CFI.co Summer 2017

Page 73

Summer 2017 Issue

The purpose of the assessment should be to improve the visibility into the precise problems dragging down your cyber health. Your organisation’s cyber health needs to be measured in such a way that improvements can be evaluated over time. And, because regulatory and compliance reports are required, wouldn’t it be nice to get all your regulatory and compliance reports in one place? Some 80% of successful cyber-attacks exploit known vulnerabilities in the software. KPMG says, “no one can fill these holes.” The Qafis team of experts can address the remediation for you in real time, through deep software scanner that detects the known vulnerabilities lurking in your software and provides information on how to cover everyhole. Before even evaluating new equipment purchases or the latest product solution – are you sure that the attacks you face are not coming through the holes in the software in your system? The deep scanning software solves this problem so that your hardware purchases address real needs, and not just enrich the hardware providers.

Without answers to the most critical cybersecurity questions, many organisations have been conditioned to buy the next new thing. Quite often this approach is about a solution looking for a problem, instead of Qafis approach of providing solutions to problems. As network intrusions and data breaches continue to escalate globally, hackers often use software vulnerabilities, stolen user IDs and passwords for unauthorised entry into sensitive computer systems as well as into physical environments such as airports and buildings. Passports and other paperbased forms of identification can be forged or misread. Qafis’ biometric technologies – including facial, iris, retina, voice, brain, and fingerprint recognition – have emerged as the preferred new methods of security verification by governments, law enforcement, business, and industry. Reinforcing Qafis’ biometrics with the code scanning and organisational assessment, the newly combined technologies offer public and private sector organisations a top-to-bottom, CFI.co | Capital Finance International

face-to-code enforcement of best physical and cybersecurity practices. There are so many “alerts of a possible attack” from devices on the networks of major institutions that a new genre of tool has been developed to distil truth from fiction before the consequences occur. Hardly a day goes by without news of someone being hacked. In addition, the hacks – with ransomware, data theft and data manipulation – are, incontrovertibly, on the rise. In fact, the loss history attributed to cyber-attacks is about $500 billion per year. How can we safely shop online? How can we secure our online bank transactions? The true losses of online shopping, banking and the future risk are overwhelming. In addition, do we just trust the name brand of the provider? Major banks have been hacked— from PNC to JP Morgan to the Central Bank of Bangladesh. The entire digital platform economy is under siege. 73


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