Wayne Bridgeman II, a Senior Manager on AT&T’s Network Cybersecurity team, offers a 5-point checklist for businesses in 2022 alongside tidbits of often overlooked tactics that can strengthen security.
The average cost of a data breach will continue to rise, which means companies need to start planning accordingly. To protect your business, you need to invest in cybersecurity. Here are 11 areas you should focus on.
The banking and financial sector is known for its dependence on third-party vendors that help provide customers with quality financial products and services. It is one of the most interconnected sectors, making it one of the most vulnerable to cyberattacks. And because third parties operate through the banks they are contracted with, any losses are the bank's responsibility.
It is easy to think of cybercrime as a phenomenon only impacting the digital space. However, as trends are showing, digital attacks have a very real and very physical impact. According to the FBI, there has been a surge in rental and real estate property scams conducted via digital means, whether that’s the insertion of rogue actors into the property purchase chain, or hijacking of legitimate websites to promote false, money scamming listings.
Multiple reports in the media, including in Bloomberg US Edition, allege that Russian-associated cybercrime group Killnet is responsible for a series of distributed-denial-of-service (DDoS) attacks during the week of October 6 that took several state government and other websites offline. While most of the websites were restored within 48 hours, these volumetric attacks can leave even the most secure sites paralyzed and susceptible to further damage.
A key share of growing technology is blockchain. Blockchain technology permits entities to share information quickly and firmly while not compromising on security. The engineering blockchain has hit the marketplaces everywhere nowadays. And it’s because blockchain has many applications that deliver higher output and reliability than the traditional network. Now that many businesses have begun to experiment with the blockchain, a full new sort of marketplace is developed.
The impact of ransomware attacks on healthcare is as alarming as it is under-addressed. The United States healthcare system alone faces an annual burden of nearly $21 billion due to these attacks. It pays well over $100 million in ransoms, and is beginning to acknowledge the tragic realities of impacted patient care, including higher patient mortality rates. For every headline related to cyberattacks, there are likely hundreds more that go unreported.
October and Halloween are both fun and scary, just like cyberspace. Cyber Security Awareness Month is an excellent time for grown-ups to discuss cyber safety with us. It takes an informed cyber village to help raise savvy cyber kids, and I believe introducing cyber literacy to kids of all ages is increasingly critical. Today, every household is filled with connected devices, and I hope this information will help with better digital decision-making by kids.
SocGholish, also known as FakeUpdate, is a JavaScript framework leveraged in social engineering drive by compromises that has been a thorn in cybersecurity professionals’ and organizations’ sides for at least 5 years now. Upon visiting a compromised website, users are redirected to a page for a browser update and a zip archive file containing a malicious JavaScript file is downloaded and unfortunately often opened and executed by the fooled end user.
The value of digital payment transactions is growing as the world's payment environment moves more and more away from cash. Over the past few years, BFSI (Banking, Financial Service, and Insurance) firms have continued to be a top target for hackers. In fact, the Sixth Annual Bank Survey found that more than 70% of fintech companies named information security as their top issue.
