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Are We Ready to Give Up on Security Awareness Training?

Are We Ready to Give Up on Security Awareness Training?

Dec 19, 2023 Cybersecurity Training / IT Security
Some of you have already started budgeting for 2024 and allocating funds to security areas within your organization. It is safe to say that employee security awareness training is one of the expenditure items, too. However, its effectiveness is an open question with people still engaging in insecure behaviors at the workplace. Besides, social engineering remains one of the most prevalent attacks, followed by a successful data breach.  Microsoft found  that a popular form of video-based training reduces phish-clicking behavior by about 3%, at best. This number has been stable over the years, says Microsoft, while phishing attacks are increasing yearly.  Regardless, organizations have faith in training and tend to increase their security investments in employee training after attacks. It comes second in the priority list for 51% of organizations, right after incident response planning and testing, according to the IBM Security  "Cost of the Data Breach Report 2023" .  So, wh
6 Steps to Accelerate Cybersecurity Incident Response

6 Steps to Accelerate Cybersecurity Incident Response

Nov 23, 2023 Incident Response / Endpoint Security
Modern security tools continue to improve in their ability to defend organizations' networks and endpoints against cybercriminals. But the bad actors still occasionally find a way in. Security teams must be able to stop threats and restore normal operations as quickly as possible. That's why it's essential that these teams not only have the right tools but also understand how to effectively respond to an incident. Resources like an  incident response template  can be customized to define a plan with roles and responsibilities, processes and an action item checklist. But preparations can't stop there. Teams must continuously train to adapt as threats rapidly evolve. Every security incident must be harnessed as an educational opportunity to help the organization better prepare for — or even prevent — future incidents. SANS Institute defines a framework with six steps to a successful IR. Preparation Identification Containment Eradication Recovery Lessons learned While these p
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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