Financial institutions, banks, accounting firms, credit unions, and hedge funds may struggle to stay compliant and protect themselves from cyberattacks’ rising frequency. While data security may be top of mind for financial organization teams, they can gain peace of mind and set themselves up for long-term growth by partnering with a managed cloud services provider.
After shutting down a ‘phishing-as-a-service’ operation that impacted thousands of victims in 43 countries, INTERPOL recently noted, “Cyberattacks such as phishing may be borderless and virtual in nature, but their impact on victims is real and devastating.” Business email compromise (BEC), a type of malware-less attack that tricks recipients into transferring funds — for example — has cost victims worldwide more than $50 billion, according to the FBI.
The rise of hybrid work has accelerated digital transformation for organizations of all sizes. As a result, more and more applications and data are moving to the cloud. While this has created a number of benefits — including cost savings, ease of access, and increased operational efficiencies — the cloud has also made it more challenging to protect sensitive data.
What do you know about how to use Google SIEM? You can read about implementing these managed security services into your company's network protocols.
Over the past few years, ransomware has emerged as one of the most significant cybersecurity threats. Recent research conducted by Sophos indicates that the situation is becoming increasingly dire. Notably, the payments demanded by ransomware groups have surged, making the attacks even more costly for victims. Additionally, an alarming 66% of organizations have reported being targeted by ransomware attacks in the last two years alone.
