Join in the discussion - we will be bring you our take on the latest happenings in the ICT sector.
Just a year after Mirai - the biggest IoT-based malware that took down large portions of the internet impacted IP cameras and internet routers by simply exploiting their weak or default passwords. Security researchers are now warning of a brand new rapidly growing IoT botnet.
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Financial firms are big targets regarding cyber security attacks due to the sensitive data that these services hold about their customers. The finance industry has become very good at protecting their information from attacks but with a constantly evolving underworld of cyber criminality, firms cannot afford to let security take a backseat.
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Cybercrime is on the rise. Outsourcing your IT services can shield you from these cyber threats as well as making your systems more streamlined and professional.
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Socialising online is no way different from the real world or safe as these wide networks are open to just about anyone who wants to be there for whatever reason!
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When it comes to preventing unwanted intrusion online, it can be easy to fall prey to those looking to subvert your intentions. Online schemes, tricks, viruses, and robberies happen every day to both individuals and businesses alike.
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Criminals use social engineering tactics because it is usually easier to exploit your natural inclination to trust than it is to discover ways to hack your software.
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In the days of the Wild West, a heist on the local bank would only succeed if the criminals gained access to the money and jewels in the safe. These days it is a little more complicated. Financial institutions have much more to lose in the form of confidential and vital digital information.
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Digital data can prove a treasure trove for hacker’s who know what to look for and how best to utilise sensitive information to their advantage.
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Financial firms are indeed quite rewarding targets for cyber criminals, should they successfully breach the security systems in place. Not only do these firms serve as a source of unlimited funds but also sensitive personal data that can be used in different ways to maximise the rewards. Security shortfalls in an increasingly digitised business environment, especially when it comes to financial services, can prove quite devastating. Let’s understand some of such common shortfalls firms are plagued by.
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We’re now in the countdown period to the introduction across the EU of the General Data Protection Regulation (GDPR). As we move towards May 2019, Irish financial service companies will be facing a period of intense work to comply with the regulation, along with continuing uncertainty over exactly what effects it will have.
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