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Managing Financial Crime Risks in Digital Payments

Image The emergence of innovative Financial Technology (FinTech) has spearheaded rapid growth in the digital payments sector. In recent years, global payment revenues exceeded valuations of $2.2 trillion, with a steady Compound Annual Growth Rate (CAGR) expected in the next five years. There is no denying the convenience benefits...
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How Does PCI DSS 4.0 Affect Web Application Firewalls?

Image The payment industry is bracing for the transition to Payment Card Industry Data Security Standard (PCI DSS) 4.0, heralding significant changes in cybersecurity practices. As we approach the implementation of this revised standard, a critical focal point emerges: the role and new mandate of web application firewalls (WAFs) in...
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Operational Resilience: What It Is and Why It's Important

Image Frankly stated, operational resilience is your ability to climb the mountain, no matter the weather. Businesses now need more than a good security structure to weather the storms of AI-driven threats, APTs, cloud-based risks, and hyper-distributed environments. And more importantly, operational resilience in 2024 requires a...
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Massive Surge in Security Breaches of Pensions Prompt Questions

Image A recent report from RPC has revealed that cybersecurity breaches in UK pension schemes increased by 4,000% from 2021/22 to 2022/23. Understandably, the announcement has raised serious concerns about the efficacy of financial service organization’s cybersecurity programmes. Although the reasons for cyberattacks on financial...
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Understanding Cybersecurity Footprinting: Techniques and Strategies

Image Footprinting, also known as fingerprinting, is a methodology used by penetration testers, cybersecurity professionals, and even threat actors to gather information about a target organization to identify potential vulnerabilities. Footprinting is the first step in penetration testing. It involves scanning open ports, mapping...
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Fighting AI Cybercrime with AI Security

Image On August 10th, the Pentagon introduced "Task Force Lima," a dedicated team working to bring Artificial Intelligence (AI) into the core of the U.S. defense system. The goal is to use AI to improve business operations, healthcare, military readiness, policy-making, and warfare. Earlier in August, the White House announced a...
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Guarding Against Fileless Malware: Types and Prevention

Image Fileless malware, true to its name, is malicious code that uses existing legitimate programs in a system for compromise. It operates directly in the Random Access Memory (RAM) without requiring any executable files in the hard drive. Differing from conventional malware, fileless attacks are stealthier in nature, falling under...
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2023 Business Email Compromise Statistics

Image In cybersecurity, knowledge is everything. From APT intelligence to zero-day vulnerabilities, relevant and timely information can be the difference between a thwarted attack and a total disaster. With Business Email Compromise (BEC) attacks at their zenith, there has never been a better time for a comprehensive BEC report. As...
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An Introduction to Cyber Threat Intelligence: Key Concepts and Principles

Image Cyber Threat Intelligence (CTI), or threat intelligence, is evidence-based knowledge established from current cyber threats, gathered from myriad sources to identify existing or potential attacks. Threat intelligence assists in identifying the motives, targets, and attack behaviors of a threat actor and implementing strong...
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Insider Risk Hits Closer to Home

Image If you’re busy securing the perimeter, mandating strong authentication practices, and restricting software downloads, you may be missing the mark. (Just to be clear: if you are doing those things, keep it up. You’re off to a good start, and none of what follows here replaces classic and vital cybersecurity measures.) ...
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Do you Work in a SOC Noise Factory?

Image Gabrielle is a security engineer. She deploys tools to scan for threats and vulnerabilities, read logs, and manage the security risks for her company, but is all that data really helping? Sometimes, it seems like she works in a noise factory instead of a SOC. The cacophony of all the log and event data and vulnerability scans...
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Beyond the firewall: How social engineers use psychology to compromise organizational cybersecurity

Image A Social engineering attack is the process of exploiting weaknesses in human psychology to manipulate and persuade others to perform in a way that is harmful. Prior to the digital age, criminals would carry out these attacks in person, in what was known as a confidence game.  The perpetrators were referred to a “con men”,...
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30 Ransomware Prevention Tips

Image Dealing with the aftermath of ransomware attacks is like Russian roulette. Submitting the ransom might seem like it’s the sole option for recovering locked data. Ransomware also continues to evolve as a threat category within the past year, with old names like REvil rearing their heads and new players like Black Basta emerging...
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Healthcare Supply Chain Attacks Raise Cyber Security Alarm

Image   The healthcare sector has become a popular target for cybercriminals and is one of the most targeted industries by cyber criminals. In 2022, 324 attacks were reported in the first half of the year. As bad actors continue to target the healthcare industry, cybersecurity experts and healthcare administrators should be aware...
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How to deal with cyberattacks this holiday season

Image The holiday season has arrived, and cyberattacks are expected to increase with the upcoming celebratory events. According to The Retail & Hospitality Information Sharing and Analysis Center (RH-ISAC) 2022 Holiday Season Threat Trends and summary report, ransomware and phishing attacks are expected to increase in retail. With the...
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New Canadian Cyberattack Data Says 80% of SMBs Are Vulnerable

Image If you were to take a look at the cybersecurity news cycle, you’d be forgiven for thinking that it’s only large enterprises with expansive customer bases and budgets that are the most vulnerable to attacks. But that’s not entirely true. Even if it’s at a much smaller scale, small- and medium-sized businesses (SMBs) still have...
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Defense and Development: Key points from The Complete Guide to Application Security for PCI-DSS

Image The increasing popularity of online payment systems results from the world’s gradual transition to a cashless and contactless digital economy — an economy, projected in a recent Huawei white paper, to be worth $23 trillion by 2025. With digital commerce emerging as the largest segment in the projected $8.49 trillion global...
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What Is the Role of Incident Response in ICS Security?

Image In recent years, cyber espionage has been growing in magnitude and complexity. One of the most common targets is Industrial Control Systems (ICS) within critical infrastructure sectors. With many organizations relying more heavily on ICS networks, there has been an increase in threats and cyberattacks aimed at these systems. Not...
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Verizon’s 2019 Payment Security Report – Not Just for PCI

If you are responsible for cybersecurity or data protection in your organization, stop what you are doing and read this report. Actually, first, go patch your servers and applications and then read this report. Much like Verizon’s Data Breach Investigations Report (DBIR), the Payment Security Report (PSR) is a must-read for security professionals. While it focuses on the PCI...
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How the CIS Controls Can Help You Achieve PCI DSS 3.2 Compliance

Image Compliance with version 3.2 of the Payment Card Industry Data Security Standard (PCI DSS) is a must for organizations that handle, process, transmit and store payment card data. But compliance isn’t always easy to establish or maintain. Indeed, there are certain challenges along the way that can make organizations’ compliance...