Top 10 Best Practices for Cybersecurity
Recent cyberattacks on Uber, SolarWinds, Colonial Pipeline, and data breaches of Twitter, Dropbox, Amazon RDS worldwide have forced Security experts and businesses to be on their toes to find ways to prevent them. While most cybersecurity initiatives are focussed on threat detection and response, prevention is the most efficient way of handling risk posed by […]
How to protect your organization from a Business Email Compromise (BEC)?
BEC or Business Email Compromise (also known as the man-in-the-email attack) is a phishing attack in which financially-motivated adversaries trick unsuspecting executives and employees into making payments or sending sensitive data to fraudulent accounts. The criminals behind BEC send convincing-looking emails that might request unusual payments or contain links to malicious websites. Some emails may […]
The importance of Data Protection for a modern-day business
In a rapidly evolving digital world, every aspect of one’s life has become dependent on technology. From ordering food online to shopping for clothes, medicines, books, and other necessary items to booking tickets, appointments with doctors, etc., to digital payments, conducting banking transactions, and submitting university applications online has led to an exponential increase in […]
Data Protection vs. Data Privacy: What is the difference?
The digital information era has seen exponential growth in terms of data being collected, managed, and distributed across organizations. Websites, applications, and social media platforms often collect and store personal data about users in lieu of providing free services. However, some applications and platforms may exceed users’ expectations for data collection and usage, leaving users […]
Sarbanes-Oxley Act
In 2002, the United States Congress passed the Sarbanes-Oxley Act (SOX) to protect shareholders and the general public from accounting errors and fraudulent practices in enterprises, and to improve the accuracy of corporate disclosures. Congressmen Paul Sarbanes and Michael Oxley drafted the act to improve corporate governance and accountability and to protect investors from fraudulent […]
Importance of Cybersecurity and Compliance in Fintech
Fintech is a term used for ‘financial technology’, which is the application of new technological advancements to products and services in the financial industry. Financial services companies deal with highly sensitive personal and business information through services such as digital banking, digital payments, insurance services, trading, and cryptocurrencies. Currently, the Fintech market is projected to […]
The common vulnerabilities in the Fintech Industry
Digital innovations and trends in financial technology or the Fintech industry are revolutionizing how people, financial organizations, and banks manage their money and conduct business transactions. Post-pandemic era has drastically changed how people engage with finances. The COVID-19 pandemic has favored the techno-finance sector, which can give more efficient answers in terms of speed, and […]
How to prevent Business Email Compromise?
In a Business Email Compromise (BEC) exploit, the attacker typically uses the identity of someone on a corporate network to trick the target or targets into sending money to the attacker’s account. The most common victims of BEC are usually companies that utilize wire transfers to pay international clients. In this article, you will read […]
Compliance in Healthcare
Healthcare compliance is the practice of adhering to federal healthcare laws and regulations. Compliance laws are intended to help protect patients, safeguard sensitive information and help mitigate and prevent fraud, abuse, and waste in the healthcare industry. Global healthcare is a trillion-dollar industry focusing on patients’ safety and care. In the U.S., compliance in healthcare […]
The importance of cybersecurity in Healthcare
The healthcare industry has historically been a primary target of cyber-attacks. According to the 2022 Cost of a Data Breach Report by IBM and Ponemon Institute, Healthcare breach costs hit a new record high. The average breach in healthcare increased by nearly USD 1 million to reach USD 10.10 million. Healthcare breach costs have been […]