For the past decade, financial institutions have created sophisticated digital platforms for consumers to access, save, share and interact with their financial accounts. As sophisticated as these digital platforms have become, cyber criminals continue to pose an ever-present risk for everyone – from individual consumers to large corporations.
In his recent article, 2018 Outlook: Customer Experience and Security Strike a Balance,
Andrew Davies, vice president of global market strategy for Fiserv’s Financial Crime Risk Management division, explains how and why security will become a key differentiator for financial institutions as they respond to a changing landscape, which includes:
• Global payment initiatives
• Open Banking standards
• Artificial intelligence and machine learning
• Consumer demand for real-time fraud prevention and detection
Enhanced regulatory pressure requires continuous evaluation of your bank’s risks. To meet these demands, the AML industry has turned to analytical/statistical methodologies to:
• Improve monitoring programs.
• Reduce false-positive alerts.
• Increase monitoring coverage.
• Reduce the rapidly escalating financial cost of maintaining AML programs.
The 2016 ACFE Report to the Nations on Occupational Fraud and Abuse analyzed 2,410 occupational fraud cases that caused a total loss of more than $6.3 billion.8 Victim organizations that lacked anti-fraud controls suffered double the amount of median losses.
SAS’ unique, hybrid approach to insider threat deterrence – which combines traditional detection methods and investigative methodologies with behavioral analysis – enables complete, continuous monitoring. As a result, government agencies and companies can take pre-emptive action before damaging incidents occur. Equally important, SAS solutions are powerful yet simple to use, reducing the need to hire a cadre of high-end data modelers and analytics specialists. Automation of data integration and analytics processing makes it easy to deploy into daily operations.
Traditional procurement fraud detection methods – manual searches; spreadsheets; and simple slice, dice, filtering and reporting from silo systems – are not keeping pace. Whatever tools and processes are in place now, there’s always the opportunity to evolve to a higher level for more accurate detection – more high-value alerts and fewer
As explored in this paper, the SAS Fraud Framework supports a complete, modular,
enterprise-level program integrity solution that helps payers prevent, detect and
manage fraud, waste and abuse across all silos and lines of business. Its fully integrated
components offer both top-down and bottom-up functionality for exposing hidden and
risky networks. This approach gives payers enhanced detection capabilities, greater
insight into case management and improved operational efficiency while decreasing
overall cost of ownership. The result is highly effective, early, and even preventative
detection of fraud, waste, abuse and corruption that improves operational efficiency
and reduces health care costs.
An IBM Security webinar featuring Gartner analyst Anton Chuvakin
Gone are the days of a clearly defined network perimeter, in which you can confidently rely on static rules to detect intruders. As the cyber threat landscape has evolved, so has the vendor landscape. With all the options available, do you know which threat detection solutions to invest in – much less which ones will still exist in five years?
Listen to this IBM Security webinar featuring Gartner analyst Anton Chuvakin to learn:
Similarities and differences between SIEM and UEBA solutions
Predictions on the future of these two markets
How QRadar’s single-platform approach to SIEM and UEBA can help you not only detect more threats, but also more accurately determine if a threat is real versus benign
Encryption technology has enabled much greater privacy and security for enterprises that use the Internet to communicate and transact business online. Mobile, cloud and web applications rely on well-implemented encryption mechanisms, using keys and certificates to ensure security and trust. However, businesses are not the only ones to benefit from encryption.
Security is a looming issue for organizations. The threat landscape is increasing, and attacks are becoming more sophisticated. Emerging technologies like IoT, mobility, and hybrid IT environments now open new organization opportunity, but they also introduce new risk. Protecting servers at the software level is no longer enough. Organizations need to reach down into the physical system level to stay ahead of threats. With today’s increasing regulatory landscape, compliance is more critical for both increasing security and reducing the cost of compliance failures. With these pieces being so critical, it is important to bring new levels of hardware protection and drive security all the way down to the supply chain level. Hewlett Packard Enterprise (HPE) has a strategy to deliver this through its unique server firmware protection, detection, and recovery capabilities, as well as its HPE Security Assurance.
Today’s threat landscape is nothing like that of just 10 years ago. Simple attacks that caused containable damage have given way to modern cybercrime operations that are sophisticated, well-funded, and capable of causing major disruptions to organizations and the national infrastructure. Not only are these advanced attacks difficult to detect, but they also remain in networks for long periods of time and amass network resources to launch attacks elsewhere.
Traditional defenses that rely exclusively on detection and blocking for protection are no longer adequate. It’s time for a new security model that addresses the full attack continuum—before, during, and after an attack.
This white paper can help you confirm that your small business or distributed enterprise needs to invest in an effective next-generation firewalls (NGFW) solution. For small businesses, the
NGFW should provide an affordable and manageable entrée to advanced threat protection. In branch offices and the distributed enterprise, NGFWs should provide a detection and enforcement point, analyzing real-time threats and network traffic at scale and benefiting from an integrated and holistic view of the network of which it is a part. In both use scenarios, the NGFW should help your organization defend against targeted and persistent malware attacks, including emerging threats.
First, today’s digitally oriented customers expect banks to provide an ever-higher quality experience defined by speed and the flexibility to conduct business across many channels. They’ve grown accustomed to going online and transferring money between accounts, for example, and using their mobile device to make payments and check their account balance. These kinds of experiences have raised the bar in terms of customer expectations – and banks need to keep up, or risk losing customers. This is particularly true of millennial customers, as they have little regard for loyalty, which banks have traditionally relied on to build their business. Once frustrated by inconvenience, they don’t hesitate to switch banks – and thanks to the internet, this is now a fast, painless process.
Cyberattacks are now a fact of life. Yet detection still lags. In 2015, the median amount of time attackers spent inside organizations before detection was 146 days. Why are we so vulnerable?
MIT Technology Review asks Andrzej Kawalec, chief technology officer for HPE Security Services and Marshall Heilman, vice-president and executive director at Mandiant, a FireEye company, what we can do to make our systems more secure.
The endpoint security market continues to expand with vendors old and new marketing their solutions as “next generation” game-changers. However, closer inspection reveals that many new solutions have been built on old platforms, many of which still rely heavily on signature-based detection and obsolete architecture. Navigating this crowded vendor landscape can be challenging — how does the buyer find the true next-generation protection today’s targeted, advanced threats demand?
A new white paper, “The Five Essential Elements of Next -Generation Endpoint Protection,” offers guidance on how to see through the hype and understand the critical must-have elements that meet true next-generation criteria and set a new standard in EPP.
Download the white paper to learn:
Details on the five essential capabilities that define true next-generation EPP and why they are so important
A matrix that evaluates and compares the potential impact of different solutions
A list of top questions to ask ve
As damaging breaches continue to occur, more organizations are considering endpoint detection and response (EDR) solutions to address the incidents that aren't being handled adequately by their existing defenses. However, EDR solutions come in a wide variety of implementations and can vary significantly in scope and efficacy — choosing the best solution can be challenging.
This white paper, “Endpoint Detection and Response: Automatic Protection Against Advanced Threats,” explains the importance of EDR, and describes how various approaches to EDR differ, providing guidance that can help you choose the product that's right for your organization.
Read this white paper to learn:
What makes EDR such a valuable addition to an organization's security arsenal and why finding the right approach is critical
How the “EDR maturity model” can help you accurately evaluate vendor claims and choose the solution that best fits your organization’s needs
How the CrowdStrike® EDR solution empowers organ
Published By: Symantec
Published Date: Aug 15, 2017
Stay ahead of the evolving threats.
Organized crime is driving the rapid growth and sophisticated evolution of advanced threats that put entire website ecosystems at risk, and no organization is safe.
The stealthy nature of these threats gives cybercriminals the time to go deeper into website environments, very often with severe consequences.
The longer the time before detection and resolution, the more damage is inflicted. The risk and size of fines, lawsuits, reparation costs, damaged reputation, loss of operations, loss of sales, and loss of customers pile up higher and higher.
The complexity of website security management and lack of visibility across website ecosystems is further impacted by the fact that it is nearly impossible to know how and where to allocate resources.
Website security must be evolved in line with these growing threats and challenges.
Published By: Oracle CX
Published Date: Oct 19, 2017
In today’s IT infrastructure, data security can no longer be treated as an afterthought, because billions
of dollars are lost each year to computer intrusions and data exposures. This issue is compounded by
the aggressive build-out for cloud computing. Big data and machine learning applications that perform
tasks such as fraud and intrusion detection, trend detection, and click-stream and social media
analysis all require forward-thinking solutions and enough compute power to deliver the performance
required in a rapidly evolving digital marketplace. Companies increasingly need to drive the speed of
business up, and organizations need to support their customers with real-time data. The task of
managing sensitive information while capturing, analyzing, and acting upon massive volumes of data
every hour of every day has become critical.
These challenges have dramatically changed the way that IT systems are architected, provisioned,
and run compared to the past few decades. Most companies
Published By: Gigamon
Published Date: Oct 19, 2017
Read the Gigamon white paper, Harnessing the Power of Metadata for Security, to see why metadata is the new security super power for enterprises looking to separate signals from noise, reduce time to threat detection, and improve overall security efficacy to combat ever more advanced and persistent cyber attacks. Download now!
Published By: Gigamon
Published Date: Oct 25, 2017
Read the Joint Solution Brief Accelerate Threat Detection and Response to learn how Gigamon helps Splunk Enterprise users effectively analyze and remediate network security threats. Benefits include enhanced visibility and deeper, faster security analytics from precise, targeted network metadata generated from the traffic flowing in your network. Also learn how automation of common security tasks, across the Gigamon platform and third-party security tools, from within the Splunk platform helps increase analyst efficiency and reduce errors.
A fundamental people-process-technology transformation enables businesses to remain
competitive in today’s innovation economy. Initiatives such as advanced security, fraud detection
services, connected consumer Internet of Things (IoT) devices, augmented or virtual reality
experience, machine and deep learning, and cognitively enabled applications drive superior
business outcomes such as predictive marketing and maintenance.
Superior business outcomes require businesses to consider IT a core competency. For IT, an
agile, elastic, and scalable IT infrastructure forms the crucial underpinning for a superior service
delivery model. The more up to date the infrastructure, the more capable it is of supporting the
scale and complexity of a changing application landscape. Current-generation applications must
be supplemented and eventually supplanted with next-generation (also known as cloud-native)
applications — each with very different infrastructure requirements. Keeping infrastructure up
Adversaries and defenders are both developing technologies
and tactics that are growing in sophistication. For their part,
bad actors are building strong back-end infrastructures
with which to launch and support their campaigns. Online
criminals are refining their techniques for extracting money
from victims and for evading detection even as they continue
to steal data and intellectual property.
Malicious botnets present multiple challenges to enterprises — some threaten security, and others merely impact performance or web analytics. A growing concern in the bot environment is the practice of credential stuffing, which capitalizes on both a bot’s ability to automate repeat attempts and the growing number of online accounts held by a single user. As bot technologies have evolved, so have their methods of evading detection. This report explains how the credential stuffing exploit challenges typical bot management strategies, and calls for a more comprehensive approach.
This paper reveals how not securing all of your keys and certificates enables cybercriminals to bypass controls like threat detection, data protection, firewalls, VPNs, DLP, privileged access, and authentication systems that you expect will mitigate threats.
The Cisco 2017 Annual Cybersecurity Report presents research, insights, and perspectives from Cisco Security Research.
This research can help your organisation respond effectively to today’s rapidly evolving and sophisticated threats.