Posts

What is HSM? What are the benefits of using an HSM?

Image
Today, organizations collect and keep sensitive client data such as credit card information, banking details, health records, and so on. Misuse of these sensitive data could result in a digital tragedy. This client information is frequently saved in devices and on servers. Even encrypted data can be disclosed when the private key is stolen or hacked. This is why businesses use Hardware Security Modules (HSM) to protect data from leaks or tampering. Compliance with government regulations is no longer enough to ensure data security. It is now the key to success for many businesses. You might have heard of the term encryption keys before. You wish to encrypt your biometric data, perhaps your database, or just some random data for security compliance reasons. To encrypt, you’ll need an encryption key, which you’ll use to encrypt your data. A random string of bits called an encryption key is constructed specifically for scrambling and unscrambling data. We usually utilize several algorithm...

How Does PKI Work to Keep Your Business Safe?

Image
Technological advancement, an increase in online transactions, and a fast-paced lifestyle provide new opportunities for hackers. As an online merchant, you must provide the highest level of payment security to reassure your clients that their personal information is secure. Your online business should prioritize providing the best level of security possible, including complete encryption and multiple levels of fraud prevention technologies. Online transactions have a larger risk of financial fraud than in-store transactions. However, with the correct processes and technologies, it is possible to limit the danger of an attack and keep customer data safe to secure the business. This also helps you avoid chargebacks, penalties, and other non-essential costs and charges. How to safeguard cardholder’s data? The Payment Card Industry Data Security Standard (PCI DSS) assists in the protection of cardholder data. The PCI Security Standards Council (PCI SSC) implements the standard by recommen...

5 Simple Tips to Keep Aadhaar Number and Information Safe

In India, the Aadhar card is the standard document of identification and residence. When filing an ITR, the government of India has ordered that each individual's Aadhar card be linked to their particular PAN (Income Tax Return). As a result, tax-related information will be available through Aadhar. Furthermore, the Aadhar Card must be linked to bank accounts in order for the government to gain access to individual financial information via this utility document. Bharat Interface for Money (BHIM) and Aadhar Pay are two government and private money transfer programs that are related to Aadhar. If someone gains access to your Aadhar Card, he or she can now collect data from related/linked services. Furthermore, Aadhar contains biometric information such as iris and fingerprint data, which could be exploited if it falls into the wrong hands. As a result, it's a good idea to keep your Aadhar card safe.  Here are five simple ways to keep your Aadhaar from being misused. Do not post...

This is How Your Aadhaar Data Is Secured

Image
The Aadhaar Card has evolved into a critical financial instrument, closely linked to your financial transactions, tax information, bank information, and much more. Without an Aadhaar Card, it is nearly impossible to carry out a number of basic financial transactions. While it has become absolutely necessary to obtain an Aadhaar Card, concerns have been raised about the security of the Aadhaar database. People have claimed on numerous occasions that the Aadhaar database, including biometric details (fingerprint and iris data), is vulnerable to theft and hacking due to a lack of security infrastructure. Some critics have even gone so far as to claim that Aadhaar information for a large number of people can be obtained through a simple Google search. Individual information is inherently protected in the UID project's design, which is principally accomplished by the allocation of random 12-digit numbers that reveal nothing about an individual. In addition, UID has taken a number of oth...

Encryption as a service – an overview

Image
In these alarming times of cyber-attacks, sensitive data protection, and regulatory requirements, encryption is one of the top priorities. The encryption approach protects data by making it unreadable to anyone who does not have access to the decryption/key information. There are numerous technologies in use today in IT for data encryption at rest. Every presentation on the topic covers the solution's key management, how it's a huge, complex issue, and how each product solves it better. This is all useful information for businesses, but when these encryption and key management technologies are deployed to the cloud, the situation becomes much more complicated. Encryption can help protect data in both the active management and storage phases. The objective of encryption is that no one can access data until it is decrypted, but for cloud service providers, this becomes a problem (CSPs). They also require access to the necessary decryption keys because they can't process encry...

How To Protect Data and Identity Online

Image
Are you concerned about how much of your personal or business information is stored on the internet and could it be stolen or misused? You're not the only one who feels this way. The issue of online privacy is crucial. Identity theft is any deception, scam, or crime that results in the loss of personal information, such as usernames, passwords, banking information, credit card numbers, Social Security numbers, and health identification numbers, which is then used without your permission to commit fraud and other crimes. A data breach occurs when someone acquires unauthorized access to an organization's data. The most common types of information stolen in data breaches are email addresses, passwords, full names, Social Security numbers, and credit card numbers. Data breaches reached an all-time high of 1,862 in 2021, according to the Identity Theft Resource Center's (ITRC) 2021 Annual Data Breach Report, an increase of more than 68 percent over 2020. To help you protect your...

Tokenization in Fintech: What’s the significance?

Image
Did you know that every year, organizations lose 5% of their revenue due to financial fraud? This might result in billions of dollars in fraud losses, which would be devastating for businesses and economies all across the world. Whether or not your business has been a victim of fraud, it is critical that you take actions to encourage fraud prevention and awareness. Continue reading to find out more about what you can do to safeguard your company’s critical information. What do you need to know about fraudulent activity? Before we go any further, it’s helpful to define what fraud is. After all, the better you understand fraud, the better your business and customers will be protected. Fraud is defined as when a person or group knowingly and illegally uses false or misleading information to steal another person or organization of anything of value. Money, property, sensitive data, or rights can all be involved. Small and large businesses, schools, and government agencies are all targets f...