In this modern age, there’s been a significant improvement in the digitization of traditional payment methods. We live in a technologically advanced era, and as such, advancements in payment infrastructures makes life easier, transactions faster, swifter, and smoother. Almost all countries in the world are adopting the cashless economy policy.

In a previous article, we discussed what the NIS Directive is. The European Union developed the Directive in response to the emerging cyber threats to critical infrastructure and the impact cyber-attacks have on society and the European digital market. The NIS Directive sets three primary objectives: The “actors of particular importance” are the operators providing essential services (OES) and digital service providers (DSP) in the EU.

Hackers and cyber criminals have evolved social engineering tactics to trick unsuspecting individuals into divulging private information or valuable credentials. One such evolving tactic is typosquatting, a form of social engineering attack that tries to lure users into visiting malicious websites with URLs that are common misspellings of legitimate sites.

NERC is a non-profit organization that sets industry standards, educates and trains industry personnel and provides guidelines for grids. You can find the details on NERC and NERC reliability standards in our article. What is NERC? NERC refers to the North American Electric Reliability Corporation. It is a non-profit organization whose main aim is to provide necessary regulations that reduce the risks regarding reliability and security.