BEC or Business Email Compromise (also known as the man-in-the-email attack) is a phishing attack in which financially-motivated adversaries trick unsuspecting executives and employees into making payments or sending sensitive data to fraudulent accounts. The criminals behind BEC send convincing-looking emails that might request unusual...
In a rapidly evolving digital world, every aspect of one’s life has become dependent on technology. From ordering food online to shopping for clothes, medicines, books, and other necessary items to booking tickets, appointments with doctors, etc., to digital payments, conducting banking transactions, and submitting...
The digital information era has seen exponential growth in terms of data being collected, managed, and distributed across organizations. Websites, applications, and social media platforms often collect and store personal data about users in lieu of providing free services. However, some applications and platforms may...
In 2002, the United States Congress passed the Sarbanes-Oxley Act (SOX) to protect shareholders and the general public from accounting errors and fraudulent practices in enterprises, and to improve the accuracy of corporate disclosures. Congressmen Paul Sarbanes and Michael Oxley drafted the act to improve...
Fintech is a term used for ‘financial technology’, which is the application of new technological advancements to products and services in the financial industry. Financial services companies deal with highly sensitive personal and business information through services such as digital banking, digital payments, insurance services,...
Digital innovations and trends in financial technology or the Fintech industry are revolutionizing how people, financial organizations, and banks manage their money and conduct business transactions. Post-pandemic era has drastically changed how people engage with finances. The COVID-19 pandemic has favored the techno-finance sector, which...
In a Business Email Compromise (BEC) exploit, the attacker typically uses the identity of someone on a corporate network to trick the target or targets into sending money to the attacker’s account. The most common victims of BEC are usually companies that utilize wire transfers...
Healthcare compliance is the practice of adhering to federal healthcare laws and regulations. Compliance laws are intended to help protect patients, safeguard sensitive information and help mitigate and prevent fraud, abuse, and waste in the healthcare industry. Global healthcare is a trillion-dollar industry focusing on patients'...
The healthcare industry has historically been a primary target of cyber-attacks. According to the 2022 Cost of a Data Breach Report by IBM and Ponemon Institute, Healthcare breach costs hit a new record high. The average breach in healthcare increased by nearly USD 1 million...
The business world is technologically advancing and becoming more data-oriented. It has become the need of the hour for organizations to leverage information technology optimally to improve their operational efficiency, gather more data for analytics, and empower their workforce. With new industry standards and regulatory requirements...
