According to a 2016 survey, the cost of a single cyber breach on a financial institution was estimated to be around one million dollars. Sadly, the financial sector which is sensitive client and institutional data, is seen as a prime-target for cyber attacks. Cybercriminals, today, focus on developing new and undetectable exploits which artfully evade…
The digital world is expanding at an unbelievable pace. It’s wonderful how we witness continuous innovation, almost every day. Cyber security threats are accelerating with more sophisticated, evolving technology. Hackers are getting smarter and smarter, finding new ways to wreak havoc. Data breaches, ransomware attacks, worm infections; every year, companies all over the world are…
It’s been over seven years since the Conficker worm, aka Downadup, spread around the world but it is back and has been infecting computers since January. When newer malware emerges it can be instantly taken care of, but this troublesome worm has 8+ years of history behind it, wherein it kept on popping up at…
Remember Antivirus? Back in the old days it would pop up on your computer saying something along the lines of “Caution! A virus has been detected!”. It seems like a long time passed since that was enough to protect you from potential harm. Antivirus agents are still an important tool for blocking known threats, however…
It all started with a single click. On May 12, at around 8 in the morning, an unsuspecting user in London opened a thoroughly ‘suspicious’ mail, thereby triggering one of the major Cyber attacks of all time. The WannaCry massacre, to be precise. Massacre because the malware succeeded in swallowing 30,000+ systems from 150+ countries…
Cybersecurity market is growing like a wildfire. Companies are taking a huge step towards expanding their security budget and spending, as noted by many recent studies. The security game is getting higher and so is the frequency of cyber threats. We need not look very far behind; just looking at the past two months will…
With ever-evolving technology, cyber security issues have taken the IT world by storm. Last year alone about 74% of the SMEs alone were deeply affected by the security breach, making them resort to several defense systems. One could put world-class firewalls, anti-virus softwares, and other defense mechanisms to shield their thriving business. But what if…
A Mayday situation. Last May was truly a nightmare for computer-users all around the globe, thanks to WannaCry ransomware attack. While similar low-scale attacks were witnessed a few months prior, nothing could beat this massive cyberwave that looped pretty much 75% of the world. It was not coined as the ‘Cyber Attack of the Year’…
The year 2016 is slowly coming to an end. But the troubles faced by the major banking corporations seem to be never-ending. Just like every other year, a series of fines and reprimands were noted in 2016. The year started with Goldman Sachs paying $5.1 bn for toxic mortgage settlement, February with Morgan Stanley paying…
Insider threats continue to be the biggest risk to any organization. The Panamanian law firm Mossack Fonseca just found out how dangerous these leaks can be. An insider has just leaked 11 million documents exposing tax evasion from some of the wealthiest people in the world. These documents highlight some very fraudulent business dealings that…