Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

The impact of artificial intelligence (AI) on cybersecurity is quickly becoming a major topic as organizations across the world begin the race to adopt AI technology into their products, business models, or security programs. AI is quickly emerging as a field that has the potential to revolutionize the field of cybersecurity. However, the use of AI in cybersecurity brings on new challenges and risks just as much as it provides new and innovative solutions.

The expanding attack surface of an increasingly interconnected digital world comes with a high degree of risk due to ransomware, phishing attempts, supply chain attacks, data breaches, and other cyber incidents. And while many organizations recognize the need for cyber insurance, a recent Forrester Research report found that only 55% of organizations in North America have purchased cyber insurance. 1

With the rise of remote work and shadow IT, more devices and apps (both sanctioned and unsanctioned) are connecting to your organization’s network. Today, there are approximately five million mobile apps currently in circulation: approximately three million for Android and two million for iOS. That’s great for productivity, but less than ideal when it comes to security.

Today, Elwood Technologies announced that they will be integrating Fireblocks to strengthen its commitment to offering institutions a top-tier digital asset infrastructure. The London-based fintech, created by hedge fund heavyweight Alan Howard, provides connectivity to crypto trading tools for institutional investors. The integration will enable Elwood clients to seamlessly view their movements and balances on Fireblocks directly on Elwood’s portfolio management system.

Privileged Access Management (PAM) is a critical aspect of cybersecurity that helps organizations protect their sensitive data from unauthorized access. By controlling and monitoring access to privileged accounts, PAM solutions can prevent cyberattacks, data breaches and compliance violations. However, some organizations fail to implement PAM, leaving themselves vulnerable to various risks.

Identity and Access Management (IAM) in most organizations is typically provided by Access Management, Privileged Access Management (PAM) and Identity Governance and Administration (IGA) solutions. Unfortunately, many of these solutions work independently in silos, and efforts to integrate them to work together can be patchwork at best.

MITRE ATT&CK tools can help security teams to get started with MITRE’s renowned knowledge base. Created in 2013, the MITRE ATT&CK framework, which breaks down attacks in a consistent manner, has grown steadily in popularity. Today, it is an important resource for security teams working in businesses of all sizes and across all types of industries.

Getting the benefits of AI threat detection tools is becoming less of an option for security operation centres (SOCs). Last year, the UK experienced more cyber attacks than any other country in Europe. According to IBM’s X-Force Threat Intelligence Index report, nearly half (43%) of all cyber attacks in Europe targeted UK-based organisations.

As our lives become more intertwined with the digital world, cyberattacks are growing in sophistication. And since the pandemic, the prevalence of hybrid work culture has posed additional security challenges. This creates pressure for businesses to implement advanced measures to safeguard their users’ digital identities and network resources. Failing to do so not only damages an organization’s reputation, but also leads to numerous legal issues and heavy recovery costs.

L et’s start with this: Global research shows over half of organisations have had a data breach, and 62% suffer from unplanned downtime on a monthly basis. The recent research figures are a stark reminder of the prevalence and current nature of security threats. It may not come as a surprise to those who follow the constant stream of media reports detailing mistakes and malicious attacks.