While the world and companies everywhere focus on the coronavirus disease (COVID-19) and are forming pandemic plans to keep business going and employees safe, cybercriminals are also following the crisis closely, looking to spread infections in different ways. In fact, according to the LA Times, a health agency in the U.S. has already suffered a cyberattack amid the COVID-19 outbreak. Why? In short, cybercriminals love a crisis. Companies are more vulnerable than usual and their focus shifts to other priorities other than cybersecurity practices.
In 2020, with businesses increasingly becoming more technologically advanced and conducting their transactions online, the rate of cybercrime is expected to increase. With lots of personal and confidential information being stored digitally, cybercriminals will make greater attempts to access this data, using more sophisticated as well as advanced tools and strategies.
One of the most important factors that business owners need to take into consideration in recent times is cybersecurity. With the internet now part of the daily fabric of society, people are increasingly conducting their business as well as financial transactions online and also share confidential and personal information. As a result of the increase in online activities, cybercriminals now expend a lot of time and resources looking for ways to compromise business networks and access their data.
We live our lives on-the-go. Whether we are texting, checking social media, reading emails, sharing photos or streaming music, our world is not only digitized, but it’s mobile, which means businesses and cyberthreats are too. Unfortunately, the more convenience we have, the greater the risk for threats, which puts businesses in danger, particularly mobile workforce businesses, meaning majority of their operations are handled remotely. Here are five cyberthreats that specifically affect mobile workforce and how to best protect your business without sacrificing the convenience.
We live in a fast-paced technical world, where businesses and consumers want things now and where cyberattacks can happen in a matter of seconds. Additionally, corporations operate on multiple devices and platforms, giving cybercriminals plenty of options. To identify and protect a business form possible vulnerabilities, Intrusion Detection and Prevention (IDS/IPS) was created. It’s a managed security solution under Security as a Service (SECaaS) that is literally what it sounds like. IDS & IPS detect and prevent intrusions in company networks so businesses can function normally without compromise. Below, we take a closer look into Intrusion Detection and Prevention, how it works and its benefits to ultimately help you determine if this solution should be your next cybersecurity investment.
In our digitized society, cyberattacks are becoming increasingly more intelligent. The total number of data breaches in 2019 was up 33% compared to 2018, with approximately 8 billion personal records compromised. As a result, cybersecurity enhancements are striking against that intelligence. It’s nothing new for corporations to see higher demands for detection and prevention of cyberthreats, however, custom solutions are becoming more critical, as hackers are constantly finding new ways, platforms and gaps to attack, affecting businesses of all sizes. Failure to adapt to custom cybersecurity operations could result in your network being compromised, leading to adverse consequences like loss of customer trust, business disruption and financial loss.
Cloud adoption by financial institutions has been on the rise. According to PwC, by 2020 core financial services like credit scoring, statements management, payments, and billing will use the cloud for processing and computing. From retail banking to collection agencies to asset management and investment banking, the cloud provides many use cases to bring scalability, cost savings and higher security to financial institutions.
The largest financial institutions have already adopted cloud technology. But it’s not just the J.P. Morgan’s or Bank of America’s of the world. Smaller financial institutions are finding the same benefits in cloud computing and cybersecurity practices that enterprises are leveraging. Here are 7 reasons financial institutions need cloud computing and cybersecurity.
1. Cost Savings
Financial institutions are leveraging the cloud to move IT operations to an operating expense model (OpEx). IT hardware and underlying infrastructure is expensive, and financial institutions are concerned about the rising costs associated with running data centers. Additionally, on-premise data centers are difficult to scale, and any growth requires large capital expenditures. Instead, hybrid cloud strategies allow banks and collection agencies to safeguard mission-critical data in the cloud without the high cost and maintenance that typical on-premise centers come with.
In today’s digitized world, cyberattacks are inevitable if businesses aren’t proactive in their protection. Regardless of business size, it’s only a matter of time before organizations become victims due to the absence of cloud computing and security solutions. In fact, 81% of cyberattacks affect small to medium-sized businesses, simply because they lack cloud knowledge.
Topics: Cloud Computing, Backup, Cloud Security, Cloud Storage, healthcare, Cybersecurity, SIEM, Intrusion Detection and Prevention, Office 365 Backup, Cloud Solutions, Identity Management, Security as a Service
We’ve all made the mistake—denying that we are targets of cyberattacks and identity theft. It’s so easy to think that it will never happen to you, but when it does, it’s too late. In fact, 81% of cyberattacks happen to small and medium-sized businesses. Just last year, the Federal Trade Commission reported an estimate of 9 million identity theft cases. With how many platforms, devices and accounts that organizations run on, along with how many ways hackers can strike, it’s critical that foot traffic is crystal clear in company networks. This is where Identity Management comes in. Below, we define Identity Management, how it works and its top benefits.
You’re probably familiar with cybersecurity, but it’s easy to get lost in the jargon. Failure to keep up with cybersecurity and cyberattack trends ultimately means failure to determine what is truly best for your business. Security as a Service (SECaaS) is one of those terms that has gained popularity in the last few years or so and it’s on the rise in 2020.