Author name: @loginetsupport@

Loginet Head of SIEM: “SMBs Are a Very Common Target”

Published: Nov 25, 2022 In the recent interview to CyberGhost, ScienceSoft’s Head of SIEM Department Dmitry Nikolaenya explains how our security team helps prevent corporate data breaches, speaks about major cyber threats targeting SMBs, and explores cybersecurity challenges of mixed reality. We are proud to cite the selected parts of the conversation here. You are welcome to read the full interview with Dmitry Nikolaenya on CyberGhost.“What are some of the biggest cyber threats that target SMBs that you’ve seen, and is there any way to prevent them? Owners of smaller businesses may mistakenly think that hackers only attack large companies. In reality, SMBs are a very common target: while they often have the valuable data that cybercriminals hunt for (financial information, personally identifiable data, intellectual property, etc.), they are likely to lack the necessary cybersecurity skills, polices, and tools to reliably protect this data. The most common threats that these companies face are phishing attacks, malware, including ransomware, and security breaches due to human error. To minimize the likelihood of a security breach, SMBs should therefore first and foremost build a security culture within the company: raise employees’ cyber awareness through training and conduct social engineering tests to see how well they can respond to real-world attacks. Up-to-date security tools (e.g., firewalls, antimalware, IDS/IPS, SIEM) that help prevent or detect malicious activity is definitely a must for a company of any size. To build a well-rounded IT security system, SMBs should undergo a comprehensive security assessment of their IT environment. It will help identify weak spots (poor or missing security policies, network or software vulnerabilities) as well as define and prioritize the required remediation measures. Having their IT security managed by a reliable vendor is often the best strategy for SMBs, as it gives easy access to a vast pool of advanced cybersecurity skills and tools while offering affordable pay-as-you-go pricing. I see that ScienceSoft has a division that works with mixed reality – can you talk about some of the cybersecurity challenges that occur in this realm? Mixed reality apps often gather a huge amount of personal data about their users: their location, surroundings, activities, even health information. As the devices that support MR (smartphones, headsets) commonly rely on Bluetooth and Wi-Fi, hackers can perform man-in-the-middle attacks to intercept sensitive information. Depending on the kind of information they manage to get, they can use it for sophisticated social engineering attacks, identity theft, or even to blackmail the user. Plus, malicious actors may disrupt the availability of MR infrastructures with ransomware and DoS attacks or manipulate the mixed reality content – that can endanger critical operations like surgical procedures or safety checks at manufacturing sites.” Share:

Loginet Head of SIEM: “SMBs Are a Very Common Target” Read More »

Loginet Secures Its Place in 2022 List of Top 1000 Companies by Clutch

Published: Dec 11, 2022 We are excited to announce that ScienceSoft was named in the Top 1000 Companies List by Clutch for the 4th year in a row. Clutch is one of the most well-known review and market research platforms that helps potential corporate clients connect with trusted service providers. When assessing the candidates for the list, Clutch relies on four criteria: Clutch-verified reviews from clients. Project portfolio. A company’s profile with expertise domains. Company recognition in their industry’s competitive landscape. Qualifying for Clutch award is no small feat and winning it is huge. We want to thank all our clients for trusting us and taking time to leave honest reviews on Clutch. Feeling inspired, we move ahead to new challenges and new wins! Loginet is no longer a newcomer in the IT business (in fact, we have 33 years to look back on). But we haven’t lost the energy and interest to explore new technology domains and meet our clients’ software needs. Along with our ever-growing expertise in software development and IT consulting, we eagerly nurture new directions of blockchain, VR, big data, and more. We will be glad to discuss your ambitious project! Share:

Loginet Secures Its Place in 2022 List of Top 1000 Companies by Clutch Read More »

IoT Architecture: Building Blocks and How They Work

Editor’s note: In this article, Borisdescribes the role and advantages of IoT for banking and finance and provides examples of how companies adopt IoT solutions to advance their banking services. ScienceSoft’s Internet of Things (IoT) team will help you discover and customize numerous IoT opportunities for your business, just let us know. The Internet of Things (IoT) is an advanced technology that enables networks of connected devices (e.g., sensors, cameras, smart gadgets) to collect real-time data, transfer it to the cloud for processing and analysis, and react to events in real-time. IoT plays an important role in banking and finance, ensuring efficient data collection and processing and supporting digital automation of key processes. With IoT-enabled solutions, BFSI companies can optimize their services and operations, enhance the security of transactions, and offer cutting-edge customer experience. What are the Advantages of IoT for Banking and Finance? improved customer view & personalized customer experience. IoT solutions collect and process customer data (regular payment locations, consumer preferences, driving behavior, etc.) that help BFSI businesses learn more about their clients and identify their needs and risks. With detailed and up-to-date customer profiles, BFSI companies can personalize customer interaction, offer targeted services, and provide relevant financial assistance. Automation. IoT-powered systems can automatically perform certain operations: process requests, open bank accounts, disable credit cards, etc., thus minimizing human intervention and, as a consequence, human errors. Enhanced security. IoT helps connect and remotely control CCTV cameras, smart alarm systems, vehicle telematics, and other monitoring technologies to ensure the 24/7 security of property and equipment (offices, ATMs, CIT vehicles, etc.) and send alerts in case of malicious activity. IoT is also a driver of cybersecurity: wearable devices enable user authentication via fingerprints, retinal scans, and face IDs when customers make payments via mobile apps. Fraud detection. IoT coupled with AI-powered analytics helps identify fraud and hacker attacks by collecting and analyzing user account data. If suspicious activities are detected, the user can be promptly alerted, and their account – is temporarily disabled. One-touch payments. Thanks to the integration of banking IoT solutions and wearables, users can make payments without using their credit or debit cards directly. NFC-powered devices, such as smartphones and smartwatches, enable contactless payments for seamless financial transactions.

IoT Architecture: Building Blocks and How They Work Read More »

The Value IoT Holds for Telecoms

Editor’s note: In this article, Borisdescribes the role and advantages of IoT for banking and finance and provides examples of how companies adopt IoT solutions to advance their banking services. ScienceSoft’s Internet of Things (IoT) team will help you discover and customize numerous IoT opportunities for your business, just let us know. The Internet of Things (IoT) is an advanced technology that enables networks of connected devices (e.g., sensors, cameras, smart gadgets) to collect real-time data, transfer it to the cloud for processing and analysis, and react to events in real-time. IoT plays an important role in banking and finance, ensuring efficient data collection and processing and supporting digital automation of key processes. With IoT-enabled solutions, BFSI companies can optimize their services and operations, enhance the security of transactions, and offer cutting-edge customer experience. What are the Advantages of IoT for Banking and Finance? improved customer view & personalized customer experience. IoT solutions collect and process customer data (regular payment locations, consumer preferences, driving behavior, etc.) that help BFSI businesses learn more about their clients and identify their needs and risks. With detailed and up-to-date customer profiles, BFSI companies can personalize customer interaction, offer targeted services, and provide relevant financial assistance. Automation. IoT-powered systems can automatically perform certain operations: process requests, open bank accounts, disable credit cards, etc., thus minimizing human intervention and, as a consequence, human errors. Enhanced security. IoT helps connect and remotely control CCTV cameras, smart alarm systems, vehicle telematics, and other monitoring technologies to ensure the 24/7 security of property and equipment (offices, ATMs, CIT vehicles, etc.) and send alerts in case of malicious activity. IoT is also a driver of cybersecurity: wearable devices enable user authentication via fingerprints, retinal scans, and face IDs when customers make payments via mobile apps. Fraud detection. IoT coupled with AI-powered analytics helps identify fraud and hacker attacks by collecting and analyzing user account data. If suspicious activities are detected, the user can be promptly alerted, and their account – is temporarily disabled. One-touch payments. Thanks to the integration of banking IoT solutions and wearables, users can make payments without using their credit or debit cards directly. NFC-powered devices, such as smartphones and smartwatches, enable contactless payments for seamless financial transactions.

The Value IoT Holds for Telecoms Read More »

IoT for Smart Banking and Finance

Editor’s note: In this article, Borisdescribes the role and advantages of IoT for banking and finance and provides examples of how companies adopt IoT solutions to advance their banking services. ScienceSoft’s Internet of Things (IoT) team will help you discover and customize numerous IoT opportunities for your business, just let us know. The Internet of Things (IoT) is an advanced technology that enables networks of connected devices (e.g., sensors, cameras, smart gadgets) to collect real-time data, transfer it to the cloud for processing and analysis, and react to events in real-time. IoT plays an important role in banking and finance, ensuring efficient data collection and processing and supporting digital automation of key processes. With IoT-enabled solutions, BFSI companies can optimize their services and operations, enhance the security of transactions, and offer cutting-edge customer experience. What are the Advantages of IoT for Banking and Finance? improved customer view & personalized customer experience. IoT solutions collect and process customer data (regular payment locations, consumer preferences, driving behavior, etc.) that help BFSI businesses learn more about their clients and identify their needs and risks. With detailed and up-to-date customer profiles, BFSI companies can personalize customer interaction, offer targeted services, and provide relevant financial assistance. Automation. IoT-powered systems can automatically perform certain operations: process requests, open bank accounts, disable credit cards, etc., thus minimizing human intervention and, as a consequence, human errors. Enhanced security. IoT helps connect and remotely control CCTV cameras, smart alarm systems, vehicle telematics, and other monitoring technologies to ensure the 24/7 security of property and equipment (offices, ATMs, CIT vehicles, etc.) and send alerts in case of malicious activity. IoT is also a driver of cybersecurity: wearable devices enable user authentication via fingerprints, retinal scans, and face IDs when customers make payments via mobile apps. Fraud detection. IoT coupled with AI-powered analytics helps identify fraud and hacker attacks by collecting and analyzing user account data. If suspicious activities are detected, the user can be promptly alerted, and their account – is temporarily disabled. One-touch payments. Thanks to the integration of banking IoT solutions and wearables, users can make payments without using their credit or debit cards directly. NFC-powered devices, such as smartphones and smartwatches, enable contactless payments for seamless financial transactions.

IoT for Smart Banking and Finance Read More »