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Why your bank should be worried about human error in cybersecurity

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.

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Tags: #cybersecurity, #HumanFactor, #phishing, banks and credit unions

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How Biometrics are Addressing Growing Cyber Security Issues in Banking

When an intruder breaks into your environment, you're not aware of when they broke in, how they broke in, and what they compromised. How do they break in? Well, Tessian suggests around 90% of data breaches1 are caused by social engineering - meaning, some type of human error and stolen passwords lead to a successful cyber attack.

Today, banks and other financial services are facing growing cyber...

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Tags: #cyberattacks, #cybersecurity, #passwords, Biometrics, identity bound biometrics, banks and credit unions

In Cyberspace, You Need to Trust Who You're Working With

Working in a digital environment has not only opened new opportunities for efficiency but also created several challenges. One of them is the increasing number of frauds that appear when enterprises do not have appropriate solutions for identity verification.

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Tags: #cyberattacks, #cybersecurity, identity management, identity bound biometrics

by BIO-key Team 0 Comments

Why Cyber Insurance is Critical for Banks?

Why do some customers choose one bank over another? Is it because of quality of service? Wide coverage of ATMs? While most do value both of these, neither one is the leading consideration. Customers rely on banks to deploy first-class security measures to safeguard their most valued possessions and financial assets, making trust the most critical component when deciding on who to bank with. When...

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Tags: #cybersecurity, MFA, cyber insurance, banks and credit unions

by Kimberly Johnson 0 Comments

Russia's Invasion of Ukraine Ignites Global Cyber Ramifications

"Russia Hammers Ukraine with Massive Cyber-Attack". While you would assume this is a "hot headline" blasting across the media in response to the Russian invasion of Ukraine this week, this is actually a headline from a Business Insider article published in 2014 - 8 years ago. The Russian cyberattack history on Ukraine is much longer (and dedicated Wikipedia page) than many people think. The...

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Tags: #cyberattacks, #cybersecurity

by BIO-key Team 0 Comments

What advice do CISOs have for admins reviewing cybersecurity?

Are you and your IT team utilizing the best cybersecurity practices? Maybe you are, but the rest of your company doesn’t even know the basics. 

During our 2022 Cyber Predictions webinar, we asked our panel of CISOs from a wide range of industries, “What advice do you have for companies reviewing their cybersecurity?”. Surprisingly enough, our panel all had very similar advice. From improving...

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Tags: #cyberattacks, #cybersecurity, #passwordmanagement, User Experience, User Authentication, end-users

by BIO-key Team 0 Comments

County Officials: 3 Cybersecurity Questions You Should Ask IT

 

After attending the NACo Annual Conference this year and having the pleasure of speaking with hundreds of county elected officials and their IT teams, it was clear that the topic of cybersecurity was top of mind for everyone. The recent headlines about cyberattacks, especially ransomware on major organizations including Tyler Technologies, Solarwinds, the Colonial Pipeline, JBS, and Kaseya...

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Tags: #cybersecurity, information security, IT Department, state and local

by BIO-key Team 0 Comments

How will the MFA Requirement for Salesforce affect You?

 

The Multi-factor Authentication (MFA) requirement for Salesforce is meant to add a layer of security and increase protection against unauthorized account access. Starting February 1st, 2022, Salesforce will require customers and users to utilize MFA to access Salesforce products. Customers do have the option to use an MFA solution provided by Salesforce or use a supported, third-party MFA...

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Tags: authentication management, MFA, Multi-Factor Authentication, Two-Factor Authentication, User Authentication, password requirements

by BIO-key Team 0 Comments

Deploying Zero Trust? Scopes, Budgets, and Priorities

In today’s day and age, your organization is likely facing new cyberthreats, pushed to working remotely due to the COVID-19 pandemic, wanting to safeguard more sensitive files throughout the organization, or a mix of all the situations. IT administrators and managers have the difficult task of changing the cyber infrastructure to solve all these issues without heavily frustrating their users. 

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Tags: #deployment, identity management, information systems, cost-effective, zero trust

by BIO-key Team 0 Comments

That's a Wrap! Highlights from our 2021

At BIO-key, a lot has happened this year. With new product launches, insightful blogs, and sharing lots and lots of cybersecurity news, we’ve published more than 50 press releases, webinars, blogs, and eBooks in 2021.

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Tags: PortalGuard, cybersecurity leaders, identity management software, BIO-key International