Tag: cyberattacks

As cyber attacks grow in frequency and complexity, it is urgent to shift from prevention alone to detection and response. Many businesses still rely on outdated, reactive approaches, even though Managed Detection and Response (MDR) is not a new concept. Without proactive cyber threat management these reactive methods leave organisations vulnerable to sophisticated attacks.

Consumers are familiar with phishing emails, fraudulent SMS messages and social media scams. However, the scale and complexity of cyberattacks on critical sectors far exceed these relatively simple threats. Entire industries and governmental bodies face increasingly sophisticated attacks. These attacks can cripple essential services, cause significant economic damage and compromise sensitive data on a massive scale.

Businesses face an ever-increasing array of security challenges today and as they adopt new technologies to stay competitive, the need for robust security measures has never been more critical. The ever-expanding range of technologies competing to keep business information safe can be overwhelming for organisations striving to stay ahead.

Internal controls are an essential component of any financial management system. It helps your organisation retain financial integrity, meet regulatory requirements, and compile reports essential for improving the business. These processes are especially crucial in accounts payable (AP) departments to manage financial transactions and ensure that payments are authorised, accurate and properly documented.

Criminals are launching targeted online attacks against high-value individuals. What can they do to stay safe? Most cyberattacks are opportunistic. Much like a mugging on a dark street, it doesn't matter who the victim is as long as the perpetrators gain something out of their crimes. However, a growing number of these attacks are designed to target specific people, such as CEOs, Directors, Board Members, CFOs, IT administrators, and wealthy individuals.

The Financial Sector Regulation (FSCA) and the Prudential Authority (PA) published Joint Standard 2 of 2024 on Cybersecurity and Cyber Resilience Requirements on 17 May 2024. The Joint Standard 2 of 2024 (Joint Standard) applies to all financial institutions as defined in the Joint Standard. It sets out the requirements for sound practices and processes relating to cybersecurity and cyber resilience for financial institutions.

While enterprise resource planning (ERPs) are applications used by businesses to manage and integrate the essential and crucial parts of their structures to streamline...

Cyber security in any industry sector with a reliance on digital is absolutely crucial. These businesses should implement technology that will help them validate their security controls on a continuous basis. How well do your current cybersecurity detection and prevention technologies work? Would knowing help you sleep better at night?

A recent research study by global data management providers Veaam among 1,200 IT leaders concluded that it was not a question of whether organisations would be targeted by cyberattacks, but how often. Most of the attacks were designed to extract ransomware from the companies, and most companies paid up, thanks to insurance covering just this eventuality.

As organisations across the globe contend with an increasing number of cyberattacks, schools and higher learning institutions are looking for innovative and cost-effective ways to protect their students, staff, and data from breaches and ransomware.