The need for cybersecurity in the financial services industry has never been greater. Financial Institutions (FIs) have been and will continue to be the subject of cyberattacks by adversaries of all varieties. The old adage “why do you rob banks....because that’s where the money is” holds in this domain as well. In 2019, 86 percent of breaches were financially motivated, and the records exposed in all breaches increased by 284 percent. And if that’s not enough for FIs to worry about, consider that the average cost of a breach as disclosed by public firms in 2019 was $116 million. Given the magnitude of this issue, these are the top trends seen in cybersecurity this year.
An independent study surveying IT security leaders in the U.S. and U.K. found that 93% of those surveyed said that their organisation had suffered data breaches through outbound email in the last 12 months. Rising outbound email volumes due to COVID-19-related remote working and the digitization of manual processes are also contributing to escalating risk.
The free event will cover the most common topics affecting professionals in the private security industry including technology integration in manned guarding, incorporating new security services, and de-escalation training.
Cloud communications and other advanced networking solutions have not only changed the way we connect with the world around us today, but they are also driving the change in future connectivity and are set to transform the way businesses create operating models, collaborate, and more. So, what does the future of connectivity look like in 2021? The near future consists of more robust security, more intuitive and streamlined connectivity, and increased mobility for a global workforce.
Thoughts around threat landscapes commonly prioritize corporate and governmental networks assets as high priorities, with personal networks and resources as lower-level threats. However, there have been recent changes that have caused the reassessment of prioritization levels at times. As a result of the COVID-19 pandemic, the number of individuals who work from home has greatly increased. In fact, Stanford researcher Nicholas Bloom places the percentage of people currently working at home at over 40%.
Ransomware attacks are on the rise – and they are getting more and more sophisticated and destructive. That is bad news for executives struggling to maintain a high level of cybersecurity even as their organizations continue to cope with the massive impact of a pandemic.
Over the weekend, Fairfax, Va. County Public Schools, the 10th largest school district in the country, was hit by Maze ransomware, resulting in an apparent leak of student and faculty data, just days after previous attacks on these two other school systems.
Two new public safety committees were created this month by University of Utah Chief Safety Officer Marlon Lynch and appointed by U President Ruth Watkins. The Public Safety Advisory Committee and the Independent Review Committee are comprised of students, faculty, and staff from across the institution and are designed to ensure a broad representation of constituents are included in public safety decision-making.
What are the expectations, technical implementations, and challenges of using cloud security access brokers (CASB)? Cloud Security Alliance's latest study reveal unrealized gaps between the rate of implementation or operation and the effective use of the capabilities within the enterprise.
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