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...
In today’s digital economy, data has become an incredibly important asset, and collecting and sharing data has become a herculean task for businesses to manage. As businesses collect growing amounts of information on their customers, those customers have begun to see the potential downsides to...
The COVID-19 pandemic has expedited the transition to remote work and the digitalization of business. Hybrid workforces and virtual engagements are the new norms. These new ways of conducting business have led cyber incidents to proliferate. In today’s digital economy, data is the most valuable asset a...
Cisco has confirmed a breach of its network in May 2022, where the attackers managed to gain access to the company's virtual private network (VPN) via employee's Google account.The attacker compromised a Cisco employee's personal Google account, which gave them access to his business credentials...
On July 19th, 2022, DARK Reading posted an article regarding the exposure and possible risk for password theft on Okta’s platform. Here is an excerpt from the article: "Identity services provider Okta is facing serious security flaws, researchers contend, that could easily let an attacker gain...
In the post pandemic era, where enterprises are looking forward to hybrid workforce, IT Security admin face a challenging task of providing authorized access to resources. Enterprises want reliable and easy-to-use IAM tools —while ensuring that the user experience is not compromised. An Identity and Access...
