According to a recent article in the Wall Street Journal, Malicious software programs are gaining popularity around the world as hackers look for new and lucrative ways to attack the financial-services industry. Cyber criminals use the malware to steal banking credentials from unsuspecting consumers when they log on to their bank accounts via their mobile phones. The…Learn More
The high-profile hack on the DNC is another example of how pervasive cybersecurity threats really are. It also shows that most organizations are unprepared to deal with hacks –the DNC is far from alone. Worse yet, most breaches aren’t discovered for an average of eight months and nearly two thirds of organizations learn they are breached from…Learn More
The U.S. National Institute for Standards and Technology (NIST) has deemed SMS-based two-factor authentication as no longer secure enough to keep hackers out. Specifically, NIST states that SMS-based two-factor authentication isn’t secure because the phone may not always be in possession of the phone number, and because SMS messages can be intercepted and not delivered to…Learn More
Professional liability insurer Beazley announced in its Beazley Breach Insights—July 2016, that small businesses, especially in the financial industry, are experiencing a sharp rise in data breaches during Q1 2016. Notably, among financial institutions, hacking and malware attacks accounted for 43% of all data breaches handled by Beazley. That is compared to 27% in the same quarter…Learn More
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