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securitysenses

The Importance of Know Your Business (KYB) in the Fintech World

Jul 19, 2024 By SecuritySenses In SecuritySenses
In the dynamic and rapidly evolving fintech industry, regulatory compliance and risk management are crucial for maintaining trust and ensuring sustainability. One critical component of this regulatory framework is the Know Your Business (KYB) process. KYB involves verifying the legitimacy and credentials of business clients and partners, ensuring they are who they claim to be, and assessing their potential risks. In the fintech world, KYB is essential for mitigating fraud, ensuring compliance with regulations, and fostering a trustworthy ecosystem.
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securitysenses

What are Microsoft Power Apps, and What are their Use Cases?

Jul 19, 2024 By SecuritySenses In SecuritySenses
Microsoft Power Apps is a low-code application development platform that allows businesses to quickly build custom web and mobile apps for their organizations without writing code. Power Apps provides a graphical interface and drag-and-drop tools to design and connect apps to existing business data and systems.
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chaossearch

The Top 5 Security Logging Best Practices to Follow Now

Jul 18, 2024 By David Bunting In ChaosSearch
Security logging is a critical part of modern cybersecurity, providing the foundation for detecting, analyzing, and responding to potential threats. As highlighted by OWASP, security logging and monitoring failures can lead to undetected security breaches. With the average cost of a data breach adding up to $4.45 million, most organizations can’t afford to miss a security incident.
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egnyte

Part 2: How Egnyte Built its Turnkey Retrieval Augmented Generation Solution

Jul 18, 2024 By Andriy Zaretskyy In Egnyte
In Part 1 of this series, we explored the intricacies of language models' "Retrieval" aspect, delving into how these models search and pull relevant information from vast data repositories. As we continue our journey into understanding the inner workings of language models, let’s turn our attention to the next crucial stage, "Augmentation and Generation." In this blog post, we will explore the augmentation and generation phase, a process that is integral to the functioning of the RAG pipeline.
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#138 - Automating Security Detection Engineering with Dennis Chow, Security Engineer at EY

Jul 18, 2024 By LimaCharlie In LimaCharlie
On this episode of The Cybersecurity Defenders Podcast, we talk about automating security detection engineering with Dennis Chow, Security Engineer at EY. Dennis is a multi-industry and seasoned cybersecurity operations leader. Using his experience, he helps organizations achieve their maximum security potential through hybrid training, sec ops management, engineering, and cross-disciplinary integration. He is also a published author, and a veteran of the armed forces.
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foresiet

Life360 Data Breach Exposes Over 400,000 User Phone Numbers

Jul 18, 2024 By Foresiet In Foresiet
A significant data breach has compromised the personal information of 442,519 Life360 customers due to a vulnerability in the company's login API. The breach, discovered in March 2024, has exposed sensitive user details, including email addresses, names, and phone numbers. This incident underscores the critical importance of robust cybersecurity measures, particularly for services handling vast amounts of personal data. Exploiting an Unsecured API Endpoint.
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Forescout

Emerging IoT Wiper Malware: Kaden and New LOLFME Botnet Variants

Jul 18, 2024 By Forescout Research - Vedere Labs In Forescout
Wipers are malware that delete data on a device or make it inaccessible. They can be used for sabotage, to destroy evidence of an attack or simply to make a device unusable. IoT wipers often rewrite important parts of the firmware of an IoT device, rendering that device useless, so they are also known as “brickers”. Recent notorious examples of IoT wipers are AcidRain which was used by a Russian APT to brick satellite modems in Europe at the outset of the Russian invasion of Ukraine in 2022.
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knowbe4

Change Healthcare Ransomware Attack May Cost Nearly $2.5 Billion

Jul 18, 2024 By Stu Sjouwerman In KnowBe4
The ransomware attack against UnitedHealth Group’s Change Healthcare platform is expected to cost the company up to $2.45 billion, more than a billion dollars more than was previously estimated, Cybersecurity Dive reports. The incident has already cost the firm nearly $2 billion.
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