World Informatix Cyber Security Risk Report

🛡️ Financial & Liquidity

World Informatix Cyber Security has faced significant financial risks in connection to global cyber fraud incidents, particularly focusing on the security of financial systems like SWIFT. Critical events underscore the vulnerabilities within these systems and have raised alarms over potential systemic financial fraud threats.

• Bangladesh's central bank experienced a monumental cyber theft that was reported by Bloomberg 🗓 2016-03-14.
• SWIFT faced repeated warnings related to cyber fraud cases, as noted by Reuters 🗓 2016-04-25.
• The Punjab National Bank $1.8 billion fraud incident made headlines on Investopedia 🗓 2018-02-20, challenging SWIFT's security.
• The Daily Star recounted a major hacking attempt by North Korean hackers targeting the Bangladesh Bank 🗓 2021-06-21.

⚖️ Legal & Regulatory

The security lapses and financial breaches related to SWIFT have surfaced legal and regulatory compliance risks for World Informatix Cyber Security. These events have prompted regulatory scrutiny, reflecting challenges in adhering to legal standards within financial systems.

• In response to the Bangladesh hack, Yahoo reported that SWIFT was advising banks on security as details emerged 🗓 2016-03-20.
• A follow-up report by Gulf Times highlighted that Bangladesh Bank remained compromised months after the heist 🗓 2016-05-13.

📜 Innovation & R&D

While directly linked to cyber security issues, the company has leaned on working in cutting-edge sectors to mitigate risks. World Informatix Cyber Security's specialties demonstrate a continued focus on enhancing security measures and pioneering solutions in cyber threat mitigation.

• The company's focus includes critical areas like cloud server cyber security and vulnerability testing, hinting at ongoing investments in innovation since its inception in 2012.