Cybersecurity has always been a major concern for most businesses. With the growing incidents of data breaches, it is now imperative for businesses to invest their resource in securing their IT infrastructure and data. Moreover, after the COVID-19 scenario, there was an unprecedented spike in the need for remote working. This totally hampered the security measures implemented by the organization’s IT and Cybersecurity teams.
The PCI Council aims at minimizing the risk of cardholder data by securing sensitive cardholder data including Sensitive Authentication Data (SAD). For these reasons, PCI DSS Standards are strictly enforced in the payment card industry. According to the PCI DSS Security Standard Requirement, organizations dealing with sensitive card data are required to maintain maximum security and implement measures that ensure the confidentiality, privacy, and security of the cardholder data.
A Readiness Assessment in general is an evaluation process that suggests whether or not an organization is compliant with a specific standard/regulation. The assessment helps determine gaps in security controls and demonstrates the effectiveness of controls to achieve compliance. The assessment works as a guide to identify and address the potential gaps in controls. The readiness assessment basically works as a test run for organizations looking to achieve compliance.
The world of healthcare has gone digital. Records can now be transferred anywhere they are needed, from hospital to hospital, or even directly to the patient’s email inbox. While the digitalization of healthcare records is extremely convenient but it is now equally dangerous. These sensitive PHI data are exposed to various forms of cyber threats and vulnerabilities.
Fintech, short for ‘financial technology, is the application of new technological advancements to products and services in the financial industry. The Fintech industry is rapidly evolving, driven in part by the adoption of new technologies such as artificial intelligence and blockchain-powered assets. Currently, the Fintech market is projected to reach $190 billion by 2026, growing annually by 13.7%.
Protecting devices, data, or systems from cyber threats is what cyber security is all about. These cyber-attacks are usually aimed at gaining access to, destroying, or stealing sensitive data, or consumers’ money and disrupting online transactions and business operations. Implementing an effective cyber security system is critical, as the task has grown increasingly difficult.