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Cybersecurity Requirements for the Financial Services Industry

Cybersecurity Requirements for the Financial Services Industry

The financial services industry has historically been one of the most targeted industries for cyberattacks, and it’s not difficult to imagine why. Roughly 95% of attacks are financially motivated, and hackers are going directly to the source by targeting the financial services sector. Not only do these financial institutions have direct access to cash, they also tend to be high-revenue businesses that can’t afford to be disrupted or take a reputational hit, so they’re more likely to pay a ransom.  […]

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Hwei Oh
Why Is Vulnerability Management Important?

Why Is Vulnerability Management Important?

The average cost of a data breach in 2023 was $4.45 million — a 15% increase over three years, marking yet another year in which the average cost has risen significantly. Yet, costs can balloon even higher. Just recently, Change Healthcare had to shell out billions after its breach earlier this year. With the devastatingly high costs of cyberattacks, acting only after you’ve been compromised is a good way to incur some heavy payments or, in some cases, even go […]

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Hwei Oh
Employee cybersecurity risks you need to be aware of

Employee cybersecurity risks you need to be aware of

Employees are a major attack vector for threat actors targeting organizations. Recent research by Stanford University confirms this, revealing that 88% of all data breaches are caused by human error. These human errors might be as simple as sending an email to an incorrect address or leaving a database publicly viewable; but they can also be more involved, as when employees become victims of targeted phishing campaigns. Let’s detail how employees might be increasing risk for organizations and what organizations […]

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Hwei Oh
The pros and cons of building an in-house SOC

The pros and cons of building an in-house SOC

If you work in a large organization with an extensive attack surface, you might have considered establishing a security operations center (SOC) for more dedicated monitoring and response. Establishing a SOC makes sense for enterprise organizations that face constant threats, handle sensitive and high-value data, and/or have large and complex infrastructures. Such organizations include financial institutions, healthcare organizations, government agencies, high-profile companies, large entertainment companies with A-list celebrities on their rosters, and massive e-commerce companies. For these organizations, a SOC […]

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Charles Ho

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