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With IT outages and disruptions escalating, IT teams are shifting their focus beyond simply backing up data to maintaining operations during an incident. One of the key drivers behind this shift is the growing threat of ransomware, which continues to evolve in both frequency and complexity. Ransomware-as-a-Service (RaaS) platforms have made it possible for even inexperienced threat actors with less or no technical expertise to launch large-scale, damaging attacks. And these attacks don't just encrypt data now. They exfiltrate sensitive information for double and triple extortion, alter or delete backups, and disable recovery infrastructure to block restoration efforts. This is especially critical for small and midsize businesses (SMBs), which are increasingly targeted due to their leaner defenses. For an SMB generating $10 million in annual revenue, even a single day of downtime can cost $55,076 , without factoring in the long-term impact on customer trust and brand reputation. While...

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...

Introduction Cyber threats targeting supply chains have become a growing concern for businesses across industries. As companies continue to expand their reliance on third-party vendors, cloud-based services, and global logistics networks, cybercriminals are exploiting vulnerabilities within these interconnected systems to launch attacks. By first infiltrating a third-party vendor with undetected security gaps, attackers can establish a foothold, leveraging these weaknesses to penetrate the primary business partners' network. From there, they move laterally through critical systems, ultimately gaining access to sensitive data, financial assets, intellectual property, or even operational controls. Recent high-profile breaches like the 2024 ransomware attack that hit Change Healthcare, one of the world's largest health payment processing companies, demonstrate how attackers disrupted supply chain operations stealing up to 6TB of millions of patients' protected health information (PHI)....

Introduction Financial institutions are facing a new reality: cyber-resilience has passed from being a best practice, to an operational necessity, to a prescriptive regulatory requirement. Crisis management or Tabletop exercises, for a long time relatively rare in the context of cybersecurity, have become required as a series of regulations has introduced this requirement to FSI organizations in several regions, including DORA (Digital Operational Resilience Act) in the EU; CPS230 / CORIE (Cyber Operational Resilience Intelligence-led Exercises) in Australia; MAS TRM (Monetary Authority of Singapore Technology Risk Management guidelines); FCA/PRA Operational Resilience in the UK; the FFIEC IT Handbook in the US, and the SAMA Cybersecurity Framework in Saudi Arabia. What makes complying with these regulatory requirements complex is the cross-functional collaboration between technical and non-technical teams. For example, simulation of the technical aspects of the cyber inciden...

Critical infrastructure attacks are a preferred target for cyber criminals. Here's why and what's being done to protect them. What is Critical Infrastructure and Why is It Attacked? Critical infrastructure is the physical and digital assets, systems and networks that are vital to national security, the economy, public health, or safety. It can be government- or privately-owned. According to Etay Maor, Senior Director Security Strategy at  Cato Networks , "It's interesting to note critical infrastructure doesn't necessarily have to be power plants or electricity. A nation's monetary system or even a global monetary system can be and should be considered a critical infrastructure as well." These qualities make critical infrastructure a preferred target for cyber attacks. If critical infrastructure is disrupted, the impact is significant. In some cases, such cyber attacks on critical infrastructure have become another means of modern warfare. But unlike ...

In an era where digital transformation drives business across sectors, cybersecurity has transcended its traditional operational role to become a cornerstone of corporate strategy and risk management. This evolution demands a shift in how cybersecurity leaders—particularly Chief Information Security Officers (CISOs)—articulate the value and urgency of cybersecurity investments to their boards.  The Strategic Importance of Cybersecurity Cybersecurity is no longer a backroom IT concern but a pivotal agenda item in boardroom discussions. The surge in cyber threats, coupled with their capacity to disrupt business operations, erode customer trust, and incur significant financial losses, underscores the strategic value of robust cybersecurity measures. Moreover, as companies increasingly integrate digital technologies into their core operations, the significance of cybersecurity in safeguarding corporate assets and reputation continues to rise. The Current State of Cybersecurity in C...

The lines between digital and physical realms increasingly blur. While this opens countless opportunities for businesses, it also brings numerous challenges. In our recent webinar, Shaping the Cyber-Physical Future: Trends, Challenges, and Opportunities for 2025 , we explored the different factors shaping the cyber-physical future. In an insightful conversation with industry experts, we discussed the most pressing security concerns of today and how to address them. Allison J. Taylor, the founder and CEO of Thought Marketing LLC, unveiled trends and recommended strategies businesses can employ to proactively bolster their security amidst evolving cyber challenges. Cesar Salazar, COO of Claro Enterprise Solutions, delved into innovative solutions that could propel business tech forward. He emphasized cyber-physical convergence, the use of emerging technologies, and responsive security operations. Below are the key takeaways from the webinar. These provide an overview of why businesses...

This week's cyber world is like a big spy movie. Hackers are breaking into other hackers' setups, sneaky malware is hiding in popular software, and AI-powered scams are tricking even the smartest of us. On the other side, the good guys are busting secret online markets and kicking out shady chat rooms, while big companies rush to fix new security holes before attackers can jump in. Want to know who's hacking who, how they're doing it, and what's being done to fight back? Stick around—this recap has the scoop. ⚡ Threat of the Week Turla Hackers Hijack Pakistan Hackers' Infrastructure — Imagine one hacker group sneaking into another hacker group 's secret hideout and using their stuff to carry out their own missions. That's basically what the Russia-linked Turla group has been doing since December 2022. They broke into the servers of a Pakistani hacking team called Storm-0156 and used those servers to spy on government and military targets in Afghanistan and India. By doing th...