According to IBM, the average cost of a data breach was $4.24 million1. When companies compare that insurmountable cost to spending 10-20% of their annual budget on cybersecurity, it’s a hard pill to swallow when you hear companies save that money and face cyber risk.
Today, cybersecurity is a major investment, and companies need to be proactive in defending their network and assets....
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Whether you're an MFA pro ready to implement a security policy or authentication protocol, or a newcomer interested in learning the basics of multi-factor authentication, you've come to the right place. Our latest eBook, "Ranking Authentication Methods (And Choosing The Right One)" analyzes, explains and ranks the different methods of authentication supported by PortalGuard today.
Continue Reading →Tags: Authentication, MFA, Multi-Factor Authentication, identity bound biometrics
The financial services sector is one of the most heavily regulated industries in the world, with controls imposed by government and industry bodies on many aspects of operating within the sector. That should come as no surprise, given the wealth of data held by banks and other institutions on organizations and individuals, not to mention the wealth itself. There are many regulations that include...
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We don’t see threat actors as a group deciding to stop attacking the financial services sector. A win is too profitable, and the mere presence of threat signals can serve geopolitical goals. In other words, the financial sector will remain a key focus for cyberattacks and cyber fraud. Some threat actors unleash cyberattacks in pursuit of financial gain through malicious or nefarious means; others...
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Financial services organizations have been increasingly under attack from cyber threat actors, and this trajectory is unlikely to abate. Firms need to ensure they have the right solutions in place to protect and defend themselves, their customers, and the financial systems in which they participate. It is important to note that solutions require people with an advanced understanding of how the...
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Universities may have trouble with their cyber security strategy. Unfortunately, this issue leads to diminishing student experience, increased chance of a third-party cyberattack and costs the university team a lot of money.
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If you have a smartphone, you bring it everywhere with you: to work, social gatherings, and even carry it around your home. As the smartphone evolved, it began to play bigger role in everyday life, serving as far more than simply a device to make calls and send texts. Today, in tandem with advancement in the cybersecurity world, our phones are also now authentication devices to facilitate the ...
Continue Reading →Tags: mobile authentication, mobile authenticator, identity bound biometrics, MobileAuth
BIO-key has always been a global organization and we are excited to strengthen our global presence and expand our offerings in EMEA and around the world, with the recent acquisition of Swivel Secure Europe and the appointment of Alex Rocha as the Managing Director for BIO-key in EMEA.
We recently sat down with Alex to discuss his new role and what this means for BIO-key and the global markets...
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Around 68.5% of businesses worldwide experienced a ransomware attack in 2021, according to Statista. During the COVID-19 pandemic, nearly 85% of data breaches involved defrauding humans.
These cyberattacks can be carried out in several ways. In many cases, your files will be held hostage until you pay a ransom to the malicious actor who executed the attack. These incidents cause costly...
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Here's a scenario: your bank has implemented an unbreakable cybersecurity solution. It neutralizes any outside threat and keeps sensitive data like customer information as safe as possible. One day, you come into work to find that's all been compromised. At this point, you're asking yourself, "how could have this possibly happened?" Let's look beyond the security technology, itself.
Continue Reading →Tags: #cybersecurity, #HumanFactor, #phishing, banks and credit unions
