Cybersecurity is made up of three key pillars; people, process and technology. To ensure you have Defence in Depth, it is important to ensure a cyber aware culture across your organisation. Employees must understand the importance of information so they take appropriate steps and implement the right controls. Triskele Labs cybersecurity awareness training programs are built to empower employees to make the right decision and protect themselves, systems and information against ongoing threats.
Incident response is a word both well-known and dreaded by anyone well-versed with the processes and terminology of the world of cybersecurity.
Referring to the methodology used to handle security incidents, breaches, data leaks and other threats, cybersecurity incident response is, essentially, your doomsday plan or strategy.Within this process, there are a few crucial stages: Identifying attacks, minimising potential and actual damage, and then remedying the vulnerabilities that lead to the attack in the first place and adopting long-term preventative measures.
The global BFSI security market size is estimated to reach USD 74.3 billion by 2025, expanding at a CAGR of 13.1%, according to a new report by Grand View Research, Inc. Increasing risk of data loss owing to cyberattacks on banks and insurance companies is anticipated to propel the growth.
Thereby, cyber threats have prompted financial institutions to deploy reliable safety solutions at their premises.Frequent emergence of new malware variants is driving demand for advanced safety solutions in the banking, financial services and insurance security market.
For instance, in 2016, a mobile malware, masked as an application upgrade, was discovered.
The malware displayed fake sites over authentic banking homepages for filching banking credentials of consumers.
Financial databases stored on cloud create need to verify safety systems of the cloud service provider.
The market is lucrative in developing regions, such as Asia Pacific, owing to digitalized business operations in the BFSI industry.Financial companies are stressing on consumer data protection and are implementing solutions such as firewall and threat management software.