by Rebeca | May 24, 2022 | cybersecurity, Resources, soffid
Knowing about government cybersecurity is vitally important. Because any government’s primary security challenge is data loss related to security breaches. Protecting sensitive data from being exfiltrated and falling into the wrong hands is a government’s responsibility to their people. This task is hard to accomplish because of the high number of user profiles and application systems.
For one thing, a typical company has a large workforce with a limited number of profiles. On the other hand, a government agency used to have more profiles than users. For government, cybersecurity isn’t only a challenge—it’s a big obstacle to long-awaited digital transformation.
Government entities struggle to hire cybersecurity professionals. Because the risk landscape is constantly changing. Furthermore, the amount of personal and sensitive data collected is increasing by the minute.
Increasingly sophisticated adversaries are using machine learning, automated intelligence, and other tools to exploit information. So how can government entities gain the upper hand? They must be innovative in protecting key assets and maintain a more sophisticated risk management strategy. And they must mature and expand their technology capabilities — including the latest in automation and analytics.
Biggest Cybersecurity Challenges in 2022
Because government agencies have data or other assets that malicious cyber actors want, they will often go to great lengths to get it.
Government organizations cannot afford the luxury of operating poor cybersecurity. Because they cannot put citizen data and potentially essential services at unacceptable levels of risk.
Malicious actors are also aware that government security teams are increasingly asked to “do more with less”. And that many agencies may face shrinking budgets and resources. Federal, state and local government agencies are also connected with a wide range of outside contractors and partners. One more reason why they can be subject to theft of user credentials and access to government networks.
Cyber risks are higher than ever and their impacts increasingly severe – every organisation needs to take steps to respond accordingly.”
Paul Kallenbach
Even the most sophisticated solutions may not be able to eliminate all vulnerabilities, but they can stymy many threats and help protect against the worst outcomes.
The biggest cybersecurity challenges in 2022 are:
- Increase in Cyberattacks
- Supply Chain Attacks Are on the Rise
- The Cyber Pandemic Continues
- Cloud Services Are A Primary Target
- Ransomware Attacks Are on the Rise
- Mobile Devices Introduce New Security Risks
See how Soffid can help you stay ahead of the curve in a rapidly evolving digital world. Let’s talk!
Sources:
(1) Forbes
(2) KPMG
(3) Mckinsey
(4) Deloitte
by Rebeca | May 11, 2022 | cybersecurity
We will participate in the most recent Gartner Identity & Access Management Summit . Year after year, identity is the most commonly exploited attack vector used by adversaries in cyberspace. On the enterprise side, compromised identities have been used to steal money and data. And in some cases, launch ransomware attacks that cripple organizations and disrupt operations.
And on the consumer side, identity theft has been skyrocketing. Additionally the Federal Trade Commission (FTC) reported that identity theft associated with government benefits alone increased in 2020. When it comes to improving cybersecurity, more robust Identity and Access Management (IAM) solutions have become the top priority.
This week our team will be attending the Gartner Identity & Access Management Summit at London. We want to share with you the latest insights on governance and identity management, security & privacy.
This event is on our agenda for a full update. Especially about Privileged Access Management (PAM), IAM programs and strategy, single sign-on, multi-factor authentication (MFA), passwordless methods. In addition to other topics of equal importance.
Our Identity Governance and Administration services take the guesswork and friction out of comprehensive identity management. Working within your existing framework, we offer a way to secure all digital identities. Whether they are human or non-human, we try to ensure a smooth user experience for you.
Today’s hybrid IT environments can make it challenging to enforce consistent identity governance and administration (IGA) policies across the enterprise. Consequently, solutions from Soffid enable a risk-aware, extensible IAM governance across on-premises and hybrid cloud environments.
Have a look to the agenda, and join us, we will be there from Thursday to Friday!
by Rebeca | May 5, 2022 | cybersecurity, soffid
Sooner or later every consumer ends up making online payments. Traditionally it was the banks that dominated the entire global payments industry. But as more fintech players and large technology firms join the industry, consumers now have more payment choices. But now consumers have more payment options, thanks to more fintech players and big tech companies joining the industry.
High public awareness of potential risks and threats associated with digital payment facilita la generación de informes de tales amenazas. Fraudsters are on the lookout for vulnerabilities they can use to access systems and steal data. Yet shoppers still need to be able to complete transactions using their preferred payment method and enjoy an efficient and frictionless experience when they pay.
To protect their customers and their businesses while still delivering a great checkout experience, merchants need to understand the best security practices online when accepting credit card payments and alternative payment methods.
Online payment security can be considered as providing rules, regulations, and security measures to protect customers’ privacy, data, and the money involved. In this digital era, every business, company needs to look out for every hazard, every problem that can be faced through cyber attacks, as it can occur as quickly as clicking on an email link.
What makes the industry attractive to cybercriminals is the slim chance of recovery due to the complexities involved behind a payment transaction, especially for cross-border transactions where no single regulatory body controls them.
Why do online payments need to be secure?
If a site gives a sense of poor security customers may fail to complete their payment – in fact – 58% of customers blame a failure to complete a payment on security concerns. Secure payments are therefore a key factor in improving buyer confidence and trust and increasing your conversion rate.
There are also certain compliance requirements you need to comply with to take online payments. So that you can make sure you and your customers are fully protected.
Use a trusted payments provider
You can take payments through a provider with a trusted name like PayPal or with FCA authorisation like GoCardless. Customers will then give their payment details over the provider’s secure site so you will never touch sensitive financial information. Using a trusted provider can also help customers feel more secure in handing over their personal data.
See how Soffid can help you stay ahead of the curve in a rapidly evolving digital world. Share your requirements and a representative will follow up to discuss how Soffid can help secure your organization.
Sources:
(1) Forbes
(2) gocardless
(3) Security Magazine
Picture: jannoon028 – www.freepik.es
by Rebeca | Apr 27, 2022 | cybersecurity, Resources, soffid
Security risk assessments are an important tool in your organization’s arsenal against cyber threats. Because they highlight areas of risk in your digital ecosystem. As well as informing and prioritizing mitigation strategies, and ensuring that hard-earned resources are allocated where they are needed most. Assessments can also help you assess your third parties to mitigate the very real possibility of them introducing unwanted risk to your organization.
Evaluating security risk is important for all companies. Most businesses carry sensitive information, ranging from employee data to customer details, this can be vital information to keep private. As a result evaluation prevents data loss. In addition to protecting the confidentiality of all parties involved and the assets of the company.
To successfully perform a vendor or internal security risk assessment, you need to combine automation with multiple tools. Which are based on data that provides a continuous and accurate picture of cybersecurity risk both internally and throughout your third-party ecosystem.
What is Security Risk Assessment?
The applications used in a company are the most exposed to security problems. Therefore, they must be studied and evaluated. Especially all those applications integrated in technologies and processes. By learning about these systems, companies can assess the risk that accompanies them. And use it to your advantage when looking for security information.
When the company maintains a high level of security, it is protected. Especially confidential information belonging to employees, companies, customers and partners. With these precautions, the risks of cyberattacks and data loss are avoided.
Despite the best efforts of your security teams, risk mitigation and remediation are often incomplete. Typically, this happens because you have an incomplete view of safety performance. Many organizations don’t have a clear idea of what systems, devices, and users are on their networks. This is why they do not have a way to efficiently identify, measure and monitor their risk profiles.
The digital transformation exacerbates the problem. As your organization’s digital footprint grows, identify vulnerable systems and assets. Identifying on-premises, cloud, and cross-business-unit facilities, geographies, remote locations, and third parties is not easy.
Security Risk Assessment Tools
Security risk assessment tools can range from physical security and ways to protect on-site data servers or digital tools such as network or server protection. To protect the data that may be compromised,backup processes. In addition to firewalls, antivirus programs.
See how Soffid can help you stay ahead of the curve in a rapidly evolving digital world. Share your requirements and a representative will follow up to discuss how Soffid can help secure your organization.
Sources:
(1) techfunnel.com
(2) IT Security
by Rebeca | Apr 13, 2022 | Customer, cybersecurity
Cyberattacks against the retail industry are an ongoing concern. There are a number of factors that make retail systems attractive targets for hackers. Fortunately, there are also effective safeguards against these attacks.
In an industry that has traditionally only seen crime in the form of shoplifting, online retail has become a favourite target among cyber criminals and has been one of the most attacked sectors this year.
Customer information has been perhaps the biggest target, including both details from card payments and general personal information. Retailers have access to a wealth of sensitive data about their customers, who use often-repeated login details for their accounts.
As businesses increase their use of cloud computing and third-party vendors, supply chains have also become a common attack surface full of vulnerable touchpoints, particularly as retailers can’t always guarantee that their suppliers have robust cyber security in please, or even take security as seriously.
Website attacks
Attacks on retail industry websites were notably higher than all other industries last year, and were characterized by more sporadic peaks in attacks.
Common website functionality like chatbots, payment services and web analytics are enabled by third-party JavaScript that executes on the client side. The functionality is a necessity for eCommerce, but is increasingly vulnerable to attack. Since many of the services operate outside of the security team’s control, it’s a blindspot for organizations and a potential fraud risk for consumers.
Scaling up quickly
In order to keep pace with consumer demand for buying online and, in some cases, to save businesses whose physical stores have suffered during the pandemic, many online shops opened or scaled up quickly. In many cases, this means they have not been implementing comprehensive cybersecurity solutions along the way. This fast scale-up or establishing of online presence also means that many retailers are relying on outside vendors for services like payment processing, shopping cart functions and other features. This makes retailers–and in turn their customers–vulnerable to supply chain attacks, when bad actors gain access to a service provider, then use that to target its subscribers and clients either directly or indirectly.
Retail Cybersecurity Statistics
Retailers have always been attractive targets for cyber attackers and data thieves. But now, cybersecurity issues in retail have become an even bigger concern. Consider these recent retail cybersecurity statistics:
- 24% of cyberattacks targeted retailers, more than any other industry (Trustwave)
- 34% of retailers said cybersecurity worries were their primary hindrance in moving to e-commerce (BDO)
- 34% also said that cyber attacks or privacy breaches were their most serious digital threat (BDO)
- Financial motives drove cyber attackers in 99% of retail cyber attacks (Verizon 2020)
- When data is compromised in an attack, 42% is payment information and 41% is personally identifiable data (Verizon 2020)
Common website functionality like chatbots, payment services and web analytics are enabled by third-party JavaScript that executes on the client side. The functionality is a necessity for eCommerce, but is increasingly vulnerable to attack. Since many of the services operate outside of the security team’s control, it’s a potential fraud risk for consumers.
See how Soffid can help you stay ahead of the curve in a rapidly evolving digital world, shall we talk?
Sources:
(1) helpnetsecurity.com
(2) ITPro
(3) Forbes
(4) finextra
Picture: Foto de mano con dinero creado por rawpixel.com – www.freepik.es
