Cybersecurity Alert: Safeguarding Financial Services in the Digital Age
In today's digital landscape, the frequency of cyberattacks are on the rise at an alarming rate. With cybercriminals constantly evolving their tactics, it has become imperative for organizations to take proactive measures to protect their digital assets and sensitive information. This includes not only implementing robust technical safeguards but also ensuring that their governance frameworks cover IT security comprehensively.
Sleek v2.0 public release is here
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What has changed in our latest release?
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All new features available for all public channel users
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Coding collaboration with over 200 users at once
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Real-time code save every 0.1 seconds
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According to this article in Digit News, the finance industry is facing an unprecedented surge in cyberattacks, ranking as the third-most attacked sector, with a staggering 119% year-over-year increase in web application and API attacks from Q2 2022 to Q2 2023, totaling around 1 billion attacks.
There’s a multitude of measures that must be in place to comprehensively protect your IT security, one significant area is making sure your policies are anchored throughout the organization.
💡 Here are a few tips on how to reinforce your IT security from a governance perspective. Starting with these policies that provide a good foundation.
· Risk Management Policy
· Information Classification and Handling Policy
· Information Security Policy
· Access Control Policy
· System Security Policy
Let’s dig deeper into these policies:
Risk Management Policy:
This policy outlines how an organization identifies, assesses, and mitigates risks related to cybersecurity and data protection.
Information Classification and Handling Policy:
This policy establishes guidelines for classifying and handling sensitive information to protect its confidentiality, integrity, and availability.
Information Security Policy:
The information security policy serves as a comprehensive framework to safeguard the organization's digital assets, data, and information, guiding employees and stakeholders in maintaining the highest standards of confidentiality, integrity, and availability.
Access Control Policy:
This policy governs who has access to an organization's systems, applications, and data and specifies how access is granted, monitored, and revoked.
System Security Policy:
The system security policy outlines the guidelines and procedures for securing the organization's technology infrastructure, ensuring the confidentiality, integrity, and availability of critical systems and data.
Policies are greatly important to strengthen our cyber security, but they must be anchored throughout the organization to serve their purpose.
Companies who seek help with this, contact us. Our policy management software enables companies to establish, maintain, and anchor governing documents, reducing risks, and increasing likelihood of successful business outcomes.
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