Why is cybersecurity important for my business? Cybersecurity is crucial for protecting your business from cyber threats such as data breaches, ransomware, and phishing attacks. These threats can lead to financial loss, operational disruption, and damage to your company's reputation. Effective cyber...
The article reviews the state of the cyber risk as a potentially one of the most dangerous ways of reputation damaging of a firm as well as a financial loss. Every firm must understand the constantly evolving risk and, moreover, the tools and all techniques to protect their systems. There ...
All businesses are vulnerable to DDoS attacks. But for financial businesses, the implications can be particularly serious – triggering panicked customers, reputational harm and potential financial loss. A DDoS attack is typically initiated by a vast army of malware-infected host machines controlled by...
We provide Financial Services industry with the tools to raise their security levels, prevent and predict cyber incidents and respond efficiently.
Business reputation and customer trust: Customers trust BFSI institutions to safeguard their personal and financial information. A data breach or cyberattack can severely damage this trust, leading to loss of customers and reputational damage. Customers are more likely to choose—or switch to—instituti...
Prevention of Financial Loss Cyber attacks can lead to significant financial losses. Not only can cybercriminals steal money directly from bank accounts or use stolen credit card details for fraudulent transactions, but databreaches can result in regulatory fines, legal costs, and reputational damage....
While these numbers are substantial, it’s worth noting that many cyberattack incidents of this nature are either underreported or unreported each year. This most recent FBI report details a significant jump in financial loss from May 2017 when losses associated with business em...
Reputational Risk- Anything that threatens a company's public perception, their good name or standing, is considered reputational risk. Examples include negative publicity, data breaches, exposed unsafe practices or policies, or other disclosures that can result in fines or penalties, profit loss, or...
Globally, aloss of $3.8 billion USDhas been reported by blockchain company Chainalysis for 2022, with 64% of the loss coming fromcross-chain bridge protocols. A blurry line between cybercrime and state-sponsored espionage Attacks can sometimes be difficult to attribute, especially when an attack...
And it was not the only big cyber attack to hit the sector in 2023. Dublin-based technology group Ion Markets was also targeted by ransomware earlier that year, which knocked out parts of the financial plumbing that underlies the vast derivatives trading industry — forcing customers, at one p...