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Don’t break the bank: Stopping ransomware from getting the best of your business

Network World

The reason is that cyberattacks are getting more sophisticated and firewalls and VPNs were built for a time when most people were working within the confines of an office. The stages of a cyberattack are analogous to that of a bank robbery. Stage 3: Once inside the bank, the thieves will target the vault for the highest financial gain.

Banking 351
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CIOs Want To Know: How Secure Is Your Mobile Phone?

The Accidental Successful CIO

Once this has been done, the bad guys can then trick banks and other companies into resetting the phone owner’s password by having them send the password reset to the new phone. Should mobile phone users be concerned about relying on their mobile phones for text messaging based two-factor authentication?

Mobile 246
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Four of the Biggest Financial Data Breaches of 2019

Galido

Perhaps not surprisingly, banks, insurance companies, and other financial-service firms are 300 times more likely to suffer from a cyber-attack than other industries. What caused the security failure is not yet known, but the exposed documents were viewable to anyone without the need for authentication. First American Financial Corp.

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Phishing

Dataconomy

Clone phishing: Duplicating authentic emails, substituting malicious links or attachments. Implementing firewalls and antiphishing tools: Utilizing security layers that monitor incoming and outgoing traffic. Email authentication standards: Adherence to protocols like DKIM and DMARC to validate message authenticity.

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CIOs Look For Ways To Fool Hackers

The Accidental Successful CIO

This new method doesn’t attempt to bar intruders from getting in, like firewalls do. The way to deal with this issue is to couple a deception system with more traditional defenses like firewalls, encryption, anti-malware solutions and authentication systems. CIOs have to realize that attackers are both agile and fast.

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Understanding the Essential Pillars of Phishing Mitigation

SecureWorld News

These attackers have criminal intent, as they'll lure in victims by claiming to be a friend, family member, bank, or other well-known companies and websites. These attacks can come from malicious instructions, social engineering, or authentication attacks, as well as heavy network traffic.

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Hidden Costs of Cybersecurity: Balancing Risk, Complexity & Efficiency

SecureWorld News

A clear example of friction is the additional step introduced by multifactor authentication (MFA) in a standard authentication process. Instead, it prolongs the authentication process, reduces user performance, and increases the time required to complete tasks on a system.

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