Cyber Security

  Organizations today are leaning towards GRC, which enables them to mitigate threats, maintain compliance and facilitate business/customer legalities. Furthermore, the boom in industry 4.0 technologies, such as AI, IoT, ML, etc., has opened new avenues of business opportunities and newly emerging cyber risks, which have become the primary driving force behind the increased industry-wide adoption of GRC.  Many organizations seek GRC Security for effective risk management and to gain a competitive advantage in a landscape of growing uncertainty. Many lack visibility in this complex network of increasingly connected processes, operational velocity, and volume of risks. Recent studies siloed risk and compliance management as the greatest barrier, according to 33% of organizations. Almost 70% of organizations demand more integrated processes and technologies to ensure GRC Strategies perform well under stress. While challenges organizations today face include broken processes,...

Application security services Mobile and internet penetration has grown manifold and is expected to rise further in the coming years. Application development has also kept pace with this change. Recent research points out an 83% year-on-year increase in mobile app downloads. But what cannot be overlooked is that cyber risk has also enhanced. With each passing day, companies realize the growing importance of  application security . As a result, the revenue from global application security is expected to grow at 13%, resulting in a market volume of US$3.82bn by 2027. And the most revenue shall be generated by the US, according to a recent study by Statista. Globally, senior leadership are more focused on rapid development and faster release cycles, which has led to the neglect of application security. The most important thing to be noted is that constant and growing cyber threats mean apps need to be secure.   In a recent bulletin report, the U.S. House of Representatives has de...

Healthcare organizations are gradually shifting focus more toward patient experience and well-being. But, thanks to digital transformation, the road ahead has been challenging. Already grappling with professional staff shortage, lack of access, and global financial downturn, recent digital breaches have posed a blow to the healthcare sector. The increasing reliance on AI, IoT, Big Data, and Cloud technologies makes healthcare more vulnerable to attacks. For example, 2022 has seen around 42 healthcare organizations impacted by ransomware in the US and a 5% year-on-year increase in cyber attacks. A vast majority of the US healthcare sector is privately owned and operated. Collaboration and information sharing between public and private entities make it essential to step up cyber resilience. One wrong move can result in cyber attacks whose consequences can be far-reaching. In addition to billions of dollars in lost revenue or payouts, it can directly threaten patient safety by shutting do...

Cyberattacks Impact Professional Services For a sector that makes up almost 14% of the US economy, professional services are subjected to a disproportionate rate of cyberattacks. Global cyberattacks increased by 28% in the third quarter of 2022 compared to the same period in 2021. Almost 25% of small businesses are targeted yearly. Yet, despite all this, security remains an afterthought. Professional services are critical players in the economy of any country. Moreover, millions of people rely on various services for their daily or need-based tasks: Legal services Logistics Accounting and bookkeeping Project management Digital Marketing Content marketing Event management Many businesses have customers and personnel dependent on Information Technology (IT) services. In case of any problem, while accessing resources, it tends to customer disappointment, inability to fulfil duties and goals and further complications. This would also mean painstaking efforts to troubleshoot and a waste o...

Just as we often decide whom to include or not in our conversations and social circles, many online users filter out unnecessary or unwanted elements from their daily digital transactions. However, privacy is a fundamental human right, and with the ever-changing industrial and social trends, current data protection laws have been overarched to digital aspects to guard that right. The general definition of Data privacy goes like this - “The ability of a person to determine for themselves when, how, and to what extent their personal information is to be shared or communicated and with whom. Personal identifiable information (PII) includes one’s name, location, contact information and real-world behaviour. The US at present houses three different comprehensive consumer privacy laws: California (CCPA and its amendment, CPRA), Virginia (VCDPA), and Colorado (ColoPA). Although data privacy is not a one-size-fits-all entity, many of its subsets are covered under regulatory frameworks such as ...

The ever-expanding digital footprint across industries is testimony to the growing relevance of cybersecurity on a global scale. Security platform consultation has grown more important than ever to make businesses thrive in hostile environments. A top-notch technology and business research firm recommend cybersecurity leaders strategize in a way that produces evolved - thinking, architecture, and participation to become cyber-ready. Gartner has predicted that more than 80% of businesses will adopt a unified approach combining web, cloud, and application services. Recent studies suggest cybersecurity is taking the front seat while hiring third-party vendors and business engagements. Gartner has identified seven different cybersecurity personas that have been conjured, taking into account typical roles, transferable capabilities, and knowledge and skills. These are namely: ●      Strategist - This persona provides advocacy and directions for cybersecurity efforts. ...

IAM solutions are specialized cybersecurity software that helps authenticate, authorize and grant specific access to daily end-point users, such as company employees. These solutions generally have a benchmark that enables a company or a user to evaluate its performance and quality. Consider the following before signing up for such solutions: Has the product been a good partner in doing business?  Has the product been a good partner in doing business?  How does the on-premises solution fare?  Tracking prowess   User provisioning Most offer an integrated solution that harnesses the power of the cloud to provide secure connections that organizations can leverage to provide services at a large scale and low cost. It allows employees and other end users to access any device while enforcing strong security policies. In addition, some of these solutions can be set up in just 15 minutes! As the ‘Work From Anywhere' model is gaining pace in the business circles, novel s...