The General Data Protection Regulation is a data privacy law that protects the privacy of people of citizens of the EU and UK. The regulation is designed to protect the rights of individuals and also ensure the privacy of their personal data. The regulation outlines a detailed set of requirements for organizations collecting, storing, and managing personal data.
Cybersecurity has always been a major concern for most businesses. With the growing incidents of data breaches, it is now imperative for businesses to invest their resource in securing their IT infrastructure and data. Moreover, after the COVID-19 scenario, there was an unprecedented spike in the need for remote working. This totally hampered the security measures implemented by the organization’s IT and Cybersecurity teams.
The PCI Council aims at minimizing the risk of cardholder data by securing sensitive cardholder data including Sensitive Authentication Data (SAD). For these reasons, PCI DSS Standards are strictly enforced in the payment card industry. According to the PCI DSS Security Standard Requirement, organizations dealing with sensitive card data are required to maintain maximum security and implement measures that ensure the confidentiality, privacy, and security of the cardholder data.
A Readiness Assessment in general is an evaluation process that suggests whether or not an organization is compliant with a specific standard/regulation. The assessment helps determine gaps in security controls and demonstrates the effectiveness of controls to achieve compliance. The assessment works as a guide to identify and address the potential gaps in controls. The readiness assessment basically works as a test run for organizations looking to achieve compliance.
The world of healthcare has gone digital. Records can now be transferred anywhere they are needed, from hospital to hospital, or even directly to the patient’s email inbox. While the digitalization of healthcare records is extremely convenient but it is now equally dangerous. These sensitive PHI data are exposed to various forms of cyber threats and vulnerabilities.
Fintech, short for ‘financial technology, is the application of new technological advancements to products and services in the financial industry. The Fintech industry is rapidly evolving, driven in part by the adoption of new technologies such as artificial intelligence and blockchain-powered assets. Currently, the Fintech market is projected to reach $190 billion by 2026, growing annually by 13.7%.
Protecting devices, data, or systems from cyber threats is what cyber security is all about. These cyber-attacks are usually aimed at gaining access to, destroying, or stealing sensitive data, or consumers’ money and disrupting online transactions and business operations. Implementing an effective cyber security system is critical, as the task has grown increasingly difficult.
Most companies are unconcerned about credit card theft until it happens to them. If you sell online or by e-mail, your company is more likely to go bankrupt owing to fraudulent credit card orders. Given the increased reliance on plastic money, credit card theft is extremely damaging. Even consumers, fail to take basic precautions to avoid credit card theft.
Cyber security is an important aspect and an integral part of any online business. The layperson has little idea of what threats exist and how to protect against them. And yet, if you own a business you are almost definitely vulnerable to cyber security threats. You don’t need to be a Fortune 500 company to protect against them. By knowing what to do, you can keep your data secure and avoid breaches.
Cyber security risks have never been more apparent and costly. According to the survey data, the average cost to the U.S. organizations that experienced a cybersecurity breach in 2020 was approximately 8.64 million dollars per incident, up almost a half-million dollars from 2019. Rates of cyber security attacks and identity theft have significantly increased and seem to be only becoming easier for hackers and cybercriminals.
