Banks are losing hundreds of millions of dollars a year to check fraud - if not more, says David Maimon, professor of criminal justice and criminology at Georgia State University. The major hurdle facing banks is that they are not able to share information with each other about fraudulent checks.
Organizations today struggle with both new attack surface challenges such as cloud configuration and exposed buckets and long-standing ones around vulnerable ports and infrastructure. CEO George Kurtz says CrowdStrike's recent purchase of Reposify will help customers defend their priority assets.
Companies can be blinded by their inside-out view and often benefit from another set of eyes that see their business the same way an attacker would, says IBM's Mary O'Brien. IBM's acquisition of attack surface management firm Randori gives clients another view of areas that need to be remediated.
Cisco plans to debut a common design language across its network and security offerings so that products such as Cisco Meraki and Umbrella will no longer look or feel different from one another, says Jeetu Patel, executive vice president and general manager for security and collaboration at Cisco.
Varonis has dedicated most of its engineering resources to SaaS since the onset of COVID-19 to provide more automation to customers, says CEO Yaki Faitelson. The company has focused on delivering robust data protection to customers without them having to dedicate hardware or personnel to the task.
Proofpoint has focused on preventing cyberattacks, but customers have increasingly asked for help with blocking lateral movement from compromised identities, says CEO Ashan Willy. Acquiring Illusive in December will help Proofpoint block identity attack paths when a user is compromised.
The cloud security landscape has long been fragmented, and different vendors attempt to separately address containers, serverless and vulnerabilities, says Wiz CEO Assaf Rappaport. Consolidating detection, vulnerability and misconfiguration data in a single place reduces the noise for clients.
According to the World Economic Forum, geopolitical instability has helped to close the perception gap between business and cyber leaders' views on the importance of cyber risk management, and "91% of all respondents" believe that "a far-reaching, catastrophic cyber event" is on the horizon.
In the latest weekly update, ISMG editors discuss the lasting effects of the takedown of the Hive ransomware group, why the U.S. government is warning of a surge in Russian DDoS attacks on hospitals, and why the lack of transparency in U.S. breach notices is creating more risk for consumers.
Executives underestimated the security risk associated with operational technology based on the erroneous belief that OT networks are highly segmented or air gapped. But COVID-19 made executives realize their OT networks are more connected than they previously thought, says Dragos CEO Robert M. Lee.
Organizations have struggled to understand why APIs are so strategic even though they're an intrinsic way businesses interface with their software, according to Checkmarx CEO Emmanuel Benzaquen. He says API abuse is slated to become one of the most common types of web application data breaches.
Splunk has infused its SIEM with user behavior analytics and threat intelligence to better identify anomalies and understand what's going on in a customer's environment, says CEO Gary Steele. Adding UEBA to the SIEM makes it easier for organizations to identify, detect and remediate anomalies.
Lacework has debuted an attack path analysis tool to help organizations understand the havoc specific threats could wreak within their cloud infrastructure, says CEO Jay Parikh. The company helps customers prioritize which risk elements inside their infrastructure should be addressed first.
The Russia-Ukraine war has had huge economic consequences for Eset, given that the Slovakian vendor was the largest cybersecurity company in Ukraine and second-largest in Russia. The decision to halt sales in Russia and a spending slowdown in Ukraine due to the war hurt Eset, says CEO Richard Marko.
Virginia Democratic Sen. Mark Warner, who chairs the Senate Select Committee on Intelligence, says he hopes to gather support for new bipartisan legislation this year to incentivize healthcare sector entities to meet certain minimum cybersecurity standards and tackle other top security concerns.