Insights from Abacus Group

Biggest Cybersecurity Risks for Financial Firms

Abacus Group - Oct 29, 2019

The following article was written by John Carbo, Director of Information Security at Abacus Group, and originally appeared on Security Magazine.

October marks Cybersecurity Awareness month, and with seventy percent of financial companies having suffered a cybersecurity incident in the past 12 months, according to a recent report by Carbon Black, it’s crucial for firms to not only know their biggest cyber risks but how to prevent them. This article will talk about the biggest risks facing financial firms and best practices for prevention.

Topics: cybersecurity

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Why the Millennial Generation is Helping Push Financial Firms into the Cloud

Abacus Group - Sep 23, 2019

The following article was written by Paul Ponzeka, CTO at Abacus Group, and originally appeared on Global Banking & Finance.

As financial firms contemplate whether public cloud systems are the right move for themselves and their business, there is a growing population that is forcing these businesses to make the decision sooner — their staff. Millennials, now the largest generation in the U.S. workforce, are pushing their employers into the cloud.

Why? Well, for several reasons.

Topics: cybersecurity

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Cybersecurity in the Age of the Remote Workforce

Abacus Group - Sep 4, 2019

The following article was written by Paul Ponzeka, CTO at Abacus Group, and originally appeared on HelpNet Security.

With the advent of cloud services and the proliferation of high end mobile devices (think iOS devices and Android phones), the workforce is moving inexorably to a mobile one where managers and employees are no longer tied to the office.

Topics: cybersecurity

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Who Is Ultimately Responsible for Cybersecurity?

Abacus Group - Aug 1, 2019

The following article was written by John Carbo, Director of Information Security at Abacus Group, and originally appeared on MarketsMedia

In the past, cybersecurity responsibilities at investment firms might have been left to the compliance department. In 2017, the New York Department of Financial Services (DFS) mandated that “senior management must take this issue seriously and be responsible for the organization’s cybersecurity program.” The firm is still responsible when it uses a third-party IT service provider.

Topics: cybersecurity

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3 Keys to a Successful Cyber Compliance Program and Eliminating a Major Source of Cyber Risk

Abacus Group - Jul 25, 2019

The following article was written by Jonathan Bohrer, CFO at Abacus Group, and originally appeared on Corporate Compliance Insights.

Addressing the human factor of cybersecurity

Most organizations’ security and data protection efforts are seriously lacking – particularly when it comes to the human element. Abacus Group’s Jonathan Bohrer outlines three components of a successful cyber compliance program: education, protection and monitoring.

Topics: cybersecurity

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Summer Cyber Reading List

Abacus Group - Jul 17, 2019

The following originally appeared on SC Magazine UK, contributed by Paul Ponzeka, CTO at Abacus Group.

 

 

Fact and fiction - a summer reading list for pros and others interested in cyber-security to help enlighten, educate and entertain, and while they may be from a US perspective, the lessons are international.

Often, fact is stranger than fiction. Cyber-security professionals know that for sure. So, for a summer reading list pros and others interested in cyber-security may be interested in these books to help enlighten, educate and entertain, and while they may be from a US perspective, the lessons are international. 

Topics: cybersecurity

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