Staying Safe From Cyber Attacks

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Cyber risks in financial institutions are evolving, and servicers must adapt to stay safe. A new whitepaper from Proctor Financial covers the top risks to cybersecurity, and how your business can protect itself.Some of the most common cyber risks today include malware,  ransomware,  phishing,  social engineering,  and denial of service.  Ransomware, Proctor notes, has been especially lucrative to cyber criminals recently.  It encrypts the information systems of a victim organization,  requiring a  ransom payment to restore the data.“Cyber criminals no longer have to steal your business’s data in hopes of selling it on the black market. They have a built-in buyer in the victim organization: you.”With many now working remotely, employees are now more vulnerable than ever. On March 13 the U.S. Department of Homeland Security, Cybersecurity and Infrastructure Security  Agency (CISA) issued an alert recommending a heightened state of cybersecurity as companies utilize remote work options. Items of consideration included VPNs, malicious phishing emails, and multi-factor authentication (MFA).Employees could benefit from additional cybersecurity awareness training related to increased cyber risks and access privileges could be limited to job roles requiring access to certain networks or information, Proctor notes. Depending on how tech-savvy newly remote employees are, they may benefit by changing the DNS server on their home router in terms of speed and security.In financial institutions, cyber Insurance can provide financial restitution in the event of a breach, and many cyber carriers also provide expert breach response services.“Unforeseen external risks such as increased remote workforce can test the cybersecurity of any organization. Cyber insurance can mitigate those risks through broad coverage, partnership in breach response, and evolving coverage to address new risks.” The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Share Save cybercrime Proctor 2020-05-20 Seth Welborn Previous: FHFA Proposes New Capital Framework For GSEs Next: Helping Servicers Interact with Borrowers Demand Propels Home Prices Upward 2 days ago May 20, 2020 1,194 Views Demand Propels Home Prices Upward 2 days ago Staying Safe From Cyber Attackscenter_img The Best Markets For Residential Property Investors 2 days ago About Author: Seth Welborn Home / Daily Dose / Staying Safe From Cyber Attacks  Print This Post Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. in Daily Dose, Featured, News, Technology Tagged with: cybercrime Proctor Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Subscribelast_img read more

Continue Reading