Cyber resilience goes beyond mere security tools or yearly employee training. While both are crucial, a multi-layered cybersecurity approach is essential for the most robust protection. You might be asking “Where is the best place to start?” Or “Is what I am doing enough?” I think we all recognize that cybercrime is on the rise. Recent research indicates that cybercrime is indeed up 300% since 2020.
As customers adopt a digital lifestyle, the financial services required to support their online purchases are growing at an unprecedented pace. To match these challenges IT organizations are frequently turning to the cloud and replacing traditional services. Cloud services are already well-rooted in virtually every aspect of the financial services industry and all signs point to this continuing into the future.
It is no surprise that across the financial services industry a steady increase in cloud adoption has taken place in recent years. This trend is expected to continue and grow as organizations look to replace aging, traditional technology. For financial organizations, these changes taking place impact both business operations and customers. Banking, commerce, transactions — not to mention all of their corresponding data — are part of this transformation.
In my last post, I highlighted what organisations can and should do to improve their cyber resilience. Not only will this help them obtain cyber insurance, but it will also help them retain it as well. Another way to improve your ability to meet cyber insurers’ qualification standards is to leverage outside help through managed service provider (MSP) partnerships.
In a world where technology is intertwined with everything we do, the digital domain is often so commonplace we don’t think about it unless something dreadful happens. Who hasn’t had a stomach-dropping phone call from the bank letting you know that thieves have stolen your credit card number? For better or worse, technology is part of our daily lives. From working remotely to shopping online to managing finances, we’re constantly connected.
In today’s digital age, businesses rely heavily on technology to drive their operations efficiently and effectively. This dependence on technology has brought about new challenges and risks, particularly in the realm of cybersecurity. As organisations strive to ensure operational resilience, they must recognize the integral role of cyber resilience in safeguarding their digital assets and operations. Cyber threats have become a persistent concern for businesses of all sizes.
In mid-August, state officials in Connecticut began receiving worrisome complaints from constituents about a potentially dire situation unfolding at local hospitals. One such message, from a woman on Facebook, relayed a desperate plea for help on behalf of her 71-year-old father, who, she claimed, had spent the last two days on a gurney in an emergency room hallway.
The phrase “digital transformation” gets thrown around a lot these days when discussing IT infrastructure. A popular — albeit slightly vague — buzzphrase for a reason, digital transformation, in this context, simply refers to the idea that businesses are working to modernize their operations and leverage the power of new technologies.
If routing traffic on your network, managing cloud-based software-as-a-service (SaaS) applications, or general cloud connectivity is becoming more difficult for your IT team to manage, you may be ready for a software-defined wide area network (SD-WAN). SD-WAN is powerful networking tool that can help you centrally manage your traffic flow, independent of the underlying hardware on your network.
