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.