What exactly is Security Assurance?

If you are a regular reader of Cybersecurity Magazine, you may have come across Security Assurance before. In this article, we take a look at what is behind this abstract term and why it is so important.
Security assurance is an umbrella term for several processes aimed at ensuring individual system components can adequately protect themselves from attacks. Doing so requires not just a one-time effort, but actually spans the complete system lifecycle. After all, what is considered an acceptable security posture may change over time depending on, for example, newly emerging threats or changes to how the system itself is utilized.

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Why should banks be concerned with DDoS attacks?

Distributed Denial of Service (DDoS) attacks first appeared on the radars of security experts around 1999, when a wave of cyberattacks brought down countless websites, including resources of major corporations, such as CNN, eBay, Amazon, and E-Trade.
Many years later, DDoS attacks have not lost their relevance, on the contrary, DDoS attacks are growing more and more destructive. Financial institutions are increasingly becoming the targets of malicious actors, their financial and commercial losses inflicted by DDoS, lost revenue, customer churn, and hits to reputation, far exceeding operating losses.
DDoS then is a real and pressing threat for banks. But why are DDoS attacks in this industry that much more prevalent?

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Drill Down into the EU Toolbox for 5G Security

5G networks are becoming a key part of our critical infrastructure, enabling wireless networking in a broad range of scenarios from mobile broadband to massive IoT. Until recently though there has only been moderate noticeable output by national regulators on the specific security risks 5G systems are subject to.
Cybersecurity Magazine takes a look at the efforts made by the EU and its “Toolbox” to better realize guidance beyond industry standards and ensure a common security baseline at scale.

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