HOW CEH Certification can add VALUE to your RESUME
Certified Ethical Hacker (CEH) is a globally recognised qualification, which an individual obtains by proving his or her skillset of assessing the security of IT applications and networks by verifying the vulnerabilities or loopholes of the target systems, using the same methodologies, tools and techniques as a hacker, but in a lawful and legitimate manner with a due permission of IT system owners.
Information technology is an integral part of almost every business nowadays and so do Cyber Security. Using technology gives ease of access and fast processing of data, at the same time is also gives exposure to many risks which could harm the business and even lead to severe impacts sometimes. Information Technology and Cyber security going hand on hand now a days. Certified Ethical Hacker is one of the most popular certification which could help an individual to start or migrate their career in cyber security.
An IT of any organisation comprises of Network and Application, companies need to monitor and secure both of these in order to safeguard their critical data. CEH gives a comprehensive overview of a Hacker’s mind set and methodology. We can replicate the same steps in our environment and find out loopholes which could attract any malicious user and patch them before they can get exploited.
Security Assessments has following steps:
Reconnaissance: Generally known as Recce or information gathering, of the target network or application. This phase you collect the targets information from various public and private domains.
Network Scanning: Here we scan the networks or applications to find out the vulnerabilities or weakness in it and remember you need to do this in stealth mode else the target can identify the scan and can block your connection.
Gaining Access. Once we get the vulnerabilities you are good to enter or penetrate into the system by exploiting it and you can have even the Administrator or root access.
Maintaining Access: Here we learn how we can hide ourselves into the system by migrating to system files and then can have access for a longer time.
Covering Tracks: Once all the necessary information is captured now you would like to remove all your footprints or logs from the system so that you cannot get traced back.
Skillset of a CEH certified candidate:
- A Certified Ethical Hacker knows multiple techniques of information gathering through different resources like publically available information, websites, social media and thus identifying the publically available weak link or the basic information of the tools and techniques used by the organisation.
- A CEH knows various techniques to scan the network using customised commands and thus can identify the unnecessary ports or exploitable version of services present on company’s server and network
- A CEH knows how a web application can be exploited for different kinds of vulnerabilities like SQL injection, privilege escalation, command injection, Cross site scripting (XSS), weak passwords, weak sessions etc.
- A CEH knows how to identify vulnerabilities in Wi-Fi network and how to exploit it
- A CEH is aware of different kinds of malwares and working methodologies of malware and also knows how to detect hidden malwares in files or software by performing reverse engineering
- A certified CEH have a good knowledge of Cloud Computing and Internet of Things (IoT) hacking. Since IoT and Cloud Computing both are most used technologies now a days, and a CEH having good knowledge of security assessment of these can identify loopholes in these systems prior to getting exploited by a malicious user.
- A CEH knows the security assessment techniques for mobile applications both android and is.
- A CEH knows how the network devices like firewall, IDS, Honeypots works and how it can be exploited.
- A CEH knows different techniques of sniffing a network and how to capture critical information travelling through networks. In this way he or she can help the organisation to find out vulnerabilities present in the network and the organisation can patch it before getting exploited.
- A Certified Ethical Hacker knows different techniques to identify vulnerabilities which could lead to session hijacking of any web application.
- In addition to all above skillsets a CEH also knows different tools like Nessus, Burp Suite, Wireshark, NMap, ZenMap, Metasploit , Acunetix and many tools which are commonly used in Security assessments
Scope after getting CEH
- You can work as a Security Tester or Security analyst who is performing Vulnerability Analysis and Penetration Testing (VAPT) on web application, mobile application and networks
- One can work as network security analyst in Security Operations Centre(SOC), where the organisations network is constantly being monitored and subsequent actions are taken against any kind of malicious traffic.
- If you have good knack in programming languages, you can work as secure code reviewer, which is again a very demanding job nowadays.
- If you have good knowledge of programming skills with a knowledge of ethical hacking you can work as an exploit writer. Many companies are working on this.
- Last but not the least one can work as a freelancer Bug Bounty Hunter and can get paid well.
Ethical Hackers or Security Testers are the professionals who has very good knowledge of networks and applications, at the same time they know how to maintain security of both so that it can be safeguarded from hackers. Ethical hackers constantly test organisations applications, network devices networks and find out vulnerabilities in it and ask the IT team to patch those vulnerabilities.
Attaining cyber security skillset of along CEH certification is definitely a very good credential for one which can help anyone to lend a good job in any organisation.
Now a days many renowned companies are developing their own Cyber Security team and they also get their Infrastructure tested by third parties just to ensure on their security. While hiring a Third Party organisations are very particular about the individual’s qualification and experience, CEH certification is answer for that because it provide assurance about the candidate’s skillsets. As a whole CEH certification holds a good reputation in the industry,
#Tags: Jobs, Hacking, Career, CV,Certification,
#Keywords: Cyber Security, CEH, Certified Ethical Hacker, Security Testing, information Security, IoTHacking,Mobile Application Hacking, Web Application Hacking
HOW SOCIAL ENGINEERING IS USED IN PERSONAL INFORMATION STEALING?
In this digital era where almost everyone is using mobile and computes for ease of access, information stealing has also become a very serious issue. Information can be stolen by using different methodologies, social engineering is one of them. Every other day we read about victims of Social Engineering who either has lost confidential data or money over call or mail.
What is Social Engineering?
Social Engineering is a kind of art where the Hacker tries to steal critical information of victim by socialising with him or her. Have you ever received any unknown call asking your personal details like date of birth, marriage date or sometimes the confidential information like your bank PIN or OTP, then one or other way you would have been faced the wrath of Social Engineering technique of information stealing.
Let’s discuss how Hackers steal data from publically available information of yours or make you fool to share your critical information.
CASE ONE: The best way to perform is to use the publically available information from different social networking sites where users put their confidential information like Date of Birth, Contact Number, areas of interest, the place where they live, where they visit and many more. By using such lucrative information Hackers predict the password easily and can access sensitive data of yours. Most of the users use the password which they could remember easily like their name, spouse name or combination of some names and dates, which is very easy to predict. So one should not to share his or her personal information on social media which can be exploited later on.
CASE TWO: Phishing is the method of stealing information which is very popular. In this case Hackers act as a trustworthy source and try to extract critical information like passwords, credit card information through mails, texts, sms etc. By using this method hacker’s gather information very easily, they will just host a similar looking web page where if the victim put their credentials such as passwords it will be received by hackers and the web page will then redirected to original website. The best way to detect these kind of attack is to check the URL of the website where you are inserting your data and never put your credentials or make payment received on mobile through untrustworthy sources.
CASE THREE: Vishing, which is Voice phishing where hackers will call you and pretend as a genuine source like Bank Executive etc and will try to extract information like password or OTP of the user. This is one of the most common scam prevalent in many developed countries as well. Here, malicious people called hackers takes advantage of unawareness of users and gather the information and use it for making online payments or other kind of malicious activities.
One should never share personal details over call, remember no financial institute will ask for your password or OTP.
CASE FOUR: Another technique where Hackers use Social networking techniques to befriend the target to collect critical information. This is a very easy and popular way to extract critical information without much efforts, here malicious user tries to exploits emotions or needs of the victim and mostly pose as opposite gender or any job agency etc. One should be very careful while sharing their personal and professional information over social media, rather no one should share any critical data online to non-trustworthy sources.
CASE FIVE: Many people often tend to write down important information like contact details, bank pins, passwords etc. on a piece of paper and later forget to destroy it. This information can be used by hackers to steal information. Information from airline tickets, courier packets from online shopping, electricity or telephone bills can also be misused because it contains information like Address and Phone number, what else a hacker needs. Dumpster diving is one of the very famous method where hacker extract information from improperly destroyed garbage dumps.
Any paper bounded information should be properly destroyed before dumping it, if possible use shredder to destroy paper bound information so it cannot be reused
The best way to safeguard yourself from social engineering attacks are
Share minimalistic personal information on social media, if possible one should not share any personal information online.
Try to avoid weak password, which are easily guessable, always use strong password which is a combination of special characters and numbers. Don’t use a password for so long, change passwords frequently. And one more thing try to avoid same password everywhere.
Beware of the link you are clicking, pay attention to the websites you are visiting. Never put your information on the websites which doesn’t look genuine. Always use websites which are using ‘HTTPS’ instead of ‘HTTP’ in the URL
Never use public network or public computers for accessing your bank accounts. Public computers are very easy to hack, it can have malware which can capture keystrokes and thus your passwords. Hackers at Public places like airport or railway station might be intercepting the traffic and can capture your credentials.
Don’t ever share your important information like passwords over call, you never know who is listening to you and can misuse the credentials.
Be cautious while you are typing the passwords, shoulder surfing can reveal your password to malicious users.
A camera at public place might be capturing your keyboard entries so be cautious while using your credentials at public places
Always destroy the piece of paper which contains critical information before dumping it, if possible never write down your passwords on paper and don’t ever share it in messages.
Use a good quality of antivirus which can detect the phishing pages and keep your computer firewall on
Hackers always try to find our news methods to steal information, the best way to safeguard yourself to be aware all the time while you are dealing with sensitive information like passwords or bank details. One can attend “Cyber Security Awareness Sessions” in order to learn different methods or techniques of social engineering used to fool the victims and thus will be able safeguard yourself.
Remember prevention is better than cure. One should always be vigilant about their surrounding and know about kind of repercussions can happen because of social engineering. Few good habits can help to safeguard you from online frauds.
#tags: cyber security, digital, online media,
#Keywords: Social Engineering, Online frauds, Phishing, Vishing, Dumpster diving, Cyber Security, Information Security.
Workshops has always been a great source of knowledge about the subject. Cyber Security being such a crucial issue nowadays, attending workshops on Cyber security will help the attendees about the Cyber world with respect to their working domain and help them to use the Cyber more effectively and efficiently.
People of all age group and occupation are associated with Cyber nowadays. Everyone in connected through web in their personnel and professional life, however most of the people still doesn’t know the about cybercrimes and risks.
There are certainly many benefits of Cyber Security Workshop’s to different categories:
Students: Students are nowadays using multiple online platforms to enhance their skillsets. Students will have following benefits
Students can learn about cyber security in Workshops and can learn about various risk scenarios in the personal life and can educate their parents and elders.
Student can understand the career aspect of Cyber Security by leaning different technical concepts.
Young mind is an agile mind, by attending Workshops students can develop new ways of defending cyber-attacks.
Cyber Security is very demanding career nowadays, students can have a foundation of Cyber Security by attending workshops.
Fresher: Cyber Security workshops can be very helpful in shaping up the career of Fresher’s in the field of Information Technology. If you are a Technology enthusiast and having degree or diploma in Technology, and looking for a job in Cyber security domain, these workshops are very good medium of networking.
There are many benefits of attending the workshop like
In workshops students can meet others with similar interests can, thus can understand the current market requirements and develop the skillsets accordingly.
Cyber Security workshop will give the technical as well as career aspect scenarios to the Fresher’s, wherein they can learn different ways to pursue career in Information and Cyber Security domains.Attending workshops will give you an opportunity to meet people an professionals in the industry and thus can have an opportunity to get a job by developing contacts.
Experienced Professionals: If you are an experienced professional, then attending Cyber Security workshops will help you in various ways like:
These kind of workshop helps the professionals to understand their responsibility towards organisation’s cyber security. Once you are aware of Cyber Security, you would be able to understand the risk related to Cyber, and thus you will be able to safeguard your organisation from the different risks.
One who is willing to switch his or her career to Cyber Security can attend the workshops to understand the basics of Cyber Security and thus can gradually migrate to the domain if found interesting.
Professional who are already managing Information Technology Infrastructure and applications will learn the different kind scenarios which could be risk for them. Such workshops will help them to implement security in IT infrastructure and application development.
A working professional can inculcate learning of cyber security workshops in their existing job roles, and can mitigate many risk by doing this. In this way one can be helpful to safeguard organisation’s information assets from any kind of internal and external threats
Managers: Professional who are working as managers have huge responsibilities of the organisation. A manager who is aware of Cyber Security will highlight and mitigate any such risk which could be harmful for the organisation. Cyber Security workshops can be helpful in multiple ways:
By attending these kind of workshops one would definitely understand the importance of cyber security and can implement the same thing within the team and the organisation.
Since awareness and trainings have become mandatory for maintaining Cyber Security and Information Security related compliance. One can show the attendance certification as a proof of attendance.
These kind of workshops would help the Managers to understand any kind of IT reports from any Vendor and one can understand the risk coming from vendors as well, if they are not adhere the Cyber Security principles.
Again, managers can network with other enthusiasts and experts through the workshop and can understand the current risk perspective of the market.
Businessman: Every business is now a days dependent on Cyber. Everyone is using IT infrastructure and applications for running their business. Cyber Security workshops could be beneficial for Businessman’s because of following factors:
With the help of such workshops businessman will understand the Cyber Security risk which can harm their business and how they can mitigate those risk.
This is a very good medium to understand the Cyber Security and how to enhance the Security of IT infrastructure and application to make them hack proof.
Later on one can develop the Cyber Security framework for their own organisation.Cyber Security workshops helps the business persons to implement the Cyber Security related compliances more effectively because now they can understand the concepts and importance.
So in this way we can say that Workshops, seminars and training camps are very important and useful for any category like children, youth or any elderly man whosoever is using Information technology in their day to day or professional life. There are many free and paid trainings, workshops, seminars and webinars are available where one can either start their Cyber Security journey or any experienced person can enhance their skillsets by attending such events.
These are very good medium of interaction with other people and professionals who can share their knowledge base with you and can be helpful to shape up your career or business. This Information technology world is constantly changing and one needs to be updated all the times, so these workshops are very good medium to do so.
Progressive, Businesses and Educational Institutes organise workshops for their employees and students time to time. In these events the participants will learn about different kind of attacks which could lead to data leakage. One would come to know about different kind of social engineering attacks like phishing, vishing(voice phishing) and thus will not be the victim of such situations.
# Tags: Freshers, managers, students, experienced professional, businessman,
#Keywords: Cyber Security workshops, seminars, training, information security, risk, compliance, cyber security,
CYBER SECURITY CERTIFICATIONS FOR BEGINNERS
Information Technology has become an integral part of every business now a days irrespective of its nature and size. Information Technology brings a lot of ease of doing business at the same time it increases risk as well. Businesses are taking cyber security risks seriously which has made Cyber Security is a good career option now a days. There are multiple certification available in the market which can help anyone to get into cyber security. These certifications are blend of existing technologies and security. To become a successful Cyber Security professional one has to be good inboth networks and application. Below are few training and certification courses which any beginner can pursue to start his or her career in cyber security.
CCNA(R & S) (ROUTING AND SWITCHING)
CCNA(R&S) or Cisco Certified Network Associate is the most popular certification to start a career in IT and cyber security. This certification has global value.
Perquisites: There is no perquisite for CCNA certification. Candidates should have interest in networks and IT infrastructure
What the participants will learn?
CCNA certification training gives a deep insight of networking .It helps students to develop a complete understanding of IT networking and different kind of network topologies in order to form efficient and secure networks. It also provides deep level understanding of different routing protocols as well.
What are the Career option after this certification?
After successful completion of CCNA training and certification program one can start his or her career as
- Network Associate,
- Network Administrator
- System administrator
- Network Engineer
- Technical Support Engineer
Cisco Certified Network Associate(Security)is an entry level globally recognized certification for the aspirants who are planning to build their career in Network Security and cyber security
Perquisites: CCNA(Routing and Switching)
What the participants will learn?
CCNA Security certification training helps candidates to learn secure network architecture. After training participants will be able to install, monitor and configure various network security devices like Firewall, VPN, Routers and switches, IDS, IPS
What are the Career option after this certification?
After successful completion of CCNA Security certification and training candidates can pursue their career as:
- Network Security Engineer
- Network Support Engineer
- Network Security Specialist
- Network Security Administrator
- Network Security Analyst
Microsoft Certified Solutions Associateis a globally recognised certification from Microsoft which provides great career opportunities in the field of network system and technical support. This is one of the most sought after certification in Information Technology infrastructure.
Perquisites: There are no perquisites, however a good knowledge of network fundamental and databases will be helpful
What the participants will learn?
MCSA training and certification will help the candidates to learn installation and configuration of Windows Server 2016. Candidates will also learn Windows administration .MCSA training and certification will generate the skillsetthat focus on designing and producing technological solutions
What are the Career option after this certification?
- Network Administrator
- Database Administrator
- Technical Support Specialist
- Systems Administrator
- Computer Network Specialist
Red Hat Certified System Administrator is a certification for developing skillsets in working Red Hat Enterprise Linux environment. This is also a very popular and globally recognised certification.
PerquisitesThere is no prerequisites for the certification.
What the participants will learn?
This training and certification will help the candidates to understand Linux command line environment, file and directory structures. Creation and Configuration of files and file systems using command line. Manage user and groups. Management of basic security configurations like firewalls etc.
What are the Career option after this certification?
Few of the career options are:
- Linux System Administrator
- System Analyst
- System Engineer
- Server Administrator
Certified Ethical Hacker is a certification from E C Council which provides an offensive approach of Cyber security i.e. how the networks and application can be hacked. This is a very popular and globally recognized certification.
Perquisites: Candidates appearing for this certification should have basic understanding of networks, servers and databases.
What the participants will learn?
Participants attending CEH training will learn about different phases of hacking like information gathering, network scanning, enumeration, attacking and how to delete footprints after successful attack. This training and certification gives you a hacker’s perspective while attack.
This program also gives a deep understanding how networks, application Wi Fi, IoT devices can be attacked by using loopholes and vulnerabilities in the existing systems.
This certification develop a basic and initial skillset of hacking(security testing) among the participants.
What are the Career option after this certification?
There are multiple career options after successful completion of CEH training and certification course. One can pursue career as:
- Network Security Engineer
- Security Engineer
- Vulnerability Assessor
- Information Security Analyst
- Information Security Consultants
- Cyber Security Consultant
- Web Application Penetration Tester
- Network Penetration Tester
- ISO/IEC 27001 LEAD AUDITOR
ISO/IEC 27001 Lead Auditor is a globally recognised certification in the field of cyber security and information security. A certified Lead Auditor understands the mandatory requirements of information security and is well versed with the process of auditing.
Perquisites: To become ISO/IEC 27001 Lead Auditor candidates should have 2 years of Information Security Auditing experience.
What the participants will learn?
After successful completion of ISO/IEC 27001 LA program candidates will able to perform information security audits in any organisation. Candidates will learn the Information Security Management System as per ISO 27001 & all its controls and how to plan, conduct and close an audit according to ISO 19011.
What are the Career option after this certification?
Career options after this certification are:
- Information Security Internal Auditor
- Risk Assessor
- Lead Auditor
- Risk Manager
- Information Security Consultant
Cyber Security scenario is rapidly changing, new technologies are coming in the market and old technologies are getting obsolete. One needs to know the basics irrespective of the technology domain in which he or she is working. One can choose the complete suite of certifications or a few certifications as per their interest. Cyber security is also about innovation where one can make their own customised solutions according to the organisations need against the current and upcoming risks.
# Keywords: Cyber security, Information security, CEH,CCNA, ISO 27001 LA, risk, threat,MCSA, RHCSA, certification
# Tags: career, jobs, cyber security, Information technology, beginner, certification.
Information security has become a very lucrative career now a days. Every organisation is trying to build their Information security team because of regulatory compliances, market competition and last but not the least increase of cyber security risk on information systems.
Information security is associated in every field of organisation and at least basic awareness is expected from everybody, however a skillset is required to govern and drive the whole Information Security within an organisation.
One can jump into information security at different levels of his/her career, irrespective of his/her educational background. To make it more clear let’s consider few scenarios here
- Anyone who is planning to get into Information Security can start their planning from higher secondary level. In this case the student needs to opt for subjects like Physics Chemistry, Mathematics and IT/IP. Then he/she needs to opt for BTech in Computer Science of IT or BCA(Bachelors of Computer Applications).You can start preparing during your graduation, start formal trainings like on Networks and Servers, and make your fundamentals strong. Gradually by the end of your graduation you can go for CEH(Certified Ethical Hacker), which is an introductory course in Cyber Security.With all these expertise and certifications one can definitely start their career in InfoSec.
Tip: If you are planning for any certification during your graduation do it in the last year because a certification has an expiry date(mostly 3 years from the date of issue)
- If you are not an IT graduate, say you are pursuing B.Sc. or B.Com or B.A., even then you can work in information security. You need to do go for basic trainings network and server trainings like Scenario One. A lot of hard work, dedication and perseverance can make anything possible. A CCNA, Red Hat Linux, Server Administrations and CEH certification will definitely be helpful.
- If you are a working in IT (Information Technology) and now like to switch to information security first generate skill sets in networks, servers and basic cyber security skillset like network security or application security. Once you have good knowledge of Cyber Security, now you can pursue ISO/IEC 27001 Internal Auditor or ISO/IEC 27001 Lead Auditor or Lead Implementer training. After successful completion of training and certification one can start career as an Internal Auditor, Lead Auditor or Lead implementer respectively. You can also work as an Information Security Risk Assessor or a third party auditor.
- If you are a senior level executive having basic skillsets of cyber security and you want a complete migration to Information Security domain, you can start with ISO 27001 Lead Auditor or ISO 27001 Lead Implementer, then gradually you can obtain CISA (Certified Information System Auditor) and CISSP (Certified Information System Security Professional). Certifications like CISA and CISSP are of very high value and one can be a top level information security executive like CISO(Chief Information Security Officer) of any organisation, however these position also requires managerial skill set along with technical skill sets.
- If you are working at a senior position in any organisation in Sales, procurement or any other non IT department and you are fascinated with Information Security and want to pursue your career in it. Yes, you still have chance. What all you need to do is generate a basic skillset in Network and IT infrastructure and you are good to go.
Later on you can learn basics of Cyber Security like Ethical Hacking and can pursue different Information Security Certifications like ISO 27001, PCI-DSS, GDPR etc.
- If you are an IT graduate then you can also pursue Masters in Information Security, after this you can directly start your career in Information Security as a Consultant. MBA with Information Security is a good way to start your career in Information Security. Organisations hire these candidates because they can work both in technical and not technical domains.
- One with a non-technical background and having interest in Information Security can opt for a career in Cyber Laws. After pursuing this one can work as a Legal Consultant with any organisation. This job is also in demand because organisation faces many legal challenges pertaining to Information Security every other day and they need consultants and experts who can guide them in different scenarios.
- If you are a programmer in your existing job profile, you can learn secure coding techniques and hence you enter in information security domain. Now a days many attacks are happening at application level, because of flaws in existing source code. Knowledge in secure coding will definitely be an extra edge for your career and can give you a smooth entry in information security domain.
- If you have an investigative mind set then Computer forensics is a good option for you. This role comes into picture when any Cyber Security incident happens in any organisation. A Computer Forensics investigator check the systems and finds out the root cause of the problem, and later on organisation can patch or implement another corrective action on the issue and can prevent recurrence. CHFI (Computer Hacking Forensic Investigator) is a popular certification for this career.
- If you have a good knack of teaching, you can start your career as Information Security Trainer after completion of your graduation and basic Information Security training. Training is very lucrative career among many experienced professionals as well. There are many professionals who are involved into part time training and thus can start their career in Information Security.
From all the above scenarios we can clearly see that Information Security is a path, one cannot attain it overnight. Moving ahead step by step will ease your journey. All the steps in this are equally important. One needs a strong dedication and determination. With our changing business scenario, where the aspect of threat and risk is changing every other day one needs to be updates with the current regulator and statutory requirements.
Tags: BTech, BSc, Cyber laws, career, jobs in cyber security
Keywords : Information Security, Cyber Security, Forensics Investigator, ISO 27001, CISA,CISSP, CHFI, CEH, CCNA.
WHAT IS CYBER SECURITY?
Cyber Security is the process of protection of cyber assets (network, application, devices etc.) and critical data from any kind of cyber-attack.
Cyber-attacks are danger to organizations, employees, and consumers because it can reveal, remove or manipulate critical information with unauthorised access. Cyber Attacks are customised to access or destroy sensitive data or extort money. Cyber- attacks can, thus destroy businesses and damage people financial and personal lives.
Cyber security is practice of safeguarding Confidentiality, Integrity and availability (CIA) of Information assets.
IMPORTANCE OF CYBER SECURITY?
Since Technology and internet is prevalent now a days and has become an integral part of everyone’s life. Everybody is sharing so much of information through the networks internet that keeping it secure at all times, upholding the very principles of information security: integrity, availability and confidentiality has become challenging.
The rise in security threats on information assets like servers networks and other communication devices and increasing opportunities for fraud, theft, espionage , cyber terrorism and misuse of classified, personal (PHI and PII) and financial data, have contributed to the significant growth of cyber security in recent times, making it a top choice for career seekers today.
WHAT IS THE NEED OF CYBER SECURITY?
A data breach can bring a range of catastrophic consequences for any business. It can deteriorate anorganisation’s reputation through the loss of consumer and partner trust. The loss of critical information, such as intellectual property or source files, can cost a company its competitive advantage. Adata breach can impact organisation’s revenues due to non-compliance with data protection regulations. A data breach costs an affected organization in million, however a good cyber security system can save this amount. With incidents of data breaches cases with many famous companies, it’s essential that organizations adopt and implement a strong cyber security approach.
Data and employees are the most valuable assets of a company. There is a need cyber security professionals who are both well-educated and adequately trained in all kinds of government and corporate firms.
When employees are handling critical data on a regular basis, it’s important for them to understand computer security and how to protect the company.
HOW TO START A CAREER IN CYBER SECURITY?
As such there is no defined path in Cyber Security. There are many individuals who start their career directly with Cyber Security as Network Engineer, Database Administrator, and Security Administrator etc. after completing their graduation. However there are many individuals who switch their domains to Cyber Security by pursuing different courses and certification like CCNA, CCNP, COMPTIA, CCNA Security, CEH, ECSA, CHFI etc.
An individual with 2-5 years of Information Technology experience can go for certifications like ISO 27001 Lead Auditor, ISO 27001 Lead Implementer, and GDPR etc.
A professional with 5-10 years or more experience in IT can pursue higher level of certification like CISA, CISM, CRISC and CISSP.
COMMON SKILLSETS DESIRED IN CYBER SECURITY?
- Information Security Analyst: Security Analyst is the entry level job in the field of Cyber Security. This person is responsible for monitoring networks, reporting breaches and cyber security incidents, maintaining firewall and data encryption etc.
- SOC Analyst: A SOC (Security Operations Centre) Analyst is responsible for maintaining security by monitoring and analysing organisations network on regularly. SOC team detects, analyse and respond cyber security incidents.SOC Team is also responsible for investigating suspicious activities, ensuring that potential security incidents are correctly defended, identified, analysed, investigated and escalated to keep company’s infrastructure secure.
- Incident Handler: An Incident handler is a part of Incident Response Team (IRT) analyses information, discusses observations and activities, and shares important reports and communications across the company.
- Cyber Forensics Investigator:A Cyber Forensics Investigator is responsible for investigating all the cyber security incidentals and breaches. They perform root cause analysis of any data breach and prevent them from recurrence.
- Ethical Hacker/Penetration Tester: An Ethical hacker is responsible for identifying bugs and flaws from Applications and Networks, which makes the Information System vulnerable for unauthorised access.
- Risk Assessor: Risk Assessor identifies all the possible cyber security risk in the organisation and them establishing an appropriate Risk Treatment Plan to mitigate compliance, reputational and operational risk.
- Network Analyst: Network Analyst is responsiblepreparing computers in a network, which enables the computers to be able to work together and share information for managing the network infrastructure and network troubleshooting
- Cloud Security Engineer: A cloud Security engineer is responsible protecting organisation critical information by providing security to cloud based digital platforms. They detect possible risk on the cloud based program and provide security instructions to risk management team.
- Internal Auditor: A cyber Security internal auditor is responsible for assessing IT processes and information security compliance in the organisation and make sure organisation is complies with relevant laws and regulation in order to run the business. Internal Auditors also coordinates between internal audit and external audit function.
- Security Architect:A Security Architect is responsible for designing, building and overseeing the implementation of network and computer security for an organization. A Security Architect is also responsible for creating complex security structures – and ensuring that they work.
- Security Consultant: A Cyber Security Consultantis responsible for identifying, developing, and implementing cyber security solutions to meet their client’s needs. In addition to this he/she can assist sales team to safeguard clients. They also monitor and assess potential cyber security risk for any organisation.
- Chief Information Security Officer(CISO):This is a high level position, who is responsible for managing overall Information and Cyber Security of any origination. This position needs technical as well as management skillsets. CISO is responsible for developing Cyber Security strategy in the organisation.
- Cyber Security Trainer: With the huge demand of Cyber Security in market there is a requirement of professionals who can generate these skillsets among others. If one has interest in training, he/she can pursue their career as trainer/instructor.
Cyber Security industry is a huge market. With all the regulatory and legal compliances almost all of organisation are hiring Cyber Security professional.A cyber security professional is everywhere in an organisation like managing and monitoring networks, incidents, applications etc. Basic Cyber Security awareness is essential for everybody in the organisation, including the top management, executives and the security guard who is safeguarding the organisations entry gates.
According to studies there is a big shortage of cyber security professionals, particularly those with relevant skillset. This is a golden opportunity for many jobseeker, particularly who has technical background and seeking a career in Cyber Security domain.
Tags:CCNA, CCNP, ISO 27001 LA, ISO 27001 LI, CISO, legal and regulatory.
Keywords:Compliance, Cyber Security, Network Analyst, Internal Auditor, ISMS, CISO, Incident Handler, Cyber Security trainer,GDPR.
WHY BUSINESS CONTINUITY MANAGEMENT IS SO IMPORTANT FOR IT SERVICE PROVIDERS
Whenever there is disruption in business, it can cost money, damage in reputation or sometimes customer loss. Insurance companies does not cover all costs and cannot replace customers that defect to the competition. A business continuity plan is must for any IT service provider for sustaining such catastrophic conditions.
Business Continuity process identifies the likelihood and impact of the risks on the business and then produces a contingency plan to deal with any kind of eventualities, like IT system failure, terrorism, natural calamities like earthquake and flood, unavailability of staff etc.
Business Continuity is one of the most critical aspect of any business.
WHAT IS BUSINESS CONTINUITY MANAGEMENT (BCM)?
Business continuity management (BCM) is a framework for identifying an organization’s risk, its exposure to external and internal threats pertaining to service availability and hence formulating a plan to mitigate the risk. Business Continuity Management involves development of plan to prevent any disaster and assist in recovery in case of crisis. The motive of Business Continuity management is to develop and implement ability to effectively respond to threats such as data breaches or natural disasters and protect the business interests of the organization. BCM includes crisis management, disaster recovery, business recovery, incident management, emergency management and contingency planning.
What Is Business Continuity Planning (BCP)?
Business continuity planning (BCP) is the step by step process of creating a robust preventive system and a mechanism of quick recovery from the potential risks to a company. BCP ensures that personnel and assets are protected, and are able to function quickly in the event of a disaster. Business Continuity Planning is conceived in advance and involves input from key stakeholders and personnel.
Business continuity Planning is the assessment of both internal and external risks and its impact on the business and then implementing preventive, detective and corrective measures.
BCP involves defining any and all risks that can affect the organisation’s objectives and operations, making it an important part of the organization’s risk management strategy
Basic areas in which Business Continuity Planning needs to be considered:
- IT Service Continuity
- Disaster Recovery (DR)
- Pandemic Planning:
- People Continuity
HOW TO DEVELOP BUSINESS CONTINUITY PLAN?
Development of business Continuity plan includes following steps:
STEP 1 First of all, perform need analysis and define strategy objectives and an implementation framework should be created
STEP 2 Next, business value of organisational applications should be identified and RTO (Recovery Time Objectives) and RPO (Recovery Point Objectives) through data risk should be determined
STEP 3 Next, match technologies for safeguarding data, including backup, disaster recovery, vaulting, snapshot and replication, based upon business value
STEP 4 Next, infrastructure and personnel plans, including organizational and communications processes should be defined. A business continuity team should be formulated and business continuity plan should be complied to manage a business disruption.
STEP 5 Next, required technologies should be implemented and training and awareness to critical personnel as to which business processes are impacted
STEP 6 Table Top exercise and BCP drills of the documented plan should be conducted, in different scenario. Outcomes should be documented.
STEP 7 Next, Measure and validate test results relative to the plan overall objectives
STEP 8 Further, required enhancements that have been prioritized as a result of continuous testing and evaluation should be implemented
STEP 9 Next, continuously review, enhance and improve the business continuity plan with respect to organizational changes, fluctuating business conditions and the addition of new technologies
STEP 10 Finally, remember to repeat the entire process continuously.
BUSINESS CONTINUITY PLAN CONTAINS:
- Purpose and scope of BCP
- Initial data, including important contact information of all important stakeholders, located at the beginning of the plan
- Change management procedures
- Business Impact Analysis(BIA) and Risk Assessment(RA)
- How to use the business continuity plan, including guidelines as to when the BCP will be initiated
- Business Continuity Policy
- Emergency response and management
- Step-by-step procedures for Data Recovery
- Checklists and data flow diagrams
- Review ,test and update schedule for BCP
WHY BUSINESS CONTINUITY MANAGEMENT IS IMPORTANT FOR IT SERVICE PROVIDERS
Since most of our businesses are digitizes and IT is playing an important role everywhere like ERP, CRM, databases etc. So it’s mandatory for the IT service providers to consider Business continuity in order to keep business up and running in case of disaster. Features of BCP:
- Business Continuity Planning helps to identify all the critical processes and assets of the organisation and all the risk associated with them.
- Business Continuity planning is helpful in continuing the operations case of disasters like fire, cyber-attacks, natural calamities, civil unrest etc.
- Business Continuity Planning prepares the organisation for any kind of disruption and thus minimise the effect of a disruption on an organisation.
- It reduces the risk of financial loss in the organisation.
- This helps the organisation to meet legal and statutory requirements.
- RTO and RPO enables recovery of critical systems within an agreed timeframe.
- This helps in retaining organisation’s brand and image and give employees, clients and suppliers confidence in the organisation’s services.
- Frequent BCP drills help the organisation to react and re-establish the services quickly in case of disaster.
- BCP involves documentation of all the activities which should be performed in case of disruption and a well-tested & document process help to revive the business easily.
- BCP provides an advantage of working from remote location in case of disaster, thus no interruption in operations.
- A well planned BCP helps reducing downtime in case of disruption.
- Taking backups is an integral part of BCP, so organisations can recover data without much loss and can resume their business.
Business Continuity and disaster Recovery cannot be achieved by a single employee or person, it’s a team effort. A single person or an untrained staff cannot deal with disastrous situations. And, like most of the team activities, it requires practice and adequate competence in order to perform effectively in adverse situations like disaster. A proper planning is required.
Proper planning means that a thorough assessment and relevant controls shall be implemented and tested. A proper planning will tell who shall do what and how it shall be performed provides a set of well tested instructions in case of contingency.
If the stakeholders are not informed and not practiced in their roles, they cannot perform well.In that regard, business continuity planning is a sign of inclusion and commitment for a company to have a real plan.
CYBER SECURITY MUST KNOWS FOR CLOUD SERVICE PROVIDERS
WHAT IS CLOUD COMPUTING?
The Information Technology world is emerging and with fast pace, new innovative ideas are changing the scenarios constantly and cloud computing was one of those ideas which has changed the perspective of IT services.
Cloud Computing is a network of remote servers which are used to store, manage and process data via internet, instead of local servers or hard drives.
With ease of use and flexibility, it has become most usable IT services nowadays.
SECURITY RISKS ASSOCIATED WITH CLOUD COMPUTING?
Cloud computing transformed the way organizations store, use, and share data, applications, infrastructure and workloads. Cloud computing also provides a flexible model for simplified IT management, remote access, mobility, and cost-efficiency. With so much ease of access and flexibility most of the organisations are availing cloud services, however as more mission-critical applications migrate to the cloud, data privacy and software security are growing concerns. With so much data going into the cloud including critical data like PII and PHI —these resources become natural targets for hackers.
Availing IaaS or Moving web applications to the cloud does not make organisations inherently more secure. Organization nowadays might be ready to adopt the benefits of the cloud infrastructure. But you must also ensure you address all the potential security risks in cloud computing, especially public clouds.
WHAT IS CLOUD COMPUTING SECURITY?
Cloud computing security is the combination of guidelines and technologies controls, which are helpful to manage information security compliance and provides instructions for securing data applications and infrastructure identify with cloud computing use.
Cloud computing has many advantages, such as Ease of use for customer, speed and efficiency. But there are also many potential threats in cloud computing. These threats include human errors, misconfigurations, data breaches, insider attacks, account hijacking, and DDoS attacks. According to studies, businesses which are using cloud computing services are more prone to data breach and cyber-attacks in comparison of others.
CLOUD SECURITY: CHALLENGES AND SOLUTIONS
Below is the list of most critical cyber security challenges faced by Cloud Service providers.
1. Data Breaches:
A data breach is a result of infrastructure or application vulnerabilities, human error, poor security practices such as weak password, inadequate access control etc. Data breach is one of the top most security challenges, mostly public cloud because of different requirements by different customers. Solution to this problem is that organizations should always secure their databases which contains sensitive data like user credentials, by hashing and salting and implement proper logging and behavior anomaly analysis.
2. Human Error:
Human errors like clicking on malicious links, sharing data with unauthorised person, using weak passwords and not having maker checker procedures etc. are challenges in Cloud security. These errors are often at customer’s end. Training and awareness pertaining to Cyber Security, imposing strong password policy and segregation of duties can really resolve this issue. Proper monitoring is also necessary.
3. Insufficient Identity, Access and Key Management:
Hackers can act as legitimate users, developers, or operators can read, manipulate, and delete data; snoop on data in transit or release malicious software that appears to originate from a genuine source. Any unwanted service running on the server can allow access without authentication. Solution to this problem is implementation of preventative controls across all perimeters, and that organizations scan managed, shared and public environments for vulnerabilities.
4. Data Loss:
Data loss can be because of an accidental deletion by the cloud service provider, or a disaster like a fire or earthquake, can lead to the permanent loss of customer data unless the provider or cloud consumer .takes adequate measures to back up data, Solution to this problem is having a full proved Business Continuity and Disaster Recovery plan in place, performing data backups & testing regularly and conducting DR drills at regular intervals.
5. Insecure application programming interfaces (APIs):
APIs are exposed to public and so too attackers, an API is likely to be the initial entry point for attackers. Hackers exploit vulnerabilities of insecure APIs to get access to servers. Performing security assessment prior to deployment and after any significant change can help to identify the existing weaknesses and patching it.
6. Advanced persistent threats (APT):
APT uses sophisticated and continuous attack techniques to get access in Cloud infrastructure and monitor the Cloud provider’s activity and steal the data rather damaging the networks. In this the attacker gain access and remain undetected for long. Monitoring network on regular basis for abnormal behaviour, update latest antivirus signatures and scanning networks on regular basis can resolve this issue.
7. Insider Attacks/ Malicious Insider:
A malicious insider can be performed by any employee or any privileged user who has access to potentially sensitive information, and critical systems which contains critical data. Organisations which are doesn’t have their own IT security mechanism and solely dependent on cloud service providers are at higher risk. A Data Loss Prevention (DLP) solution along with event logging and monitoring is a solution for this challenge. A Confidentiality Agreement signed with employees will act as deterrence.
8. Distributed Denial of Service (DDOS) Attacks:
DDOS attack is a crafted malicious attack to disrupt normal traffic and prevent users of a service from being able to access their data or applications. Attacker can cause a system slowdown and leave all legitimate service users without access to services by forcing the targeted cloud service to consume inordinate amounts of finite system resources such as network bandwidth, processor power, memory or disk space. Implementing adequate network security measures like IDS, IPS, and Load Balancers and monitoring networks for anomalies. Having a robust Business Continuity plan will definitely help.
9. System Vulnerabilities:
System vulnerabilities are the weaknesses or loopholes in any application and network, which can be exploited by any malicious user to intrude into a system to steal or manipulate data, taking control of the system or disrupting service operations. Vulnerabilities within the components of the application and operating system put the security of all services and data at significant risk. In case of public cloud, application or systems from various organizations are sharing memory and resources, creating a new attack surface. Regular patch management, bug fixing and vulnerability management is the best solution for this issue.
10. Spectre and Meltdown:
Last but not the least, Spectre and Meltdown which are considered as the most catastrophic vulnerabilities where hackers can exploit Meltdown to view data on virtual servers hosted on the same hardware, potentially disastrous for cloud service providers. Spectre is worse –it is hard to exploit and even harder to fix.
In a nutshell the security solution is very crucial for any Cloud Service provider for their business .Compliance related to cyber security protect the organisation from unauthorized access, data breaches and other threats and also provide assurance and confidence to clients.
Digital Marketing and Cyber Security Risk?
Digital marketing has now take cover the conventional marketing techniques. A digital marketing campaign involves, content writing, content marketing, and its promotion through social media, email marketing and customer relationship management. To fulfil all these requirements a lot of planning, time, effort and teamwork is required to produce great results.
However, this is essential for digital marketers to include cyber security measures to defend their IT assets, in order to make their digital marketing campaign successful as expected.
In a nutshell, cyber security is a major concern among digital marketers. Neglecting cyber security in digital marketing may result to drastic consequences on everything from a digital marketing firm‘s bottom line, to unsatisfied clientele, to endangering the online public at large.
There are vital points which the digital marketing firms should know in order to overcome cyber security challenges in digital marketing. To help keep digital marketers up-to-date with the latest security concerns online, we have gathered the following list of safety sore spots that they are likely to come across during work.
Common Cyber Security Mistakes done by Digital Marketers
Irrespective of the size of your brand or company, if you’ve presence, there’s a possibility you’ll experience a security breach. Digital marketers are not immune to this. In fact, since digital marketing acquired a broad audience, the risk has become higher. It’s crucial that digital marketers should stay up-to-date with the latest security concerns. Few common mistakes are:
- Not considering importance of cyber security in digital marketing.
- Revealing too much information(sometimes critical data) to the client while sharing the data
- Using weak passwords for digital marketing and social media accounts
- Clicking to malicious links and websites while sharing the data.
- Not updating their Word press or websites for common security threats.
- Not taking data backups on regular basis for the contingencies.
- Copying and sharing malicious links to clients.
- Not taking any formal and informal cyber security training.
- Not considering encryption like techniques while storing and sharing critical data.
Methods to overcome Cyber Security Challenges in Digital Marketing
Follow and Work with Cyber Security Firms
Digital Marketers should keep in touch with online Cyber Security firms to know about security-related issues. One can take professional help to find out the existing vulnerabilities in their systems. Digital Marketers can work with security firms on a regular basis to ensure their marketing solutions uphold all current safety standards.
Digital Marketing firms can get acquainted with online security firms by interacting with the right people from the industry. This will without a doubt give savvy marketers an edge over their competitors, by providing better information on potential risks of a given marketing strategy.
Update your Word press Updates
Word Press is the most frequent website used by Digital Marketers, and the most accessible means of attack for a hacker is to exploit outdated software components of such a site. Using out-of-date versions of themes, plugins and core site components is similar to leaving the front door of your house unlocked.
Digital Marketers would have noticed that in last couple of years, applications are downloading software updates all the time. This is generally to patch the unintended security loopholes security teams find in Word Press like applications. Thus, Digital Marketers using such applications should take care to update their software as soon frequently as possible. One can also enable auto updates in order to ensure your Word press remains updated date every time
User Account Management
User account Management is a critical part of digital marketing, since marketers sometimes get special user accounts to manage particular site features. It is very important to this in a responsible manner. Cyber threats often come from compromised user accounts, and since digital marketer accounts often have higher permissions, they pose a higher security risk.
Therefore websites owners should always lookout for suspicious user behaviour, including excessive access requests, changes in account information, daily downloads, etc. A digital marketer working for a website should try to access it from a single IP address, as access attempts from different IPs can be interpreted as a sign of suspicious behaviour
Use encrypted Email Marketing services
If any unauthorized user or hacker, logs in to an email account in a fraudulent way, they can send spam, virus infections and phishing emails to your contacts. And as ISPs and web search engines have highly active spam filters, they can blacklist your email ids which can put a ‘full stop’ on your email marketing future.
So, digital marketing firms should use software that will provide monitoring and security for their email messaging service through encryption. Also, a security audit from time to time should be done to keep your email system safe and secure from unwanted intrusions.
Implementing Password Management Policy
Having a good password policy and adhering its will definitely be helpful in digital marketers. Such polices will compel the digital marketers for using strong passwords and changing it on regular time intervals. Strong passwords are difficult to crack and less susceptible to guessing.
Secure your CRM adequately
A CRM(Customer Relationship Management) helps in building a strong relationship with your customers with an ease. So using a SSL(Secure Sockets Layer) protocol, like HTTPS on the website helps in keeping the data transfer in an encrypted form which makes it hard for unauthorized user and hackers to snoop into the access. Also, ensure that your CRM systems have strict data security policies in place for the staff while accessing sensitive data.
Handling Transaction Data Securely
Customer PII (Personally Identifiable Information), such as payment data is lucrative prospect for hackers, that’s why e-commerce websites are constantly being attacked
Viruses and malware are usually the culprit behind these attacks, so it is essential to have everyone working for the site acquainted with the proper anti- virus and anti-malware measures.
An additional layer of encryption should be used for files, that contains transaction data, ensuring that even in the event of a security breach, the compromised data will not be accessed by hacker or unauthorized person.
Social Media Marketing Security
Sometimes digital marketers share data irresponsibly over social media, which can invite trouble and might also grab the attention of hackers. It may also lead to a situation where the social media accounts are hijacked to spread malicious posts or fraudulent and embarrassing info that can spoil your online reputation.
So, digital marketing firms should establish a security policy for their social media activity like using strong passwords, preventing spams, blocking phishing scams, and avoiding suspicious add-ons or apps that may disburse malware.
Always give social media access to trusted employees and educate them on how to act responsibly and lessen risks. This will help in keeping the social media marketing campaigns safe from cyber threats.
Cyber Security is one of the most neglected thing in any online business and this includes digital marketing. By identifying what the threats are, what kind of damage they can do, and how to mitigate those threats is essential for succeeding in the business, so digital marketers should take special steps to work on the latest cyber security trends.
This era of digitalization and digitization, where every segment of businesses is using technology to provide services to customers, banking and financial industry has transformed their services by financial technology- FinTech.
Fin Tech were providing their services in the form of e-wallets, online and mobile payment systems (Paytm,PayPal, Apple Pay), virtual buying of stocks, etc. But the recent times did bring a bunch of new disruptors that will displace traditional e-commerce providers.Such new FinTechstart-ups are offering more efficient services, seamless customer’s experience, and free person-to-person payments.
FinTechs business can increase profitability and enhance a company’s performance while helping them improve customer service. FinTech also provide an opportunity for companies to expand their portfolio online while solving industry issues such as credit card processing, money transfers, or processing a loan.
But everything is not so smooth with Fintech business. There are few cyber security challenges and risk associated with Fintech business, which every FintechStatups shall be aware of.
What is Fin Tech?
Fin Tech is the abbreviation used for Financial Technology which aims to compete with traditional method of finance. There are many financial institutions consider this term as backend of their business and sometimes regular banking apps are included in this term.
Fintech business includes mobile payments, money transfers, loans, crowd funding, asset management and many other things.
In simple words-FinTechis the implementation of modern technology in traditional financial services and in the management of financial aspects in various companies and business. Anything from the financial mobile apps and new software installed, processing the money transactions and calculating business models.
Risk in Financial Sector:
Even, in general ,every individual and organisation , are worried about information and cyber security , conditions in financial sector is more critical and fin tech business take the issues more seriously. Some of the recent studies shows that banks are investing a large amount of their funds in designing and implementing security to safeguard themselves from cybercriminals
Few more areas of concern includes cloud based technologies, mobile updates and system upgrades. These findings show that cyber security is the most important risk which the Fin Tech companies are facing.
Cybercrime and Cyber security in FinTech Landscape
As FinTech start-ups and companies continue to disrupt the global financial landscape, a peculiar feature and perhaps their biggest advantage is that they are not held back or burdened by law, regulations, or existing systems. Also, they are more aggressive, more agile, and more willing to explore and make risky choices. But this total dependence on technology and adventurous attitude to aid financial services delivery may also be their greatest weaknesses.
Fintech firms are facing Cyber SecurityChallenges in following areas
FinTech firms mainly relies on applications that can access users’ financial profiles to perform a variety of real-time transactions. Applications are used by multiple persons and, are an increasingly common attack vector, and vulnerable code can be exploited as an entryway into financial networks.
FinTechfirms and Banking companies need to ensure that a secure application security strategy such as a virtual private network is in place to protect user data. This should include a web application firewall enabled with current threat intelligence to identify and mitigate known and unknown threats, as well as to detect and patch vulnerabilities
Network and Cloud Security
Like other organisations, manyFinTech firmsalso utilize cloud services to provide consistent, scalable performance with lower upfront costs, rather than the traditional network. However the cloud infrastructure shall be secured differently than a data centre or traditional network. Banks and FinTech firms must ensure that the same security standards they apply to their networks are applied in the cloud.
Along with detection and prevention, this security must also be dynamically scalable andadaptable to ensure that is can grow seamlessly alongside cloud use. Additionally, in order to secure financial data, FinTechfirms need to implement aloud access security, along with internal segmentation to improve data visibility while integrating industry security standards.
Inadequate Threat Intelligence
Threat Intelligence is another challenge for FinTechfirms, an integrated defence needs to be enabled with automated threat intelligence to become a holistic system. As FinTechfirms andbanks enter partnerships, it will be impossible for IT teams to gather and assess all of this threat intelligence promptly manually. Automation, artificial intelligence and Machine learning will be integral to this process.
Cybercriminals are already leveraging automation to make attacks more persistent and effective. Likewise, artificial intelligence, machine learning and automation integrated into network security tools enable the detection and prevention of attacks in real-time, allowing organizations to keep pace with cybercriminals.
Lack of Establishment of better Security Protocols
This is one of the most significant issues that FinTechstart-ups firms face is selecting best security mechanism, like securityprotocols to enhance encryption data. Inadequate security protocols, data is easily exposed, leaving companies vulnerable to attacks.
Tunnelling protocols used in VPNs are effective at encrypting FinTech data. Some of the best-known tunnelling protocols include:
- Point-to-Point Tunnelling Protocol.
- Layer Two Tunnelling Protocol.
- Internet Key Exchange version 2.
- Secure Socket Tunnelling Protocol.
These tunnelling protocols provide different levels of protection and provide security in different ways. FinTech should research and become more familiar with the different types of protocols and how to use them within a virtual private network – this is especially true in a financial environment where cyber threats are imminent and ongoing
Addressing Vulnerabilities in Information Technology Systems
Integration of multiple systems and technologies leads to multiple cyber vulnerabilities. When two systems that are not designed at the same time by the same developers often pose compatibility issues and challenges in security, given the limitations in technology. Technology Engineers face issues while integrating two different systems, sometimes engineers working on different systems doesn’t even know how the other system works and vice versa, which makes identification of vulnerabilities more difficult.
Cybercriminals like hackers exploit these vulnerabilities to gain access to the system.
Many cybercriminals gain access to applications and networks because of improper configuration during installation. There are other techniques that are often used like spear-phishing, where humans mistakenly open spam emails and download malicious attachments or enter confidential information into fake websites to which they are redirected. So this is important for all Fintech Statups to raise awareness of cybercriminal risks and educate the newly banked on digital and financial literacy to teach them best practices to ensure security when engaging in financial transactions online.
Lack of Compliance Regulations related to Cyber Security
Rapid growth in happening fast in FinTech firms. FinTechstart-ups are flexible enough to change and adapt to evolve alongside consumer demands, rapidly.They are flexible andquick partly because there are not the same regulatory rules as traditional financial services for them. However, there are no regulations are controlling the way start-ups conduct their business. This is making the FinTech firms vulnerable because, they can sacrifice cyber security in order to capture the market as fast as possible.
FinTech Companies are collecting and storing personal information, so they needs to safeguard customer data. Further the challenge of is the way they protect this data. Many of FinTech firms have adopted bank-level security measures and fine-tuned them for their digital platforms.
Use of secure applications , regular vulnerability assessments on networks and applications , patching the applications on time, using Secure socket Layer(SSL) encryption while transferring the data is the must for enhancing cyber security.Fintech can opt for ISO 27001:2013 (ISMS) for overall cybersecurity.
There is need of some strong regulation, which would inspire start-ups to invest some of that venture capital money into their security. As the FinTechindustry grows, so will their defence against breaches.