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The ransomware attack on Financial Business and Consumer Solutions (FBCS) allowed cybercriminals to encrypt and steal data not only tied to Comcast but also from other FBCS clients, including Truist Bank and CF Medical. This attack serves as a textbook example of a supply chain compromise, where threat actors exploited a weaker third-party vendor to gain access to sensitive information belonging to larger organizations. It also highlights the critical need for a layered defense strategy, supported by a 24/7 security team that actively hunts for threats and is ready to respond to suspicious activity at a moment’s notice. 🐾 #cybersecurity #security #informationsecurity #infosec #ransomware #databreach

🚨 How to Prevent Your Business from Becoming the Next Victim of Cyber Attack The recent cyber attack on MoneyGram, which knocked out their money transfer services for days, serves as a reminder that no business is immune to these threats. But there are steps you can take to reduce your risk and keep your business safe. Here are 5 essential cybersecurity tips to help protect your company: ✅ Conduct Regular Security Audits 🔍 Identify vulnerabilities in your network before attackers do. Routine audits can help you catch weaknesses and patch them quickly. ✅ Implement Multi-Factor Authentication (MFA) 🔐 Require multiple forms of authentication to access sensitive systems. MFA significantly reduces the likelihood of unauthorized access. ✅ Train Employees on Cybersecurity Best Practices 🎓 Human error is a top cause of breaches. Ensure your team understands how to spot phishing attempts, use strong passwords, and avoid risky behaviors online. ✅ Back Up Data Regularly 💾 Ensure your data is backed up to a secure, off-site location. In case of a breach, you can quickly recover critical information without paying ransoms. ✅ Partner with a Trusted Cybersecurity Provider 🛡️ BetterWorld Technology offers comprehensive security solutions tailored to your business needs. From proactive monitoring to incident response, book a call to help ensure you’re fully protected. 💡 Don’t wait until it’s too late! Take action now to secure your business and avoid costly downtime. #CyberSecurity #BusinessContinuity #DataProtection #ITSecurity #BetterWorldTechnology #CyberResilience https://lnkd.in/ep3jsDMs

Learn from the missteps of a leading financial services company! Discover 9 crucial cybersecurity practices to safeguard your business against threats. Don't wait for a breach to act – proactive IT Managed Services can protect your assets and reputation... #cybersecurity #itmanagedservices #soc #infosecurity

Companies that dismiss the importance of cybersecurity (and we meet many day in and day out) are sitting ducks for ransomware attacks, data breaches and financial theft. When disaster strikes—and it will—cyber insurance can mean the difference between survival and collapse. It provides a financial shield, covering losses, legal fees, and recovery costs that can cripple an unprepared organisation. Without it, even a single cyber incident can wipe out years of progress, leaving companies scrambling to restore their reputation and trust. Don’t wait for the inevitable—protect your business with cyber insurance before it’s too late. At Zoom, we help assess a company’s unique vulnerabilities, recommend tailored coverage options and negotiate with insurers to secure the best terms. Talk to us and get yourself covered against potentially catastrophic cyber threats ! Sagar Sanyal Saurabh Tripathi

The recent American Express breach is a wake-up call for the entire industry. Cybersecurity protocols across all service providers must be strengthened with cutting-edge technologies such as tokenization to safeguard customer data with utmost diligence. Prioritizing resilient security frameworks and fostering accountability among partners is crucial to fortify our defenses and restore confidence in digital transactions. Let's unite our efforts to protect our customers and prevent future breaches. #cybersecurity #dataprotection #digitaltransactions

The recent data breach affecting American Express customers highlights the critical importance of service providers being held accountable for data security. It is imperative that businesses prioritize data security and work closely with their service providers to ensure the highest level of protection. #DataSecurity #CyberSecurity

MoneyGram confirms a cyberattack is behind dayslong outage Money transfer giant MoneyGram has confirmed it suffered a cyberattack after dealing with system outages and customer complaints about lack of service since Friday. While many suspected the company was hit by a cyberattack, it wasn't until Monday morning that MoneyGram confirmed that a cybersecurity incident caused the systems outage. "MoneyGram recently identified a cybersecurity issue affecting certain of our systems," reads the announcement. Stay Connected to Sidharth Sharma, CPA, CISA, CISM, CFE, CDPSE for content related to Cyber Security. #CyberSecurity #JPMC #Technology #InfoSec #DataProtection #DataPrivacy #ThreatIntelligence #CyberThreats #NetworkSecurity #CyberDefense #SecurityAwareness #ITSecurity #SecuritySolutions #CyberResilience #DigitalSecurity #SecurityBestPractices #CyberRisk #SecurityOperations 

🚨 MoneyGram Confirms Cyberattack – What’s Next? On September 20, MoneyGram began experiencing outages, leaving millions of customers unable to access or transfer funds. After initial silence, the company confirmed it suffered a cybersecurity incident leading to major system outages. This attack highlights the devastating effects of ransomware, with systems taken offline and no clear timeline for full recovery. For a company processing 120+ million transactions annually, the risks are massive. At Connecting Dots, we specialize in proactive and offensive cybersecurity to protect businesses from such devastating impacts: 🔍 Vulnerability Assessments: Discover and close system weaknesses before they’re exploited. 🛡️ Ransomware Prevention: Implement robust defensive measures to stop ransomware in its tracks. 📊 Compliance & Risk Monitoring: Stay compliant with global standards like Essential 8, ISO 27001, and more. 🛠️ Incident Response Plan: Fast and effective response to minimize downtime. ✅ Secure Cohort: Get direct access to the best service providers for resolving critical vulnerabilities. Don’t wait for the next attack – secure your business now. #CyberSecurity #Ransomware #IncidentResponse #ApplyCyber #Essential8 #BusinessContinuity #CyberDefense Connecting Dots… https://lnkd.in/e3dFUCfv

In recent cybersecurity news, Sav-Rx, a prescription benefit management company, experienced a significant data breach, resulting in the exposure of millions of U.S. customers' Social Security numbers and other sensitive information. 😳🔒 Read more to understand the details of the case, the implications, and resolution using cybersecurity solutions! 🧾Read full report --> https://hubs.la/Q02KpQ4t0

The top 3 cyber cybersecurity challenges facing the financial industry right now 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 cyber security for financial services a number one priority. The financial services industry can’t afford to be the least bit complacent about cyber security and must have the best defence measures in place to mitigate cyber threats. Considering all this, let’s look at the top 3 cyber cybersecurity challenges facing the financial industry right now... #RiskXchange #Finance #Banking #Cybersecurity