IT security concerns of the finance sector

The time to increase cyber situational awareness and establish better security strategies has never been more opportune. Since 2015, the number of attacks on the financial services sector has increased and shows no signs of letting up. Whether it be extortion or credential-stealing malware, different tactics are utilized to target desired areas. To optimize safety, security professionals should get up-to-date with the latest treats. Here are seven to look out for:

Extortion

The cyber criminal Armada Collective gained notoriety for being the first to utilize distributed denial-of-service (DDoS) attacks. This occurs when multiple systems flood a targeted system to temporarily or completely disrupt service. They evolved the idea further and started to extort Bitcoins from victims who were initially notified of their vulnerability. If they didn’t comply with the ransom demands of the criminals, they would flood their systems until the victim's network would shut down completely.

Social media attacks

This involved criminals using fake profiles to gather information for social engineering purposes. Fortunately, both Facebook and Twitter began to proactively monitoring for suspicious activity and started notifying users if they had been targeted by the end of 2015. However, you should still have your guard up when someone you don’t know, or even a friend or colleague, starts asking you suspicious questions.

Spear phishing

Phishers thrive off familiarity. They send out emails that seem to come from a business or someone that you know asking for credit card/bank account numbers. In 2015, phishers went to the next level and began whaling. This normally involved spoofing executives’ emails (often CEO’s) to dupe the finance departments to transfer large sums of money to fraudulent accounts.

Read more...



Cost efficiency and virtualization

Small and medium-sized businesses have been seeing improvements in cost reduction and disaster recovery with the adoption of virtualization. Over the last year, virtualization has enabled Strem Chemicals, a Massachusetts-based manufacturer and marketer of specialty chemicals, to see improvements beyond their bottom line. Here are some of the reasons why thousands of companies are saving a substantial amount of money from virtualization.

Read more...



Be more productive with Office 365

When you first purchased Office 365, you were likely hyped about the productivity gains it can produce. But if your business has yet to realize them, you may be feeling a bit miffed or agitated that the service didn’t deliver on its promise. However, it’s wise to remember that in order to get the most out of a service, regardless of what it is, you need to know how to utilize it properly. Here are a few ways your business can do that with Office 365.

Read more...



Improve your online image in 4 steps

Reputation and image management has come a long way from being the vapid process it was decades ago. It is now vital to those wishing to find wealth, trustworthiness and entrepreneurial longevity, and nowhere is this more important than on the Internet. With that in mind, here are a few tips to help you establish your brand on the web.

Read more...



Stay in operation with these BCP strategies

Power outages, disasters and other disruptions happen. And thousands of businesses around the globe are affected by them every year, with lost profits ranging into the millions, if not billions. So how can your business protect itself and stay open when the unexpected strikes? Here are five common business continuity strategies that many companies rely on.

Read more...