Identifying trends in the latest digital markets is important for the technology ecosystem that thrives on new businesses and startups. Apvera is proud to be chosen as the FinTech startup featured from Asian Financial Services Congress 2016.
FinTech is a growing trend in the partnership of technology and financial services. Apvera’s security strategies help these markets with protection of financial and investment data. Hackers continue to target these financial firms since they hold a tremendous wealth of information no users and their financial services. This gives hackers a primary reason to find ways to socially engineer ways to trick financial and investment firms into giving up details on their customers.
Most financial firms are unaware that they are major targets for hackers, and they are even more unaware that the biggest threat to the organization is insiders. Disgruntled employees or ones who don’t recognize the signs of a social engineering attack are the two biggest threats to an organization. These threats are much more difficult to identify since access to data is freely given within the network and these attackers have legitimate credentials to steal sensitive information off of the network.
Apvera was proud to bring their knowledge and understanding of insider threats to the Asian Financial Service Congress. Insider threats have always been a problem for organizations, but there is a strong increase and trend in these threats becoming much more prominent than traditional outside attacks.
Together with other leaders in the technology sector, Apvera was able to educate FinTech businesses on the importance of monitoring and tracking user traffic patterns and content contained within certain network requests. We were also able to highlight the increased risk with insider threats and what these businesses can do to stop them from occurring. It takes months before an insider threat is typically identified, and by this time it’s usually too late – the damage to the brand and trust has been done.
With Apvera products, the business can identify insider threats almost immediately, saving the business from much of the risk and cost without monitoring systems. Education is also key to help all stakeholders within the organization understand the social engineering red flags and warning signs. We were proud to be a part of the discussion and event that brings technology and business together to share industry knowledge.