INSIDER THREAT BEST PRACTICES GUIDE, 2ND EDITION FEBRUARY 2018

February 21, 2018 | 244 views

Financial institutions have long been especially lucrative targets for insider attacks, but with the computerization of firm systems and assets, attacks can now be launched on a grander scale than ever before. Insider attacks on firms’ electronic systems can result in financial and intellectual property theft, damaged or destroyed assets, and firm-wide disruption to internal systems and customer operations. Preventing and detecting attacks, however, has proven to be difficult, as insiders are often able to capitalize on their familiarity with firm systems to launch attacks without attracting notice. Further, the risk of unintentional insider incidents continues to increase as firms expand the number of personnel authorized to access sensitive information to meet business needs. At its core, insider threat is just as much a human problem as it is a technology one. A systemized, targeted program is therefore necessary to combat insider threat risks. The purpose of this report is threefold: (1) to assist financial firms in developing effective insider threat programs by identifying and discussing best practices; (2) to act as a reference for regulators to better understand the insider threat at financial institutions; and (3) to help financial firms measure their insider threat program’s effectiveness.

Spotlight

Pure Hacking

Pure Hacking is a leading, highly-specialised penetration testing and information technology (IT) security consultancy. Since 2002, we’ve been setting the standard for quality outcomes for penetration testing as well as IT security. Our mandate is simple, we protect our clients data - and therefore their business. Launched in 2002, by 2006 Pure Hacking was recognised with its first international award. In 2007 was listed in BRW’s top 100 fast starters and became a PCI QSA accredited business. Fast forward to the next decade, the Sydney office doubles in size and relocates to larger premises and the Melbourne team and office expands.

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PLATFORM SECURITY

Top 5 Tactics for Improving Cloud Security Hygiene for Businesses

Article | August 12, 2022

In the past couple of years, the world has gone through a rapid digital transformation, which has led to a deeper penetration of modern technologies such as cloud computing, artificial intelligence, data analytics, and others. As a result, smart businesses are shifting their digital resources to the cloud to benefit from features such as streamlined operations, centralized data storage, increased operational flexibility, and hassle-free data transition. As per a study conducted in 2022, nearly 94% of businesses around the world are using at least one cloud service. Every enterprise possesses large volumes of sensitive data, including financial statements, business designs, employees’ identity information, and others. As organizations worldwide migrate from on-premises working to a remote working model, more data is being stored in the cloud than ever before, making cloud security one of the most crucial aspects for businesses today. 5 Proven Tips to Strengthen Cloud Security Hygiene for Businesses With the advent of cloudification and the increasing use of cloud-based applications, the prevalence of cybercrime has increased significantly. For instance, in the wake of the COVID-19 outbreak, there has been a significant spike in cybercrime, with reports of a 600% increase in malicious emails. Furthermore, a report from the United Nations says that cybercrime will cost the world economy $10.5 trillion every year by 2025. Even though cloud networks, such as Google Cloud, Microsoft Azure, and Amazon Web Services, have their own data protection measures for securing the cloud services they provide, it does not mean that businesses utilizing these services should rely solely on their security measures and not consider adopting additional measures. So what are the tactics modern businesses should adopt to improve cloud security hygiene? Let’s see: Deploy Multi-Factor Authentication (MFA) When it comes to keeping hackers out of user accounts and protecting sensitive data and applications used to run a business online, the traditional username and password combination is often not enough. Leverage MFA to prevent hackers from accessing your cloud data and ensure only authorized personnel can log in to your cloud applications and critical data in your on- or off-premise environment. MFA is one of the most affordable yet highly effective controls to strengthen your business's cloud security. Manage Your User Access It is crucial for your business to ensure adequate permissions are in place to protect sensitive data stored on cloud platforms. Not all employees need access to certain applications and documents. To improve your cloud security and prevent unauthorized access, you need to establish access rights. This not only helps prevent unauthorized employees from accidentally editing sensitive company data but also protects your company from hackers who have stolen an employee's credentials. Monitor End User Activities Real-time analysis and monitoring of end-user activity can help you detect anomalies that depart from usual usage patterns, such as logging in from a previously unknown IP address or device. Identifying these out-of-the-ordinary events can stop hackers and allow you to rectify security before they cause mayhem. Create a Comprehensive Off-boarding Process After an employee leaves your firm, they should no longer have access to any company resources, including cloud storage, systems, data, customers, or intellectual property. Unfortunately, completing this vital security duty is sometimes put off until several days or weeks after an employee has left. Since every employee is likely to have access to a variety of cloud platforms and applications, a systemized deprovisioning procedure can assist you in ensuring that all access permissions for each departing employee are revoked and prevent information leaks. Provide Regular Anti-Phishing Training to Employees Hackers can acquire access to protected information by stealing employees' login credentials using social engineering techniques such as phishing, internet spoofing, and social media spying. As a result, cybersecurity has now become a collective responsibility, making comprehensive anti-phishing training necessary to educate your employees about these threats. As unscrupulous hackers frequently come up with new phishing scams by the day, regular anti-phishing training is essential for developing formidable cloud security. Bottom Line Cloud security hygiene no longer consists solely of strong passwords and security checks. Instead, it is a series of innovative procedures that organizations use nowadays to leverage cloud networks. With more businesses moving towards the cloud and cyberattacks on the rise, it is the responsibility of your organization to remain vigilant and protect itself from cyberattacks.

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PLATFORM SECURITY

A Look at Cryptographic Use Case Trends Around the World

Article | July 12, 2022

Securing data, assets, and transactions is ever critical especially now with increased innovation, customer demand, and the need to navigate a complex regulatory landscape — not to mention staying ahead of evolving cyber threats. As a result, organizations of all sizes and in every country around the world require implementing cryptography solutions to help secure everyday business. This includes managing and securing transactions, managing encryption keys, authenticating identities, providing message integrity, and encrypting data and applications. From the largest global banks and payment processors that process thousands of transactions a second to the micro merchants that are newly accepting payments, cryptography works behind the scenes to ensure payments are secure and sensitive information is protected. Whenever and wherever cryptography is at work, organizations turn to either hardware or cloud options (or a combination of both) to ensure data and transactions are secure and compliant. Common cryptographic themes across industries and across countries: 1. Cloud adoption is happening across the board with payment processing taking the lead 2. Smaller FinTechs are innovating big time 3. Companies are continually seeking help to meet regulations, especially when it comes to data localization Since writing Cryptographic Management Trends Around the Globe, I talked again with Futurex team members from our offices around the world, including Ruchin Kumar, vice president, South Asia; Mark Howland, senior business development, EMEA; and Santos Campa, vice president, LAC, for more cryptographic insights and perspectives, including drilling down on cryptographic use cases to see what’s similar and what’s unique across regions. Let’s take a look at each region: South Asia, EMEA, and LAC. South Asia: Payment Ecosystem Thriving in South Asia Ruchin Kumar emphasized that the payment ecosystem in South Asia, particularly India, is thriving — indicating that financial services are the largest consumers of hardware security modules (HSMs) and cryptography in the entire region. HSMs play an important role in South Asia, securing the root of trust, keeping the private keys secure, managing Public Key Infrastructures (PKIs), and managing digital signing for non-repudiation and message integrity. In fact, he said, India represents almost 95% of HSM use cases in all of South Asia. Payment systems and securing payments go hand-in-hand with the standards and regulations required for payments/financial services. These include regulations set by Unique Identification of India (UIDAI), National Payments Corporation of India (NPCI), Payments Council of India (PCI), Information Technology Act of India, 2000 and its amendments 2008/2011/2016. Kumar sees organizations use general purpose HSMs for digital signing for non-repudiation and message integrity and payment HSMs used for acquiring, switching, card issuance, green PIN, and other payment application security needs (these types of HSMs are required by regulations). What’s on the horizon? From Kumar’s perspective, organizations are doing a lot of testing and evaluation for cryptography inclusion in their infrastructure and many organizations are looking into tokenization for security and agility, especially with Internet of Things (IoT), blockchain, and AI emerging. Additionally, remote key loading is becoming more sought after because every device in the field these days — ATMs, point-of-sale devices, handheld devices — requires key exchange with centralized servers. Companies in South Asia See Cryptography-as-a-Service and Local Data Centers Critical for Data Residency and Localization Over the past two years, most organizations in South Asia have adopted the cloud on a large scale, including using the cloud as a resource to host their critical applications. Security has played a big role in this cloud migration, with organizations wanting to retain ownership and control of their encryption keys. As a result, many organizations have turned to Futurex’s VirtuCrypt cloud HSM and key management service for both security and meeting regulatory compliance. Futurex’s data centers in India West and India Central help to power cryptographic automation, speed, latency, and data residency and data localization. “Local data centers provide customers a lot of assurance in terms of data residency, data localization, and key localization, which earlier was a barrier to move to the cloud. Now that Futurex’s cryptography services are hosted within Indian geography, we have seen a big difference in organizations migrating to HSM-as-a-service,” says Kumar. India is well-known as a FinTech hub for start-ups and innovation, with many unicorns emerging, according to Kumar. Progressive companies look to service-based, OpEx models for their applications as well as for cryptography. OpEx models offer flexibility, money savings, and serve as a resource for those needing help with cryptographic management. EMEA: Cloud and Payments Dominate HSM Use in Europe, Middle East, and Africa Cloud adoption is also rapidly increasing in EMEA, with many organizations looking to HSM virtualization technology, especially for payment applications. According to Mark Howland, “Customers are asking, ‘can we cut down our use of hardware, our reliance on hardware, and have the payment applications that we are heavily invested in, spun up and spun down seasonally?” Howland notes that smaller companies and VC-backed companies are more nimble and lean toward innovation by implementing such things as cryptography-as-a-service to meet PCI regulations. The early adopters are those organizations in the finance and payment industry, as consumer demand and pandemic adjustments have led to innovative payment processing including mobile payments and SoftPOS. Like South Asia, smaller companies including those in financial software and services, see the value of OpEx-based HSM cloud services, such as Futurex’s VirtuCrypt. Organizations across EMEA are deploying HSMs for POS key management, PIN management, and virtualization. What’s ahead? Howland sees that many organizations are, again, moving to a service-based model, looking at application encryption, encrypting data at rest, and the overall protection of data in all industry sectors, not just traditional high-security finance customers. LAC: Trends in Cryptography Use in Latin America and the Caribbean What’s trending in LAC? According to Santos Campa, he is seeing a mixture of both on-premises cryptographic architecture and cloud payment demands. Several banks already have a huge investment in their hardware infrastructure — their own data centers, racks, servers, etc. However, at least 35% of customers are converting from these on-premises architectures to cloud HSMs. Many are opening new branches or are creating new FinTechs inside their organizations. “We’re seeing the majority of organizations moving to the cloud, or at least moving part of their operations to the cloud,” says Campa. “It's very important for many organizations to keep control and management of the key lifecycle.” Again, much like other parts of the world, the financial sector is the big mover and shaker in terms of cryptographic implementations, using cryptography for PIN validation, key management, and tokenization. According to Campa, the cloud continues to be very important and beneficial, especially the ability to integrate cloud payment HSMs with the public cloud including AWS, Azure, and Google. As organizations are adding new models, such as transaction processing models, a must-have is a secure, compliant cryptographic solution — compliant with PCI and local and regional regulations throughout Latin America — that will allow them to scale. A nice-to-have is an OpEx option to give flexibility and cost savings. Pandemic trends have paved the way to make cryptographic management more streamlined — such as visualization and remote key management — and not needing to physically go to the data center. “Organizations are looking to a cryptographic platform that is future-proofed, one that is going to provide the best quality of service and support in the market,” says Campa. All around the globe, organizations are looking to innovate payments and embrace the cloud, keeping security, agility, and cryptography top of mind.

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PLATFORM SECURITY

Security by Sector: Improving Quality of Data and Decision-Making a Priority for Credit Industry

Article | October 12, 2022

The subject of how information security impacts different industry sectors is an intriguing one. For example, how does the finance industry fare in terms of information security compared to the health sector, or the entertainment business? Are there some sectors that face greater cyber-threats and risks than others? Do some do a better job of keeping data secure, and if so, how and why?A new study of credit management professionals has revealed that improving the quality of data and decision-making will be a top priority for the credit industry in the next three years. The research, from Equifax Ingnite in collaboration with Coleman Parkes, takes a deep dive into the views of credit management pros across retail, banking, finance and debt management/recovery sectors.

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3 Trends in Data Privacy Breach Laws That Will Carry Over to 2020

Article | February 12, 2020

During 2019, new privacy laws were introduced, and many current laws evolved in the United States and across the global landscape. With the General Data Protection Regulation (GDPR) in full effect, we saw expensive fines levied upon companies that fell victim to data privacy breaches. As we move into a new year, probably the biggest takeaway from 2019 is that being proactive and having a data privacy strategy in place is important to help mitigate the risk of a data privacy breach. The regulatory landscape continues to evolve as states and countries actively pass new expanded requirements for privacy and cybersecurity regulations. While laws in the U.S., like the California Consumer Privacy Act (CCPA), are getting significant attention, many other states and countries are actively amending their breach notification laws to include tighter restrictions.

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Spotlight

Pure Hacking

Pure Hacking is a leading, highly-specialised penetration testing and information technology (IT) security consultancy. Since 2002, we’ve been setting the standard for quality outcomes for penetration testing as well as IT security. Our mandate is simple, we protect our clients data - and therefore their business. Launched in 2002, by 2006 Pure Hacking was recognised with its first international award. In 2007 was listed in BRW’s top 100 fast starters and became a PCI QSA accredited business. Fast forward to the next decade, the Sydney office doubles in size and relocates to larger premises and the Melbourne team and office expands.

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DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY

Keeper Security Announces StateRAMP Authorization

Keeper Security | December 08, 2022

Keeper Security, the leading provider of zero-trust and zero-knowledge cybersecurity software protecting passwords, secrets and connections, today announced that the company has obtained StateRAMP Authorization at the Moderate Impact Level for its Keeper Security Government Cloud (KSGC). The nationwide StateRAMP cybersecurity verification program promotes the adoption of secure cloud services across state and local governments by providing a standardized approach to security and risk assessment for cloud technologies. StateRAMP Authorization differentiates KSGC from its competitors as the best in class zero-trust and zero-knowledge security solution for state and local governments, as well as higher-educational institutions, to protect their passwords, data, and secrets. StateRAMP Authorization enables these governments and organizations to accelerate the adoption of cloud computing by creating transparent standards and processes for security authorizations. It allows them to leverage Keeper's password management and cybersecurity platform on an institution-wide scale with confidence that the solution meets strict standardized security requirements. KSGC is hosted in AWS GovCloud (US), designed to host sensitive data, regulated workloads, and address the most stringent security and compliance requirements. Keeper's StateRAMP Authorization comes on the heels of KSGC achieving FedRAMP Authorization at the Moderate Impact Level in August 2022. While StateRAMP Authorization typically takes two years to complete, KSGC's existing FedRAMP Authorization accelerated the certification. To receive FedRAMP Authorization, organizations must implement controls from 17 different control families that originate from National Institute of Standards and Technology Special Publication 800-53. Now, KSGC is the first and only FedRAMP and StateRAMP Authorized password management platform in the industry. "We are proud to bring Keeper's password management and cybersecurity platform to StateRAMP Authorized status, and thrilled to be the first FedRAMP and StateRAMP Authorized password management platform. "KSGC's StateRAMP Authorization underscores our dedication to the highest standards of internal security controls and encryption. Keeper is eager to help state and local governments and higher-educational institutions protect their digital assets from ransomware, data breaches and other password-related cyberattacks." Darren Guccione, CEO and Co-Founder of Keeper Security Keeper provides government agencies with a human-centric cybersecurity solution that promotes adoption of password best practices, like the use of MFA, by employees and contractors. Keeper also promotes secure collaboration with encrypted record sharing that allows system administrators to regulate privileged access to files, as well as masking credentials. Keeper's zero-knowledge system architecture provides the highest levels of security and privacy. Encryption and decryption of data always occurs locally on the user's device, and only the encrypted ciphertext is stored in KSGC. KSGC's FedRAMP and StateRAMP Authorizations follow a White House Executive Order mandating zero-trust architecture and strong encryption, along with a draft memorandum by the Office of Management and Budget and the Cybersecurity and Infrastructure Security Agency mandating all federal agencies adopt a zero-trust security architecture by 2024. The memorandum specifically calls out password security requirements that KSGC facilitates, including strong password policies, the removal of a deprecated requirement to require special characters and regular password rotation, and the ability to compare user passwords against weak and breached data. About Keeper Security Keeper Security is transforming the way organizations of all sizes secure their passwords, secrets and confidential information. Keeper's easy-to-use cybersecurity platform is built on a foundation of zero-trust and zero-knowledge security to protect every user on every device, while meeting the most stringent government security and compliance requirements. Keeper is SOC 2 and ISO 27001 certified, FIPS 140-2 validated, FedRAMP and StateRAMP Authorized. Trusted by federal agencies including the Departments of Justice and Energy, Keeper is the leader for best-in-class password management, secrets management, privileged access, secure remote access and encrypted messaging.

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DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY

Cymulate Integrates with the Trend Micro Vision One XDR Platform

Cymulate | December 07, 2022

Cymulate, the market leader in Threat Exposure Assessment and Cybersecurity Controls Validation, today announced a new technology integration with Trend Micro, a global cybersecurity leader, which reduces risk related to cyber threats. In addition to joining the Trend Micro Vision One ecosystem partner program, the company has completed the technology integration of its cybersecurity risk validation and exposure management solution with the Trend Micro Vision One XDR platform. The collaboration will correlate simulated attacks with ongoing events and alerts, enhancing the security control environment and management against malicious behavior and real and simulated malware. Today's malicious actors are becoming increasingly sophisticated in their execution of attacks. As a result, organizations must have measures in place to protect their network and ensure they are constantly monitoring their environment for new threats. Together, the integrated Cymulate and Trend Micro Vision One XDR solution provides comprehensive protection against cyber threats and strengthens an organization's security posture with the following benefits: Automated and continuous security validation across the entire attack kill-chain Ongoing simulation that operationalizes the MITRE ATT&CK framework Creating auto remediation playbooks to new threats and attack vectors Configuration of Trend Micro's XDR policies to Cymulate's actionable remediation guidance "Cyberattacks are not showing any signs of slowing down and need a united front from security providers to combat them. "We are delighted to be partnering with Trend Micro so that businesses can better understand any weaknesses in their security posture and optimize their existing security infrastructure to better protect their organizations." Carolyn Crandall, chief security advocate at Cymulate "Security validation is an essential step for organizations to take towards cyber resilience," said Jon Clay, vice president of threat intelligence at Trend Micro. "Integrating our solutions with Cymulate is an exciting milestone for us. This new offering will significantly strengthen the risk assessment capability and provide enhanced seamless protection for mission-critical environments through ongoing simulated attacks deployed alongside events and alerts coming from Trend Micro." Cymulate's platform is recognized for its ability to continuously test a business's security posture against immediate threats and to validate whether security controls are functioning properly to stop in-network activities tied to execution methods, OS manipulation, data manipulation, lateral movement, data exfiltration, and other actions that inform on how bad the incursion or breach might be. The breadth and depth of this platform have earned it recognition as the gold standard for continuous threat exposure management (CTEM) programs, an emerging security program that was coined by Gartner, Inc. About Cymulate Cymulate's continuous risk validation and exposure management platform provides security professionals with the ability to continuously challenge, validate and optimize their on-premises and cloud cyber-security posture with visualization end-to-end across the MITRE ATT&CK® framework. The platform provides automated, expert and threat intelligence led risk assessments that are simple to deploy and use for organizations of all cybersecurity maturity levels. It also provides an open framework to create and automate red and purple teaming by generating penetration scenarios and advanced attack campaigns tailored to their unique environments and security policies. About Trend Micro Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro's cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world.

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DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY

Zapata Computing Earns Two New Patents for Post-Quantum Cybersecurity Threat Intelligence

Zapata Computing | December 06, 2022

Zapata Computing, the leading enterprise quantum software company, today announced that the company has earned two new patents for post-quantum cybersecurity techniques. The new patents are for its Variational Quantum Factoring (VQF) and Quantum-Assisted Defense Against Adversarial AI (QDAI) algorithms. With the addition of these patents, Zapata now owns one of the world’s largest quantum computing software patent portfolios. The company’s growing portfolio includes a diverse range of proprietary quantum algorithms, machine learning, optimization and hardware methods. VQF and QDAI In the Age of Post-Quantum Cybersecurity Threat Intelligence As the narrative regarding post-quantum cybersecurity continues to gain momentum across the security, intelligence and technology landscapes, VQF and QDAI underpin Zapata’s post-quantum cybersecurity threat intelligence solutions for its customers. VQF is a heuristic algorithm for cryptanalysis that can run on near-term quantum devices, quantum-inspired data structures, and other special purpose classical hardware. The hybrid quantum-classical algorithm was developed by Zapata’s technical experts and is a technique that demonstrates that an adversary can already start attempting to compromise existing encryption schemes using heuristic algorithms. A heuristic algorithm is designed to solve a problem faster than traditional methods by sacrificing accuracy or completeness for speed. This means that VQF is effective at identifying specific instances of the encryption vulnerability – helping enterprises shore up defenses in advance of an attack. “VQF introduces a new category of decryption possibilities that could arrive a lot sooner than the market expects. “We don’t need to wait for a fully fault-tolerant computer that can run Shor’s algorithm to see the threat. It’s not a sudden ‘one-day’ jump. VQF demonstrates that an adversary can try to compromise existing encryption schemes using heuristic algorithms that don’t have a mathematically provable guarantee they will compromise all instances. Using Shor’s algorithm, factoring a 2048-bit RSA number requires a quantum computer with millions of physical qubits running for hours. We estimate that VQF can factor a 2048-bit RSA number with approximately several thousand NISQ qubits in around the same amount of time.” Yudong Cao, CTO and co-founder of Zapata Computing QDAI is the first hybrid quantum-classical algorithm for defense against adversarial attacks. Machine learning (ML) classification models are prone to adversarial attacks. These attacks add a very small -- but carefully chosen -- variance to data that confuses the classifier, rendering results to be incorrect. Quantum computers provide a new method of attack against ML models that possess a uniquely quantum noise meant to confuse the model. QDAI trains ML models to be immune to these types of adversarial AI attacks. “Quantum computers have a high potential to exploit potential vulnerabilities of neural networks,” added Cao. “As threats accumulate and adversarial AI models get stronger, we must leverage the power of quantum and classical resources to successfully defend against these attacks. That’s exactly the reason we developed QDAI. As quantum computers grow, we may be able to switch to a fully quantum classifier, but in the meantime, there is potential for significant gains with the quantum-classical hybrid approach like QDAI.” “Zapata is consistently pushing the innovation envelope, developing new proprietary methods and technology that can benefit our customers and the ecosystem,” said Christopher Savoie, CEO of Zapata Computing. “These patents represent a growing focus and concern regarding the threat that quantum computers present to national security and global enterprises. We developed VQF and QDAI as proactive threat intelligence techniques in order to develop countermeasures so our enterprise and government customers can assess their systems and make them more robust against an attack. We anticipate that more vulnerabilities will emerge as quantum and AI technology mature, and we’ll continue to research and identify new threats down the road to try to stay a step ahead.” About Zapata Computing Zapata Computing, Inc. is a leading enterprise quantum software company. The Company’s Orquestra® platform supports the research, development, and deployment of quantum-ready applications® for enterprises’ most computationally complex problems. Zapata has pioneered new methods in ML, optimization, and simulation to maximize value from near-term quantum devices, and works closely with ecosystem hardware providers such as Amazon, D-Wave, Google, NVIDIA, Quantinuum, IBM, IonQ and Rigetti. Zapata was founded in 2017 and is headquartered in Boston, Massachusetts.

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DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY

Keeper Security Announces StateRAMP Authorization

Keeper Security | December 08, 2022

Keeper Security, the leading provider of zero-trust and zero-knowledge cybersecurity software protecting passwords, secrets and connections, today announced that the company has obtained StateRAMP Authorization at the Moderate Impact Level for its Keeper Security Government Cloud (KSGC). The nationwide StateRAMP cybersecurity verification program promotes the adoption of secure cloud services across state and local governments by providing a standardized approach to security and risk assessment for cloud technologies. StateRAMP Authorization differentiates KSGC from its competitors as the best in class zero-trust and zero-knowledge security solution for state and local governments, as well as higher-educational institutions, to protect their passwords, data, and secrets. StateRAMP Authorization enables these governments and organizations to accelerate the adoption of cloud computing by creating transparent standards and processes for security authorizations. It allows them to leverage Keeper's password management and cybersecurity platform on an institution-wide scale with confidence that the solution meets strict standardized security requirements. KSGC is hosted in AWS GovCloud (US), designed to host sensitive data, regulated workloads, and address the most stringent security and compliance requirements. Keeper's StateRAMP Authorization comes on the heels of KSGC achieving FedRAMP Authorization at the Moderate Impact Level in August 2022. While StateRAMP Authorization typically takes two years to complete, KSGC's existing FedRAMP Authorization accelerated the certification. To receive FedRAMP Authorization, organizations must implement controls from 17 different control families that originate from National Institute of Standards and Technology Special Publication 800-53. Now, KSGC is the first and only FedRAMP and StateRAMP Authorized password management platform in the industry. "We are proud to bring Keeper's password management and cybersecurity platform to StateRAMP Authorized status, and thrilled to be the first FedRAMP and StateRAMP Authorized password management platform. "KSGC's StateRAMP Authorization underscores our dedication to the highest standards of internal security controls and encryption. Keeper is eager to help state and local governments and higher-educational institutions protect their digital assets from ransomware, data breaches and other password-related cyberattacks." Darren Guccione, CEO and Co-Founder of Keeper Security Keeper provides government agencies with a human-centric cybersecurity solution that promotes adoption of password best practices, like the use of MFA, by employees and contractors. Keeper also promotes secure collaboration with encrypted record sharing that allows system administrators to regulate privileged access to files, as well as masking credentials. Keeper's zero-knowledge system architecture provides the highest levels of security and privacy. Encryption and decryption of data always occurs locally on the user's device, and only the encrypted ciphertext is stored in KSGC. KSGC's FedRAMP and StateRAMP Authorizations follow a White House Executive Order mandating zero-trust architecture and strong encryption, along with a draft memorandum by the Office of Management and Budget and the Cybersecurity and Infrastructure Security Agency mandating all federal agencies adopt a zero-trust security architecture by 2024. The memorandum specifically calls out password security requirements that KSGC facilitates, including strong password policies, the removal of a deprecated requirement to require special characters and regular password rotation, and the ability to compare user passwords against weak and breached data. About Keeper Security Keeper Security is transforming the way organizations of all sizes secure their passwords, secrets and confidential information. Keeper's easy-to-use cybersecurity platform is built on a foundation of zero-trust and zero-knowledge security to protect every user on every device, while meeting the most stringent government security and compliance requirements. Keeper is SOC 2 and ISO 27001 certified, FIPS 140-2 validated, FedRAMP and StateRAMP Authorized. Trusted by federal agencies including the Departments of Justice and Energy, Keeper is the leader for best-in-class password management, secrets management, privileged access, secure remote access and encrypted messaging.

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DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY

Cymulate Integrates with the Trend Micro Vision One XDR Platform

Cymulate | December 07, 2022

Cymulate, the market leader in Threat Exposure Assessment and Cybersecurity Controls Validation, today announced a new technology integration with Trend Micro, a global cybersecurity leader, which reduces risk related to cyber threats. In addition to joining the Trend Micro Vision One ecosystem partner program, the company has completed the technology integration of its cybersecurity risk validation and exposure management solution with the Trend Micro Vision One XDR platform. The collaboration will correlate simulated attacks with ongoing events and alerts, enhancing the security control environment and management against malicious behavior and real and simulated malware. Today's malicious actors are becoming increasingly sophisticated in their execution of attacks. As a result, organizations must have measures in place to protect their network and ensure they are constantly monitoring their environment for new threats. Together, the integrated Cymulate and Trend Micro Vision One XDR solution provides comprehensive protection against cyber threats and strengthens an organization's security posture with the following benefits: Automated and continuous security validation across the entire attack kill-chain Ongoing simulation that operationalizes the MITRE ATT&CK framework Creating auto remediation playbooks to new threats and attack vectors Configuration of Trend Micro's XDR policies to Cymulate's actionable remediation guidance "Cyberattacks are not showing any signs of slowing down and need a united front from security providers to combat them. "We are delighted to be partnering with Trend Micro so that businesses can better understand any weaknesses in their security posture and optimize their existing security infrastructure to better protect their organizations." Carolyn Crandall, chief security advocate at Cymulate "Security validation is an essential step for organizations to take towards cyber resilience," said Jon Clay, vice president of threat intelligence at Trend Micro. "Integrating our solutions with Cymulate is an exciting milestone for us. This new offering will significantly strengthen the risk assessment capability and provide enhanced seamless protection for mission-critical environments through ongoing simulated attacks deployed alongside events and alerts coming from Trend Micro." Cymulate's platform is recognized for its ability to continuously test a business's security posture against immediate threats and to validate whether security controls are functioning properly to stop in-network activities tied to execution methods, OS manipulation, data manipulation, lateral movement, data exfiltration, and other actions that inform on how bad the incursion or breach might be. The breadth and depth of this platform have earned it recognition as the gold standard for continuous threat exposure management (CTEM) programs, an emerging security program that was coined by Gartner, Inc. About Cymulate Cymulate's continuous risk validation and exposure management platform provides security professionals with the ability to continuously challenge, validate and optimize their on-premises and cloud cyber-security posture with visualization end-to-end across the MITRE ATT&CK® framework. The platform provides automated, expert and threat intelligence led risk assessments that are simple to deploy and use for organizations of all cybersecurity maturity levels. It also provides an open framework to create and automate red and purple teaming by generating penetration scenarios and advanced attack campaigns tailored to their unique environments and security policies. About Trend Micro Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro's cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world.

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DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY

Zapata Computing Earns Two New Patents for Post-Quantum Cybersecurity Threat Intelligence

Zapata Computing | December 06, 2022

Zapata Computing, the leading enterprise quantum software company, today announced that the company has earned two new patents for post-quantum cybersecurity techniques. The new patents are for its Variational Quantum Factoring (VQF) and Quantum-Assisted Defense Against Adversarial AI (QDAI) algorithms. With the addition of these patents, Zapata now owns one of the world’s largest quantum computing software patent portfolios. The company’s growing portfolio includes a diverse range of proprietary quantum algorithms, machine learning, optimization and hardware methods. VQF and QDAI In the Age of Post-Quantum Cybersecurity Threat Intelligence As the narrative regarding post-quantum cybersecurity continues to gain momentum across the security, intelligence and technology landscapes, VQF and QDAI underpin Zapata’s post-quantum cybersecurity threat intelligence solutions for its customers. VQF is a heuristic algorithm for cryptanalysis that can run on near-term quantum devices, quantum-inspired data structures, and other special purpose classical hardware. The hybrid quantum-classical algorithm was developed by Zapata’s technical experts and is a technique that demonstrates that an adversary can already start attempting to compromise existing encryption schemes using heuristic algorithms. A heuristic algorithm is designed to solve a problem faster than traditional methods by sacrificing accuracy or completeness for speed. This means that VQF is effective at identifying specific instances of the encryption vulnerability – helping enterprises shore up defenses in advance of an attack. “VQF introduces a new category of decryption possibilities that could arrive a lot sooner than the market expects. “We don’t need to wait for a fully fault-tolerant computer that can run Shor’s algorithm to see the threat. It’s not a sudden ‘one-day’ jump. VQF demonstrates that an adversary can try to compromise existing encryption schemes using heuristic algorithms that don’t have a mathematically provable guarantee they will compromise all instances. Using Shor’s algorithm, factoring a 2048-bit RSA number requires a quantum computer with millions of physical qubits running for hours. We estimate that VQF can factor a 2048-bit RSA number with approximately several thousand NISQ qubits in around the same amount of time.” Yudong Cao, CTO and co-founder of Zapata Computing QDAI is the first hybrid quantum-classical algorithm for defense against adversarial attacks. Machine learning (ML) classification models are prone to adversarial attacks. These attacks add a very small -- but carefully chosen -- variance to data that confuses the classifier, rendering results to be incorrect. Quantum computers provide a new method of attack against ML models that possess a uniquely quantum noise meant to confuse the model. QDAI trains ML models to be immune to these types of adversarial AI attacks. “Quantum computers have a high potential to exploit potential vulnerabilities of neural networks,” added Cao. “As threats accumulate and adversarial AI models get stronger, we must leverage the power of quantum and classical resources to successfully defend against these attacks. That’s exactly the reason we developed QDAI. As quantum computers grow, we may be able to switch to a fully quantum classifier, but in the meantime, there is potential for significant gains with the quantum-classical hybrid approach like QDAI.” “Zapata is consistently pushing the innovation envelope, developing new proprietary methods and technology that can benefit our customers and the ecosystem,” said Christopher Savoie, CEO of Zapata Computing. “These patents represent a growing focus and concern regarding the threat that quantum computers present to national security and global enterprises. We developed VQF and QDAI as proactive threat intelligence techniques in order to develop countermeasures so our enterprise and government customers can assess their systems and make them more robust against an attack. We anticipate that more vulnerabilities will emerge as quantum and AI technology mature, and we’ll continue to research and identify new threats down the road to try to stay a step ahead.” About Zapata Computing Zapata Computing, Inc. is a leading enterprise quantum software company. The Company’s Orquestra® platform supports the research, development, and deployment of quantum-ready applications® for enterprises’ most computationally complex problems. Zapata has pioneered new methods in ML, optimization, and simulation to maximize value from near-term quantum devices, and works closely with ecosystem hardware providers such as Amazon, D-Wave, Google, NVIDIA, Quantinuum, IBM, IonQ and Rigetti. Zapata was founded in 2017 and is headquartered in Boston, Massachusetts.

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