How Banks Around the World Can Prevent Cyber Attacks

banks preventing cyber attacks

As both consumer and commercial banking clients shift to primarily utilize online banking, they still have high expectations that their financial assets will be secure. In 2021, the banking industry reported 703 cyberattack attempts per week — a 53% increase from 2020. And the cost of cyberattacks in the industry has reached $18.3 million annually […]

How to Shield Your IoT Devices and OT Environments

IOT Cybersecurity and cyber threats

The cyber threat landscape is constantly shifting, with the methods used by malicious actors becoming increasingly sophisticated in order to evade cyber defenses. As attacks on all industries become more complex, industrial environments and manufacturing networks are more vulnerable. In addition to traditional data theft and espionage, hackers will now target your operational technology (OT) […]

How to Protect Your Law Firm from the Rise in Ransomware

Cybersecurity in the legal sector

Whether it’s client intellectual property (IP), M&A transaction agreements, or corporate trade secrets, the legal services sector collects a lot of sensitive data. And where there is sensitive data, there is money to be made, with malicious actors increasingly attempting to exploit, sell, or hold legal data to ransom. The legal industry was the most […]

Augment Your Cybersecurity Posture with Professional Services

Cyberattacks have become so common that it’s no longer a matter of “if” but “when” your business will be hit. And when it comes to identifying and remediating cyber threats, you need to know what you’re facing. But selecting, deploying, and managing multiple technologies, particularly amid the current cyber skills gap, is time-consuming and expensive. […]

How Can Businesses Help Close the Cybersecurity Skills Gap?

centripetal-skills-gap-blog

Every business, no matter its size or sector, has been impacted by the persistent lack of cybersecurity professionals. The cyber workforce gap is estimated at  2.72 million professionals, and (ISC)2 predicts that the global cyber workforce needs to grow by 65% to effectively protect organizations’ networks. What is causing the cybersecurity skills gap? The reasons […]

How Cyberattacks Affect Business Reputation

centripetal-reputational-damage-blog

When an organization is hit by a cyberattack, the amalgamation of ransoms, liability expenses, and regulatory fines can result in devastating costs. In 2021, the average cost of a data breach rose to $4.24 million per incident, the highest in history. But financial loss isn’t the only negative consequence of a breach — reputational damage […]

How Do Cyberattacks Impact Large Enterprises?

centripetal-larger-enterprise-blog

Businesses of all sizes are vulnerable to cyberattacks. However, large enterprises find themselves particularly vulnerable to sophisticated ransomware, nation-state, and insider attacks due to their complex and diverse organizational structures. And where these ‘big fish’ have annual revenue in the billions, they are a far more attractive target to hackers seeking financial gain or looking […]

Why Mid-Sized Organizations Need Enterprise-Level Cybersecurity

centripetal-SMB-cybersecurity-blog

They may not hit the headlines, but that doesn’t mean that cyberattacks on small and mid-sized businesses aren’t devastating. In fact, without the security resources of their larger counterparts, cyberattacks can be even more financially and reputationally crippling for SMBs. Almost half of all cyberattacks are now targeting SMBs, particularly those in the legal, insurance, […]

Bridging the Cyber Skills Gap for Small Businesses

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The past few years have brought about some major changes in the way small businesses work. The rapid shift to remote or hybrid work, and subsequent adoption of cloud applications, has expanded small businesses’ threat landscape. Almost half (43%) of all data breaches now target SMBs (small and midsize businesses), with hackers looking to exploit their […]

Nation-State Threats to Power and Other Utilities

centripetal-nation-state-threats-blog

A cyberattack on a power company can have catastrophic consequences. One malicious email, infected assets, or a compromised supply chain partner can lead to loss of power across entire regions. While it’s acknowledged that their distributed infrastructure, increased digitalization, and reliance on supply chain partners puts power companies at an increased risk of financially motivated […]