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Top 11 Cybersecurity Concerns in the Finance Sector in 2024

Cybersecurity in finance is not just about defense but proactive adaptation. Banks face continuous threats despite advanced security infrastructures. The escalation in phishing success rates, as seen in Terranova Security's 2023 Gone Phishing Tournament found a 10.4% click-through statistic, highlighting the need for evolving security strategies.  While the finance sector performed better than...
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What is Baiting in Cyber Security?

Cyber criminals are constantly evolving their methods, but their biggest leverage for growth will always be exploiting the human factor. Software and physical measures against cyber attacks have become so advanced that tricking workers is the only remaining attack vector criminals can reliably use. According to Verizon’s 2023 Data Breach Report, 74% of...
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The 2023 Gone Phishing Tournament Results: Everything You Need to Know

The results of Fortra’s Gone Phishing Tournament are here, and they highlight the potential power and danger of phishing across the world. This global test uncovered that 1 in 10 individuals are susceptible to these attacks, which would have led to 90,000 compromised passwords if the campaign had been an actual cyber attack. This year’s tournament featured an updated email and landing page to...
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Swipe Right on Cyber Security: Let’s Talk About Zodiac Signs

With Valentine’s Day upon us, our thoughts turn to love, compatibility, and cyber security. As Cupid strings his bow this Valentine’s Day, let’s explore how the stars might be influencing your approach to online security. Are you a Leo who roars against cyber threats, or a Pisces swimming through the sea of digital privacy? Remember, while the universe might hold many mysteries, your cyber...
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What is Quishing?

QR codes have come a long way since being invented in 1994 by a subsidiary of Toyota. Initially introduced to address some limitations of barcodes during the car manufacturing process, QR codes have since become staples in people’s day-to-day lives. The introduction of high-powered cameras to most modern smartphones is what allowed these codes to gain new uses. QR codes, easily generated and cost...
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The 7 Most Dangerous Healthcare Cyber Attacks

While industries like banking and software can be devastated by cyber attacks, no other field is impacted by hackers like healthcare. As an example, it’s hard to forget attacks like the ransomware that brought all 400 locations of Universal Health Services to a standstill for months in the United States. Healthcare facilities often can’t operate if they don’t have access to crucial information...
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Law 25: Everything You Need To Know to Ensure Compliance

Online privacy and data protection have become pressing issues in recent years that many governments have decided to legislate. The Legault CAQ government has been behind many digital-related innovations, so it’s not surprising to see legislation like this. This law is a legislative update since existing laws inadequately address digital data. It should be noted that Law 25 has teeth and isn’t...
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The Evolution and Limitations of Multi-Factor Authentication

As careers, banking, and healthcare move online, the need for more secure authentication has become increasingly urgent. While passwords have been adopted as the most common form of authentication, they pose many problems in terms of cyber security. In recent years, especially since the rise of remote work in 2019, the adoption of multi-factor authentication (MFA) has steadily risen to over 60%...
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131 Cyber Security Statistics: 2024 Trends and Data

Cyber security awareness is an everyday job, and it’s easy to fall into a false sense of security once you have a solid plan in place. Every year, statistics are a reminder that hackers and scammers never sleep. New trends and attack types pop up daily, making it difficult to keep track. This list is a rundown of the most important statistics of the year, allowing you to get a good overview of...
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Protecting Retail Businesses from Cyber Attacks

Retail stores are one of the oldest ways humans exchange goods and services. As they evolve, one of the most significant shifts they have undergone is the dramatic increase in technology integration within their operations. From tools to check stock to staffing management and cash registers, retail stores rely heavily on technology for almost every aspect of their business. Unfortunately, all...
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How to Avoid Phishing Simulations False Positives?

This year is seeing more phishing attacks in more places, having more detrimental impacts. One security messaging provider noted a 61% increase in phishing attacks between April and October 2022 compared to the same period the previous year. Another report observed that when phishing attacks were successful in 2022, financial losses from those incidents increased by 76%. In another trend,...
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How to Develop Security Awareness Training

According to Valimail’s Spring 2019 Email Fraud Landscape, about 3.4 billion phishing emails are sent each day, making it one of the most common types of cyber attacks. This number shows how crucial it is to train your employees so they can recognize and report malicious emails. That’s where cyber security awareness training comes in. With the right training program, you can provide your...
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Risky Business: When Third-Party Troubles Become Your Own

Businesses don’t stand and operate alone. Organizations partner with an average of 10 third-party vendors to manage their operations. Especially when talking about large corporations—they collaborate with various other organizations or firms helping them manage and advance their operations. These firms include suppliers, manufacturers, service providers, software vendors, distributors, resellers...
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Updated FCC Legislation Could Mean New Data Privacy Requirements for Telecoms

Telecommunications companies (telecoms) have been prime targets for cyber attackers. They operate critical infrastructure passage, and vast amounts of customer data pass through their networks. The United States Federal Communications Commission (FCC) is aiming to strengthen data security with new regulations around data breach reporting by communications carriers. The agency has long required...
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How to Enhance Third Party Risk Management with Cyber Security Training

Did you know that on average, every company is connected to ten third-party businesses? There’s the payroll services company that remotely manages employee wages. The Software-as-a-Service (SaaS) cloud storage provider that backs up customer account data. The security company that provides access control to company buildings and systems. To achieve an efficient supply chain, organizations rely...
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How To Prevent Ransomware

To prevent ransomware, companies need to focus on giving their employees actionable security awareness training that educates, empowers, and motivates. For this to happen, employees must understand the facts around ransomware and the profound, long-term impact it can have on the company. Once a ransomware attack is successfully executed, there are very few options for the affected company apart...
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Why Your Third-Party Vendors Have Almost Definitely Been Breached and What to Do About It

The news from Human Resources is that employees are happier than ever. Working from home using third-party vendor services makes work easier and more flexible. The news from IT is less enthusiastic. A recent report showed that a whopping 98% of organizations have at least one third-party provider that has suffered a data breach in the last two years. Third-party vendor relationships are nothing...
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The California Privacy Rights Act (CPRA) and How it Affects Your Business

New regulations are already keeping IT professionals on their toes in 2023. One monumental change for California residents and businesses is the California Privacy Rights Act (CPRA). The legislation came into force on January 1, 2023. Legislators drafted the new rules to empower consumers and close gaps in the California Consumer Privacy Act (CCPA). The CPRA gives customers more control over...
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How to Build a Successful Phishing Simulation Campaign

Phishing threats are everywhere, and if your employees don’t know how to spot them, you’re putting your information at risk. Knowing how to build a successful phishing simulation is vital for identifying how well employees can spot the latest threats and ensuring they know how to spot them independently. Unfortunately, many organizations fail to offer adequate security awareness training, with...
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What You Need to Know About the Kaseya Ransomware Outbreak

In early July, IT solutions provider and remote management solution provider Kaseya announced that it had fallen victim to a supply chain ransomware attack. During the attack, hackers leveraged a vulnerability in Kaseya’s VSA platform to encrypt the data of hundreds of downstream MSPs and their clients. The Kaseya ransomware outbreak is one of the latest high-profile ransomware attacks targeting...