Even the Financial Sector is Under Cyber-Attack

Would you leave your house unlocked when you are going out?

How many times have you had to go back inside to check if you turned off the oven or the iron even though you already checked it?

It is the responsibility of all businesses to protect their customers and in order to do it, they need to be aware of the threats they are facing and how to stop them.This article will cover the top 3 most common cyber attacks online businesses are facing.

This is a form of social engineering attack in which a cyber criminal pretends to be a trusted contact and by doing so they trick the user into handing over valuable and sensitive information.

That could be account or credit card details, credentials, some intellectual property, or anything else they might need.Did you know that 91% of attacks launch with a phishing email?

Who would’ve questioned an email that looks like it has been sent by your bank or by your CEO?Social engineering attacks explain how easy it is actually to exploit human psychology and why everyone needs to be aware of all the risks they might encounter in their businesses.

Healthcare facilities were some of the most vulnerable cybersecurity targets in 2020.

Even before the pandemic tested the healthcare systems around the globe to their limits, a 2019 report predicted that the ransomware attacks would grow four-fold between 2017 and 2020, and the industry will most likely pay $65 billion on cybersecurity between 2017 and 2021.

Cybersecurity might not be the top priority when these devices are being designed (even if they are network connected), so their firmware level protection is usually rudimentary.

And with several different device vendors and firmware updates, there are a lot of entryways for hackers.Even if a healthcare facility has a fantastic cybersecurity team/system in place, the workers and doctors are rarely trained to adopt good cybersecurity habits.

Medical training and specialized courses (from nurses to heads of departments, because they all have access to precious medical data) are usually prioritized over security training, so the access of medical personnel often becomes a weak link.There is a severe shortage of cybersecurity professionals with healthcare-relevant training and expertise.

According to a 2020 report, it takes 70% more time to find the right cyber security professional for a healthcare facility than to find someone for other IT jobs.COVID triggered an expedited conversion to the cloud and remote work, especially in the healthcare system.

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From DeFi Network, Crypto Hackers Stole More Than $600 Million.

This is the biggest hack ever in the decentralized finance or DeFi space till now.

Poly Network is a platform that allows users to exchange crypto tokens and has shown that heaps of buyers have been affected by this modern crypto theft.

Effective and most widely spread way to swipe digital currency from people by making them give out their access.

Hackers make it possible by using the replica of authentic websites and genuine people who want to exchange cryptocurrency.

When it comes to crypto hacks, Malware infections are still one of the elementary methods.

Cyber resilience is the ability of an IT system to meet service level agreements, even when under attack.

Cyber resilient organizations act quickly and decisively in the face of cyberattacks by using threat intelligence to minimize any downtime or damage that results from a breach.

The vital role that cybersecurity plays in protecting our privacy, rights, freedoms, and everything up to and including our physical safety will be more prominent than ever during 2020.

More and more of our vital infrastructure is coming online and vulnerable to digital attacks, data breaches involving the leak of personal information are becoming more frequent and bigger, and there’s an increasing awareness of political interference and state-sanctioned cyberattacks.

The importance of cybersecurity is undoubtedly a growing matter of public concern.We put our faith in technology to solve many of the problems we are facing, both on a global and personal scale.

From smartphones and AI personal assistants to space travel, curing cancer, and tackling climate change.

But as the world becomes increasingly connected, the opportunities for bad guys to take advantage for profit or political ends inevitably increases.

Here’s what will be top of the agenda when it comes to cybersecurity trends in year 2020

In this Digital world, the Cybersecurity is becoming an important part to prevent Data Loss, Cyberattacks, Phishing Attacks and Password Theft.

Curious about what is Cybersecurity, what is its Meaning, Types and Importance?

Then read here all about Cybersecurity things here, explained by the best IT company of Houston - ITsGuru.

Digitization and growing use of technology has led to a massive spike in cybercrimes and cybersecurity threats.

The digital world has witnessed a rise in information sensitive data breach through ill-legal cybercrimes like Phishing attacks.Click here to continue reading.

What is cybersecurity and why do you need it?Cybersecurity is an asset used by organizations and businesses such as Market Research firms to keep their data and information confidential and secure.

With a number of threats posing on every industry and with the increase in the number of hackers and unethical accessors, it has been an imperative step to take for everyone in the market.The sensitivity of the information that is on stake is more than the people being affected by such threats.

When technology and digital adoption were not that sharp and in demand with industries, at that time as per a major credit monitoring company in the United States, hackers had stolen the personal details of over 143 million US citizens.

Cyber Security as a necessary asset in Market Research firmsMarket Research firms are businesses that deal only with data and information and such companies whose ethics are dealt with data surely need cybersecurity as their weapon.In the recent past, the number of global cyber attacks went up by 24,000 ranging from thefts to hacking targeting more sensitive data day after day.To keep data and information integral and shield oneself from the snatchers and hackers, every organization is now getting its hands-on cybersecurity.

With this, the demand for cybersecurity is increasing year after year resulting in the increment of the cybersecurity market.There are, however, certain trends that drive the market forward.

Security automation and orchestration are such tools that reduce human errors and offer a more processed form of security and control over the data.The growth of cyber attacks are being more professional and at great levels of smartness which are making companies, especially market research firms to tackle their data, keep it confidential, secure, and use cybersecurity as a shielding weapon.If the market is to be talked of then research by Bain & Company shows that 93% of the executives agreed on paying 22% more on the devices which were better in security measures.

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Either you want us to manage your website or you are hung up with some cyberattacks, we offer services under your budget.