The Cyber Defense eMagazine January Edition for 2024

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2. Find the right payment processing method for your business The method you choose to accept cryptocurrency payments should be tailored to the unique demands of your business. For instance, physical stores might benefit from implementing QR code payments. This system enables customers to quickly scan a QR code at the checkout, which is linked to the store's cryptocurrency wallet. Vigilance is key in securely displaying this code to prevent fraudulent replacements by scammers. When managed correctly, QR code payments offer a swift, secure, and contactless payment option suitable for bustling retail environments. Additionally, there are various cryptocurrency Point of Sale (PoS) systems designed to facilitate the acceptance of crypto and its conversion into traditional currency. It's crucial to partner with a reliable crypto payment processor that can efficiently convert your cryptocurrency earnings into fiat currency. The choice of platform can range from specialized services like Coinbase to versatile processors such as PayPal. 3. Set limits for cryptocurrency payments Setting transaction limits or payment thresholds for customers is a great risk management strategy when it comes to accepting cryptocurrency payments. By setting the maximum amount that can be transacted within a specified time frame, it gives you as a business more control over how funds flow and helps mitigate the impact of fraudulent activities and large losses. 4. Educate your staff and consumers on cryptocurrency fraud Educating both your staff and customers about the risks of cryptocurrency fraud is a vital step in safeguarding your business against fraud. One effective method to raise awareness among customers is through your existing marketing channels. For example, incorporating reminders in your email communications warning customers not to click on links from unexpected texts, emails, or social media messages, even if they appear to originate from your business. For your staff, it’s important to add awareness about cryptocurrency to their training and keep this up to date in line with the latest developments. 5. Stay updated on the cryptocurrency landscape It’s important to stay up to date on the latest regulations – especially when it comes to accepting cryptocurrency payments. Failure to do so can land your business in hot water. It’s also valuable to monitor recommendations from bodies like the Federal Trade Commission on how to manage fraud risk. While blockchain technology can enhance payment security by reducing fraud risk, protecting customer information, and ensuring transaction integrity, it is not a panacea for all types of fraud. Businesses must, therefore, carefully assess and manage the risks associated with accepting cryptocurrency to make an informed decision. Cyber Defense eMagazine – January 2024 Edition 110 Copyright © 2024, Cyber Defense Magazine. All rights reserved worldwide.
About the Author James Hunt holds over 20 years of experience across fraud, risk, and payments. He is currently the Subject Matter Expert, Payments at Feedzai. Prior to joining Feedzai – a financial fraud detection software company – James worked at GoCardless where he was a Senior Manager, Risk Operations. He was also previously a Senior Director at CyberSource – a leading payment management company, owned by Visa Inc. You can learn more about Feedzai by visiting our website: https://feedzai.com/ Cyber Defense eMagazine – January 2024 Edition 111 Copyright © 2024, Cyber Defense Magazine. All rights reserved worldwide.
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3 New Risks That CISOs Will Face in
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Top 6 Security Challenges of SMEs -
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Reducing Burnout and Increasing SOC
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@CYBERDEFENSEMAG CYBER DEFENSE eMAG
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Cyber Defense eMagazine - January 2
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1. AI development and use will dema
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How Small and Mid-Sized Businesses
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Achieving SOC 2 Type 2 attestation
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lights can be turned on at the flip
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About the Author Victor Atkins is a
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The Distinct OT Cybersecurity Envir
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About the Author Dave Purdy is the
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Two critical enablers for autonomou
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In conclusion, while the parallels
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Advanced AI-Powered Attack Methods
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Why Cybersecurity Maturity Model Ce
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What CMMC Accomplishes It’s essen
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AI: The Human Touch in Cybersecurit
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with human intuition creates a powe
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How does shifting from a reactive a
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About the Author Paul Brucianni, Cy
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AI and cybersecurity Cybercriminals
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Conclusion In conclusion, combining
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2. Selective Attention: Concentrati
Page 59 and 60: NIS 2: From Obligation to Opportuni
Page 61 and 62: Once the risks and challenges are i
Page 63 and 64: Top 6 Security Challenges of SMEs B
Page 65 and 66: Proactive Remediation is the Way Fo
Page 67 and 68: Is 2024 the Year of Cloud Repatriat
Page 69 and 70: Resource optimization: Workloads th
Page 71 and 72: What to expect in the metaverse The
Page 73 and 74: SolarWinds Lawsuit Reinforces the N
Page 75 and 76: Inviting Others to the Table By inc
Page 77 and 78: e used for an information protectio
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Page 81 and 82: terrorism. The criminal groups most
Page 83 and 84: statement, and the other actions it
Page 85 and 86: MGM & Caesars Cyberattacks: Lessons
Page 87 and 88: Companies must also adopt a zero-tr
Page 89 and 90: Another reason why threats keep gro
Page 91 and 92: Cyber Insurance: A Smart Investment
Page 93 and 94: data protection. However, the two a
Page 95 and 96: Cyber Resilience - Beyond Cyber Sec
Page 97 and 98: • Leveraging External Expertise:
Page 99 and 100: Cybersecurity Preparedness 2024 By
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Page 103 and 104: enabled hacker groups to increase t
Page 105 and 106: Enhancing PCI DSS Compliance: The U
Page 107 and 108: Understanding how adversaries opera
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Page 115 and 116: From the SIEM to the Lake: Bridging
Page 117 and 118: About the Author Omer Singer is the
Page 119 and 120: The Hardest Part: Marketing and Sal
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Page 123 and 124: Getting AI Right for Security: 5 Pr
Page 125 and 126: Against this backdrop, it’s criti
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Page 129 and 130: As we have seen in Russia, VPNs off
Page 131 and 132: Understanding Hyperautomation Hyper
Page 133 and 134: Learning (ML), Robotic Process Auto
Page 135 and 136: Identity Providers Are Still the Bu
Page 137 and 138: About the Author Jason Martin and I
Page 139 and 140: in terms of reputational, operation
Page 141 and 142: New Year, New Consumer Demands in C
Page 143 and 144: 2. Transparent communication: Highl
Page 145 and 146: Key Trends in Cybersecurity Evolvin
Page 147 and 148: Better and Faster Sandboxes Traditi
Page 149 and 150: Over an 18-month period, Conti accu
Page 151 and 152: • During wartime, reduce the atta
Page 153 and 154: SOC roles aren’t for the faint of
Page 155 and 156: Safeguarding Children in the Era of
Page 157 and 158: strategy. Parents should seize the
Page 159 and 160: Securing Space Infrastructure for U
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For new satellite constellations, p
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Understand Cyber Insurance: Rising
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costs for such an incident. This is
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What You Need to Know About the Cyb
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deployment and time to value. Typic
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Why Companies Are Still Investing i
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technologies (PPT) could be an AI a
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• Abundance of sensitive informat
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5. Upgrade to Newer, More Secure Sy
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they came under armed attack. Howev
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incursions have probably never been
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Keywords - Wireless peripheral devi
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nearby. The best way to prevent suc
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devices are found vulnerable, they
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CyberDefense.TV now has 200 hotseat
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Books by our Publisher: https://www
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