Cybersecurity incidents aren’t rare for businesses now. In fact, in the first 6 months of 2021, around 1767 data breach incidents rocked the business world and exposed more than 18 billion records. And one of the hardest-hit industry verticals from threatening cyber-attacks is the financial industry.

Neo banks are fighting an uphill battle. Not just because they have to convince consumers to choose them over long-established institutions, but also because legislators often lack the understanding of technology as well as the eagerness to give them a fair chance. From strict AML laws and KYC processes to fraudsters and criminals looking to take advantage, neo bank security is a major concern.

Who would hate the quick and easily applicable way to create application software? How is it even possible? Doesn't application development demand countless planning, design, testing, and most crucial thing, codes? Well, there was a time when it was required, but now, the low-code development approach helps enterprises build an app with little to no code. Sounds fantastic, right? The low-code development expedites business results and empowers them by speeding up the development of new applications.

Stats suggest that 43% of cyber attacks target small businesses and 60% of these attacks are encountered within the first 6 months of setting up a business. While the horrors of cyber attacks are known to everyone, getting such a fatal blow right when you are starting, can send your startup on a trip to Bermuda Triangle! However, proper planning and having a reliable security strategy can help you bring back from the place of no return!

We know how complicated and resource-consuming it can be to comply with the standards set up by the PCI (Payment Card Industry) Security Standards Council. It’s not surprising that less than 1 in 5 businesses (around 18%) assess their PCI DSS controls more frequently than is required by the regulation. However, things become a lot easier and streamlined with PCI DSS gap assessment.

ISO27001 is a prominent International Standard and best practice for Information Security Management. The core element of this standard is identifying risks and mitigating vulnerabilities that threaten the security of information assets. So, the technical risk and vulnerability assessment form the basis of implementing the ISO27001 Standard.

Given the large and growing number of cyber attacks that exploit software vulnerabilities, vulnerability management is critical. A variety of unintended consequences can result from misjudging the severity of an existing vulnerability. Legal battles, financial losses, and reputational damage are all possible outcomes for a business. To combat today's modern cyber security challenges, it's critical to have a vulnerability management program in place.

With millions of apps being released every day and ever-changing feature additions, it is more important than ever for enterprises to focus on security to prevent data breaches. According to Checkpoint, in 2020, 97 per cent of enterprises were confronted with mobile threats employing a variety of attack vectors. What is Mobile Security Testing Guide (MSTG)? The MSTG is a comprehensive manual for mobile app security testing.

Managing security is not solely about products and technologies. As a security leader in your company, it is important to consider numerous other factors when you decide to set up a Security Operations Center. A few of the things include - an understanding of the business plan and requirement capability. It also includes the skill set of people who will be part of the Security Operations Center (SOC) for planning the individual and team responsibilities, budget, etc.

NIST Cybersecurity Framework (CSF) is a voluntary security framework created through industry, academic, and US government collaboration that aims at reducing cyber risks to critical infrastructure. The framework is a result of the Presidential Executive Order (EO) 13636 that directed NIST to develop a framework in collaboration with the security stakeholders of the economic and National security of the US.