Consumers across the globe are more concerned with protecting their financial and payments information stored on a computer than they are with protecting this data when stored on a mobile wallet, according to data.
Last year, cybercriminals attacked the California-based Hollywood Presbyterian Medical Center, encrypting files crucial in running the hospital’s operating systems and demanding a ransom to restore them to working order.
During a recent European Parliament meeting, Ana Gomes, a Portuguese member of the parliament said that while a thriving data-driven economy represents an opportunity for growth and employment, big data can also pose significant risks and challenges, particularly as regards fundamental rights, including privacy and data protection.
Hospitals and medical centers face a panoply of threats and challenges around data security, yet the healthcare field has not yet responded as quickly as others, according to chief information security officers (CISOs) and others close to such institutions.
Fraudsters’ methods continually evolve to counter new fraud protection measures and with personally identifiable information, they could steal a customer’s identity or create a synthetic identity. Once a fraudster captures this information, if they are able to access a customer account or open an account, it creates a nightmare scenario with significant repercussions for the business and the customer.
Ideally a penetration test should simulate a real world attack; in the real world, the attacker will always have some objective beyond “get into the network.” No matter who the attacker is, they are motivated by something that they are trying to accomplish – and getting into the network is only one step in that process for the attacker.
Employees need to get their work done without oppressive security protocols, but they need to do so safely. If the team erects too many barriers, employees will find workarounds that jeopardize security.
