Security against electronic attacks which include cyber warfare is now taken into perspective by many institutions around the world. This is as a result of the increasing rate of cyber attacks both individuals and institutions are going through at some stage in working hours on the internet. Cyber security has been of importance in all aspects of the web working environment because of sensitive documents that can be affected.
One of these places is the healthcare sector as confidential statistics of patients may be hacked and exposed to the world if measures are not installed well. Let me take you through the cyber security schooling and what measures can be put in place to reduce it or forestall it entirely. In reality, except the health zone, the banking and finance Industry is one of the major institutions dealing with this problem.
The Banking and Financial Industry
Gone are the times whilst all transactions at the financial institutions were completed via handwriting. Today, a new era has developed and has taken over surely all transactions online with out necessarily taking walks to the banking hall to do business. All you need is an app on your phone and that’s it – you’re good to go.
This would not dispute the reality that a few monetary establishments are nonetheless remotely running further to the online transactions. In times past, daylight robbery in the banks was rampant but today, there are numerous cybercrimes committed against the banks without physically walking to the premises to pull a trigger. The sad part of this is how these criminals retrieve vital information which includes the identities of clients of the said organizations and use them for other crimes elsewhere.
However, financial institutions are confronted with hundreds of cyber attacks every single day. This reminds me of an incident that occurred few years ago when Capital One’s bank device was hacked by cyber criminals who captured the personal records of over a hundred million people and on top leaked it to the world.
In 2018, over 3,000 known success cyber attacks against financial institutions were revealed the Treasury Department’s Financial Crimes Enforcement Network. Clearly, this means no one is safe. When a bank or any other group do not tighten up their safety, those attackers will without difficulty penetrate and do what they love doing best in particular, if your data system is fairly vulnerable and has what we call the “configuration vulnerability”.
It is time all institutions making use of the internet work hard and install very stringent online security features to stop those fraudsters from penetrating the banking and healthcare industries. Sadly, most businesses around the world has already invested so much of their moneys into cyber protection system but still those peeps are able to penetrate.
The big question is are the banks safe, and why are they still being attacked?. Perhaps, most of those protective strategies are quickly performed after the problem rises and everyone seems to be speaking about it. An anticipatory measures must rather be effected to forestall or lessen the inundation. If proper security measures are not installed, you have to obviously anticipate that the trust reposed in you by your customers as an institution will wreck into pieces.
Also, institutions ought to be very much aware that those hackers thrive on vulnerable passwords, loaded emails with harmful computer codes to operate. Therefore, the IT department of any institution should constantly be on alert to counter-attack those people. Every institution should be able to scan all their softwares and update them frequently and making sure unsolicited mail filters are ok in your company’s email system.