Article | November 3, 2020
Digital transformation has become a mission-critical strategy as organizations are adopting new ways of scaling their business, remaining agile to meet demand, and innovating for the future. Cryptographic management goes hand in hand with digital transformation, as organizations must evolve and future-proof their end-to-end cryptographic environments to ensure they are secure, compliant, and highly available to protect and secure their data, assets, and transactions.
I spoke with members of the global Futurex team — including Mark Howland, EMEA business development; Ruchin Kumar, vice president, South Asia; and Santos Campa, vice president, LAC — for their insights and perspectives on what cryptographic management challenges organizations are facing, implementation trends, and how they are future-proofing their systems.
There are common themes across industries and countries: cryptographic management is challenging, organizations are keenly interested in agility and scalability, cloud migration is happening everywhere, and the compliance checklist is ever important.
1 EMEA: Future-Proofing with Virtualization
When it comes to cryptographic management, the large financial institutions and major high-street banks have significant internal knowledge, best practices and their own ways of working and methodology. Across other organizations, we see the gamut: some are looking at new ways of doing things, such as HSM virtualization and cloud HSMs, while some are struggling with the skillset to configure and manage their existing systems. Throughout Europe, getting into data centers during the pandemic was difficult, resulting in challenges with on-premises cryptographic deployments and remote management.
There are progressive thinkers, many working at startups, who are future-proofing their systems and looking into load balancing, remote management, and virtualization. While others, who have always worked with on-premises cryptographic equipment, are slower to move to the cloud with questions around latency, regulations, and availability. Howland speculates about what’s ahead: “Cryptography-as-a-service and virtualization will be expected.”
Virtualization and the cloud enable organizations to be fluid in their services and abilities, accounting for scalability and growth without taking up rack space and being carbon neutral.
“You have to scale for your worst-case scenario. If you have virtual HSMs, you can literally spin them up and down, so you're not having to manage 20 HSMs when, for 360 days of the year, you only need five. When you then look at the costs, administrative costs, power, it makes a good business case to virtualize rather than use hardware,” states Howland.
Virtualization accounts for the ebb and flow of retailers, such as handling demand for Black Friday, Cyber Monday, and the holiday season.
2 LAC: Compliance and Cloud and Beyond
Overall, organizations are looking to be compliant, secure, scalable, and flexible. “For the financial HSM industry, it seems that, in most cases, everything is moving to the cloud,” says Campa. Moving to the cloud is financially motivating and empowers customers with an agile business case. Campa sees three cryptographic implementation trends across Latin America:
1. The need to implement cryptographic infrastructure as soon as possible.
2. The need to grow the current infrastructure. Organizations want to make sure that they are investing in an infrastructure that is scalable and used for the long term.
3. Security reliability and compliance
In Latin America, every financial customer needs to comply with PCI. In addition to PCI, there are regional compliance requirements to adhere to; for example, Mexico requires compliance with Comisión Nacional Bancaria y de Valores (CNBV) and Asociación de Bancos de Mexico (ABM). As a result, organizations prefer to invest in technologies that will be compliant with the next compliance regulations, including PCI and the next FIPS, to future-proof their cryptographic investments.
Beyond point-to-point encryption and PCI DSS support, we are seeing customers adopting tokenization, remote key loading, and contactless payments on COTS (CPoC) — and increasing features and functionality one at a time. In parallel, some customers have decided to increase the ROI of their HSM investment by using general-purpose features to comply with government and local security requirements and regulations. Futurex is hosting the Futurex Summit: Mexico City 2022, July 19-21, 2022, an opportunity for attendees to learn how to streamline their encryption infrastructures.
3 South Asia: Trends in Multi-Purpose HSM, Cloud
The cryptographic infrastructure has become an important part of the overall deployment of any project in organizations, and Kumar cites the lack of a centralized strategy as the main challenge. In India, he sees silos in most organizations, with overburdened budgets and resources. Data-centric security best practices can help organizations pass various security audits and mitigate unknown risks.
Another pain point is around compliance and mandates from regulators. As with many countries, cryptography is deeply embedded in the information technology laws of India to provide confidentiality and integrity to critical information like personal identifiable information (PII) and financial information. Adhering to these regulations is mandatory for each and every project within enterprises, banking, and government. “India is running quite ahead in HSM and key management. Organizations are well versed in the subject,” acknowledges Kumar.
Kumar sees many organizations interested in a single unified HSM platform that can handle both general purpose and payment functionalities to reduce implementation hassles. Additionally, as is common around the world, Kumar sees an interest in cloud migration and cryptography-as-a-service in South Asia. Many organizations are keen to outsource cryptographic management to a managed service provider or a cloud service provider to bring down the CAPEX cost for the customer, outsource complex cryptography operations to experts, and address regulatory compliance issues such as data localization and key localization.
As we’re seeing in the United States and around the globe post-pandemic, many organizations are looking at digital transformation strategies and future-proofing their cryptographic management investments, including cloud enablement, redundancy and agility, and hybrid deployments — all of which will help to both maintain a strong security posture while adapting and embracing new challenges and opportunities.
Article | December 15, 2021
Cybersecurity threats are growing by the day. Many businesses are unintentionally exposed to hackers and should investigate the possibilities of Security as a Service (SECaaS). While investing in a firewall, anti-virus software, physical office security, an intruder alarm, and CCTV could be insufficient. Unfortunately, in today's ever-changing digital world, this is not enough to keep today's cyber criminals at bay.
Malware, ransomware, phishing, viruses, denial of service, distributed denial of service, man-in-the-middle, and brute force attacks are all examples of cybercrime. These are just a few of the methods cybercriminals utilize to attempt to undermine your network security. One of the simplest solutions to securing your system and network is to use security as a service, or SECaas.
Why Should Businesses Deploy SECaaS?
Depending on your company's demands, your SECaaS provider can build a customized security solution that protects your data, keeps your internal systems safe, and provides you with peace of mind at an affordable price.
One of the most significant advantages of a Security-as-a-Service model is that it saves a company money. A cloud-delivered service is often provided in subscription levels with many upgrade possibilities, allowing businesses to pay for just what they need when they want it. It also eliminates the requirement for specialist skills.
Updated Security Tools
When you use SECaaS, you get access to the most up-to-date security technologies and resources. To be successful, anti-virus and other security solutions must be kept up-to-date with the most recent updates and virus definitions. These upgrades are handled for you on every server, PC, and mobile device by implementing SECaaS across your business.
Greater Agility and Better Provisioning
One of the most appealing aspects of as-a-service solutions is that your consumers can have rapid access to these products. SECaaS solutions can be scaled up or down as needed, and they are available on-demand where and when you need them. That means no more uncertainties about deployment or upgrades since everything is handled for you by your SECaaS supplier and accessible through a web-enabled dashboard.
Make Resources Available
When security provisions are maintained outside, your IT employees can concentrate on what matters most to your firm. SECaaS frees up resources, provides comprehensive visibility through management dashboards, and offers you the assurance that your IT security is being handled effectively by an outsourced security team. If you choose, you can delegate management of security procedures to your IT staff, who will handle all policy and system updates through a web interface.
As new technology emerges, the provider's databases and protection software will be constantly updated and enhanced. Moreover, it will help in continually monitoring the network for threats using our innovative AI technology to offer round-the-clock security. A fully human-powered team cannot detect every danger, but AI augments human capabilities to give better protection.
What Can SECaaS Safeguard Against?
It's essential to know what Security-as-a-Service can defend against but also WHERE it will protect you.
Your data is now everywhere; on laptops, mobile phones, tablets, local servers, edge servers, cloud services, and each platform has to be protected.
SECaaS protects local network devices, edge services, cloud services, WiFi, mobile phones, and tablets. Some of the viruses from which SECaaS protects you are:
Denial of service (DoS)
Distributed denial-of-service (DDoS)
Brute force attacks
SECaaS has become the preferred company security approach due to its advantages. SECaaS decreases hardware costs, outsources and streamlines security administration, and eliminates the need for costly security professionals.
Since many businesses are embracing cloud technology but are unsure about security, they require their service providers to handle it. SECaaS providers can solve cloud security challenges, including data breaches, DDoS assaults, and phishing.
Article | July 6, 2022
5G is the next generation of mobile networks, and its introduction marks the beginning of a new era in the world of networking and cybersecurity. The fifth generation of mobile networks is not only faster than all the previous ‘Gs’ that were launched but also offers new and exciting opportunities for businesses. It is expected to be a game-changer for the business world because of its capabilities to expand business offerings and connect to the IoT.
Let's delve into the insights about the new possibilities 5G technology brings for businesses.
New Technology: Possibilities 5G Technology Brings In for Businesses
Among the most significant benefits of 5G technology is the potential for employees to achieve more in less time, which increases revenue and reduces costs. The tremendous jump in connectivity provided by 5G will generate considerable opportunity for a wide range of industries from healthcare to retail to fintech. According to a study by IHS Markit, the global economy will be worth $13.2 trillion by 2035. This will create 22.3 million jobs in the 5G global value chain alone.
Increased IoT Capabilities
IoT devices are notoriously vulnerable due to their ease of use and connection.
In 2020, Forescout Research found 33 IoT vulnerabilities affecting four open-source TCP/IP stacks (FNET, uIP, Nut/Net, and PicoTCP). According to Forescount, these stacks power millions of devices worldwide.
The enormous development of IoT systems has been fueled by consumer devices, business network appliances, and industrial IoT (IIoT) devices. 5G will improve various IoT functionalities and provide critical upgrades to entire networks without pausing functionality, freezing operations or overloading servers.
Bridging the Skills Gap
Because of advancements in video and remote technologies, 5G will also tremendously benefit small businesses by enhancing hiring processes and assisting business owners in hiring suitable talent to contribute to their business development and help their businesses grow. 5G breaks down barriers to hiring by letting companies find, interview, narrow down, and hire the best people worldwide.
5G is expected to enhance the battery life of devices such as laptops by up to ten times. As a result, companies will see cost savings by lowering the quantity of hardware and IT infrastructure required. This represents a move away from a hardware-driven economy and into an economy that is majorly anchored on software and systems. Savings on decreased administration and other operations can permeate the organization and eventually contribute to the bottom line.
New Threats: 5G Cybersecurity Risks
Like every technology born, even 5G networks face various threats. Some are passed down from previous generations and legacy standards, while others are new threats associated with the software-defined networking technology owing to 5G. Below are some of the 5G security issues that businesses can tackle with the help of additional cybersecurity measures.
Inherited & Emerging Vulnerabilities
Compared to earlier generations of wireless networks, 5G is designed to be more secure. For backward compatibility, 5G must still be able to communicate with older standards. In the absence of a security-minded approach, this compatibility requirement assures that the flaws discovered in the outdated SS7 and Diameter protocols utilized by 2G and 4G networks can still haunt a new 5G-based network architecture.
Growing Supply Chain Concerns
As a result of government intervention in the development of telecom equipment, 5G security risks have been politicized. The use of 5G infrastructure equipment sold by Chinese vendors like ZTE and Huawei is banned in various countries, including the United Kingdom, India, and the United States. These regulations were put in place because of fears that Chinese governmental control over these 5G equipment vendors could undermine the design and data security of 5G equipment offered by these companies.
In 5G networks, traditional security checkpoints like hub-and-spoke hardware-based routers have been replaced by cloud of software-defined digital routers that can't be looked at or managed. With more routing points and devices, as well as quicker speeds that favor smash-and-grab attackers, security teams must depend on automated monitoring and create innovative methods to address the rising security vulnerabilities.
More IoT Devices
Not all manufacturers are emphasizing cybersecurity, as seen with many low-end smart devices. 5G means more effectiveness and possibilities for the Internet of Things (IoT). As the number of connected devices grows, so does the number of prospective areas of attack. Devices such as a fish tank thermometer and a smart TV are examples of devices that might weaken the network. Network breaches and hacking could become more frequent because of the absence of security standards for IoT devices.
Overcoming 5G Security Challenges
Even if the new 5G technology doesn't fundamentally impact the measures that businesses must take to secure their assets, it does reduce the margin for error and raise the stakes in the event of a failure. Many strategies for dealing with existing network security issues apply equally well to 5G security threats.
Strengthen Existing Cybersecurity Measures
As we know, most security threats to 5G technology originate from previous generations. Businesses should continue to use existing security techniques to combat such attacks. Businesses must strengthen their existing security equipment to make those strategies more effective. Also, it is essential to educate users in order to minimize human errors that can compromise data and network security.
Regular Infrastructure Audit
When it comes to data exfiltration, a bad actor's dream is a company's blind spots. You'll need to audit your company's personnel infrastructure. You should also keep an eye on 4G-related vulnerabilities that could continue to harm older devices and networks.
Deploy AI & ML for Protection
Security providers are embedding AI and machine learning (ML) into their products and services to combat more complex cyberattacks. Experts believe that AI and machine learning systems can grow with the threat matrix, learning to detect and eliminate threats before they breach critical systems and put lives and sensitive data at risk. This will greatly help secure the network and safeguard the data stored in the cloud.
IoT Management Solutions
As 5G devices become available on mobile device management software, it is essential to control them to ensure device security. To secure the devices that will use 5G technology, you must look for a device management system that can evolve with the demands of your business. Look for a system that focuses on IoT management particularly.
Tech Manufacturers Should Develop Secured Products
5G will double the number of connected devices while increasing speed and bandwidth. Unfortunately, many IoT devices are fundamentally insecure, making them obvious targets for hackers. Each insecure IoT device on a company's network offers an additional possible attack route. To prevent IoT devices from being vulnerable targets for cybercriminals, manufacturers must make them more secure. Also, the IoT Cybersecurity Act, which applies to government contractors, was passed by the US Congress. However, regulation of industry suppliers is still not good enough.
Key Elements for 5G Cybersecurity for Businesses
5G technology will be embraced despite all the challenges since it promises to provide businesses with a powerful new tool capable of driving faster, broader IoT deployments and a competitive advantage in the market. One harsh reality of the digital age is that risks will always exist. In line with the birth of every new technology, new threats are also born, and in the same manner, even solutions emerge. Businesses can overcome all challenges and eliminate all 5G security threats by implementing proper measures. 5G, IoT, AI, and ML are all part of the global tech revolution; leverage these technologies today to position yourself as a leader of tomorrow.
What is the frequency of 5G?
Verizon's millimeter wavelength (mmWave)-based 5G Ultra Wideband runs at frequencies between 28 and 39GHz. This is far higher than the frequency used by 4G networks, which ranges between 700 and 2500 MHz.
What are the fundamental technologies that makeup 5G?
OFDM (Orthogonal frequency-division multiplexing) is a way of modulating a digital signal over several channels to decrease interference. 5G employs the 5G NR air interface in conjunction with OFDM principles. 5G also makes use of higher bandwidth technologies like sub-6 GHz and mmWave.
Why does a businessperson need 5G training?
Faster connections mean more efficient business operations for your organization. Employees can anticipate that 5G will improve internal and external communications, allowing for better flexibility and time efficiency. Employees should also expect less restriction on where they can work, open doors during office hours, the ability to work from home, and a much better balance between work and life.
Article | May 18, 2022
Today, as more and more businesses are undergoing digital transformation, the risk of cybersecurity is also rising. Cyber risk has evolved as one of the significant threats for businesses over time. Businesses are struggling to safeguard themselves from a growing number of cyber threats. Because of cybercrime, businesses lost approximately $1,797,945 per minute in 2021, according to Tessian.
Machine learning (ML) and artificial intelligence (AI) tools offer huge potential to help businesses and other entities deal with a wide range of current cybersecurity challenges. AI and ML enable real-time learning and analysis of potential cyber threats. They also use algorithms to make behavioral models, which they then use to predict cyberattacks whenever new data becomes available. Let’s have a look at the reasons why ML-based cybersecurity has become more crucial than ever.
Why Has Machine Learning Become so Important in Cybersecurity?
There are several reasons why ML-based machine learning has grown to prominence. Cybersecurity systems can use AI and ML to analyze attack patterns and learn from them in order to prevent them and respond to their changing behavior. It can support cybersecurity professionals in becoming more proactive in terms of preventing risks and dealing with current attacks in real-time. In short, good data and machine learning can make cybersecurity easier, more proactive, cheaper, and much more effective.
How can Machine Learning help businesses improve their cybersecurity?
AI and machine learning are providing significant advantages to organizations that implement them in their cybersecurity programs. According to a report from the Capgemini Research Institute, 61% of businesses think AI will be needed to find critical threats, and 69% think AI will be needed to deal with cyberattacks. AI and ML can quickly analyze huge quantities of data, making it far faster than manually detecting threats.
AI and ML minimize cyber threat detection and response effort, making them cost-effective. The Capgemini report found a 12% average cost reduction.
Cyber analysts are alerted aboutattacks and categorize the kinds, which helps them determine the correct response.
As more data is analyzed and the technologies learn from past patterns, AI and machine learning improve cybersecurity over time.
AI and ML are used by many businesses to rank network threats and figure out which parts have been attacked the most.
Businesses use AI to identify malicious activity automatically.
AI and machine learning are also being used to detect suspicious user behavior.
Many businesses prevent financial fraud by predicting unusual consumer behavior utilizing machine learning.
AI and machine learning can also help businesses predict potential cyberattacks.
Companies Bolster their Cyber Security Systems through ML
If used correctly, machine learning can improve cybersecurity. Machine learning's dramatic and lasting influence is real. Integrating AI and ML to improve cybersecurity is crucial, but organizations should remember that these technologies are only as effective as the analysts who control and use them.