Access to data comes with significant responsibility, and misuse of this access can negatively affect organizations. When employees misuse data for personal gain or other unauthorized purposes, it can jeopardize data security and lead to costly breaches. Indeed, 68% of data breaches involve a human element, according to the 2024 Data Breach Investigations Report by Verizon.

Cyberattackers are continuously seeking sophisticated new ways to crack passwords and get access to sensitive information such as personal user data, financial records, intellectual property, or corporate data. The stakes are high, and the challenge of keeping passwords secure has never been more critical. According to the 2024 Data Breach Investigations Report by Verizon, roughly 50% of data breaches involve stolen credentials, which highlights the need for robust password management practices.

Few organizations know how to handle a cybersecurity incident properly and minimize its impact on the business. Having a well-designed incident response plan (IRP) in place can save your organization time and resources spent on incident remediation. We can help you build an efficient IRP. Read this post and create an IRP that fits your organization’s needs using the best practices from the NIST incident response planning framework.

Unauthorized access continues to be one of the biggest cybersecurity problems for organizations of all sizes. Its consequences can be severe, ranging from data breaches and financial losses to reputational damage and lawsuits. Therefore, it’s critical for organizations to establish a robust cybersecurity strategy and implement best practices to effectively detect and respond to unauthorized access.

Nowadays, financial organizations rely heavily on information and communication technology (ICT) to support remote operations. While ICT enhances operational efficiency and customer experience, it significantly increases cybersecurity risks in the financial sector. To mitigate cybersecurity risks related to ICT, the European Union (EU) has developed a specific regulation: the Digital Operational Resilience Act.