The subscription model is a gift that keeps on giving. For customers, it offers convenience, flexibility, and continuous access to the services or products they love. For businesses, it creates a steady and predictable revenue stream, fosters long-term customer relationships, and provides valuable insights into user behavior. But here’s a third player in the game that loves subscriptions just as much: fraudsters.

The CIS Critical Security Controls (CIS Controls) are a set of best practices designed to help organizations protect themselves from the most common cyber attacks. First developed in 2008, the controls define the minimum level of cybersecurity any organization that collects or maintains personal information should meet. CIS released version 8.1 of the CIS Critical Security Controls on June 25th, 2024.

The Office for National Statistics (ONS) most recent Crime Survey for England and Wales (CSEW) has revealed that computer misuse cases rose 37% in the year ending March 2024, bucking a general trend of decline. The CSEW first started tracking computer misuse in the year ending (YE) March 2017, which saw roughly 1.8 million incidents. By March 2023, this number had fallen to 745,000. In March 2024, however, computer misuse incidents rose dramatically to 1 million.

An important deadline is just around the corner for businesses that operate in the European Union (EU): By October 17, 2024, EU Member States must implement the NIS2 Directive into their national laws. Failure by critical infrastructure organizations to comply with additional cybersecurity obligations can result in consequences including financial penalties and reputational damage.

We are elated to announce that ManageEngine has again been recognized as a Challenger in the 2024 Gartner Magic Quadrant for Privileged Access Management. We believe that this is a testament to the consistency with which ManageEngine delivers a holistic experience for enterprise IT. The Gartner Magic Quadrant evaluated vendors on the basis of their Ability to Execute and their Completeness of Vision.

In this blog, we will explore how the CSP framework strengthens security and ensures compliance for financial institutions.