Top 5 trending cyber-attack techniques affecting your enterprise!

  Bringing to the Fore – Costs Associated with a Cyber Breach Einstein famously defined insanity as “ doing the same thing over and over again and expecting different results. ” We may relate this saying with redundant and repeated function/processes that companies continue to follow including archaic security strategies while data breaches. There are cases guiding IT security strategists to take a close re-look and close any security loop. But most of them just stay put, with failed efforts and unconvinced nontech decision-makers. Insane, it is! Safeguarding IT Systems is crucial in bringing down the unforeseen costs of the breach. Ponemon Cost of Data Breach Study’s researchers interviewed IT, compliance and information security practitioners, stating that in 2016 the average consolidated total cost of a data breach grew from $3.8 million to $4 million. The global study reports that the average cost incurred for each lost or stolen record containing sensitive and confidential inf...

  As per data released by the   Identity Theft Resource Center (ITRC) , during 2015 (as of December 1, 2015), out of the total data breaches reported, around 35 percent were from the medical/healthcare industry. Although, the total breaches stood at 717, and the medical/healthcare industry saw breaches of 248 during the year, what is worrying is that from the total number of records compromised, almost 68 percent of records were medical data. A whooping 120,077,576 medical records were compromised out of the total 176,275,271 data during the period. Obamacare has encouraged health data, relying heavily on patient information, passed on through electronic media. It has, subsequently, opened a channel for cybercriminals to steal unprotected sensitive data from various health / medical channels including hospitals or insurers. Electronic medical records thefts and data breaches are a reality in today's healthcare industry. How is medical identity theft denting the industry? The i...

The Financial industry is driven by data from user details, transactions, account details, payment information, access governance, vendor management and so on. For financial organizations, having a strong plan to defend against cyber-attacks and creating an action-based process to deal with a potential attack is crucial. Getting basics in place, and augmenting IT security with the right set of technology not only secures IT assets but works towards thriving operations within an organization. There are drastically lower computing challenges related to IT hold up. A strategically aligned IT Security System with the right set of application integration, identity management, governance of access, notification mechanism etc. is imperative for IT Systems to flourish. Despite the best of technological systems in place, the robustness of a system has to stand the test of time, and whether it has come of age with respect to technological offerings in the market that are up to the needs of the s...

  With a strong foundation for an information security framework, organizations need to put the basics in place and then evolve. In a healthcare setting a reasonably practical IT Security strategy to eliminate all possible cyber security risks is not usually possible. Given the extent of access required by various clinical and lab, the staff keeps changing, the dynamics of the IAM framework in a healthcare setting is quite different. In addition to the brick and mortar, IT fixes – to discover and close any possible loopholes. Keeping this in perspective, a smart and very simple risk assessment strategy safeguard a possible attack into the system. Risks in cyberspace (IT Security aspect) in hybrid healthcare IT System emerges from users, devices, applications and IT connections. Depending on the load on threat points, each organization has a different set of challenges while coming up with an IT System that is 100% foolproof. On top of IT Security considerations there are some areas...

The impact of medical identity theft on healthcare providers is considerable in terms of business loss, regulatory penalization and reputational damage. Since the implementation of the  Health Insurance Portability and Accountability Act (HIPAA)  in 1996, there has been exponential and constant adoption of digital capabilities within the healthcare industry. Such capabilities include  maintaining patient information in a number of scattered sources, usage of mobile technology to access sensitive information by clinical staff, access to payment-related information by administrative staff, a repository of numerous patient health records in the custody of lab managers and so on . Identity and Access Management (IAM) Technology  fits the requirements of any healthcare establishment to comply with HIPAA. In addition to various automated mechanisms such as audits, notifications, password self-service, strategically aligning business goals to identity management, acces...

With the help of new-age technologies, small businesses can now be at par with contemporary counterparts by adopting affordable, secure, and scalable cloud-based IAM technology. For starters, it is important for small businesses to differentiate Identity and Access Management (IAM) technology-related myths from facts.  It is now a fact that IAM technology is for all – Small, Large, and Midsized Corporations . Bringing IAM technology into an organization’s IT System is becoming more and more possible. There is a lot that small businesses can derive from IAM technology. The technology offers possibilities for small businesses to achieve automation at a fraction of cost along with easy implementation. Small businesses are coming up and undertaking complete operations with the support of cloud apps. It brings them all the benefits of technological evolution at a substantially lower total cost with no hardware and maintenance requirements, and more value for money, elastic licensing mod...

The reason why financial services enterprises require robust identity management systems that would help them approach security and compliance in a holistic manner. Let’s start with exploring various technological aspects of implementing IAM Solutions in the Financial Services Industry. For starters, the regulatory environment – General Data Privacy Regulation (GDPR) and the deadline for implementing measures should be a reason enough for tightening  IAM in the financial services industry and charting a clear strategic roadmap.  Consumer interaction in the financial services industry is the  future of identity management.  Enterprise IT System in the Financial Services industry needs to be robust, and they can  benefit from Consumer Identity and Access Management  (CIAM) capabilities – including managing identities, understanding challenges in implementing IAM Solutions, harnessing IAM technology in the changing IT ecosystems. Within the financial services ...