Thursday, 25 June 2020

hackerslist.co - How to Get Your Data Protection Fundamentals in Order?


The Accenture Security team recently published an amazing whitepaper on Data Centric Security. hackerslist.co considering the number of breaches that corporates and businesses have to deal with, it's no surprise that technology companies are starting to clamp down on cybersecurity. Protecting your customers and your data is no easy task. In recent years:

1. More than 140 million customer records were leaked from a leading credit reporting agency.
2. Half a billion user accounts were compromised at a leading Internet service provider.
3. 80 million patient and employee records were breached at a health insurer.
4. More than 50 million credit card accounts were compromised at a leading retailer.

How data breaches hurt you

There are three major occurrences during a data breach:

1. Data breaches are costly: Given the above examples, the estimates put in financial losses from a severe data breach is in the tens or hundreds of millions of dollars. The average data breach can cost an organization USD 11.7 million, which is frightening!
2. Data breaches can potentially cost lives: Whether it is the Intelligence community, healthcare, energy or chemicals, data breaches have real-world consequences affecting people's lives.
3. Data breaches occur due to multiple failures: There are multiple points of failure. For hackers to leak millions of customer records, generally multiple breaches have occurred over a long period of time - days, weeks or months!
Manning the cyber forts

There are many practices an organization can adopt to prevent breaches and loss of data. Depending on how large your organization is and how much your security budget is, there are a ton of things you can do to have better security:

1. Protect high-value assets - While this is obvious, protecting high-value assets should be the first priority for your security team. Sometimes adopting the attacker's mindset can give your team the perspective they need while designing and executing a threat and vulnerability program. hackerslist.co adding multiple techniques such as encryption, tokenization, micro-segmentation, privilege and digital rights management can fortify your high-value assets making breaches longer and harder to execute.

2. People make mistakes - Securing your data is one thing, but if you allow human error to creep into your processes, then all that security will go to waste. Monitoring who will have access to what data is almost as important as encrypting everything. Monitor continuously for unauthorized access and assign roles to limit access. Proper micro-segmentation in your access control can allow users with access to see what they have to see by obscuring the rest they need not. By doing this, if a user's credentials are compromised, only a segment of the data is exposed. This makes leaking large amounts of data harder.

3. Network enclaves make good walls - In the digital world, the lines between your walls and the outside world could get blurred. The perimeter is now an abstract concept that moves fluidly between the cloud, the field and the control rooms. Creating enclaves or environments where you can monitor the traffic of users and behaviors of applications can stall an attacker's maneuverability. When the perimeter is compromised, the enclaves remain safe, and these partitions could prevent further damage.

4. Release the hunting programs! - Don't be complacent because your attackers will not. Regularly have hunting programs scan for vulnerabilities and adopt a continuous response model. Always assume you've been breached and use your threat hunting teams to look for the next breach.

Thursday, 4 June 2020

hackerslist.co - The Security Intelligence in The Financial Services


Security intelligence is the data related to safeguarding an organization from any outside and inside threats along with the processes, and policies developed to accumulate and evaluate the information.
It can also be referred to as the actual collection, standardization, and analysis of the data created by users, applications, and structures that influence the IT security and risk position of a business.

On a daily basis hackerslist.co company says, information flows in organizations for the senior management to make smart decisions. The various stakeholders (employees, customers, contractors) are interfaced through various technologies.

However, the technological infrastructure can also result in serious security issues. The probable areas of intrusion are unlimited. Security experts and business leaders are trying to find an answer to the question - Is it feasible to have a robust security in an increasingly interfaced environment?
Though the answer is yes, it needs a radical transformation in processes and practices encompassing the financial services sector.

Cybercrime and Profitability

hackerslist.co Financial institutions are at great risk since they are perceived to be an easy target for cybercriminals. According to a survey by IBM, "Financial markets, insurance, computer and professional services together account for over 40% of all security incidents worldwide."
The losses, pertaining to cybercrime in other sectors could be due to industrial intelligence and fraud related to intellectual property, but in banking, online fraud is a possibility.

Any fraud related to the intellectual property and industrial intelligence could lead to reduced shareholder value, shut down of the business and net financial losses. These are the issues impacting the global financial sector, not only because the main reasons are not identified or the disruption to the customer is immediate, but also because they can result in a significant loss of money.

Comprehending the seriousness of the security risk is only a beginning. Financial institutions must establish an in-depth security intelligence strategy that would enable the financial institutions to have an insight into the perceived threats.



Financial institutions leverage top-notch analytics to get an understanding of:
The types of attacks that are occurring.
The probable source of the attacks.
The technology used by the cyber criminals.
Weak spots that could be exploited in the future.
Financial institutions must implement the following practices to get the balance between the required innovation and the related risk:

Establish a risk-conscious culture

An organizational transformation with an emphasis on zero tolerance towards a security failure must be established.
An initiative encompassing the organizational hierarchy to execute smart analytics and automated response competencies is needed to identify and resolve issues.
Safeguard the Working Environment

The functions in distinct devices must be examined by a centralized authority and the wide array of information in an institution must be categorized, tagged with its risk profile and circulated to the concerned personnel.

Security Design

The greatest problem with the IT systems and the unnecessary costs is from executing services initially and looking at security afterwards. Security has to be a part of the application from the first phase of design.

Ensure A Safe Environment

If the system is secure, security personnel can monitor every program that's functioning; ensure it is ongoing and operating at optimal level.

Manage the Network

Organizations that route approved data through controlled entry points will be in a better position to identify and separate the malware.

Cloud Based Security

To prosper in a cloud scenario, organizations should possess the technology to operate in a secluded environment and track probable issues.

Involve Vendors

An organization's security strategy must also involve its vendors and efforts must be made to establish the best practices among the vendors.

Financial firms have been a major target for malware attacks. Several aspects are impacting the financial sector. The direct connection between the breach of several personally identifiable information (PII) to the profitability has not been lost on the global financial stakeholders. This has led to the implementation of several global security projects.

Financial institutions that can transform radically at a fundamental level, the way they function would be safeguarded.

The aim of enterprise security could initially emphasis on IT structures, it must be extended from the technology personnel & their systems to each individual within the organization, and all the stakeholders conducting business with it.

Financial firms must comprehend the data that they have, which must be made available to the system, where they can compare and develop a real understanding of the actual threats and contingencies that may compromise the business.