Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

Ransomware is one of the most dangerous cyber attacks to businesses and consumers. This type of malware holds files and data hostage until a ransom is paid. Ransomware incidents can result in data loss, financial losses, and even ransomware payments. In order to protect your business from ransomware-based data breaches, it is important to understand ransomware statistics, ransomware trends, and the best practices for ransomware prevention.

The content of this post is solely the responsibility of the author. AT&T does not adopt or endorse any of the views, positions, or information provided by the author in this article. Data continues to be a valuable asset for an organization and plays a crucial role in making operational and strategic business decisions. With the growth of hybrid, private, and multi-cloud models, much of the data is stored on these platforms and becomes vulnerable to malicious activities and potential data leaks.

Read also: Microsoft fixes a Windows zero-day, security researchers detail a way to bypass popular web application firewalls, and more.

Banks still struggle to properly integrate clients even though the majority of financial institutions (FIs) have explicit digital-first initiatives to automate & optimise their backend operations. The majority of corporate clients need an easy-to-use onboarding process with little human involvement and foolproof verification, but due to strict compliance requirements and a high demand for customization, this is a challenging challenge.

Compliance is a fundamental baseline for many organizations but doesn’t guarantee security. While there is some overlap, today’s security leaders must recognize the need to go beyond what compliance frameworks call for to achieve an extra layer of protection and peace of mind against potentially devastating breaches. Compliance may set the foundation, but it should never be viewed as providing total protection or proof of a robust security posture.

Resilient cybersecurity posture can only be achieved with a full understanding of your internal and external attack surface. CrowdStrike Falcon® Surface builds on our award-winning adversary intelligence with cutting-edge external attack surface management (EASM) capabilities for a complete picture of known and unknown externally exposed assets, all delivered via the unified CrowdStrike Falcon® platform.

On Tuesday, December 13, a joint announcement from the United States NSA and Citrix announced a zero-day vulnerability in Citrix ADC. The vulnerability (CVE-2022-27518) is a critical unauthenticated Remote Code Execution (RCE) issue currently rated as CVSS 9.8. Patches are already available from Citrix. The NSA attributes the zero-day to APT5, a Chinese hacking collective. There is currently no guidance for how widespread the campaign has been or how long it's been ongoing.

Meta has two of the largest social media platforms today, Facebook and Instagram. These platforms became the modern gateway for people not just to socialize and eavesdrop on the lives of famous personalities, but more importantly, to stay connected with their friends and loved ones. The sites also became effective channels for organizations to advertise and disseminate information.

In a key bulletin published in August 2022, Tony Chaudhry, the Underwriting Director of Lloyds, addressed the risk posed by cyber security threats to the insurance industry, stating that “losses have the potential to greatly exceed what the insurance market is able to absorb”.