Digital banking provides faster processing of financial transactions, more convenience, and a model that allows for the continuation of a financial industry even in the face of a pandemic. However, digital banking makes banks vulnerable to cyberattacks. Banks are now facing fresh security challenges that were brought on or affected by COVID-19. Here is what you need to know about them and how to protect yourself.
While remote working arrangements will be less common in the post-COVID environment than during the pandemic, they will remain elevated over pre-pandemic levels, says the survey.
The SEC’s Office of Compliance Inspections and Examinations (“OCIE”) recently issued a Risk Alert (the “Alert”) discussing cybersecurity observations from its examinations over time. The Alert did not state the time period of examinations included; however, OCIE has conducted several cybersecurity targeted exams over recent years.
We spoke to John Scimone, Dell’s Chief Security Officer, who runs a converged organization, combining physical and cybersecurity, about how he has personally navigated a culture of convergence and digital transformation at Dell.
In fact, HIPAA penalties do distinguish degrees of “not knowing,” yet that doesn’t mean - like the traffic violation above - that a hefty fine still won’t land in your lap. Can your company deal with even a $50,000 (per violation) hit to the pocket book? Here’s the breakdown of potential penalties per OCR (Office of Civil Rights) discretion, as noted in the HIPAA Journal.
Seven in every ten CISOs (71%) believe cyberwarfare is a threat to their organization, and yet just over a fifth (22%) admit to not having a strategy in place to mitigate this risk. This is especially alarming during a period of unprecedented global disruption, as half of infosec professionals (50%) agree that the increase of cyberwarfare will be detrimental to the economy in the next 12 months.
Using memes as propaganda, employing sophisticated communication networks for both planning and recruiting, making use of both fringe and private online forums and organizing militias to inspire lone wolf actors for violent action have proven to become tried-and-true tactics by extremist online communities seeking to expand their influence in recent years.
According to the Network Contagion Research Institute (NCRI) report, presented by the Rutgers Miller Center for Community Protection and Resilience, Network-Enabled Anarchy: How Militant Anarcho-Socialist Networks Use Social Media to Spread Violence Against Political Opponents and Law Enforcement, militant and extremist groups have taken to social media and online forums to plant hateful, anti-Semitic and/or revolutionary ideas in the public eye, which are often disguised with humor or through using coded language.
No matter how much the economic situation changes, prompt detection and response to cyber threats must remain a core priority for your organization. The ability to spot and address incidents in their early stages will help you avoid data breaches and their unpleasant consequences, including business downtime, lost revenue, costly security investigations and fines from regulatory bodies. As a result, you can save your budget for mission-critical tasks that will bring your organization value in the long run.
Why are CISOs constrained from delivering metrics at scale and why is producing good security metrics so difficult? Here, find out what the five stages of security metrics maturity are, and how you can achieve a mature security metrics program.
At NRF Protect this morning, loss prevention professionals discuss their tactics regarding COVID-19 response and the role of their departments in the organization.
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