While massive DDoS attacks were dominant in 2013, this year, smaller application-layer attacks going after such things as log-in pages and password files are far more common, says Rich Bolstridge, chief strategist, financial services, at Akamai Technologies.
While most organizations are focusing on compliance, they are ignoring basic human-factor security risks that technology cannot fix, says Hord Tipton, executive director of the International Systems Security Certification Consortium, better known as (ISC)Â².
Simple credentials, such as passwords, are a hacker's best friend, says Phillip Dunkelberger of Nok Nok Labs, a founding member of the FIDO Alliance. That's why the alliance is working to reduce reliance on passwords by enabling advanced authentication.
Although the growth of cloud-based data centers offers opportunities to more rapidly deploy applications, it also raises new security issues, says Steve Pao, senior vice president at Barracuda Networks.
Researchers at Dell SecureWorks have identified some 146 unique malware families that are targeting cryptocurrencies. Approximately 100 of those have emerged in just the last year, says Pat Litke, security analysis adviser for the company's CyberThreat unit.
Log analysis is often used for managed security, but are organizations going far enough with the information they have at their fingertips? Don Gray, chief security strategist for Solutionary, says there is much more organizations could be doing to predict breaches.
Advanced, ever-evolving threats call for security solutions vendors to counter with equally advanced and sophisticated solutions. JD Sherry of Trend Micro discusses new strategic alliances and product sets dedicated to creating new measures of threat defense.
Two critical steps that banking institutions need to take in 2014 to help prevent fraud are implementing big data analytics and adopting far more sophisticated customer and employee authentication, says Gartner analyst Avivah Litan.
In a groundbreaking effort to boost security, HSBC Bank USA is now requiring its retail banking customers to use dual-factor authentication for certain sensitive online banking transactions, says LuAnne Kingston, senior vice president.