Disruptive Technologies Have Changed the World but Also Increased Risks

Disruptive technologies such as Internet of Things (IOTs) and cloud computing have created enormous opportunities for global organizations. They have changed the way global corporations conduct business. According to the Australian government, disruptive technologies could generate up to $625 billion through economic activities every year by 2030 in the Asia-Pacific (APAC) region alone.

While disruptive technologies create new opportunities they also make IT assets vulnerable. Indeed, with tons of data stored in cloud, organizations risk data breach from malicious outsiders.

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Recent Bank Heists: Why to Compromise Critical IT Assets?

A $101 million bank heist, earlier this year, brought the issue of cybersecurity to the forefront once again. In a sophisticated operation, cybercriminals robbed the Central Bank of Bangladesh by getting hold of SWIFT (society for Worldwide Interbank Financial Telecommunication code), the access code for global cross-border payment messaging system.

More important, it wasn’t an isolated case. Even as the dust over Bangladesh bank incident had not settled, the global banking system was again taken aback. This time it was an Ecuador bank, which was hit by a $12 million cyber-heist. The modus operandi was same.

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Data like water

is data like water?

Data like water is an interesting analogy, It was only during one of my vacations that along a beach, i realized how the two are really similar and especially in the world of technology how data flow is akin to water flow. This paper tries to establish similarities, one’s ability to capture and track source. Further how identities are critical and how data can be tagged to various users. Also it is critical to examine the storage and linkages to the identities under which data is stored.

how important is data

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A Billion Dollar Hack: – How hackers exploited Unprotected Privileged Accounts

Summary: How the Carbanak hacker’s group stole a billion dollars without getting caught and what we

learn from it.

The financial world and the security industry have been rocked by the recent report from Kaspersky about the cyber-criminals that have stolen more than $1 Billion from global banks through cyber-attacks. The initial reports link the attacks to a multinational criminal group, and highlight the use of sophisticated malware, dubbed Carbanak.

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