Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

Though the level of fear of Covid 19 has diminished, there are other fears surrounding the 2022 Olympic games. Fears of telecom disruptions and ransomware attacks are founded, and the damage that could be caused has increased with the reliance on technology to broadcast the Games, which kicks off on February 4. Organizers are preparing for the kind of cyberattack that temporarily paralyzed IT systems ahead of the official opening ceremonies of the 2018 Pyeongchang Winter Olympics in South Korea.

In September 2021, the Indian Markets Regulator, Security, and Exchanges Board of India (SEBI) banned an employee of an Indian MNC headquartered in Bangalore and his counterpart, an employee of a leading Global information technology company from trading in stock exchanges till further orders. An impounding of illegal proceeds of 2.62 crore rupees were generated through insider trading activities. This is just an example of insider trading.

Privilege abuse is the top misuse-related reason for data breaches according to the 2021 Data Breach Investigations Report by Verizon. To mitigate the risk of data leaks and other incidents, it’s crucial to enhance the protection of critical assets and keep a close eye on the activity of privileged users. Yet it can become a real ordeal for an IT security manager not only to secure access to their organization’s servers but also to track and manage all privileged sessions.

Late December 2021: A company coming off a record year for revenue growth was preparing to ramp down for a week to celebrate the December holidays. However, unbeknownst to the company, just a few days prior, one of its longest-serving employees had been recruited by a ransomware group. The employee had responded to a posting on a computer hacking forum asking for access to corporate networks in return for cash payouts.