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.
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.
The term "Kill Chain Methodology" or "Cyber Kill Chain" has been widely used in the world of cybersecurity to interpret the different stages involved in a cyberattack. In a nutshell, from a hacker's perspective, a kill chain is a way to illegally gain access to a network or network device via a series of progressive steps. Consequently, from a defender's perspective, every stage of this process presents an opportunity to prevent intrusions. So, what kind of systems, networks or devices can hackers exploit by employing this methodology? Let's talk about the election.
A majority of survey respondents (61%) reported at least one insider attack over the last 12 months (22% reported at least six separate attacks). Forty-nine percent of respondents stated that at least one week typically goes by before insider attacks are detected; additionally, 44% said that another week usually passes before the organization recovers from the attacks.
Flashback to 2004 and the genesis of National Cybersecurity Awareness Month (NCSAM), an initiative created to raise awareness in the U.S. around the importance of cybersecurity. Founded by the National Cyber Security Division within the Department of Homeland Security and the nonprofit National Cyber Security Alliance, NCSAM has taken place each October, since its mid-aughts inception, in efforts to ensure all Americans have knowledge of the resources and tools they need to be safer and more secure online.
The path to securing the remote workforce should be seamless and experienced as a hassle-free balance between safety and a quality user-experience. It is pivotal to implement appropriate security practices, as inadequate measures can lead to unmanaged risks and the endangerment of corporate systems, data and employees.
The best UES solution is one that buttresses its capabilities by simplifying administration, increasing visibility and control, reducing costs and eliminating unnecesary friction all while providing a higher value of security, productivity and user experience.