Cybercriminals worldwide target blockchain businesses with a variety of attacks including phishing, making a fool of them every single day. Here’s what you need to know!
Fintech or Finance-technology is today one of the fastest-growing industries across the world, encompassing segments such as payments and remittances, wealth management, credit technology, blockchains, regulation technology, online insurance etc., each of which are whole industries in their own right. Driven by digital innovation, fintech is rapidly changing the way individuals and businesses perform financial transactions, be it to shop online, pay insurance premiums, evaluate credit scores or pay salaries.
FBI Director Robert Mueller once said, “There are only two types of companies: those that have been hacked, and those that will be.” Every business, no matter its industry or scale, is a potential target and unless there is a strong security culture in place, odds are that a breach will occur, causing a loss of information, leakage of critical data or direct financial fraud. We have witnessed organizations across finance, healthcare, governance, retail, transportation, energy and education targeted by cyber-criminals in the last one year alone.
Segasec and Entersoft to strengthen their partnership in India
Tel Aviv, February 13, 2019 – India is among the top four nations targeted by phishing attacks according to a recent research. Consequently, the Reserve Bank of India (RBI) lately regulated that all Indian banks need to have in place a robust cybersecurity framework. This should include a Cyber Crisis Management Plan (CCMP) that addresses early detection, fast response, recovery and containment including protection against customer facing phishing attacks.
Introducing our close partners - BlockShow powered by Cointelegraph.
BlockShow Asia 2018 is gathering more than 2000 people (big names from OTC like DRW/Cumberland; funds FBG, GBIC, Signum, Fenbushi as well as Regulators and Corporate representatives) second year in a row on November 28-29 in Marina Bay Sands. This year BlockShow is retuning to Singapore as a part of Asia Blockchain week.
Entersoft is proud to announce a partnership with BLOCKLOAN - Next generation credit on blockchain with global lending protocols & crypto products. BLOCKLOAN is building the ultimate blockchain credit infrastructure, including a global Consumer Lending Protocol & Margin Lending Protocol, as well as a highly-secure Wallet & Debit Card, converting crypto to fiat.
Entersoft successfully conducted Tel Aviv Hackfest in collaboration with SQ Link Group, Israel’s leading IT Company on 24 July 2018 at SQ Link office, Ramat Gan, Tel Aviv.
Cyber security in FinTech is a growing concern, with no markets more directly impacted by its rise than banks, payments and Blockchain. Data from banks and other financial organisations is a premium target for hackers, offering clear incentives for their malicious attacks.
With this in mind, we launched the FinTech Hackfest - an event that saw white hat hackers from Entersoft, PwC and others, make Hong Kong Fintech products secure within 24 hours.