Any time we log in to socials, we should be cognizant of the information we're willing to reveal and how for-profit actors could use that personal data. Sharing our time, tastes, and feedback with online communities is what draws us to the apps, but it’s easy to “overspend” your seemingly limitless personal data in exchange for entertainment. The TikTok application is unlike its contemporaries because its information-gathering technology is steps ahead and much more powerful. That information is primarily used to tailor the user’s feed and promote engagement with targeted advertisements.
In this series, ProCircular’s team of information security specialists will break down the top cybersecurity risks for small and medium-sized businesses in 2023. How do SMBs prepare for cybersecurity threats and prevent security incidents? Trevor Burke lays out the special precautionsorganizations can take to lower the likelihood of incidents caused by internal threats.
In 1999, Congress passed the Gramm-Leach-Bliley Act, which requires financial institutions to explain their information-sharing practices to their customers and to safeguard sensitive data. The Act mandated the passage of the Safeguards Rule, which was promulgated by the Federal Trade Commission (FTC) in May 2002 and made effective May 2003. In 2019, the FTC began working on amendments to the Safeguards Rule, and on December 9, 2021, the FTC finalized these amendments. Depending on the classification of their financial institution, clients will need to understand the following rule changes and properly abide by the new FTC regulations.
MXDR (Managed Extended Detection and Response) is a professionally managed combination of tools that use powerful AI to correlate readings from different security monitoring tools. The process for implementing MDXR depends on the tools you already have in place. Switching to a new tool can be tricky if you’re mid-contract with another vendor. It’s a good idea to talk to a defensive cybersecurity expert to get set up with the right stack of tools for your organization!
As online and at-home banking options become more accessible, more online activity increases the risk of theft. Since 2021, IBM reported that the average cost of a breach rose from $4.24 million to $4.35 million.