article thumbnail

Ransomware: A Thriving Business

Security Boulevard

Ransomware has become an industry unto itself, crippling organizations around the world. Others can go undetected for longer periods of time, allowing ransomware operators to exploit networks for days or even weeks before the breach is discovered. Ransomware-As-A-Service (RaaS): A Lucrative Business Model. .

article thumbnail

CFPB’s Proposed Data Rules

Schneier on Security

The rules would ensure people can obtain their own financial data at no cost, control who it’s shared with and choose who they do business with in the financial industry. The best way for financial services firms to meet the CFPB’s rules would be to apply the decoupling principle broadly.

Banking 249
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Ransomware Protection in 2021

eSecurity Planet

The internet is fraught with peril these days, but nothing strikes more fear into users and IT security pros than the threat of ransomware. A ransomware attack is about as bad as a cyber attack can get. Jump to: What is ransomware? How ransomware works. Preventing ransomware. Ransomware attacks and costs.

article thumbnail

Downtime: The Real Cost Of Ransomware

Security Boulevard

Downtime: The Real Cost Of Ransomware. Ransoms are just one portion of the total cost of a ransomware attack. Modern-day ransomware attacks are vastly different from the malware attacks from the past. Since 2016, more than 4,000 ransomware attacks have happened daily. After they’ve been hit by ransomware.

article thumbnail

It’s not ‘See you later.’ It’s ‘Goodbye’: Moving on from Tokenization in the age of Ransomware

CyberSecurity Insiders

Financial institutions could “clear” these by matching tokens with the original payment cards in highly secure back-end environments. This design was so secure and successful that it became, and remains, the gold standard of how the financial services industry protects its most sensitive data. What about encryption?

article thumbnail

How CIOs Can Protect Data Against Ransomware Attacks in 2022

Security Boulevard

How CIOs Can Protect Data Against Ransomware Attacks in 2022. Here are 4 ways to protect your organization’s most precious asset—data—against the ransomware pandemic. Ransomware has become one of the most dangerous and high-profile problems facing CIOs and CISOs worldwide. Wed, 10/27/2021 - 08:34. Hims Pawar. Oct 27, 2021.

article thumbnail

MITRE ResilienCyCon: You Will Be Breached So Be Ready

eSecurity Planet

Google’s cloud security is well regarded (and the company has shared some documentation of its security architecture and practices too). Also read : Is the Answer to Vulnerabilities Patch Management as a Service? Continuous pentesting and ransomware simulations are among Airiam’s many controls. Backup Is Hard.

Backups 134