Security Awareness

Post-Pandemic Technology & Cyber Security Trends in Banking – Part 2

Post-Pandemic Technology & Cyber Security Trends in Banking – Part 2 In this second part of our review of key cyber and security-related technology trends in banking in the post-pandemic world, we look at the top cyber threats targeting banking and financial services organisations in 2021. We also look at some of the emerging cyber technologies being adopted and considered by banking and financial services organisations around the world. Over the last decade, cyber attacks have become an ever-growing threat for banks. Technology has advanced rapidly and threat actors have learned that banks are a lucrative target. Threat actors have evolved their techniques to make it difficult for any company to fend off the attacks. Cybersecurity is not an issue limited to industries involving technology only. It holds a critical value in banking since banks make millions of transactions each day, most of which are done on digital payment platforms. Without

By |2023-03-30T17:09:33+00:00June 30th, 2021|Blog|Comments Off on Post-Pandemic Technology & Cyber Security Trends in Banking – Part 2

Post-Pandemic Technology & Cyber Security Trends in Banking – Part 1

Post-Pandemic Technology & Cyber Security Trends in Banking - Part 1 The banking sector is in the midst of a digital transformation that is causing its attack surface to grow, exposing organisations to increased levels of cyber threat activity. As more organisations adopt digital banking solutions, having effective cybersecurity programs has become more important than ever before for the banking industry. In this article we explore the post-pandemic technology and cyber security trends in banking.   Elasticito was recently approached by a financial services firm to provide some analysis on new technology and cyber trends within the banking and financial services industry.  A summary of our findings make up this blog post, but one common theme that we observed was that, despite the pandemic, the unstoppable momentum of digital transformation is causing a huge impact in the way that banking services are and will be delivered to customers over the

By |2023-03-30T17:09:33+00:00June 23rd, 2021|Blog|Comments Off on Post-Pandemic Technology & Cyber Security Trends in Banking – Part 1

Mitigating a Ransomware Attack – Can Security Awareness Training Assist?

Mitigating a Ransomware Attack – Can Security Awareness Training Assist? As the frequency and cost of ransomware attacks continue to rise, solutions for ransomware mitigation and prevention must be at the top of every IT leader and department's list of priorities. Where most see crisis, cybercriminals see opportunity. In this article, learn how security leaders can meet the challenges of mitigating ransomware threats and phishing attacks. Is security awareness training the answer? Traditional ransomware tricks users into running it and then it replicates itself on various endpoints across the network. It then encrypts those systems and demands a ransom — usually some type of cryptocurrency — in exchange for a decryption key to rescue data and files. Since the start of the pandemic, there has been a global surge in ransomware attacks. 40% of organisations in the UK, US, Canada, and Germany have suffered from a ransomware attack in the last

By |2023-03-30T17:09:33+00:00June 16th, 2021|Blog|Comments Off on Mitigating a Ransomware Attack – Can Security Awareness Training Assist?

10 Tips for Detecting and Mitigating Phishing Attacks

10 Tips for Detecting and Mitigating Phishing Attacks Despite being a well known problem, phishing remains a significant issue for companies. Notwithstanding the increased sophistication of new malware and advanced persistent threats, phishing is still one of the most effective ways to breach networks, steal money and credentials, and exfiltrate data. Phishing can be the first stage in a sophisticated information-stealing attack. It's a tried and true method that cyber criminals have been using for years but are now adapting to their own needs. It remains pervasive because phishers get away with it so often. Read on for ways to detect and mitigate phishing attacks. There are many types of phishing attacks organisations must be wary of. The main outcomes of all phishing attempts are to steal credentials, instigate a ransomware attack, install malware or trick a person into making a payment for a fictitious service. “Phishing emails are one

By |2023-03-30T17:09:34+00:00May 11th, 2021|Blog|Comments Off on 10 Tips for Detecting and Mitigating Phishing Attacks

Security Awareness Training – are organisations doing enough?

Security Awareness Training – are organisations doing enough? Security awareness training is a vital way to prepare employees for the threats that surround them. After all, your employees are your cyber security team's first line of defense. The strength of your cyber security program depends on the security awareness your employees possess. In order for you to establish a security aware culture, it's essential that you have an ongoing commitment from everyone: managers, all departments, and people in your organisation. It essentially means everyone needs to be on board, aware of what goes on, and supportive of the effort. An effective security awareness training program must be informed by regular training sessions, not just a single quarterly email about phishing.  The key benefit of security awareness training lies in the fact that it equips employees with the knowledge they need to combat these threats. Continue reading to find out if

By |2023-03-30T17:09:34+00:00April 13th, 2021|Blog|Comments Off on Security Awareness Training – are organisations doing enough?