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Cyber Security in Banking: Threats, Solutions & Best Practices

eSecurity Planet

Cyber security in banking has become the frontline defense against an ever-growing wave of digital threats. With billions of dollars and sensitive data at risk, banks are under constant pressure to stay one step ahead of cybercriminals. Table of Contents Toggle What is Cyber Security in Banking?

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Microsoft's Majorana 1 and the Path to Scalable Quantum Computing

SecureWorld News

Large enterprises should put testing quantum-resistant encryption on their roadmaps. As quantum computers grow, current encryption methods like RSA and ECC may soon become vulnerable," said Kip Boyle , vCISO, Cyber Risk Opportunities LLC. Taking these steps can save both time and resources in the long run."

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Best Ransomware Protection

Hacker Combat

You are neither safe on your private nor public network, as ransomware can encrypt your files and hold them hostage. When you open an infected file that seemingly appears safe, ransomware executes its process by encrypting data. You can defeat ransomware through specific preventive measures, including software and encryption.

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SandboxAQ Open Sources Cryptography Management Tool for Post-Quantum Era

eSecurity Planet

The AI and quantum spin-out from Alphabet uses the Sandwich framework for the Cryptoservice module in its SandboxAQ Security Suite, currently used by several U.S. government agencies, global banks, telcos, and tech companies. Also read: The U.S.

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2.9 Billion Records Exposed in NPD Breach: How to Stay Safe

eSecurity Planet

Enable Multi-Factor Authentication (MFA) Even if your password is compromised, MFA adds an extra layer of security by requiring a second verification form, such as a code sent to your phone or generated by an authentication app. This can typically be done in the account settings under the security section.

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From Caribbean shores to your devices: analyzing Cuba ransomware

SecureList

As with most cyberextortionists lately, the Cuba gang encrypts victims’ files and demands a ransom in exchange for a decryption key. Single extortion: encrypting data and demanding a ransom just for decryption. Double extortion: besides encrypting, attackers steal sensitive information.

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How to Prevent Malware: 15 Best Practices for Malware Prevention

eSecurity Planet

Control Inbound and Outbound Traffic: Configuring firewall rules to manage both incoming and outgoing traffic is an important defense against cyber threats, preventing unauthorized access and malicious software from stealing data. Strengthen Router Security: Enhance your router’s security by changing default login credentials.

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