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Financial services organizations are facing a relentless and determined cyber assault
Jul. 19, 2017 07:15 AM
In its 2017 State of Malware Report, Malwarebytes Labs recorded a 267 percent increase in ransomware between January 2016 and November 2016, with over 400 different variants in total. The report noted that while malware authors mostly relied on ransomware to make the bulk of their revenues, there was an increase in ad fraud as well. Botnets and mobile malware also continue to expand and evolve. The report predicts that until IoT devices become secure out of the box, botnets will get even bigger and pose an even greater threat to the internet - and any company connected to it.
Financial services organizations are facing a relentless and determined cyber assault. Many recent factors have converged to create greater complexity and threat opportunity in the network, undermining the effectiveness of security prevention solutions. Bring Your Own Device (BYOD) can act as a Trojan horse to gain access to the network, and employees or contractors can knowingly or unwittingly mishandle data in a way that results in a breach. Cloud computing also provides new opportunities for attackers, who are constantly looking for novel ways to breach the wall by exploiting vulnerabilities.
One of those opportunities is, oddly enough, a non-malware attack. In this situation no malware is downloaded to the user's computer. Instead, a malware script is activated that exploits vulnerabilities in flash, web browsers and other existing tools on the computer. As many of the security prevention solutions installed are focused on preventing malware download, this attack nullifies the effectiveness of a large part of the security architecture.
Advanced threat detection, because it does not rely on detecting file downloads, is particularly effective in combating non-malware attacks. Instead, it detects activities that are out of the ordinary, giving the security team the basis for further investigation.
In order to analyze network behavior, the ability to analyze all network traffic in real time must be operational. This requires packet capture solutions that can deliver each and every packet for analysis without packet loss, even at speeds up to 100G.
Network Recording Capability
The catch is that today's security solutions are usually designed to prevent and detect threats in real time or at least near-real-time. The ability to reconstruct the anatomy of an attack in detail is often impossible, especially if the attack took place up to six months ago. There is therefore a strong case to be made for establishing the capability to record network traffic in a way that will allow the reconstruction of a breach even months after the fact.
The benefit of having a packet capture-to-disk or network recording capability is twofold. It allows every packet on the network to be recorded at speeds up to 100 Gbp and can also provide multiple security analysis applications access to the same data. This allows deep-dive analysis of reliable network data on demand to support near-real-time forensic analysis or analysis of breaches several months in the past.
From Preventive to Adaptive
The ability to perform continuous monitoring and analytics, including network monitoring and analysis, underpins this adaptive security architecture framework.
Learning to Adapt
Using this set of tools in concert, organizations can detect zero-day threats, prevent known attacks and detect anomalous behavior that can indicate breaches that have circumvented defenses. The alerts and information from each solution are correlated and condensed by solutions like security information and event management systems that will enable security teams to quickly focus their attention on the most important threats.
Visibility is critical today, in light of increasing complexity of both the network and the threats against it. A comprehensive view is possible if security prevention and detection solutions work together. A key component of this approach is full packet capture for near-real-time forensic analysis and post-breach analysis. Together, these capabilities create past and present visibility for truly adaptive security.
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo, October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Track 1. Enterprise Cloud | Cloud-Native
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Sponsors of Cloud Expo | @ThingsExpo will benefit from unmatched branding, profile building and lead generation opportunities through:
For more information on sponsorship, exhibit, and keynote opportunities, contact Carmen Gonzalez (@GonzalezCarmen) today by email at events (at) sys-con.com, or by phone 201 802-3021.
All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades.
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-4, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Delegates to Cloud Expo | @ThingsExpo will be able to attend 8 simultaneous, information-packed education tracks.
There are over 120 breakout sessions in all, with Keynotes, General Sessions, and Power Panels adding to three days of incredibly rich presentations and content.
Join Cloud Expo | @ThingsExpo conference chair Roger Strukhoff (@IoT2040), October 31 - November 2, 2017, Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, for three days of intense Enterprise Cloud and 'Digital Transformation' discussion and focus, including Big Data's indispensable role in IoT, Smart Grids and (IIoT) Industrial Internet of Things, Wearables and Consumer IoT, as well as (new) Digital Transformation in Vertical Markets.
Financial Technology - or FinTech - Is Now Part of the @CloudExpo Program!
Accordingly, attendees at the upcoming 21st Cloud Expo | @ThingsExpo October 31 - November 2, 2017, Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, will find fresh new content in a new track called FinTech, which will incorporate machine learning, artificial intelligence, deep learning, and blockchain into one track.
Financial enterprises in New York City, London, Singapore, and other world financial capitals are embracing a new generation of smart, automated FinTech that eliminates many cumbersome, slow, and expensive intermediate processes from their businesses.
FinTech brings efficiency as well as the ability to deliver new services and a much improved customer experience throughout the global financial services industry. FinTech is a natural fit with cloud computing, as new services are quickly developed, deployed, and scaled on public, private, and hybrid clouds.
More than US$20 billion in venture capital is being invested in FinTech this year. @CloudExpo is pleased to bring you the latest FinTech developments as an integral part of our program, starting at the 21st International Cloud Expo October 31 - November 2, 2017 in Silicon Valley, and June 12-14, 2018, in New York City.
The upcoming 21st International @CloudExpo | @ThingsExpo, October 31 - November 2, 2017, Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY announces that its Call For Papers for speaking opportunities is open.
Submit your speaking proposal today! ▸ Here
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