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- Where to find Banking and Financial Services Software - by Submitted on Jul 17, 2012 from alan wulzOracle also use Industry Model Banks and other financial institutions are no exception to the mushrooming and burgeoning of software use in the age of the computer. Of course banks have been using computers to record their transactions for decades, way before the arrival of the World Wide Web, ...
Views: 1077 - 5 Best Practices for Successful Cyber Security Outsourcing - by Submitted on Oct 06, 2017 from Michael PetersBy following these best practices, organizations can enjoy the benefits of outsourcing their enterprise cyber security, minimize the risks, and build fruitful, long-term relationships with trusted providers. With the cyber security skills gap making it extremely difficult or even impossible ...
Views: 1076 - Equity vs Gold: Which is safe to bet on in a volatile market - by Submitted on Jul 30, 2020 from Pranav SharmaWith no signs of slowing down of the coronavirus epidemic at the moment, investors have begun to worry about diminishing investment options in such a period of market volatility. Acquiring gold as an asset still retains a distinct attraction in India. Sophisticated complex the dynamics equation ...
Views: 1072 - 5 Tips for Keeping Your Ecommerce Store Secure Over the Holidays - by Submitted on Apr 18, 2017 from Michael PetersOnline shopping is booming, but customers will shun ecommerce if they do not feel their data is secure. Just as “Video Killed the Radio Star,” ecommerce is making shopping malls go the way of the horse and buggy. In 2016, consumers reported making 51% of their purchases online, up from 48% in ...
Views: 1071 - The Yahoo Breach and M&A Due Diligence - by Submitted on Apr 18, 2017 from Michael PetersThe Yahoo hack demonstrates that cyber security has become a fundamental part of M&A transactions. Data breaches and a failure to comply with governmental and industry standards can impact a company in many ways, as Yahoo is finding out the hard way. The company’s recent disclosure of a ...
Views: 1071 - New Regulations Driving Changes to Data Management - by Submitted on May 12, 2012 from Graz Sweden ABPressure to comply with regulation has always been one of the main drivers of changes in how financial services institutions manage data. And new regulations such as the Dodd-Frank Act, Solvency II, UCITS IV, Basel III, MIFID II and FATCA are proving to do just that. Irrespective of the size of ...
Views: 1070 - Hackers’ Next Target: Smart Toys - by Submitted on Apr 18, 2017 from Michael PetersCyber criminals don’t care who they hurt. This was made obvious during the rash of ransomware attacks on healthcare facilities this year, where hackers locked down electronic health records systems, putting patients at grave risk. There is great concern that the proliferation of Internet of ...
Views: 1069 - Marriott Starwood Breach Spotlights Multiple Cyber Security Issues - by Submitted on Dec 12, 2018 from Michael PetersThe Marriott Starwood breach, which exposed the personal data of 500 million guests, was not the largest data breach in terms of size; Yahoo still holds that dubious honor. However, because of the nature of the data stolen, it has the potential for a very long reach and highlights multiple cyber ...
Views: 1068 - Now It's Getting Personal: The FCA and Personal Conduct Authority Compliance Evidence Requirements - by Submitted on Jul 30, 2014 from Lee WerrellNow It's Getting Personal: The FCA and Personal Conduct Authority Compliance Evidence Requirements In UK Financial Services regulatory tumult, 2013 was obviously a tipping point with the UK regulator the Financial Conduct Authority (FCA), because the first time it pursued more civil and ...
Views: 1065 - Things that make your business high-risk - by Submitted on Mar 05, 2013 from kuza biasharaLet’s face it. Only 10 out of 20 manage to stay in business and fewer manage to rake in profits. Why? Because in all probabilities they launched businesses for all the wrong reasons. Perhaps they had to encounter a number of risks in business, but lacked the art of business risk management and ...
Views: 1065 - Best Practices for Complying with Data Privacy Laws - by Submitted on Nov 23, 2018 from Michael PetersAs California goes, so does the rest of the country. While the California Consumer Privacy Act (CCPA), which was passed this summer and goes into effect in 2020, falls short of being an “American GDPR,” it clearly tore many pages from the far-reaching European data privacy law. Similar to the ...
Views: 1064 - Essentials You Need to be Aware of to Become a Certified Fraud Examiner - by Submitted on Jul 06, 2020 from Lilu SahooThe world of business and accounting needs the help of trustworthy and reliable professionals who can help make your business or company completely safe and fraud-free. This is where the responsibility of a Certified Fraud Examiner comes into play. True to its name, this examiner is specifically ...
Views: 1064 - Understanding the DMARC Email Security Protocol - by Submitted on Jul 01, 2018 from Michael PetersU.S. federal government agencies are required to use the email security protocol DMARC to prevent email spoofing, but the overwhelming majority of federal contractors either don’t have it installed or don’t have it set up properly. NextGov reports: Among the top 98 government contractors by ...
Views: 1064 - william russell can give you can give you medical insurance advice. - by Submitted on Aug 22, 2012 from Rodney JamesWe all want a high-paying job. Some work for it. Some think they deserve it, while others think they are entitled to it. Whatever the case, there are some jobs in Asia that wouldn’t have been first into your mind. And there are some that you wouldn’t even have thought of. One of the ...
Views: 1064 - Doxware Takes Ransomware to the Next Level - by Submitted on Apr 06, 2017 from Michael PetersDoxware Leaks Your Private Data if You Don’t Pay the Ransom Ransomware began grabbing headlines about a year ago, after Hollywood Presbyterian Medical Center paid hackers thousands of dollars in ransom after it got locked out of its systems. This large payday apparently encouraged hackers to ...
Views: 1062 - DFARS Compliance Deadline Approaching for DoD Contractors - by Submitted on Aug 04, 2017 from Michael PetersDepartment of Defense contractors and their subcontractors have until December 31 to obtain DFARS compliance Third-party data breaches are a serious problem, especially when highly sensitive data is involved – and our nation’s infrastructure, including our defense systems, are built and ...
Views: 1054 - FISMA, FedRAMP, and NIST: Federal Compliance Demystified - by Submitted on Oct 19, 2017 from Michael PetersFISMA, FedRAMP, NIST, DFARS, CJIS, HIPAA … Government compliance standards can seem like a veritable alphabet soup. Making matters even worse, a lot of them overlap, and many organizations aren’t certain which standards they need to comply with. Even if your organization does not currently ...
Views: 1053 - Employees Are Biggest Threat to Healthcare Data Security - by Submitted on Mar 15, 2018 from Michael PetersHealthcare data security is under attack from the inside. While insider threats — due to employee error, carelessness, or malicious intent — are a problem in every industry, they are a particular pox on healthcare data security. Two recent reports illustrate the gravity of the ...
Views: 1043 - Things to consider when returning to work post COVID-19 - by Submitted on Jul 29, 2020 from Peter WatsonThe ongoing COVID-19 pandemic has drastically impacted the way in which the majority of businesses function and many have chosen, or been forced, to work remotely to ensure the safety of staff and customers. However, with the UK lockdown restrictions easing and the majority of businesses ...
Views: 1043 - Understanding & Preventing Advanced Persistent Threats (APTs) - by Submitted on Nov 29, 2018 from Michael PetersA guide to advanced persistent threats (APTs), a highly sophisticated, highly destructive form of cyber attack. What is an Advanced Persistent Threat (APT)? “Advanced persistent threat” is a broad term used to describe a cyber attack where hackers covertly gain access to a system and ...
Views: 1040 - Cyber Cooperation Is Crucial in the Era of NotPetya - by Submitted on Jul 08, 2017 from Michael PetersThe NotPetya attacks weren’t as bad as WannaCry; they were worse, and we all need to start cooperating to prevent the next attack. It’s looking more and more like last week’s NotPetya malware attacks, which infected computers around the world but hit Ukraine particularly hard, were designed ...
Views: 1039 - The 6 Most Common Cyber Security Mistakes Your Employees Are Making - by Submitted on Jan 02, 2019 from Michael PetersWith an estimated 90% of cyber attacks caused by human error or behavior, it’s important to understand the most common cyber security mistakes your employees are probably making and know how to mitigate them. Becoming victims of phishing schemes Stolen login credentials are the most common ...
Views: 1038 - How to Be Safe From Your Electric Generator - by Submitted on May 08, 2012 from Max StabfordThere is a lot of debate in engineering circles about who invented the electric generator and when. The prevailing theory is that Michael Faraday invented it in 1831. However, there are some who believe an Italian physicist named Aloisio Galvani conceived of it 41 years prior. Be that as it ...
Views: 1035 - Cyber Security Best Practices When Using Public WiFi Networks - by Submitted on Aug 17, 2018 from Michael PetersOnce a luxury item, free public WiFi has morphed into a standard service that consumers expect when patronizing everything from restaurants and retail stores to airports and hotels. Free WiFi users aren’t just checking Facebook or posting vacation photos to Instagram, either; all of us have sat ...
Views: 1031 - SCADA Security of Deep Concern as Cyber Attacks Against Government Escalate - by Submitted on Apr 19, 2017 from Michael Peters“ClearEnergy” May Have Been Fake News, But Threats Against ICS / SCADA Security Are Quite Real Accusations of “fake news” rocked the cyber security industry last week after infosec provider CRITIFENCE implied that it had detected a brand-new “in the wild” ransomware variant called ClearEnergy ...
Views: 1031 - Business Continuity Management - Part2 - by Submitted on Jul 03, 2017 from Spiros TsaltasBusiness Continuity Management is a topic that should be of concern to any organization, whether non-profit or for profit, whether small or large, whether a startup or a well- established and mature business; it is basically an integral component to your Crisis and Risk Management planned ...
Views: 1025 - Managing the Cost of Solvency II Implementation - by Submitted on Apr 18, 2012 from Graz Sweden ABJust how expensive is Solvency II? Well, if the UK’s Financial Services Authority (FSA) is to be believed, the anticipated cost of new technology and external consultants necessary for compliance is likely to exceed US $3 billion. This is a substantial expense for many European insurance firms ...
Views: 1025 - Why your cloud business needs FedRAMP certification - by Submitted on Dec 27, 2018 from Michael PetersThe Federal Risk and Authorization Management Program, or FedRAMP, was designed to support the federal government’s “cloud-first” initiative by making it easier for federal agencies to contract with vendors that provide SaaS solutions and other cloud services. Unlike FISMA, which requires ...
Views: 1025 - HBO Hacks Indicate a Company in Cyber Security Crisis - by Submitted on Aug 26, 2017 from Michael PetersHacks in the City: Latest in String of Attacks at HBO Targets Company’s Social Media Accounts HBO has had a rough summer, and things are getting progressively worse for the cable titan. The HBO hacks began in late June, when an individual hacker or group calling themselves “Mr. Smith” dumped ...
Views: 1022 - Crypto-Mining Malware May Be a Bigger Threat than Ransomware - by Submitted on Feb 07, 2018 from Michael PetersCryptocurrencies such as Bitcoin and Ethereum have gone mainstream; it seems like everybody and their brother is looking to buy some crypto and get their piece of the digital currency gold rush. Hackers want a piece of it, too. In addition to hacking ICO’s and cryptocurrency exchanges, they’re ...
Views: 1020 - Enterprise Risk Management in the Banking Industry - by Submitted on Jan 29, 2012 from daxen stewartAfter the financial collapse in 2008 that was marked by the demise of some of the oldest financial firms in the banking industry, enterprise risk management has become a regulatory concern as well as a business concern. Assuring that the institutions which form the backbone of the country's ...
Views: 1019 - Northwest Territorial Mint Scandal: Investors Had Fair Warning on This Blowup As Well - by Submitted on May 24, 2016 from Christina GonzalezOriginally posted on Money Metals Exchange The news unfortunately just keeps getting worse for customers and creditors of Northwest Territorial Mint. The prominent bullion dealer located near Seattle, Washington filed for bankruptcy court protection at the end of March. The losses of ...
Views: 1016 - Best Practices for Achieving PCI DSS Compliance - by Submitted on Sep 27, 2018 from Michael PetersPCI DSS compliance is mandatory for any organization that accepts or processes payment cards, yet shockingly, a recent study by SecurityScorecard found that over 90% of U.S. retailers fail to meet four or more PCI DSS requirements. Compliance with PCI DSS is not something to be taken lightly. ...
Views: 1015 - Six Cyber Security Best Practices for People and Businesses - by Submitted on Sep 20, 2017 from Michael PetersHacks do not happen in a vacuum; if one computer on a network is compromised, all machines on that network are at risk. For this reason, both enterprises and individuals have a responsibility to implement cyber security best practices – and this does not mean installing anti-virus software and a ...
Views: 1014 - Cyber Risk Management Lessons Companies Need to Learn Right Now - by Submitted on Oct 11, 2017 from Michael PetersDon’t want your company to be the next Yahoo, Equifax, Deloitte, or SEC? Don’t ignore cyber risk management. October is National Cyber Security Awareness Month in the U.S., which is quite fitting right now, being as barely a day is going by without yet another disclosure of a massive hack, ...
Views: 1003 - What Is Ransomware-as-a-Service? Understanding RaaS - by Submitted on Feb 07, 2019 from Michael PetersRansomware isn’t a new threat. It first rose to prominence back in 2016, when Hollywood Presbyterian Medical Center shelled out $17,000 in bitcoin after an attack took the hospital offline. Since then, ransomware has only become more popular, especially for hackers targeting the healthcare ...
Views: 1003 - Who Takes the Fall When a Company Gets Hacked? - by Submitted on Apr 21, 2017 from Michael PetersYahoo is trying to pass the buck, but data breach responsibility starts at the top. Who should be held responsible when a company’s systems get breached? Historically, the CIO, the CISO, or both have shouldered the lion’s share of data breach responsibility; well over half of security ...
Views: 1003 - 6 Reasons to Stop Using Spreadsheets for GRC - by Submitted on May 24, 2018 from Michael PetersDespite the availability of modern GRC software, many organizations still use spreadsheets to conduct IT compliance audits and other GRC activities. While spreadsheets are highly useful for many business functions, especially accounting, they are not GRC tools. Depending on spreadsheets to ...
Views: 1002 - 3 Cyber Security Lessons from the SWIFT Network Attacks - by Submitted on Apr 14, 2017 from Michael PetersOver several months last year, an international group of cyber bank robbers, possibly funded by the North Korean government, stole nearly $100 million, threw the integrity of a decades-old banking industry messaging system into question, and remained at large. Sound like the plot of the latest ...
Views: 1001 - Why Do Schools Keep Getting Hacked? - by Submitted on Apr 19, 2017 from Michael PetersK-12 schools, colleges, and universities are attractive targets for hackers. Their networks contain an enormous amount of identifying information on staff members, students, and students’ families, including names, birth dates, addresses, Social Security numbers, and even health records. ...
Views: 1001 - Phishing for Dollars: Email Scams Costing Companies Billions - by Submitted on May 10, 2017 from Michael PetersWhy Your Employees Keep Clicking on Phishing Emails, and How You Can Stop It The 2017 Verizon Data Breach Report is out, and it’s full of great news – if you’re a hacker. The study, which examined over 1,900 breaches and more than 42,000 attempts in 84 countries, showed that cyberespionage ...
Views: 998 - Solvency II and its Effect on the Enterprise Risk Engine and Data warehouse - by Submitted on Mar 21, 2012 from Graz Sweden ABA strenuous regulation Regulatory compliance costs money and may disruptively alter the business environment. Recent statements from a senior official of the United Kingdom’s financial services regulator and from the chief executive of the UK’s largest insurer gave impetus to this assertion – ...
Views: 995 - Protect Yourself From Phony Reverse Phone Number Searches - by Submitted on Apr 10, 2012 from Zeus SmithThe Dangers of Reverse Phone Number Lookups Harassment and bullying is an increasingly large problem across the United States, but how are you supposed to bring crank callers to justice if they are calling from an unfamiliar number? Fortunately, you can execute a Reverse Phone Number Search, in ...
Views: 993 - Smart Toys Put Children and Parents at Risk of Data Breaches - by Submitted on Apr 06, 2017 from Michael PetersInternet-connected smart toys, a popular holiday gift item, have vulnerabilities that put both children and parents at risk of data breaches and identity theft. Smart toys, which connect to the internet and offer children a personalized, interactive play experience, were a very popular gift ...
Views: 993 - SEC Cyber Enforcement Action Cites Lack of Internal Controls - by Submitted on Oct 31, 2018 from Michael PetersDes Moines-based Voya Financial Advisors (VFA) has agreed to pay the U.S. Securities and Exchange Commission a $1 million penalty in the wake of an April 2016 breach that affected several thousand VFA customers. The SEC cyber enforcement action charged VFA with not having sufficient written ...
Views: 989 - 5 Things to Know About Email Marketing and the GDPR - by Submitted on May 10, 2018 from Michael PetersEmail marketing is big business. MarTech Advisor reports that it is the best-performing channel for a company’s ROI, and 61% of consumers prefer to receive offers via email, as opposed to only 5% who prefer social media offers. However, many organizations are concerned about how the GDPR, the ...
Views: 988 - Mirai Botnet Attacks Likely Pulled Off By Bored Teenagers - by Submitted on Apr 18, 2017 from Michael PetersThe Mirai botnet DDoS attacks were the largest on record – and they were likely masterminded by teenagers. In October, a massive DDoS attack on the Dyn DNS “Managed DNS” infrastructure brought down a number of major websites, including PayPal, Twitter, Amazon, Netflix, and Spotify. The attack ...
Views: 987 - What Asbestos Taught Us About Managing Risk - by Submitted on Dec 02, 2020 from Caitlin PurvisThe UK’s asbestos industry ended on 24th August 1999 after being used heavily from the 1950s to 80s. Over 20 years on, we’re starting to see the delayed latency period taking effect as asbestos deaths have peaked over the last year or so. Asbestos was unknowingly dangerous to public health. ...
Views: 987 - Make These Cyber Security Resolutions for 2018 - by Submitted on Dec 28, 2017 from Michael PetersNow that the year is coming to an end, all eyes are on what’s possibly around the corner. More attacks on cryptocurrencies? An escalation in attacks by state-sponsored cyber criminals? Chaos as the EU’s GDPR is implemented? In cyber security, only one thing is certain: It’s a continuous game of ...
Views: 982 - Tax Phishing Scams Are Back: Here Are 3 to Watch Out For - by Submitted on Mar 07, 2018 from Michael PetersTax season is stressful enough without having to worry about becoming the victim of a cyber crime. Here are three different tax phishing scams targeting employers, individuals, and even tax preparers that are currently making the rounds. Employers: W-2 Phishing Emails The W-2 phishing ...
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