Financial sector has evolved into a digitally capable, technologically savvy industry. It has also embraced various breakthroughs in IT Security while maintaining robust workflow based operations. Harnessing mobile technology to better consumer engagement in a secure manner is a revolution we are witnessing in the present times. Banking and financial institutions are reaping the benefits of […]
Typically, IAM solutions bring IT Security intelligence and work-flow operational efficiency. A poorly implemented and integrated IAM system is clearly not optimized for security, identity and access related capabilities. A theft can go unnoticed or detected late, this stands true even for organizations that have well integrated security capabilities in their IT Systems. Organizations that […]
With a spike in cyber-attacks, financial services firms are leveraging innovative tools for combating this threat. Companies are now looking at improving security programs, using technologies such as Identity and Access Management (IAM), cloud-based cyber-security, Biometrics, Big Data Analytics, Privilege Account Management (PAM), together with advanced authentication. According to a survey, ‘Systemic Risk Barometer’, conducted […]
The demands of business ecosystem have never ceased to increase. This has further increased challenges related to maintenance of secured IT environment across various IT touchpoints. In addition, technological integration should supplement organizations’ fundamental need to operate in a seamless manner. Each aspect of IT and related implementation or integration come with its own set of […]
If the data resting with a financial organization is breached – for cyber criminals it is like hitting a jackpot! The financial sector is one of the top targets for cyber criminals. Over past few years, banks and financial organizations have been subjected to a barrage of cyberattacks. There are more varied versions and different researches […]
Being rich in information, the healthcare industry has become one of the most vulnerable industries. It is being targeted by cyber-criminals as it contains information ranging from an individuals’ personal information credit information to protected health information (PHI) – all in one place. It translates into a high return when such data is viewed in […]
While patient management system is an integral part of providing efficient healthcare services, data protection laws make it mandatory to provide reasonable safeguards to protect patient information from inappropriate use or disclosure. With the growing number of apps, along with volumes of data to manage, healthcare providers are swamped with the duel challenge to support […]
Einstein famously defined insanity as “doing the same thing over and over again and expecting different results.” We may relate this saying with redundant and repeated functions/processes that companies continue to follow including archaic security strategies while data breaches or data breaches. There are cases guiding IT security strategists to take a close re-look and […]
Financial industry is driven by data from user details, transactions, account details, payment information, access governance, vendor management and so on. For financial organizations, having a strong plan to defend against cyber-attacks and creating an action based process to deal with a potential attack are crucial. Getting basics in place, and augmenting IT security with […]
Not a day goes by without news and reports around cyber-attacks. High-profile, high-impact cyber breaches are becoming common. IDC’s Health Insights group predicts that 1 in 3 health care recipients will be the victim of a health care data breach in 2016. Healthcare providers (including insurance providers) must encrypt personal information. A cyber breach can […]
A cyber breach – an incident in which hackers gain access to vital commercial or customer cyber systems – can come with a big price tag for your small business. In the computer security context, a hacker is someone who seeks and exploits weaknesses in a computer system or computer network. Hackers may be motivated […]
An absolute nightmare for an IT security professional is when protected data is accessed by unauthorized personnel. While passwords, firewalls and other basic protection methods are becoming easily ‘hackable’, organizations are seen shifting towards Multi-Factor Authentication (MFA), which includes voice callbacks, SMS’s and OTPs, to combat the issue. Although, MFA has been able to minimize the […]
Before we point at the magic word, Big Data – let’s talk a bit about the volume of data, financial services sector is also facing the challenge of managing the data in a secure manner. API’s are just one aspect of data transfer, but it is important to be integrated smartly. Thus APIs – application […]
It has been increasingly observed that companies are moving towards managing their IAM projects in-house, rather than engaging an outside vendor. Although, the step has its own merits, starting with gaining greater control over project delivery and saving cost in the short-run, for a long-term perspective, such a move could lead to multiple issues for […]
In 2016, we’ve witnessed a number of major IT developments and trends, all of which had a significant effect on defining businesses. Be it evolution in mobile or cloud technologies, or development of newer technologies like IoT and smart devices, several technological expansions made headway into mainstream adoption this year. However, one of the biggest […]
Come to think of what went on my mind last week, as I savored a cup of hot chocolate, and looked out at snow laden gardens. It was not just a praise for how beautifully nature takes on, it was my time of throwback and, where are we headed? Technology has taken over the way […]
Application security is becoming a prominent aspect of enterprise security and a crucial component in software development and deployment. Companies are investing in app security testing, especially source code review and penetration testing, to create a robust IT System. While IT departments limit using only source code reviews, it is advisable to perform penetration testing. Here’s […]
If we look at the IT departments today, they have become very interesting! It is not just about computing and networks, there is more to it – including IT Security, risk management, access & identity dynamics, cloud, hybrid systems, threat intelligence and the list goes on as we proceed through this article. The leaders and […]
Organizations are increasingly incorporating changes in the Software Development Life Cycle (SDLC) in order to improve security posture and create a robust IT System. These changes are aimed to bring security at software development stage itself, rather than incurring expensive fixes for IT vulnerabilities post-implementation of the software. Traditionally, SDLC was focused towards fulfilling specific […]
Owing to lack of strategic foresight or sheer laziness, security has traditionally taken a back seat in IT Systems integrations. Lack of security foresight in IT endeavors can impact businesses in the course of time, thus it is recommended to look into security related aspects from the very start — be it at the time […]