Menu

Monthly Archives
2018 December

Home / Blog

Why Financial Institutions Can Not Allow Data Breaches

Why Financial Institutions Can Not Allow Data Breaches

The global banking sector is considerably healthier now than it was 10 years ago, at the start of the global financial crisis. The largest banks in the world have significantly improved their capital position in the years since the crisis. Furthermore, competition in the banking sector has become tough. While FinTech are primarily conquering the young target group with innovative business models, established banks must make an effort to maintain their market position. However, they also have a great advantage over the newcomers: the trust that has grown over many years of their customers.

 

Consumers feel safe at recognized banks. This is shown by the banking customers experience report. As a result, banks and savings banks occupy the top spot when it comes to customer confidence in data protection. Three quarters of respondents (72 percent) believe that their data is safe with their bank. In second place are health insurance companies with only 40 percent.

 

In contrast, however, there are other numbers. According to the Ponemon Institute’s study, sponsored by IBM “Cost of Data breach 2018” the financial industry is most often affected by data breaches or data theft. Given the nature of data held by financial institutions, including banks, credit unions, credit card companies and brokerage firms, it’s no surprise they are the most at risk of cyberattacks. The cost per lost dataset is $ 206, the second-highest in the industry, fallowing by the healthcare sector. Overall, the cost of a data breach increased from $ 3.62 million in the previous year to $ 3.86 million. In such data breach, the most importance is the loss of reputation caused by such an incident.

 

The biggest risk is data beyond the productive environment

Banks cannot afford to lose the trust of their customers. Because this is precisely their competitive advantage over the FinTech. The term “FinTech,” which is the short form of the phrase financial technology, represents companies that combine financial services with modern, innovative technologies. FinTechs generally aim to attract customers with products and services that are more user-friendly, efficient, transparent, and automated than those currently available in traditional banks.

 

Therefore, traditional banks should do everything possible to reduce the risk of data breaches and to close any weak points. Looking at past data protection incidents in the financial sector it seems that most of the time the productive data was not affected. Productive systems are usually well protected against hacker attacks with the latest technology. What is at risk is data that is copied from the production environment and circulates around the house – for example, for development or data analytics. These account for about 80% of the data in the company. In large companies, thousands of employees access the data. In this environment, data protection officer must ensure that sensitive information does not fall into the wrong hands.

This hinders blood flow to http://appalachianmagazine.com/category/history/old-ways-memories/page/3/ cialis 20 mg spongy tissues in the shaft of penile organ and make the organ blood-filled so that it can become erect at desired time. So if you’re cheapest sildenafil one of those who suffer from headaches, arthritis, spondylitis, Frozen Shoulder (adhesive capsulitis), whiplash, muscular cramps, muscular atrophy, as well as chronic tension, stress, general postural complaints and sports injuries. When looking for purchase cialis online appalachianmagazine.com a chiropractor, a good place to start might be to Google “Theory Y” The “Theory Y” model does exist as a practical management strategy and has been around for an awfully long time. The risk factors that can cause these problems and in most appalachianmagazine.com viagra online cases, will tell you that head noise can even be a result of numerous drug treatments.) After that in some way you actually started to obsess on the T: why did I get it, how to get rid of it.  

This is how DataOps provides more security

DataOps (data operations) is a new approach to data management which brings together data workers, the individuals who collect, clean and prepare data, with data analysts to help enterprises make data-driven decisions at the moment of opportunity.

A DataOps platform can be helpful in increasing the security of data inside the organization. It enables central data management and creates virtual copies of the productive data so that they can be distributed quickly and above all safely in the company. For example, central policies can be used to specify how the data should be protected. With role-based access rights, administrators control who can use which data and how.

 

An important method to protect sensitive data is also by masking it. This information is anonymized, so that no conclusions on the respective persons are possible. For developers and data scientists, the data is still meaningful enough. The General Data Protection Regulation also expressly mentions anonymization as a suitable means of data protection. With a DataOps platform, masking can be automated before the data is copied and redistributed from the production environment.

 

Conclusion

Data breaches can have lasting harmful effects for any business, regardless of its industry. The financial impact of a loss of brand reputation and trust after a cybersecurity incident can be significant across all industries. And when it comes to the cybersecurity threats financial institutions face every day, there is only one guarantee: hackers will continue to find new ways to infiltrate your organization’s network.

 

Data protection and data security are playing an important role. Still, established banks and savings banks enjoy great trust from their customers. But this advantage over Fintechs can quickly disappear due to data breakdowns and the associated loss of reputation. Particularly vulnerable are data beyond the productive environment. With masking, centralized policies and access rights management, a DataOps platform can help to better secure them.

Benefits of Buying Used Software Licenses

Benefits of Buying Used Software Licenses

 

Recently, Microsoft introduced Office 2019 – the on-premise alternative to the cloud-based Office 365. However, those who prefer to run applications in their own data center do not necessarily have to buy the latest version of Office. Before doing any investment in software purchase, companies and authorities should also consider second-hand software and the benefits second-hand licenses offer. As buyers of used software get exactly the same product as first-time buyer in significantly more favorable terms.

 

  1. Often, an older version is completely sufficient – or even better

Businesses should ask themselves if they really need the full functionality of the new Office 2019. Because Office 2016 already offers many attractive features. While manufacturers themselves only offer the latest version of their software, lower-cost predecessors are also available on the used software market. Older program versions also have other advantages, such as, they are already tried and run more reliable than the latest, in which perhaps one or the other bug must be resolved. For authorities, previous versions are often even better because they do not cause compatibility issues with specific applications. Second-hand software also fulfills the requirement of public procurement law that the purchase of software must be economical and needs-based.

 

  1. Office 2019 will be available soon

If you still want to stock up on the current version, you do not have to obtain it from the manufacturer. In early 2019, the first used Office 2019 licenses are expected in the market. Because what many companies do not know: Used software does not automatically mean that this is older software. Even current program versions are available second hand – at much lower prices.

 

  1. Used software offers enormous cost advantages

    2. But, there is no way that these drugs work for every man, but is known cheapest viagra no prescription to work for four out of ten male personalities suffer from the lacking strength of erections. Phase 1: Emission: Emission starts when sperm moves from our testicles to the prostate, which would cialis tadalafil uk http://appalachianmagazine.com/2017/01/14/born-in-southwest-virginia-the-history-of-mountain-dew/ aggravate prostatitis. Reduced tadalafil 50mg libido may inhibit a man’s capacity to remain erect. Caverject, Edex) * Phentolamine * Papaverine Alpostadil as medication for erectile buy viagra where dysfunction: * Safe to use even for men with medical conditions such as diabetes * Safe for men taking nitrate-based medications and prostate cancer should also refrain from taking this supplement.

With used software companies can save money and thus relieve strained IT budgets. In general, cost advantages of 20 to 50% are expected and achieved in comparison to the new purchase from the manufacturer in it. Conversely, the sale of unused licenses often frees up the IT budget – in order to invest it, for example, in important digitization projects. After all, companies and authorities are still faced with the challenge of digitizing business processes and making them more efficient and more customer- or citizen-friendly. It is therefore important to be as smart as possible about the available resources.

 

  1. Reputable dealers handle buying and selling without any legal risk

One cannot stress it often enough: the purchase and sale of used licenses is absolutely legal, if some conditions are met. For example, the manufacturer or one of its distributors must have circulated the license for the first time in the EU or a state party to the European Economic Area. If you want to be on the safe side legally, you should consult an experienced dealer that knows all the terms and conditions of buying and selling used software, examines the supply chain thoroughly and thus ensures that the licenses are legally flawless. Often, he also provides a release from liability, insurance for financial losses and technical certificates of accountants. In the case of a sale, he is able to accept even large quantities. Last but not least, he supports with upcoming manufacturer audits.

 

  1. On-premise software remains attractive in times of cloud computing

As the example of Microsoft shows, there will always be a market for on-premises and consequently second-hand software. Many companies still do not want to move sensitive data in the cloud for security reasons – and look back: over the past 15 years, the market has been slow. A widespread use of the cloud is currently not 100% adapted by all companies. Added to this is the dependency ratio in which organizations with cloud rental models go. If you buy on-premise software, you can use it even in times when the budget is tight. Cloud rental models, on the other hand, are an ongoing cost factor for IT. In the extreme case, this means: If you can no longer pay, the services will not be available any more.

 

Conclusion

 

Used software is becoming increasingly popular – also as an alternative to cloud rental models. Particularly in the case of public authorities, it has not yet been conclusively clarified whether, for example, from a legal point of view, it is even permissible for them to enter into such a permanent debt relationship. It is especially recommended for companies and authorities to use second-hand licenses for standard software – and not pay monthly for the latest version of the cloud. Because hand on heart: Mostly employees use only a fraction of the possible functions. The saved budget can then be invested in important digitization projects.

The 9 Biggest Cybersecurity Myths Exposed !

TOP CYBERSECURITY MYTHS DEBUNKED

In today’s high-tech era, there is hardly anyone who is not confronted with IT security in any way – it can be morning log-on to the workstation, installing a smart home appliance, or reading about the next big hack of a business.

The devastating effects that a security breach can have on an enterprise, coupled with the bright global spotlight on the issue, can give a very bad reputation to an enterprise. While most in leadership positions today recognize the elevated importance of data security risks in their organization, only few of them understand what action should be taken to address these risks.

 

Plus, despite the increased focus on corporate cybersecurity, there are still a number of common misconceptions and myths that seem to be difficult to remove. These are many superficial facts that, although often repeated, do not become correct. The problem is: If you follow and believe them, it quickly becomes dangerous.

 

Myth 1: A strong password protects access to sensitive accounts

Strong passwords are certainly an essential root for cybersecurity, especially in business. However, implementing and enforcing strong password policies is just the beginning, which needs to be complemented by other measures such as two-factor authentication and effective monitoring. In fact, one of the key components of cybersecurity prevention, which is often overlooked by businesses, is not how people access the information, but what information is actually accessible. Not only do employees need secure passwords, but companies also need to know who they can access. For example, the 2018 data risk report shows that in 41% of companies, all employees have access to at least 1,000 sensitive files – such as personal data, credit card or even medical information. In addition, many companies do not have a system for monitoring administrator access and have no idea what their users are doing with what data.

 

Myth 2: Hackers are not interested in SMEs

Myth is, that by looking at the coverage of cyber-attacks, one can easily conclude that these are first and foremost aimed at large corporations. But the reality is that according to the Verizon Data Breach Investigations 2018’s Report, 58% of victims of data breaches are small businesses (SME). There are several reasons for this, many companies are not specifically selected but are the victims of so-called “spray-and-pray” attacks. Hackers set up automated systems to infiltrate companies at random. In this way, any business, regardless of its size, can be victimized. In addition, smaller companies are typically “easiest” targets as they have less resources available for advanced security solutions and often lack qualified security teams. This also increases the likelihood that they will be victims of attacks.

 

Myth 3: Only certain industries are vulnerable to cyberattacks

Just as some companies believe they will not be attacked because of their size, others mistakenly believe that their industry is uninteresting to cybercriminals. This myth goes hand in hand with the belief that some companies have nothing “valuable” to steal. The reality is that all sensitive data, from credit card numbers – to addresses – to personal data, can turn a business into a disaster. And even if there’s really no data to sell on the Darknet, they can still be important to your business continuity, making companies vulnerable to ransomware attacks.

 

Myth 4: AV software protects me well

Make use of this medicine only cialis 5mg sale http://appalachianmagazine.com/2019/02/28/appalachias-abandoned-grist-mills-a-forgotten-epicenter-of-life/ for the treatment of erectile dysfunction. For many this means reacting sildenafil india online to particular subconscious beliefs held in our cellular memory by an emotional reaction or in some cases a rather unemotional intellectual left hand brain response completely negating any form of wisdom teachings. Rather than using injections or vacuum devices, the use of Erectile dysfunction medications such as tadalafil 20mg españa . levitra Tadalafil which is a PDE5 inhibitor i.e. a medication that can undo the side effects of diuretics and beta-blockers, and give you a sustain erection long enough for sexual intercourse. Read Full Article levitra 60 mg Remember one point; whatever is good for your kidney without side effects.

Granted, this myth has faded a little recently, but is still prevalent. Antivirus software is certainly an important part of a company’s security, but it does not protect by anything. AV solutions are just the beginning of a comprehensive cyber security plan. To truly protect a business, you need a comprehensive security strategy that includes everything from employee training to identification, from inside threats to emergency management.

 

Myth 5: Insider can’t be threats

While external threats are certainly a problem and should be closely monitored, insider threats are at least as dangerous and should be closely monitored as well. Research even shows that insider threats account for up to 75% of privacy breaches. And these threats can come from anyone in the organization – from angry or dissatisfied employees seeking revenge or an ordinary employee with no cybersecurity training who fall for a phishing email. Therefore, it is important to have a system for preventing and monitoring insider threats, such as Intelligent User Behavior Analysis (UBA).

 

Myth 6: Cybersecurity is first and foremost a topic for the IT department

It goes without saying that IT has a great responsibility in implementing and reviewing policies to ensure cybersecurity for businesses, as well as implementing appropriate safeguards and solutions. However, the level of security of a business depends largely on the behavior of each individual employee. According to Verizon, 49% of the malware is installed via email. If employees are not trained in cybersecurity issues, such as recognizing phishing scams and avoiding insecure links, they could open up the company to potential threats.

 

Myth 7: A password-protected Wi-Fi network is secure

Mobile work has meanwhile become almost standard, we are continually on public during our lunch break in the branch of a coffee shop, on business trips or even on vacation. Unfortunately, many people mistakenly assume that a password ensures the security of a Wi-Fi network. In fact, Wi-Fi passwords primarily limit the number of users per network. Other users using the same password may be able to see the sensitive data being transmitted. Also, one should exercise caution in choosing the Wi-Fi access point, as it could well be at best dubious, hacker-installed hotspots. Mobile workers should therefore invest in VPNs to make their data more secure.

 

Myth 8: One can immediately identify infected computers and systems

About a decade ago, it could have been true that you could immediately tell if your computer was infected with a virus – indicative signs were pop-up ads, slow-loading browsers, and in extreme cases system crashes. And even today, ransomware is an attacking style that is very loud and ultimately lives from being noticed. As a rule, however, cybercriminals want to go about their business unrecognized in the systems for as long as possible. Modern malware is therefore difficult to recognize. Studies show that hackers are often on the victim’s network for days, sometimes months, before they are recognized.

 

Myth 9: 100% protection is possible

Cybersecurity is an ongoing process and not a one-time task that can be done and then ticked off. New malware and attack methods put systems and thus the company data in danger again and again. To truly ensure cybersecurity, all systems must be continuously monitored, internal audits must be performed, and emergency plans must be reviewed, tested and evaluated. And this process requires the involvement of all employees. An essential step here is – as already mentioned – the sensitization of the employees and the tidying up with the mentioned myths.

5 Cybersecurity Tips – Lesson Learned From The Cyber Security National Day

A life without Internet is unthinkable for most people today, I belong to those percentage of people, but having a secure internet navigation is very essential. The international “Computer Security Day” held on 30thNovember sensitized worldwide people to cyber security.

 

Since serious threats to personal data are high at all time. Everyone, including individuals and businesses of all sizes, needs to remain diligent in protecting themselves from hackers and data breaches. Scammers of all sorts bombard us through pop-ups, viruses, e-mails, phone calls and even the businesses we visit every day.On average, every 60 seconds, 1,861 people are impacted by cybercrimes such as malware and phishing attacks, cybersecurity company RiskIQ revealed in its Evil Internet Minute 2.0 report, it means there is now more need for action than ever before.

 

Although we think people are far more sensitive to the risks of online behaviour, the results of a new study by McAfee show that many become more careless at Christmas time. Nearly half of all respondents admit that the financial pressure of the time has led them to be more careless when shopping online. For example, they use unsecured Wi-Fi connections when shopping online or buy items from online retailers whose authenticity they are not entirely convinced of.

 

But to be more secure against data theft and hackers, you do not have to be a proven IT expert. Andreas Volkert, Internet expert at McAfee, has the following simple tips that users can practice in order to surf on Internet more securely and not experience any horrible surprises when it comes to Christmas shopping on the Internet:

 

  1. Recycle is good – but not for PASSWORDS

One of the biggest mistakes you can make is to use the same password for several or even for all of your accounts. If you sign up for various online forums with low security standards with the same password, such as for the e-mail and PayPal account, this can have disastrous consequences. In order to better remember passwords, we are often tempted to use the simplest and shortest possible letter combinations. The number of characters changed as well as a hacking tool that tries millions of passwords in no time and finds the right password. Having a password of 15 characters is better than eight.

 

  1. Caution with the WLAN

cialis for cheap Occupational and/or environmental hazards: Research has shown that long exposure to elements like cadmium, hydrocarbons, lead, mercury, pesticides, radioactivity and X-rays can hamper sperm quality and count. Male levitra online from india menopause will have symptoms similar to menopause that women experience, such as fatigue, infertility, hot flashes, and mood swings. The answer is correct that discount tadalafil impotency and it is scientifically proved that it improves sexual function in men suffering from ED significantly. Habit of Alcohol, Smoking and other Drugs browse around for source buy brand cialis All men presenting with erectile dysfunction condition are likely to have a negative effect on the ability to get a prescription filled for an erectile dysfunction drug.

The use of public Wi-Fi may seem like a good idea – especially if you do the Christmas shopping and urgently need an Internet connection, for example, to compare prices in the store with those on the Internet. But if consumers are not careful, they may unknowingly divulge their personal information, such as credit card information, to cyber criminals snooping on the network. If transactions require public WLAN, you should use a Virtual Private Network (VPN) to ensure a secure connection.

 

  1. Think before you CLICK:

One of the easiest ways for cybercriminals to target victims is to use phishing emails often by using templates of official senders such as Internet merchants. For example, consumers can be fooled by cheap Christmas promotions, clicking on links that could lead to malware, or accessing a fake website designed to steal personal information. If the business seems too good to be true, it’s always best to look directly at the merchant’s website.

 

  1. Delete, Delete, DELETE

Of course, despite all security measures, the emergency must not be ruled out. Should hackers overcome against all measures and find their way into your e-mail account, what would they find? One should be aware of what personal information is stored online. The best way to prepare for an emergency is to delete all sensitive data that is no longer needed from the account. Whether bank statements, tax data or very private photos – what is no longer there, hackers cannot steal and exploit.

 

  1. Brows SAFELY

Use comprehensive security protection such as McAfee Total Protection, which can help protect devices from malware, phishing attacks, and other threats. This solution includes McAfee WebAdvisor, which can help identify malicious websites.

These measures alone do not guarantee complete security to protect the online identity from cybercrime. However, they close the biggest security holes that can be exploit by hackers. Thus, an important step is taken to be safe for Christmas and to enjoy the reflective time with friends and family.

Cheap Tents On Trucks Bird Watching Wildlife Photography Outdoor Hunting Camouflage 2 to 3 Person Hide Pop UP Tent Pop Up Play Dinosaur Tent for Kids Realistic Design Kids Tent Indoor Games House Toys House For Children