Blockchain Technology: Is it completely foolproof?
Speed and efficiency are two of the most important cornerstones of the financial industry. To execute transactions at brisk pace while harvesting innumerable amount of data— financial companies from time to time adopt disruptive technologies to streamline operations. Algorithm trading— those highly-advanced, automated but complex tools–allows traders to execute profitable trades at a lightning speed; […]
Online Payments: Pluck Those Low-Hanging Fruits
Breakthrough in online payments has significantly reduced complexities as a host of payment networks allow us to conveniently transfer payments– anywhere and anytime. But one big concern lurks: securing transaction has now become a big challenge as criminals now use advanced tools, technical know-how, and social engineering to con us online. Indeed, every time we […]
Online Banking Apps
About a year ago, a high-profile hacking incident at the U.K’s leading telecom operator Talk Talk, brought to the forefront many cyber security challenges faced by telecom companies across the world. The company, which suffered breach of personal and financial details of its 100,000 users– not only had to bear the ire from clients as […]
WADA Data Breach Lesson: Prioritize IT Spending
Earlier in June, just about a month ago before the Reo Olympics, organizers had one big concern: How to boost cyber-defenses at a time when cybercriminals are becoming increasingly adept in bringing down IT systems during major sporting events. Taking lessons from London Olympics, organizers in Brazil, as a part of the broader security strategy, […]
Small Mistakes can erode Social Media’s Amazing Influence
Social Media: who would have thought about a decade ago thata host of websites and applications that allow social networking, will become a core part of our daily life? Indeed, from running all sorts of promotional campaigns to familiarizing brand/products and from putting forward your thoughts on current affairs to finding your long-lost friends, social […]
As Firms Switch To Hybrid IT Environment, Data Security Will Need a Closer Look
Disruptive technologies such as cloud computing offer many advantages to organizations. As the technology allows to store data in cloud service providers’ servers, it helps firms to cut IT-related spending. Indeed, sans cloud-computing technology, most organizations, would bear more costs to deploy a network of devices in their IT ecosystem to store data. In addition, […]
Have You Secured Those Master Keys to Your IT Network?
Data breaches continued to haunt corporations across the world. From Japan’s largest travel agency to UK’s leading accounting software firm and from America’s prominent hospital chain to Africa’s emerging financial institutions, organizations spanning varied industries and different sizes got their data exposed this year as malefactors exploited slightest of the security gaps. Such incidents would […]
This Lurking Threat for Banks from Cyberspace Needs Urgent Response
The $ 101 million cyber heist at the Central Bank of Bangladesh, earlier this year, underscored two realities. The first is that cybercriminals are getting increasingly cannier, while another fact is that banking institutions—not all but many— remain underprepared to thwart growing attacks from cyberspace. Alarmed by the incident and a spate of other attempted bank […]
Cost of a Data Breach: Losing Trust, Reputation & Productivity
Malicious insider yet again played a key role behind a data breach. Last month a well-known British accounting Software firm suffered a security breach after one of its employees got hold of the customer information using an internal login. By gaining unauthorized access to a privileged account, the fraudster in early thirties, compromised the personal details […]
IPhone Vulnerability: What the Incident Taught Us?
Cyber security is one of the biggest challenges for global organizations. Equipped with advanced tools, cyber criminals are increasingly targeting firms’ IT systems, which in spite of higher infrastructure budgeting, remain vulnerable even at the slightest of security gaps. Security breaches—be it an identity indentity theft or denial-of-service assault— result in unfathomable losses. Indeed, financial implications arising from […]
