If you’re looking to renew your cyber insurance for 2023, you may be shocked to find that next year’s cost is much higher than ever before. According to research, cyber insurance costs increased by an astonishing 102% during the first quarter of 2022. As a result of these steep price increases, analysts predict that the […]
Data security news & resources
Why does the $1.8B fine on US big banks make data loss prevention essential for all financial services firms?
This week, The U.S. Securities and Exchange Commission (SEC) hit more than a dozen banks with fines totaling almost $2 billion. The likes of Bank of America, Barclays, Morgan Stanley and more must pay $125 million each to the SEC for improper use of messaging apps, collaboration tools and other unauthorized services for communication, without […]
Data is less structured and more distributed than before. People need new tools to prevent sensitive data exposure in this new SaaS reality.
The technology industry is still technically in its infancy. Every year, it seems that innovation hurls forwards in leaps and bounds. At the same time, the cyber security risks that organizations face are constantly evolving too. Because everything is, well, so new, there’s a lack of standards and rules out there for mitigating cyber risk – […]
As the financial services (FS) sector embraces new ways of working and digital transformation, communication tools like Slack and Teams are helping employees to find new efficiencies and better collaborate with partners, customers and clients. Platforms like Slack and Teams are highly versatile–and they are constantly adding new functionality that makes them more appealing to […]
For an industry as highly regulated as financial services, these stats may surprise you: Financial services cyberattacks in 2020 due to data breaches cost organizations an average of $3.86 million and took an average of 207 days to identify. Cyberattacks on financial institutions in 2020 exposed an average of 352,771 sensitive files. The average financial […]
Despite data breaches hitting the headlines most days, many security professionals struggle to sign off on the budgets they need to protect their organizations. CISOs and CIOs can sometimes feel like they are speaking another language in the boardroom. Their executives are results-driven, focused on quarterly revenues and fiscal results. To them, security might come […]
Becoming data-driven is a critical priority for organizations of all shapes and sizes. Data, combined with analytics, equals insights – and these insights can form the basis of predictions, better customer relationships and informed decisions. However, in the modern world, generating data insights comes with great responsibility. A lot of data, after all, relates to […]
In today’s digital world, a brand’s credibility is intrinsically linked to its ability to protect its data and IT infrastructure. This means that to maintain market share, keep customers satisfied and improve profits, choosing the right cybersecurity products is a must. Deciding which cybersecurity solutions to use was once in the power of CIOs and […]
Every time you sign up for a new service, buy something online or, even apply for a job, you automatically share your personal information. If you look back over the hundreds of online interactions you’ve had over the years, it gives you an inkling as to how many businesses have processed information about you. Then, […]
When HelpSystems surveyed 250 CIOs and CISOs in financial institutions to learn about their top cyber concerns and challenges, 35% of respondents cited insider threats as having the potential to cause the most damage in a year. This statistic is representative of the pervasive fear financial institutions have of insider security threats, which could prove to be […]