The volume and impact of data breaches have accelerated largely in 2022, which has contributed to many adverse effects for businesses. Tc highlights several updated factors that have generated great costs across 17 countries and regions, and 17 industries.he report has included new related areas of analysis such as.
Most of us already know the basic principle of authentication, which, in its simplest form, helps us to identify and verify a user, process, or account. In an Active Directory environment, this is commonly done through the use of an NTLM hash. When a user wants to access a network resource, such as a file share, their password is hashed and sent over a cryptographically secure channel to the resource.
The Health Insurance Portability and Accountability Act (HIPAA) is a data privacy and security regulation for the healthcare industry. It is a comprehensive regulation that ensures your organization complies with the requirements of HIPAA. Organizations looking to achieve HIPAA Compliance must meet the requirements outlined by the regulation. Further, failure to comply with HIPAA regulations may result in substantial fines, especially in case of an incident data breach.
Cloud adoption has gained solid momentum over the past few years. The technology has been helping organizations revolutionize their businesses and optimize their processes for increased productivity, reduced cost, and better scalability. But as organizations pour their entire focus on improving their businesses, they tend to lose control of governance. One of the many reasons that data governance tends to get more out of control is when organizations increasingly adopt a hybrid or multi-cloud model.
Given that most KYC is registered online and the documents required are also assembled online, verification procedures should be fully digital as well, given the entire digitization of financial instruments and services. The onboarding procedure can now be completed entirely online thanks to changes made by authoritative entities. The eKYC Verification, which speeds processing for a variety of financial services, enables this.
LastPass, the popular password manager used by millions of people around the world, has announced that it suffered a security breach two weeks ago that saw attackers break into its systems and steal information. But don’t panic just yet – that doesn’t mean that all of your passwords are now in the hands of internet criminals.
A secure password contains randomized letters, numbers and characters with a minimum length of 8 characters. Memorizing strong passwords can be difficult which is why passwords are often reused. While reusing passwords makes it easier for you to remember, it also makes it easy for cybercriminals to gain access to your personal data. To prevent your data from falling into the wrong hands, it is important to learn the best practices that will ensure your passwords are secure.
Few Indian businesses are included in the ever-increasing list of major data breaches. But data suggests that this streak of luck could soon be reaching its end. Increasing third-party security risks and a deficiency of security controls addressing them create the perfect conditions for a large-scale global supply chain attack facilitated by breached Indian business.
