The current approach to cybersecurity within the financial services industry is flawed. With regulations such as the new General Data Protection Regulation (GDPR) and New York State’s DFS Cybersecurity Regulation being enforced, putting ever greater pressure on data protection, combined with the fact that the financial services industry is one of the most targeted, regulatory and consumer eyes alike are firmly on financial institutions to improve their cybersecurity processes and models.
An IP camera is simply a computer with a lens on it. In the IoT age, cybersecurity is only as strong as the weakest link in the overall network ecosystem. As a result, cyber hardening is essential for anything connected to the network.
When NIST recently updated its Cybersecurity Framework, it added only one new core category: Supply Chain Risk Management (SCRM). Placed within the Framework’s “Identify” function, SCRM encompasses, but typically extends beyond, traditional vendor management approaches. That’s because the supply chain typically extends beyond suppliers to include other external parties, such as integrators and even third-party communications providers.
As OT and IT converge, organizations can use IoT devices to boost the efficiency of industrial processes, but these devices and processes also present new risks and points of vulnerabilities.
With one-third of working adults in the U.S. admitting to potentially risky behavior at work, employee negligence poses major security concerns for U.S. businesses.
Cybercriminals are leveraging ransomware threats to extort big money from organizations of all sizes in every industry, but financial services organizations are one of today’s primary targets. It is non-negotiable for financial services companies to maintain the privacy of theirs customers and the security of their confidential data. If a bank or credit union is hit with a ransomware attack, significant backlash is undoubtedly going to ensue – especially if customer data is held ransom for a significant amount of time.
With 11,000 IT and cybersecurity jobs currently unfilled in the state of Florida and state government agencies facing a very competitive talent market, the University of West Florida Center for Cybersecurity and the Florida Agency for State Technology (AST) have tackled the issue aggressively on their own and teamed up to build a pipeline of talented, trained cyber professionals who can support the state’s cyber resiliency and data security.
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