SOC 2 Compliance stands for System and Organization Controls 2, a framework developed by the American Institute of CPAs (AICPA). The purpose of this framework of SOC2 report is to provide the health status of a company’s data handling. This framework is not industry-specific, but covers any company whose customer data resides in the cloud.
Read More
The increase in online payments has created a new security risk for consumers. It has put their payment-related data at risk. According to Stripe, 9,000 data breaches occur every day. In 2006, card payment companies such as Visa, Mastercard, AmEx, Discover, and JCB came together to set up the PCI Council, which was entrusted with
Read More
Financial institutions face an ever-increasing threat from cyberattacks, particularly malware. These attacks can cause severe financial and reputational damage. As these institutions rely more on digital platforms, they must prioritize data security to protect sensitive information. This blog explores how financial institutions can secure their data through malware testing. Understanding Malware Threats in Financial Institutions
Read More
In 2020, a major automotive company faced a massive cyberattack that disrupted its production for days. The attackers exploited vulnerabilities in the company’s systems and deployed ransomware that halted manufacturing lines. The company suffered millions of dollars in losses and reputational damage. This case was not isolated. As vehicles become more connected, the automotive industry
Read More