Knowledge-driven World Spurs Innovation but also Brings Risk

We live now in a knowledge-driven world where advanced technologies like ‘big data’ analytics spur innovation and boost efficiency. Thanks to it, companies are now able to collect and analyze a large set of data, allowing them to study the industry’s trends and patterns, in a real-time.

Increasing digitization of businesses, however, has also given rise to cybercrimes. Every year, businesses witness cybercrime related losses that run into billions of dollars. Our information systems today are constantly under risks. Ransomware, hacking from rogue elements, and denial-of-service assaults are very rampant.

Read More

Financial Implication of a Data Breach is Huge

We have been touring across the world since the beginning of the year, participating in several IT security events. While our main goal is to educate organizations–amid rising cybercrime– to reinforce their information systems by adapting to our risk-management solutions, we are also meeting with Chief Information officers (CIOs), Chief Information Security Officers (CISOs), and audit and compliance officers.

One-to-one meetings help us in understanding IT security needs. As an IT security provider, however, we must tell you that it is very heartening to find that organizations across all industries, have shown increased awareness towards cyber-security.

Read More

Are ROE, ROCE, ROA the Only Metrics for Investors?

Protecting Critical IT Assets Becomes More Important as Investors Look beyond Traditional Metrics

For any publicly traded company or a private organization, creating long-term shareholder value remains a top priority. When a company consistently creates value, it’s easier to attract investments both for the organic or inorganic growth.

Accordingly, the management always strive to improve key business metrics, which offer an exact picture of the fundamental strength of a company.

Read More

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.

Read More