Cybersecurity incidents are becoming an almost everyday occurrence. No entity is immune. Small, medium, and large businesses have all fallen victim to some type of cyber incident in recent times. According to cybersecurity statistics, during the first quarter of 2023, more than six million data records were exposed worldwide through data breaches. Since the first quarter of 2020, the highest … Read More
9 Ways to Leverage Cyber Threat Intelligence
Cyber threat intelligence is data that is collected, analysed, and processed to understand a malicious actor’s attack behaviours, motives, and targets. Cyber threat intelligence allows IT security specialists to make quicker, more informed cybersecurity decisions and changes the response from reactive to proactive in the fight against cybercrime. Why is Cyber Threat Intelligence Important? In the ever evolving digital world, threat … Read More
What Can Malicious Code Do?
With there are thought to be over a billion strains of malicious code in existence – and over 500,000 new forms detected every day, companies must make protection against malicious code a top priority. However, strategies for mitigating the effects of malicious code have to constantly evolve to combat their growing variety and the ever-increasing damage they can cause. So, … Read More
7 Benefits of Dynamic Malware Analysis
Malware analysis is the process of understanding the purpose and behaviour of a suspicious file, website, server, or application. The analysis output helps with the detection, reduction and/or mitigation of potential threats. Malware analysis is a key process that ensures overall computer and cyber security as well as the security and safety of an organisation’s digital assets. Malware analysis not only … Read More
Why is cyber security for financial services so important?
With the vast amounts of money and sensitive data they possess, financial services companies are one of the most common targets for cybercriminals. Worse, because of the highly lucrative opportunities for theft, fraud, and extortion, financial institutions attract the most competent, experienced, and motivated cybercriminals, including organised cybercriminal syndicates that employ the most sophisticated and diverse tools and techniques, making … Read More
What is cyber risk modeling
As malicious actors continue refining their attack methods, the average cost of a data breach is rising. Consequently, companies must devise cyber risk mitigation strategies and implement the required security controls to better protect their networks and infrastructure with an appropriate sense of urgency. Unfortunately, the technical nature of cyber security means that IT personnel often have difficulty accurately conveying … Read More
What is technology risk management?
Technology risk management demands careful attention and a comprehensive plan. RiskXchange can deliver both. Almost every business today relies upon technology to function. The use of computers, laptops, smart phones, tablets, and the internet, have created a technological foundation upon which businesses are built. This, however, opens up some major technological risks and where technology risk management comes in handy. … Read More
What is Data Exfiltration?
Data exfiltration is a type of security breach that occurs when a company or individual’s data is retrieved, transferred, or copied from a server or computer without authorisation. Cybercriminals are usually responsible for data exfiltration by stealing data from corporate or personal devices, such as mobile phones or computers, using various data exfiltration attack methods. Another definition of data exfiltration … Read More
What are botnets?
Continuous monitoring by cybersecurity firms like RiskXchange highlights vulnerabilities that hackers could exploit to prevent a botnet attack. What are botnets? In short, a botnet is a group of internet-connected devices (IoT) that are infected by malware and used for cyberattacks by cybercriminals. They tend to be under the control of one attacking party, the “bot-herder.” Each machine under the … Read More