Cyber-Security and BFSI Sector

For every consultant in the global market, it is important to understand that every industry is exposed to the cyber-attacks that are taking place globally. Industries like healthcare and financial are experiencing the worst situation in the current market scenario. But it is also true that many small-scale firms around the assorted industries are also going through a rough phase. Can we blame the professionals for this? Or is it the global corporate sector that is to blame? Looking at the numbers and facts mentioned in the literary pieces published by many sources in the past few years, one can draw a conclusion that every entity in the global market is responsible for this adversity. Addressing the impact of cyber-attacks on all the industries, let us look the important of taking security measures in the BFSI sector. Why is it imperative to emphasise on cyber-security in the BSFI sector? One of the most important reasons for focusing on cyber-security in the BFSI sector, is the fact that all the firms within this group face difficulty in implementing cyber-security measures within their organisational structure. For example, offering online purchases and one-click premium payments have not only helped the banks and insurance organisations in improving their overall customer experience, but also have made them prone to phishing attempts. Along with phishing attempts, these firms are also exposed to DDoS attacks that are directed towards sabotaging transactions on their payment portals. More important challenges faced by the BFSI sector.Using hybrid model for data management: One of the most important challenges addressed by 27001 cyber consultants like us, is that with the exponential growth in the core banking system, the banks moved to using cloud space for storing the increasing amount of data. This has made them an active and vulnerable target for attacks like phishing. Banks have been relying on hybrid model for data management for quite a long time now. This model has increased the perpetual use of fingerprint login and OTPs. Thus, if firms do not address this situation and hire professions like Assured GRC in the nick of time, it would be worse for them in the future. • Problems due to third-party integration: All the customers are increasingly relying on the internet for their banking services as well. This has let the banks in offering the core banking systems online. For example, online banking services. To mitigate getting exposed to cyber-threats, the financial and insurance institutions started relying on third-party firms. These professionals would help them in building an IT environment that can keep the entities protected against cyber-crimes. Due to the increased dependence on third-party firms and poor integration of their services, every entity in this sector witnessed elongated downtime. • The threat of being exposed to advanced persistent threat groups: The data stored within the system of BFSI firms includes sensitive information like financial details ad social security numbers. This makes them a prime target for advanced persistent threat groups around the world, as they can be used by the to extort money out of them. How can we be of help? Connecting with Assured GRC and hiring our professional services can help every organisation in the BFSI sector to efficiently tackle the challenges mentioned above. One of the main reasons that led us to offering the best cyber-security consultancy services in London is that we proactively focus on threat detection. The vulnerability assessment and penetration testing services that we extend, helps us in helping the banks in avoiding data breaches, but most importantly, they help us in assisting our clients with sustaining their reputation in their niche, as well as the global market. The benefits our clients get are: • Efficiently tapping unauthorised assess • Adding resilience towards vulnerabilities caused due to third-party integrations. • Assessing all the existing loopholes in their network infrastructure. • Gaining international certifications like ISO 27001 Our risk and compliance management services add to the overall protection we offer each organisation that we undertake. Our trained and seasoned professionals strive towards offering the best consulting services in these domains. Their collaborative effort helps us in providing a risk-free environment to our client’s firm. The cyber-security consultancy services that Assured GRC extends, also helps a firm in securing the data that they are processing. So, if yours is an organisation in the BFSI sector and you are looking for top-notch information security consultancy services, you can call us at +44 (0)203 4759 932 .

The Positive Impact of the Exponentially Rising Cyber-Crime

Information security is one of the most important factions of an organisation. Not only because of the data breaches but also because of the attention given to all the security measures. If we take a look at the overall cost, we will notice that the money spent on cyber-security protection measures is also increasing at an exponential rate. The recently published articles are credible to prove that every business entity in the global market is now facing network breaches and are perpetually exposed to the threat of being victim to heinous cyber-crimes. But they also showcase the fact that with every attack, the resilience is also improving. In 2020, the overall valuation of the global cyber-security market was valued at $156.24 billion. This show that every professional in this field is working tirelessly towards adding resilience to the technology that that help every organisation in skilfully mitigating cyber-attacks. When the professionals work efficiently to improve the efficacy of their measures and software, the overall demand for their services eventually increases. This results in the rise in demand for the consultants. For example, the cyber-security consultancy firms in the UK. According to a report published this year, the United Kingdom is among the four nations that are most resilient to cyber-attacks. This is only because of the efficiency of the consulting services. A major credit goes to the consultants because it is due their involvement in the development of preparatory cyber-security measures that the organisations around the world are taking part in mitigating these attacks too. The Biggest Cyber-Crimes to Learn From The year 2020 witness the biggest data breach in the history the global market. It was executed on Cam4 and resulted in personal data theft of about 10.88 billion accounts. When we say the “biggest” data breach, we stress on the fact that the global corporate market has witness some notorious cyber-attacks, including the Yahoo data breach in 2013, in which the cyber-attackers managed to get hold of about 3 billion accounts. How Is This Demand Benefiting The Cyber-Security Professionals? Information security consultancy services around the world take these incidents into account and work towards improving their approach towards averting these incidents. This is the reason why in the US, the information security analysts are predicting a 39% increase in their job prospective by the year 2029. Another report published last year suggested that the cyber-security professionals can earn a premium of $12,226 if they approach the increasing demand by working on their skills. CISO as a job, is also witnessing an overall growth in the demand. In 2019, the position of a CISO with an organisation, became the second -highest paying tech job. The average salary ranged between $175,000 to $275,000. Therefore, the rising demand for CISO as a service in London can be considered as a standing proof of this statement. In a nutshell, the overall cyber-security has been witnessing an exponential growth. And it is only going to help the corporates because at the end of the day, they are the ones who are getting the best candidates for protecting them from cyber-attacks. Why Should You Choose Us If You Are Looking For The Best? Assured GRC successfully anticipated this demand and has always strived towards offering the best consulting services in various domains around the world. According to a report published by Burning Glass last year, the fastest-growing cyber-security skills were development security, cloud security, risk management, threat intelligence, and incident response, with a growth if 164%, 115%, 60%, 41%, and 37% respectively. Assured GRC took this into consideration and trained its employees in specific domains like risk management, cyber essentials, cyber-security consultancy, information security, and ISO certification so that they can offer top-notch services in these domains. Our employees possess the required skills that can help our clients in achieving the goal that they have aimed for. Our attention to ISO certifications makes us all the more approachable. ISO 27001 consultancy service is a dire need for every organisation, especially the ones who are entirely operating on the digital platform. If you think our expert knowledge and versatile consultancy services are what you have been looking for, you can reach out to us at +44 (0)203 4759 932. Visit our website today to know more.

Why Focusing on Cyber Security Measures is the Need of the Hour

The entire corporate world is at a path where it is getting affected by the most successful streak of what could be termed as the most brutal network breaches in the history of the global market. That’s why; it is important for us to understand the cruciality of the situation where every individual including business professionals, organisations, and customers should take cyber security measures seriously enough to implement the best plans. Therefore, everyone agrees that even if we understand this very point, we don’t usually take necessary actions to make it happen. But this norm needs to change because the cyber criminals are getting more and more sophisticated with each successful cyber attack. So much so, that it grew from 250 billion US dollars to 400 billion US dollars from 2017 to 2019 alone. THE GRAVITY OF THE RISING CYBER CRIMES With an exponential rise in the sophistication of cyber attacks, it became evident that all the network breaches will surely possess the ability to become such a prevalent threat that the average cost of tackling a single data breach for the top tier organisations will amount to 20, 000 pounds. But everybody knows and would agree that a particular network breach not only entails huge sums of money in the form of procurement, but it diminishes the reputation of the victim organisation as well. And that’s why; besides the damage to the financial front, the damage to the reputation and the brand value of the organisation becomes the most important and the most difficult aspect to recover. Added to this particular discussion, is the fact that whenever a stipulated company in any industry across the global market, becomes the target of a cyber-attack, its customer base loses the trust in the business. This makes them explore the available options in the market because leaving the company seems to be the most logical decision at that point in time. Subsequently, it might be the main reason why information security consultancy services are being looked down upon, in the current market scenario. WHY IS IT IMPORTANT TO FOCUS ON CYBER SECURITY? The general public needs to understand why is it important to focus on the cyber security measures, and that too at a relatable level, because it’s the only way to induce the sense of data security among all of them including the influential organisations like Twitter that faced one of the biggest cyber security attacks of the year 2020. On that note, when we speak about the cyber security measures taken by the cyber security consultants from around the world, we see that all the professionals are not entirely sceptical about going through the most intense measures. But the main reason behind going through all the rigorous efforts is that the cyber attackers are getting easy access to the hacking tools that are helping them in successfully executing the most notorious cyber security attacks at some of the biggest and most influential conglomerates in the global market. NATIONS AT FAULT Not only around countries like the United States of America but the United Kingdom has also faced the brutality of cyber attacks. The reason why the inclusion of the English government is an important step in this analogy is because entities like British Airways have been subjected to one of the most highly charged fines. This fine was imposed because the British Airways failed in complying with the general data protection regulation imposed by the European Union; therefore, illuminating the fact that obviously the English government was at fault for MS appropriately managing the data of some of its customers. And whenever the data of the customers is included in a particular discussion, it only indicates the fact that the particular nation or organisation is exposed to cyber attacks in one way or another. And so, the GDPR consultancy service in London is among the highly-demanded services in the UK right now. WHAT CAN YOU DO? But it’s not like you can’t do anything to protect your organisation from these severe network breaches. You can obviously hire professionals like a short grc and secure the future of a company. Our goal-specific service for all our clients’ needs is what makes us one of the best GDPR consultants in the UK. And that in turn makes us one of the best consultants within the English government and the world as well. Call us today at +44 (0)203 4759 932 and get to know more about our top-notch services.