Fintech companies – those that offer technology to support the banking and personal finance industry – are increasingly at risk of cyberattack. After healthcare, fintech is the second most frequently attacked industry, according to Alissa Abdullah, senior vice president of cybersecurity technology at Mastercard. Fintech News found that 27% of attacks target banks or healthcare.
SIEM (Security Information and Event Management) systems have a reputation for being expensive. And that’s generally correct – they can cost hundreds of thousands per year or have huge upfront costs. But why is that? There are several main reasons: All of this is changing. According to Gartner, SIEMs are going to the mid-market and these things don’t hold true there.
While all cybersecurity professionals agree that log management is integral for robust proactive and reactive security, managing the enormous amount of data logs can be a challenge. While you might be tempted to collect all logs generated from your systems, software, network devices, and users, this “fear of missing out” on an important notification ultimately leads to so much noise that your security analysts and threat hunters cannot find the most important information.
Halloween is tomorrow, and do you know what that means? For starters, it means you can dance under the rare blue moon. A full moon visible for all time zones on Earth hasn’t happened since 1944, and won’t happen again until 2039. It also means you can don a costume and be anything you like. Kind of like a fraudster, that assumes a new persona every time there is a payment fraud attack.
From credential theft to network vulnerability exploitation and ransomware incidents on highly secure organizations, the year 2020 has been surprisingly rough on IT security. In the wake of the COVID-19 pandemic, companies around the world are reporting more cyberattacks than ever before, and although the techniques used or the method of attack may be new, the vectors of attack over the years remain unchanged.
Hoge Fenton Jones & Appel is a multi-service law firm headquartered in Silicon Valley. As a member of Mackrell International, a premier network of independent law firms in 60 countries, the firm’s reach extends around the world. Mackrell International has been named a Top Ranked Chambers Global Leading Law Firm Network.
The 2020 Devo SOC Performance ReportTM presents security professionals’ responses to a variety of survey questions related to people, processes, and technologies within their security operations center (SOC). One of the more interesting topics in the report is the role security automation technologies can play in improving SOC performance and alleviating analyst stress caused by overwork and performing repetitive, mind-numbing tasks, which can lead to analyst burnout.
It’s no secret: the number of security vulnerabilities organizations must contend with is overwhelming. According to a 2019 Risk Based Security report, there were 22,316 newly-discovered vulnerabilities last year. One Patch Tuesday disclosed a record number of 327 vulnerabilities in a single day. Just keeping up is becoming a monumental task. But knowing where and how your organization may be vulnerable is critical to maintaining a healthy security posture.
These vulnerabilities were observed to be critical in October 2020. Cyberint's Research Team recommends to patch and take the necessary steps immediately.
The number of cyberattacks has increased five-fold after COVID-19, as the pandemic brought new opportunities to cybercriminals. At this rate, cybersecurity threats are estimated to cost the world US $6 trillion a year by 2021. Since remote working became “the new normal”, it also became a growing gateway to new forms of data theft and as a result, companies face significantly increased risk of cyber-attacks and data breaches.
