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Rising Cybercrime Threatens Financial Sector: A Look at PCI DSS v4.0 The COVID-19 pandemic has brought about a surge in cybercrime activity, posing a significant challenge to various sectors, with finance and the payments industry being particularly vulnerable. Cybercriminals routinely target the financial sector due to the prestige associated with compromising high-profile finance names and…
Enterprises Struggle to Combat Evolving Threats in the Digital Landscape In a rapidly changing digital landscape, enterprises are facing increasing difficulties in keeping cyber threats at bay. The latest report from IDC on digital forensics and incident response (DFIR) highlights various challenges faced by companies in the Middle East across different industries. The report reveals…
The Surge in Cybercrime and the Importance of Cybersecurity in the Payments Industry The outbreak of the COVID-19 pandemic has witnessed an alarming surge in cybercrime activity, with the finance sector, especially the payments industry, being a primary target. In 2022, more than 60% of global financial institutions with over $5 billion in assets were…
The Importance of Employee Compliance in SaaS Security Persuading employees to adhere to software-as-a-service (SaaS) and other cybersecurity policies is crucial in protecting against breaches and incidents. According to Gartner, 99% of cloud breaches are caused by preventable misconfigurations or mistakes made by end users. The average cost of a breach now exceeds $4.4 million,…
Threat Intelligence Protection is No Longer Straightforward – Why More Cybersecurity Solutions Must Incorporate Context The Need for Context-Aware Cybersecurity Solutions In the rapidly evolving landscape of cybersecurity, traditional one-size-fits-all approaches to threat intelligence protection are no longer sufficient. With the increasing volume of data generated from various sources and the emergence of new threats,…