por Rebeca | Oct 24, 2022 | Ciberseguridad
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
por Rebeca | Oct 23, 2022 | Sin Categoria
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
por Rebeca | Oct 23, 2022 | Ciberseguridad
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.
Gartner Identity & Access Management Summit at London
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.
It is important to stay current because regulatory provisions will require organizations that provide consumer privacy rights. D
Have a look to the agenda, and join us, we will be there from Thursday to Friday!
por Rebeca | Oct 22, 2022 | Ciberseguridad, 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
por Rebeca | Oct 6, 2022 | Ciberseguridad, Noticias, Recursos, Soffid
Nowadays, Chief Information Officer are focusing on business outcomes, agility, and improving customer experience through technology. While at the same, streamlining backend operations with automation is becoming one of the primary focus areas of technology leaders.
Despite this pressing need for digitization in the organization, around 79% of them are still in the early stages of technology transformation, according to Mckinsey. It is due to critical issues related to legacy system barriers such as integration, security, etc., in today’s landscape. So, there is a need to create an environment to provide holistic accessibility to emerging technologies.
Challenges faced by Chief Information Officer
The top challenges faced by Chief Information Officer in 2022 are as follows:
1-Digital Transformation has been evolving slowly.
45% of executives don’t think their company has the right technology to implement a digital transformation. But COVID-19 has forced many organizations to re-examine the pace of their digital transformation initiatives. 35% of companies view digital technology as disruptive to their business model.
2-As data becomes more distributed, integrating a large volume of data from different sources in disparate formats on the legacy system is a roadblock.
97% of organizations planning to undertake digital transformation initiatives. But integration challenges hinder efforts for 84% of organizations. So, the CIOs priority in 2021 is how to extract powerful insights by removing the barriers around the data. At the same time they must be accessible.
3-Over the last few years, there has been a massive growth and adoption of new technologies, across the businesses.
Such as AI/ML, data science, etc. As a result, there is a shortage of required skillsets in an organization. According to Forrester, while 75% of businesses have a digital strategy, only 16% claim to have the skills to deliver it.
4-Legacy systems are unable to keep up with business demands.
One reason is skyrocketing data growth and the inability to manage multiple data formats on legacy storage platforms. So, CIOs must make a considered choice for modern data platforms that allows integrating multiple datasets from a variety of sources and create a single view of the data.
5-Manual processes and workflows are no longer feasible for many organizations.
Automation initiatives that used to put on the back burner are now quickly spun up. Chief Information Officer need to start thinking of automation as a liberator of their people. Since it works as an executioner freeing the employee from repetitive tasks to focus on more productive tasks.
6-As CIOs are constantly addressing new and developing business challenges, there is a need to adopt emerging technologies such as AI/ML and IoT to compete and stay ahead of the evolutionary curve.
As we enter 2021, we must look beyond the latest trends and develop a mindset that enables them to identify a problem that is looking for an answer.
7-Fostering innovation is one of the priorities of CIOs today.
But keeping up with the business demand with existing resources has become a challenge. For CIOs to keep up with business demands, new technologies and processes need to be implemented. Innovation can’t happen if there is a massive backlog of business requests in an organization.
8-Addressing Evolving Security Threats.
As technology advances so too do the methods of exploiting it for nefarious reasons. Hackers have existed if tech has existed, but in recent years their tactics have evolved and show no sign of slowing. In 2021 two of the biggest security challenges CTOs will face are phishing and ransomware. Although phishing is not a new hacking tactic, how it is carried out has evolved. Scammers now use SMS and phone calls to impersonate reputable sources and trick consumers into divulging sensitive information. To combat this, IT leaders must re-think their credential management and foster a strong sense of security awareness across their organization.
9-Increased Investment in Edge Computing.
Data growth outside of the data center is a new reality for most organizations. These days enormous quantities of data are being generated from remote branches, mobile devices, and IoT smart devices. By 2025, Gartner1 estimates that 75% of enterprise data will be generated and utilized outside of the data center. The need to deploy computing power and storage capabilities at the network’s edge will pose a great challenge to CTOs & CIOs in 2021 and beyond.
10-Maintaining Data Privacy & Governance.
Although data can be an incredible source of useful insight, the risk that comes with handling it poorly can make it a toxic burden that opens your organization up to penalties, fines, or worse. In 2021 California’s Consumer Privacy Act (CCPA), which is generally seen as “GDPR light,” goes into effect, and many other states will likely follow suit. Strict data privacy regulations are quickly becoming the norm, making data security and governance one of the most pressing challenges for IT leaders.It thus becomes indispensable for you to learn how to lead the new normal.
11-Providing a Perfect CX.
Digital customer experience is the new battlefield for staying competitive, and the responsibility of delivering a seamless CX falls squarely on IT leaders.
Security issues
One of the biggest tech-related challenges inherent with shifting to a hybrid work model is, without a doubt, security. When work happens within the office, Chief Information Officer have a certain level of control over security.
They can set specific parameters to keep their networks, data, and sensitive customer and employee information secure. For example, they can restrict access to certain websites or applications, or require two-factor authentication to access certain files or information.
But there’s much less of that control when employees are working remotely. That’s why remote work can pose a much larger security risk than having your team contained to your office. For example, employees generally have less secure Wi-Fi connections when working remotely.
It’s also more difficult to monitor, control, or put safeguards around your employees’ internet usage when they’re working out of the office and/or on their own device—which, depending on their behavior, can add more risk to the companY.
There’s no denying that security is a risk when shifting to a hybrid work model. But CIOs can counteract those risks with effective employee training. If you’re concerned about cybersecurity for your hybrid team, make sure you’re training employees on how they can keep their devices and networks safe and secure when they’re working remotely. For example, you might create a “best practices” training that goes over the basics of cybersecurity, the do’s and don’ts of how to stay secure when working remotely, and some of the most common security issues employees need to be aware of.
Resources:
(1) Gatner
(2) Mckinsey
(3) cioinsight.com
Picture: Foto de Cuadrado creado por rawpixel.com – www.freepik.es
