Techno Moon

By Shibu Paul, Vice President – International Sales, Array Networks The Banking, Financial Services, and Insurance (BFSI) sector is one of the most crucial pillars of the global economy, serving as the foundation for economic stability and growth. In today’s digital world, where almost every transaction, investment, and insurance service is conducted online, data has become a key asset. However, the presence of such valuable data attracts malicious actors. Safeguarding sensitive data within the BFSI sector has emerged as critical concern and is essential to maintain customer trust, ensure regulatory compliance, and protect organisations from financial and reputational damage. The Growing Threat Landscape The BFSI sector is vulnerable to advanced cyber threats, including ransomware, phishing, insider attacks targeting customer data, and financial extortion. Emerging technologies like cloud computing , AI, and blockchain introduce additional vulnerabilities, making the sector more suscep...

Insider threats are growing in the Banking, Financial Service, and Insurance (BFSI) sector and are becoming more challenging to classify today. The attacks can result from oversights stemming from human error, malicious intent, or compromised third-party vendors. These threats are highly debilitating in terms of potential financial constriction, reputational injury, and legal action and any business should be worried about how to mitigate these threats. Traditional defenses like firewalls and perimeter security are no longer sufficient to safeguard organizations against these internal risks. However, to detect, prevent, and minimize insider threats within BFSI businesses, a new generation of cybersecurity technologies or digital arrests is needed. The Insider Threat Challenge in BFSI BFSI sector is the most exposed to insider threats because of its high-value, sensitive information dealing with customer data and sensitive confidential business operations. Recent reports indicate that ...

In the modern digital landscape, cyber threats are more changing and complex than ever. While cloud services, remote work, and insider threats have made the “castle-and-moat” approach obsolete, the Zero Trust Security brings that new age cybersecurity framework built on the principle of “trust no one, verify everything.”  What is Zero Trust Security?   Zero Trust model considers every request originating from inside or outside a corporate network as a potential threat. Unlike the traditional security model, access controls and identity authentication have to be done at every step of interaction. Other than multi-factor authentication (MFA), micro-segmentation, least privilege access, and continuous monitoring technologies, Zero Trust ensures that sensitive resources are accessible only to authorized users.  Why Zero Trust Matters   Conventional security models are assumed to be based on threats coming from outside an organization, based on a “trusted” internal netw...

Gear up for a conversation that’s set to redefine your tech perspective! Join us for a power-packed conversation featuring Shibu Paul, Vice President - International Sales at Array Networks , in an exclusive Innovation Talk with Kaanchi Chawla, Senior Sub Editor at Elets Technomedia! Source Link: https://www.youtube.com/live/P7sjamOIUvQ Website Link: https://www.arraynetworks.com/