All organizations providing financial services such as banking, investment, and insurance constitute financial institutions. Financial frauds and identity thefts in such institutions have increased significantly with the digitalization of the sector. Today, financial institutions are among the top targets of phishing and other cyber threats.
The struggle to ensure phishing protection is tedious because phishing emails never cease to lure people into clicking on malicious links or downloading corrupt files. The following news headlines testify to the enormous financial loss and data theft caused by phishing attacks.
Hackers use social engineering in text messages and emails to launch phishing attacks on unsuspecting users and persuade them to share private information such as their login credentials or bank account details. Phishing schemes are becoming more advanced, and targeted attacks like spear-phishing are posing a threat to many organizations. While they deploy spam filters
Security experts insist on employing phishing prevention best practices as countless phishing attacks are launched by cyber adversaries every day. Lack of preparedness among unsuspecting users is what makes hacker groups more confident in launching more and more cyber attacks. Hence, here are the top data breaches from the bygone week to help you make
Ecash, the brainchild of Chaum and one of the first forms of cryptocurrency, was launched as an alternative to paper money in 1983. Such was the popularity of this “non-corporeal” currency that Digicash, the firm which was regulating this new monetary asset, was able to raise over $10 million in a decade. It was so
The world of phishing is an ever-evolving one. There are measures and countermeasures that keep coming back and forth. Cybersecurity specialists are always on the lookout for newer methods to create a firewall against such malicious events; anti-phishing is one of the major drives that cyber specialists undertake to safeguard their systems. However, the regular
As online education has become more prevalent than ever, schools and colleges face tremendous challenges due to COVID-19. There is growing uncertainty on the revival of regular classes for students. Many educational institutions have resorted to online education as an alternative. However, online education comes with its disadvantages. Cyber adversaries now have one more sector
It’s that time of the year. Time for a special brand of phishing emails: holiday-themed emails. Who doesn’t like receiving a discount code from their favourite retailer in an email promotion around the holidays? Or, a holiday e-card from a co-worker? Or, a shipping notification from UPS saying that a package is on the way?
The world has been a busy place in the past week. There have been many activities in the cybersecurity domain, with newer methods being deployed to counter old schemes. The virtual world is rife with exploits and counter exploits; Let’s look at some of the cybersecurity headlines from this past week.
Those days are long gone when thieves only targeted stealing physical assets such as physical money or expensive items. Today is the time of “cyber thieves” who know stealing confidential information of business entities, and impersonating them has far higher benefits.