Only 38 percent of banking/security leaders have high confidence in their organization's ability to detect and prevent fraud, according to the latest ISMG Faces of Fraud Survey. John Gunn of VASCO Data Security weighs in on how to improve that confidence.
The notion of patching the most critical vulnerabilities is outdated and ineffective thanks to today's black market for exploit kits, says Kevin Flynn of Skybox. Evaluating the exposure and context of holes in your organization is crucial to shoring up defenses, he says.
The Russian cyber espionage group known as Pawn Storm, which has been around since 2004, has shifted gears to focus on cyber propaganda efforts, and security professionals need to be aware of the changing threat, says Ed Cabrera of Trend Micro.
Many organizations are uncertain about the overall effectiveness of their security strategy because they are still in the dark about aspects of their risk posture, says Brian Soldato of NSS Labs. Conducting a few pen tests a year is not enough, he stresses.
To prepare to comply with Australia's new breach notification law, which goes into effect in February, organizations should start reviewing their cybersecurity posture and incidence response mechanisms, says Leonard Kleinman, RSA's chief cybersecurity advisor-APJ.
If the Equifax breach turns out like every other massive data breach we've seen for more than a decade, after a big brouhaha - from Congress, state attorneys general, consumer rights groups and class-action lawsuits - nothing will change, because that would require Congress to give Americans more privacy rights.
The massive Equifax data breach has already led to the filing of more than 30 lawsuits against the data broker - one demanding up to $70 billion in damages. At least five state attorneys general have launched formal investigations, while several Congressional committees have promised hearings.
A 10-digit PIN used by consumers to freeze access to credit reports with Equifax is based on dates and times, several observers have noticed. Equifax says it plans to change how the PIN is generated, but experts say it's another troubling development for a troubled company.
In the wake Equifax saying hackers may have stolen 143 million consumers' personal details, the company is already facing sharp questions over the robustness of its security defenses as well as reports that three executives sold stock after the breach was discovered, but before the news became public.
When it comes to ransomware defense, "backup, backup, backup" is the go-to strategy. But are organizations backing up the right data at the right time to enable the best ransomware recovery? Ali Mahmoud of SolarWinds MSP shares new insight on secure backup.