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

MICHAEL HILL | February 17, 2020 | 189 views

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.

Spotlight

Wheel Systems Inc.

Wheel Systems is a leading vendor of innovative IT security solutions. It specializes in privileged access management, SSL/TLS protocol decryption solution, user authentication and authorization. The Company’s products combine innovation, simplicity of use together with powerful security mechanisms. This is the main goal our employees put first when designing new solutions.

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PLATFORM SECURITY

Top 5 Tactics for Improving Cloud Security Hygiene for Businesses

Article | July 29, 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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SOFTWARE SECURITY

The British government thinks process sensor cyber issues are real – what about everyone else

Article | July 8, 2022

When Joe refers to analogue devices, he is generally referring to ISA99 / IEC 62443 Level 0 devices, i.e. the sensors and actuators required in any cyber physical system. The vulnerability of these devices is often ignored as the security measures required to protect them are not purely technical but also involve physical and personnel security aspects along with process security (both of the metrology and processing by the device, as well as configuration management and control issues over the lifecycle of analogue devices). The security situation is not helped by the simplistic application of the triad of security goals (confidentiality, integrity and availability) to cyber physical systems.

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ENTERPRISE SECURITY

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

Article | July 20, 2022

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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Ryuk: Defending Against This Increasingly Busy Ransomware Family

Article | February 12, 2020

On December 16, 2019, the U.S. Coast Guard disclosed a security incident at a facility regulated by the Maritime Transportation Security Act (MTSA). Forensic analysis suggests that the incident might have begun when an employee clicked on a link embedded in a phishing email.This action enabled a threat actor to set Ryuk ransomware loose on the facility’s network. Ultimately, the infection spread to all IT network files, leading Ryuk to disrupt the corporate IT network and prevent critical process control monitoring systems from functioning properly. Phishing is one of the primary infection vectors for most ransomware families, but there’s an interesting twist with this particular family. As noted by Malwarebytes, a typical Ryuk attack begins when a user opens a weaponized Microsoft Office document attached to a phishing email. Opening the document causes a malicious macro to execute a PowerShell command that attempts to download the banking trojan Emotet. This has the ability to download additional malware onto an infected machine that retrieves and executes Trickbot.

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Spotlight

Wheel Systems Inc.

Wheel Systems is a leading vendor of innovative IT security solutions. It specializes in privileged access management, SSL/TLS protocol decryption solution, user authentication and authorization. The Company’s products combine innovation, simplicity of use together with powerful security mechanisms. This is the main goal our employees put first when designing new solutions.

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DATA SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY

Lookout Announces Industry’s Only Endpoint to Cloud Security Platform

Lookout | January 31, 2023

Lookout, Inc., a business specializing in endpoint-to-cloud security, has announced enhanced capabilities and feature updates to its award-winning Lookout Cloud Security Platform, the only endpoint-to-cloud security solution available on the market. In addition to cloud, internet, and private applications, the cloud-native platform now includes a single policy architecture for administration and enforcement across all mobile devices. A single agent and a single control plane for mobile and cloud security services are also new platform upgrades, providing IT and security professionals with a cost-effective, streamlined administration experience. In addition, the Lookout Cloud Security Platform combines security service edge (SSE) with endpoint security to secure users and data regardless of location. It constantly monitors the risk posture of devices and users to provide dynamic and granular zero-trust access based on the sensitivity level of applications and data. As a result, it enables organizations to protect their workers, devices, applications, and data from unauthorized access and modern internet-based threats. In addition, the extended platform enables clients to make more educated choices about cloud security services using threat data from mobile endpoints. Lookout CEO, Jim Dolce, said, "Digital transformation and the significant adoption of the cloud have accelerated remote work and the use of mobile and unmanaged devices, which in turn exposes organizations to new security gaps that are ripe for exploitation from bad actors." He added, "Lookout's mission is to secure and empower the digital future where mobility and cloud are essential to all that we do for work and play; our endpoint to cloud security platform ensures that your data is protected – regardless of device, user or location." (Source – PR Newswire) The Award-Winning Lookout Platform The Lookout Cloud Security Platform integrates security services based on the company's unique technologies: Lookout Secure Private Access Lookout Secure Cloud Access Lookout Mobile Endpoint Security Lookout Secure Internet Access About Lookout, Inc. Lookout, Inc. is a cybersecurity firm that merges endpoint security with SASE technology to protect data while maintaining user privacy. Its single, cloud-native security platform protects data across devices, applications, networks, and clouds—a solution as fluid and adaptable as the current digital environment. Giving companies and people more control over their data empowers them to maximize its value and flourish. Lookout is trusted by organizations of all sizes, government agencies, and millions of individuals to safeguard sensitive data, allowing them to live, work, and connect freely and securely.

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DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY

Varonis Introduces Automated Posture Management to Fix Cloud Security Risks

Varonis | January 27, 2023

On January 26, 2023, Varonis Systems, Inc., a leader in data security and analytics, announced the availability of automated posture management to assist clients in resolving security and compliance gaps spanning their SaaS and IaaS systems. Varonis continuously scans, identifies, and ranks cloud security threats, providing CISOs and compliance officers with real-time insight into their data security posture. With this new automation option, users can fix misconfigurations in applications such as Salesforce and AWS with a single click from a unified interface. According to Gartner, through 2025, 99% of cloud security breaches will be the customer's fault. CIOs can counter this by adopting and enforcing rules for cloud ownership, accountability, and risk acceptance. Varonis Field CTO, Brian Vecci, said, “Automated posture management takes the burden of understanding and remediating cloud misconfigurations off the customer.” He also said, “We stay on top of the latest configuration risks and best practices, so you don’t have to. Now, we can not only show you exactly how to improve your security posture, but we can also automatically mitigate risk on your behalf.” (Source – GlobeNewswire) This release marks a significant advancement in cloud data security. Passive data security posture management (DSPM) solutions need manual operations to generate help desk tickets for a person to review and fix in every cloud application manually. Varonis offers a uniform and automated method for minimizing the attack surface of multi-cloud environments. Automated posture management is the most recent tool introduced by Varonis to simplify data security outcomes. Varonis introduced least privilege automation for Google Drive, Microsoft 365, and Box, as well as a new data security posture management (DSPM) dashboard early this month. About Varonis Varonis is a leader in data security and analytics, waging war differently from typical cybersecurity corporations. Instead, Varonis focuses on protecting business data like: Sensitive files and emails Strategic and product plans Financial records Confidential customer, patient, and employee data In addition to data protection, Zero Trust, data governance, compliance, categorization, data privacy, and threat detection and response, Varonis solutions handle various other critical use cases. The company began operations in 2005 and has clients in the financial services, healthcare, industrial, energy and utilities, insurance, technology, media and entertainment, consumer and retail, and education industries, among others.

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ENTERPRISE SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY

Nozomi Networks Introduces the Industry’s First OT and IoT Endpoint Security Sensor

Nozomi Networks | January 25, 2023

On January 24, 2023, Nozomi Networks Inc., one of the leaders in OT and IoT security, announced Nozomi ArcTM, the industry's first IoT and OT endpoint security sensor, intended to accelerate time to full operational resilience exponentially. Nozomi Arc is designed to automatically deploy across a large number of locations and devices anywhere a company needs visibility, and it provides vital data and insights about essential assets and network endpoints. This data is utilized to better analyze and prevent attacks, as well as correlate user behavior, without straining existing resources or interrupting mission-critical networks. Arc is a game-changer in terms of comprehensive asset visibility, deployment speed, and network coverage across complex and remote OT and IT networks. Nozomi Arc is designed to: Be deployed remotely Analyze endpoint vulnerabilities Accelerate monitoring deployments in mission-critical systems; and Identify compromised hosts Nozomi Networks Co-founder and CPO, Andrea Carcano, said, "Operational resiliency is the top business priority for critical infrastructure organizations, which can only be achieved by lowering cyber risks and increasing security." He added, "Nozomi Arc accelerates time to resiliency by transforming every computer on the network into an OT security sensor. It quickly extends visibility to attack surfaces and threats inside endpoint hosts and their local networks. With Nozomi Arc, users can quickly corollate more information from more sources for better diagnostics and faster time to response." (Source – GlobeNewswire) With Nozomi Arc, users get the following advantages: Faster time to resiliency: Nozomi Arc removes time, resource, geographic, and internal policy limits from network-based deployments. Lower cyber risk and increased security: The only OT solution in the market that can identify malicious hardware. Extended visibility and context: In addition to illuminating additional assets, devices, and possible vulnerabilities, Arc detects process irregularities and questionable user behavior. Lower operational overhead: Because Arc can be remotely deployed through a software download, Nozomi Arc does not need extensive network adjustments to be implemented anywhere in the world, even in the most remote locations. About Nozomi Networks Nozomi Networks, with headquarters in San Francisco, California, accelerates digital transformation by defending the world's critical infrastructure, industrial enterprises, and government enterprises from cyber-attacks. Its technology provides OT and IoT environments with superior network and asset monitoring, threat detection, and analytics. As a result, customers rely on the company's solution to reduce risk and complexity while increasing operational resiliency. In addition, the organization provides zero-trust security by delivering contextual data for policy decisions, such as endpoint posture checks, baseline monitoring, and device role data.

Read More

DATA SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY

Lookout Announces Industry’s Only Endpoint to Cloud Security Platform

Lookout | January 31, 2023

Lookout, Inc., a business specializing in endpoint-to-cloud security, has announced enhanced capabilities and feature updates to its award-winning Lookout Cloud Security Platform, the only endpoint-to-cloud security solution available on the market. In addition to cloud, internet, and private applications, the cloud-native platform now includes a single policy architecture for administration and enforcement across all mobile devices. A single agent and a single control plane for mobile and cloud security services are also new platform upgrades, providing IT and security professionals with a cost-effective, streamlined administration experience. In addition, the Lookout Cloud Security Platform combines security service edge (SSE) with endpoint security to secure users and data regardless of location. It constantly monitors the risk posture of devices and users to provide dynamic and granular zero-trust access based on the sensitivity level of applications and data. As a result, it enables organizations to protect their workers, devices, applications, and data from unauthorized access and modern internet-based threats. In addition, the extended platform enables clients to make more educated choices about cloud security services using threat data from mobile endpoints. Lookout CEO, Jim Dolce, said, "Digital transformation and the significant adoption of the cloud have accelerated remote work and the use of mobile and unmanaged devices, which in turn exposes organizations to new security gaps that are ripe for exploitation from bad actors." He added, "Lookout's mission is to secure and empower the digital future where mobility and cloud are essential to all that we do for work and play; our endpoint to cloud security platform ensures that your data is protected – regardless of device, user or location." (Source – PR Newswire) The Award-Winning Lookout Platform The Lookout Cloud Security Platform integrates security services based on the company's unique technologies: Lookout Secure Private Access Lookout Secure Cloud Access Lookout Mobile Endpoint Security Lookout Secure Internet Access About Lookout, Inc. Lookout, Inc. is a cybersecurity firm that merges endpoint security with SASE technology to protect data while maintaining user privacy. Its single, cloud-native security platform protects data across devices, applications, networks, and clouds—a solution as fluid and adaptable as the current digital environment. Giving companies and people more control over their data empowers them to maximize its value and flourish. Lookout is trusted by organizations of all sizes, government agencies, and millions of individuals to safeguard sensitive data, allowing them to live, work, and connect freely and securely.

Read More

DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY

Varonis Introduces Automated Posture Management to Fix Cloud Security Risks

Varonis | January 27, 2023

On January 26, 2023, Varonis Systems, Inc., a leader in data security and analytics, announced the availability of automated posture management to assist clients in resolving security and compliance gaps spanning their SaaS and IaaS systems. Varonis continuously scans, identifies, and ranks cloud security threats, providing CISOs and compliance officers with real-time insight into their data security posture. With this new automation option, users can fix misconfigurations in applications such as Salesforce and AWS with a single click from a unified interface. According to Gartner, through 2025, 99% of cloud security breaches will be the customer's fault. CIOs can counter this by adopting and enforcing rules for cloud ownership, accountability, and risk acceptance. Varonis Field CTO, Brian Vecci, said, “Automated posture management takes the burden of understanding and remediating cloud misconfigurations off the customer.” He also said, “We stay on top of the latest configuration risks and best practices, so you don’t have to. Now, we can not only show you exactly how to improve your security posture, but we can also automatically mitigate risk on your behalf.” (Source – GlobeNewswire) This release marks a significant advancement in cloud data security. Passive data security posture management (DSPM) solutions need manual operations to generate help desk tickets for a person to review and fix in every cloud application manually. Varonis offers a uniform and automated method for minimizing the attack surface of multi-cloud environments. Automated posture management is the most recent tool introduced by Varonis to simplify data security outcomes. Varonis introduced least privilege automation for Google Drive, Microsoft 365, and Box, as well as a new data security posture management (DSPM) dashboard early this month. About Varonis Varonis is a leader in data security and analytics, waging war differently from typical cybersecurity corporations. Instead, Varonis focuses on protecting business data like: Sensitive files and emails Strategic and product plans Financial records Confidential customer, patient, and employee data In addition to data protection, Zero Trust, data governance, compliance, categorization, data privacy, and threat detection and response, Varonis solutions handle various other critical use cases. The company began operations in 2005 and has clients in the financial services, healthcare, industrial, energy and utilities, insurance, technology, media and entertainment, consumer and retail, and education industries, among others.

Read More

ENTERPRISE SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY

Nozomi Networks Introduces the Industry’s First OT and IoT Endpoint Security Sensor

Nozomi Networks | January 25, 2023

On January 24, 2023, Nozomi Networks Inc., one of the leaders in OT and IoT security, announced Nozomi ArcTM, the industry's first IoT and OT endpoint security sensor, intended to accelerate time to full operational resilience exponentially. Nozomi Arc is designed to automatically deploy across a large number of locations and devices anywhere a company needs visibility, and it provides vital data and insights about essential assets and network endpoints. This data is utilized to better analyze and prevent attacks, as well as correlate user behavior, without straining existing resources or interrupting mission-critical networks. Arc is a game-changer in terms of comprehensive asset visibility, deployment speed, and network coverage across complex and remote OT and IT networks. Nozomi Arc is designed to: Be deployed remotely Analyze endpoint vulnerabilities Accelerate monitoring deployments in mission-critical systems; and Identify compromised hosts Nozomi Networks Co-founder and CPO, Andrea Carcano, said, "Operational resiliency is the top business priority for critical infrastructure organizations, which can only be achieved by lowering cyber risks and increasing security." He added, "Nozomi Arc accelerates time to resiliency by transforming every computer on the network into an OT security sensor. It quickly extends visibility to attack surfaces and threats inside endpoint hosts and their local networks. With Nozomi Arc, users can quickly corollate more information from more sources for better diagnostics and faster time to response." (Source – GlobeNewswire) With Nozomi Arc, users get the following advantages: Faster time to resiliency: Nozomi Arc removes time, resource, geographic, and internal policy limits from network-based deployments. Lower cyber risk and increased security: The only OT solution in the market that can identify malicious hardware. Extended visibility and context: In addition to illuminating additional assets, devices, and possible vulnerabilities, Arc detects process irregularities and questionable user behavior. Lower operational overhead: Because Arc can be remotely deployed through a software download, Nozomi Arc does not need extensive network adjustments to be implemented anywhere in the world, even in the most remote locations. About Nozomi Networks Nozomi Networks, with headquarters in San Francisco, California, accelerates digital transformation by defending the world's critical infrastructure, industrial enterprises, and government enterprises from cyber-attacks. Its technology provides OT and IoT environments with superior network and asset monitoring, threat detection, and analytics. As a result, customers rely on the company's solution to reduce risk and complexity while increasing operational resiliency. In addition, the organization provides zero-trust security by delivering contextual data for policy decisions, such as endpoint posture checks, baseline monitoring, and device role data.

Read More

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