Financial Institutions are and will be the number one target of cyber criminals considering the reward of data and most importantly, money. Cyber security is not only restricted to IT organizations but is also important for every single business. But, for banks, it holds important...
Recent cyberattacks on Uber, SolarWinds, Colonial Pipeline, and data breaches of Twitter, Dropbox, Amazon RDS worldwide have forced Security experts and businesses to be on their toes to find ways to prevent them. While most cybersecurity initiatives are focussed on threat detection and response, prevention...
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...
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...
Do you follow any celebrities, sports players, or VIP Accounts on Social Media? No one is small enough, no one is big enough to get #phished #hacked affected by #AccountTakeover #cyber attacks. Today Indian Prime minister @Narendra Modi's personal twitter account @narendramodi got compromised. We all know...
