What is causing digital fraud to rise year over year? From current trends and consumer attitudes to technological enhancements and more sophisticated tactics, let’s take a look at the top nine reasons digital fraud is rapidly increasing:
Organizations' migration to the cloud is a broad term that encompasses many different trends: (1) Moving existing applications from private data centers to AWS, Azure, or the Google Cloud Platform as cloud service providers (CSPs), often referred to as lift-and-shift or infrastructure-as-a-service (IaaS); (2) Completely restructuring how applications are built to make heavier use of prepackaged services available on these cloud service platforms – often referred to as lift-and-reshape, serverless, or platform-as-a-service (PaaS); (3) Choosing to forgo running copies of standard applications instead of having the application vendor host them is sometimes referred to as drop-and-shop or software-as-a-service (SaaS).
With the emergence of major public health issues, or crises, such as COVID-19, grant funding for research and program development will be made available from various government agencies to help with the response. Additionally, foundations such as the Bill & Melinda Gates Foundation or Ford Foundation may provide the precious funds to perform the vital work to battle the at hand issue. If fortunate, those in receipt of funding to pursue the global health issue to be addressed will often utilize technology either developed or custom created and implemented to address the critical response, or in the case of COVID-19, slow the spread or research the creation of vaccines.
Starting on December 8, Apple will require all third-party developers to detail their app’s privacy information, according to an Apple post. Security experts note that this new update (iOS 14) puts additional focus on user privacy, and in particular gives users better visibility into their personal information that is shared with third parties.
Security alerts are imperative for effectively mitigating and preventing cyberattacks. But, a key challenge of modern threat protection solutions is the sheer number of alerts they generate – leading to “alert fatigue.”
To learn more about the dangers of alert fatigue, we talk to Mark Kedgley, CTO at New Net Technologies (NNT).
The Office of the Comptroller of the Currency (OCC) reported the key issues facing the federal banking system and the effects of the COVID-19 pandemic on the federal banking industry in its Semiannual Risk Perspective for Fall 2020.
While the technical root causes are the same, the impact of an IoT botnet attack on consumer versus enterprise and industrial devices is vastly different. An attack on a consumer gadget could be limited to a privacy issue, whereas the effect of a successful breach on a commercial device can have a significant production or safety cost. That’s why it’s more critical than ever for IT and OT security professionals to understand and be prepared to defend against this growing threat.
Although DDoS as a threat vector may have been overshadowed in the media as a result of several high-profile ransomware operations this year, instances of DDoS attacks show little sign of slowing down as a common tool for malicious actors.
According to new Digital Shadows research, 2020 saw the largest DDoS attack on record, peaking at rate of 2.3 terabytes per second and causing three days of downtime for the targeted business.
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) issued an interagency paper titled “Sound Practices to Strengthen Operational Resilience.” The sound practices paper generally describes standards for operational resilience set forth in the agencies’ existing rules and guidance for domestic banking organizations that have average total consolidated assets greater than or equal to (1) $250 billion or (2) $100 billion and have $75 billion or more in average cross-jurisdictional activity, average weighted short-term wholesale funding, average nonbank assets, or average off-balance-sheet exposure.
Cybersecurity breaches are an all-too-common and ever-evolving threat that every organization should be prepared for. But as digital ecosystems evolve to support new innovations and an increasing number of connected devices, so does the complexity of managing and securing critical network infrastructure. What can be done to prevent attacks and protect sensitive data and critical infrastructure? One of the first and most critical steps to improving security is to ensure network management operates independently from the production network.
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