Workplace use of WhatsApp is an expensive habit - so expensive it’s costing five US investment banks a total of $1B in fines from the SEC 🤯! This isn’t just a Wall Street problem - it's worldwide. Germany’s financial watchdog, BaFin, is investigating senior executive use of WhatsApp at Deutsche Bank.
Cybersecurity is a key priority for small, medium, and large companies. If you are a keen internet user or a lover of news and trending topics, I am sure you already know the current threats surrounding the cybersecurity realm. Cybersecurity threats are now a nightmare that faces all levels of organizations. Malware attacks, DDoS threats, phishing, brute force, SQL injections, etc. are running riot in the internet streets.
Security should be the utmost concern for all financial institutions for various reasons. Top on the list is to protect customer and client assets. By strengthening cybersecurity measures, financial companies can ensure that customer data is protected — eventually securing trust from stakeholders. This calls for financial boards to integrate advanced security measures across all governance practices, including meetings and data management.
Setting up your own servers requires a lot of up-front investment and ongoing maintenance. That’s why most technology companies today use an Infrastructure-as-a-Service (IaaS) provider for their compute needs.
One of our promises at Wire is to provide the most secure and user friendly communications platform. Today, we’re proud to announce the first phase in our latest efforts to bring data privacy to a broader group of people through accessibility improvements to our UI. We love user feedback, and these improvements were partially inspired by our users’ inputs and our commitment to following accessibility standards.
Wire is already a critical tool for government protection for key intelligence, sensitive communications, classified data, and a powerful shield against the constant threat of data breaches. Not only is it a prime insurer for governments, but Wire also acts as a major defense against cybercrime for SMBs.
Audit committees are vital in every company as they are involved in maintaining the company’s financial stability. One of their responsibilities is to prevent any misconduct in auditing and fraud in the company’s finances. Thus, they are crucial in gaining the trust and confidence of investors and stakeholders. Audit committees have an impact also on the board’s plans and decisions.
Modern SaaS application providers handle sensitive user information every day, from customer names and email addresses to application code and third-party API secrets. It is thus more important than ever for web applications to adhere to the highest security standards, not only to maintain their business reputation and avoid financial losses but also to protect their users.
The percentage of people using the internet every minute of the day is overwhelming but not shocking, to say the least. The “side effect” is that users unknowingly allow companies and applications to find their confidential data. There is a need to have a system that helps people determine the data they are willing to share with companies.
