Over the last few years, the rate of cyberattacks has continued to hit record growth, taking advantage of individuals or businesses with poor cybersecurity practices. These attacks have affected healthcare, government, finance, and major businesses around the world. Of these cyberattacks, ransomware consistently ranks at the top of the most common cyber threats list, with an estimated 623 million incidents worldwide in 2021.
Forensic investigators can track your exact location by following the biological traces left on every object you touched. In the digital world, your online activity is much easier to track because digital prints are larger, harder to hide, and even harder to erase. This poses a serious cybersecurity problem for all businesses.
Cybercriminals choose their targets based on two conditions - maximum impact and maximum profit. Financial institutions perfectly meet these conditions because they store highly valuable data, and their digital transformation efforts are creating greater opportunities for cyber attackers to access that data. This is why the financial sector is disproportionately targeted by cybercriminals, behind healthcare.
Cybersecurity is one of the fastest-growing and most in-demand fields in the tech world. As technology continues to evolve, the demands of cybersecurity (and job opportunities) also grow along with it. Choosing a cybersecurity career can be difficult and challenging, but there are many different career paths to choose from that can make your experience rewarding and well worth the investment.
Business email compromise (BEC) occurs when cybercriminals scam organizations by compromising sensitive data through email accounts for financial gain. FBI research shows that BEC is currently the most costly digital crime, far surpassing ransomware to account for US$49.2 million in victim losses in 2021. BEC is also known as email account compromise (EAC) or 'man-in-the-email' scamming.
Everyone is at risk of a data breach or cyber attack, no matter how small or large a company is. Hackers and cybercriminals come up with new ways every day to steal sensitive information or personal data that they can potentially sell or ransom for money. According to a report published by the Identity Theft Resource Center (ITRC), a record number of 1862 data breaches occurred in 2021 in the US.
In cybersecurity, a vulnerability is a weakness that can be exploited by cybercriminals to gain unauthorized access to a computer system. After exploiting a vulnerability, a cyberattack can run malicious code, install malware and even steal sensitive data. Vulnerabilities can be exploited by a variety of methods including SQL injection, buffer overflows, cross-site scripting (XSS) and open-source exploit kits that look for known vulnerabilities and security weaknesses in web applications.
A security questionnaire is a crucial part of an organization’s vendor risk assessment process. Client organizations use security questionnaires to gather insights into the security posture of their third-party vendors, such as their information security policies and practices.
In a threat landscape where organizations outsource vital business processes that leave data security in the hands of third-party information technology, vendor risk management is increasingly important. A 2022 KPMG study found that 73% of survey respondents experienced at least one significant disruption caused by a third party over the past three years.
