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How to Handle Retail SaaS Security on Cyber Monday

How to Handle Retail SaaS Security on Cyber Monday

Nov 27, 2023 SaaS Security / Cyber Monday
If forecasters are right, over the course of today, consumers will spend  $13.7 billion . Just about every click, sale, and engagement will be captured by a CRM platform. Inventory applications will trigger automated re-orders; communication tools will send automated email and text messages confirming sales and sharing shipping information.  SaaS applications supporting retail efforts will host nearly all of this behind-the-scenes activity. While retailers are rightfully focused on sales during this time of year, they need to ensure that the SaaS apps supporting their business operations are secure. No one wants a repeat of one of the biggest retail cyber-snafus in history, like when one U.S.-based national retailer had 40 million credit card records stolen.  The attack surface is vast and retailers must remain vigilant in protecting their entire SaaS app stack. For example, many often use multiple instances of the same application. They may use a different Salesforce tenant for eve
Critical OAuth Flaws Uncovered in Grammarly, Vidio, and Bukalapak Platforms

Critical OAuth Flaws Uncovered in Grammarly, Vidio, and Bukalapak Platforms

Oct 25, 2023
Critical security flaws have been disclosed in the Open Authorization (OAuth) implementation of popular online services such as Grammarly, Vidio, and Bukalapak, building upon previous shortcomings uncovered in  Booking[.]com and Expo . The weaknesses, now addressed by the respective companies following responsible disclosure between February and April 2023, could have allowed malicious actors to obtain access tokens and potentially hijack user accounts. OAuth is a  standard  that's commonly used as a mechanism for cross-application access, granting websites or applications access to their information on other websites, such as Facebook, but without giving them the passwords. "When OAuth is used to provide service authentication, any security breach in it can lead to identity theft, financial fraud, and access to various personal information including credit card numbers, private messages, health records, and more, depending on the specific service being attacked," Sa
Cybersecurity Tactics FinServ Institutions Can Bank On in 2024

Cybersecurity Tactics FinServ Institutions Can Bank On in 2024

Feb 14, 2024Financial Security / Cyber Threats
The landscape of cybersecurity in financial services is undergoing a rapid transformation. Cybercriminals are exploiting advanced technologies and methodologies, making traditional security measures obsolete. The challenges are compounded for community banks that must safeguard sensitive financial data against the same level of sophisticated threats as larger institutions, but often with more limited resources. The FinServ Threat Landscape Recent trends show an alarming increase in sophisticated cyber-attacks. Cybercriminals now deploy advanced techniques like deep fake technology and AI-powered attacks, making it increasingly difficult for banks to differentiate between legitimate and malicious activities. These developments necessitate a shift towards more sophisticated and adaptive cybersecurity measures. Take these industry statistics, for example. Financial firms report 703 cyberattack attempts per week.1 On average, 270 attacks (entailing unauthorized access of data, appl
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