Identifying and Addressing the Latest Ecommerce Fraud Trends
Identifying and Addressing the Latest Ecommerce Fraud Trends In 2022, ecommerce retailers can expect to see many of the same fraud issues that that have been plagued the sector in recent years, including card-not-present (CNP) fraud and account takeovers driven by the sheer volume of credentials that have been exposed through data breaches. However, new trends are emerging as fraudsters turn their attention to different types of fraud and additional groups of consumer victims.
Read moreRegulators Move to Combat Cybercrime
Regulators Move to Combat Cybercrime In December, news surfaced of cybercriminals exploiting a new network vulnerability in a piece of Java-based, open-source software called Log4j. The widely-used software performs the perfunctory task of logging data to help other programs function. By mid-December, cybersecurity experts estimated that Log4j was the target of over 100 hacking attempts per minute, leading some to call it the most serious network vulnerability they had ever seen.
Read morePoisoned AI: A Threat to Cyber Security
Poisoned AI: A Threat to Cyber Security The growing trend of Artificial Intelligence (AI) shows how important and mainstream position is taking in the business, marketing, and other industries. AI is used for the detection of faces, credit worthiness, and prediction of weather. Moreover, the combination of AI and cyber security is unavoidable. Both can impact each other in many ways. Both fields also are on the lookout for better tools and techniques for better working. These efforts are prone to be disrupted when they bypass the threats and risks without being able to detect the problem or issues.
Read moreAre you Safe from Cyber Risk?
Are you Safe from Cyber Risk? Many companies outsource their business activities. Like distribution, service provider, contracting, agents, etc. All these outsourcing make your business more prone to cyberattack or risks. The cyber risks increase. As anybody from the outsourced activity can have access to your data. It is harmful to the authenticity and business image. According to the survey conducted in January 2022 by CyberRisk Alliance of 301 companies in IT and cyber security, 95% of companies outsource their business activities. Moreover, three-quarters or more of the surveyed sample have a contract with approximately 25 different companies.
Read moreThe Increasing Trend of Metaverse and Its Impact on Risk Managers
The Increasing Trend of Metaverse and Its Impact on Risk Managers The increasing trend of Metaverse in technology is a topic of discussion nowadays. Metaverse is also a considerable factor that has an impact on financial service firms. Therefore, risk managers should learn and adopt this new trend of Metaverse to survive in the market as we cannot ignore a major development of technology and remain here.
Read moreKey Considerations When Obtaining Cyber Insurance
Key Considerations When Obtaining Cyber Insurance Lately it seems that each day brings a new cybersecurity attack or data breach, with yet another hacker locking a company’s computer system and threatening to publish sensitive data or permanently block access if the company does not pay a ransom.
Read more6 Legal Lessons for Cyber Insurance Coverage
6 Legal Lessons for Cyber Insurance Coverage Policyholders currently face what may be the toughest cyber insurance market ever. For many, requirements have tightened, premium increases have been astronomical, and obtaining the same quality of protection for cyber incidents has become more difficult—even for those organizations that have strong safeguards in place.
Read more2022 Cyber Landscape
2022 Cyber Landscape According to the Allianz Risk Barometer 2022, cyberrisk is this year’s top global business risk, with respondents rating it higher than business interruption, natural catastrophes and pandemic outbreaks. As we kick off 2022, the overarching theme of the cyberrisk landscape can be summed up in one word: more.
Read moreAn Enterprise Approach to Data Security
An Enterprise Approach to Data Security Every organization today is undergoing a journey to take advantage of the technological advances that are transforming the way we do business. This business evolution has, in turn, made information and data some of the most valuable corporate assets. But like any asset, data is exposed to myriad cyberrisks and threats that could lead to financial losses.
Read moreHow to Make Sure Your Security Risk Management Strategy Covers All Bases
How to Make Sure Your Security Risk Management Strategy Covers All Bases The field of security risk management is diverse and complex. Then, what does that entail? It entails identifying security concerns and putting procedures to deal with them. These processes involve evaluating the possible occurrence of known threats, how these attacks might exploit any weaknesses in your security defenses, and the potential impact on your business.
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