Online Frauds | Finlock

  The cyber security threat landscape has been significantly altered by the pandemic over the past few months. Technology has played a big role within the definition of the "new normal" as businesses round the world became dependent upon technology to manage their day-today operations via a foreign work model. Businesses and organizations are finding it harder to enforce policies like endpoint encryption, disabling removable medium, identification of unauthorised software, secure connectivity with office network, etc. This is a golden opportunity forber cyber criminals to hack into organizations, steal data, disrupt networks, and so on. In Q1 2020 , quite 8 billion data records were stolen. These incidents have opened cyber insurance India for organisations trying to attenuate the damage from data breaches and cyber incidents. Cyber policy may be a sort of risk transfer that organisations use to guard themselves against cyber-attack-related losses and expenses. Globally, the ...

  Currently, the 2 most trending industry topics are online fraud protection security and data privacy. Hence, it's vital for people who are a part of the cyber security domain or have the aim of pursuing a career during this domain, to be updated with the newest trends. within the half of 2019, almost 4.1 billion records were exposed in data breaches. If one works within the cyber security domain, s(he) must stay up-to-date. Browsing through cyber security blogs, reading them and gathering knowledge from exclusive cyber security websites is one among the best ways to try to to that. Some people will wish to gain awareness by reading various books. But it's not an equivalent for all. So online resources like blogs are often really helpful for developing command during this domain. To assist you in choosing the right source to accumulate knowledge, we've mentioned a number of the favored cyber security blogs to follow. Best Cyber Security Blogs by Industry Experts 1. Krebs ...

  cyber insurance in India is actually a thought whose time has come, its advent accelerated partially thanks to the dramatic changes that COVID has induced within the way business is now run. However, on the face of it, it does remain somewhat complex for the standard SME to fathom. The challenge for the insurance industry is to think through innovative business models and go-to-market strategies while building awareness and appreciation for the difficulty amongst customers. Miles to travel before the proverbial sleep, but a pot of gold to hunt . Consider the facts: Cybercrimes in India caused losses of INR 1.25T in 2019, cyberattacks on Indian entities almost trebled from 0.4M in 2019 to 1.16M in 2020. banks alone reported over 50,000 cases in FY19 with losses of ~INR 1.5B. Research indicates that over 50% of companies in India suffered downtime thanks to data loss. Covid has ushered in rapid digitization, with new processes and new working models, it seems almost inevitable tha...

  Cybersecurity is vital because it protects all categories of knowledge from theft and damage. This includes sensitive data, personally identifiable information (PII), protected health information (PHI), personal information, property , data, and governmental and industry information systems. Without a cybersecurity program, your organization cannot defend itself against data breach campaigns, making it an irresistible target for cybercriminals. Both inherent risk and residual risk is increasing, driven by global connectivity and usage of cloud services, like Amazon Web Services, to store sensitive data and private information. Widespread poor configuration of cloud services paired with increasingly sophisticated cyber criminals means the danger that your organization suffers from a successful cyber attack or data breach is on the increase . Business leaders can not solely believe out-of-the-box cybersecurity solutions like antivirus software and firewalls, cybercriminals are gett...

  Cyber Security is becoming a severe issue for people , enterprises, and governments alike. During a world where everything is on the web , from cute kitten videos and our travel diaries to our mastercard information, ensuring that our data remains safe is one among the most important challenges of Cyber Security. Cyber Security challenges are available in many forms, like ransomware, phishing attacks, malware attacks, online fraud protection and more. India ranks 11th globally in terms of local cyber-attacks and has witnessed 2,299,682 incidents in Q1 of 2021 already. 1. RANSOMWARE ATTACKS Ransomware attacks became popular within the previous couple of years and pose one among India’s most prominent Cyber Security challenges in 2021. consistent with the Cyber Security firm Sophos, about 82% of Indian organizations were hit by ransomware within the last six months. Ransomware attacks involve hacking into a user’s data and preventing them from accessing it until a ransom amount is...

  The COVID-19 pandemic has disrupted organisational functioning and intensified technological and financial risks. There has been a rise in internet usage as people are performing from home, thus increasing the probabilities of cyber-crime. consistent with ICICI Lombard General Insurance, within the third week of June, hackers in China made 40,300 cyber attacks on India that were facilitated by COVID-19 scams. Considering the fragile situation rising from the work from home policies permitted by organizations, this is often indeed the time for people to stay alert. Earlier cyber-security insurance was primarily accepted by corporate which are now being increasingly demanded by retail customers and individuals performing from home. Increase in Cyber Risks Employees performing from home have started their inquiry for cyber insurance. As companies are permitting work from home, individual policy for cyber insurance in india is probably going to urge established soon. Few common cybe...

  Years ago, once we were complete newbies to computers, data loss was a frequent occurrence. Files were lost as they weren't saved alternatively power cuts played culprits. We saved our work on floppy disks, and CDs, remember? But the matter was that they often got corrupted. I once had to redo the whole year’s marksheet for my class at the 11th hour! And then we learnt the way to backup on the disk drive itself and what a relief that was! on the other hand whoever had access to the pc could access the saved data and copy/wipe/misuse it. Also, if the device crashed, we would have liked a technician to retrieve it from the drive. So, we learnt the way to take backups on external drives, for safety and better storage. And now in fact , there’s cloud storage. We have also seen how data are often compromised within the process of transmission, device theft or hacking. Such losses not only disrupt peace of mind but also affect business dealings. it's going to have various consequen...