Frost & Sullivan focuses on the future of cyber security | #TpromoCom #Report #Security #CyberSecurity | As cyber crime becomes more sophisticated and even a method of warfare, technologies such as machine learning, Big Data, and blockchain will become prominent. The rise of the Internet of Things (IoT) has opened up numerous points of vulnerabilities, compelling cyber security companies, especially startups, to develop innovative solutions to protect enterprises from emerging threats.
“Deploying Big Data solutions is essential for companies to expand the scope of cyber security solutions beyond detection and mitigation of threats,” said Hiten Shah, Research Analyst, Techvision. “This technology can proactively predict breaches before they happen, as well as uncover patterns from past incidents to support policy decisions.”
Frost & Sullivan’s recent analysis, Envisioning the Next-Generation Cybersecurity Practices, presents an overview of cyber security in enterprises and analyses the drivers and challenges to the adoption of best practices in cyber security. It also covers the technologies impacting the future of cyber security and the main purchase factors.
“Startups need to make their products integrable with existing products and solutions as well as bundle their solutions with market-leading solutions from well-established companies,” noted Shah. “Such collaborations will lead to mergers and acquisitions, ultimately enabling companies to provide more advanced solutions.”
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Security Leaders Are Fallible, Too | #TpromoCom #Security # | We’re only human; we all make mistakes sometimes. Every aspect of securing, defending, and attacking has a human element, an element that profoundly affects all the other components and guarantees that there can be no silver bullet in cybersecurity. We need to factor in human error as part of the cybersecurity process.
This is the premise of the article series we kicked off recently, addressing cybersecurity and the human element from six perspectives of fallibility: end users, security leaders, security analysts, IT security administrators, programmers, and attackers. Last time, we addressed the truth about end users. This time, we cover security leaders.
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Forensic technology to prevent fraud arrives at Mobile World Congress | #TpromoCom #Mobile #Event #Fraud | Valida by Gradiant detects manipulations in any type of digital document within user verification and KYC processes through AI-based forensic techniques ‘4 Years From Now (4YFN)’ is the startup business platform of Mobile World Congress in Barcelona Gradiant’s innovation in forensics technology to detect manipulation in multimedia documents showcases at 4 Years From Now (4YFN), the startups business platform at Mobile World Congress in Barcelona. From February 25th to 27th, Gradiant presents Valida at booth T3.1 (Spanish Pavilion, Montjuic Hall M8), a fully automatic forensic analysis technology to detect forgeries in digital documents.
Nowadays, we live in an increasingly digital environment in which customers do not have to be physically present to open a bank account or take out insurance on their vehicle. While this scenario provides great advantages for customers and businesses such as easy shopping and customer growth, it also carries security problems like fraud or manipulations of documents and user verification. This fact requires all companies with digital processes to implement advanced, reliable and easy-to-use solutions to prevent fraud, especially with digital on boarding and Know Your Costumers (KYC) processes.
Valida’s main goal is to evaluate the authenticity of digital documents to prevent fraud in online user verification, digital on boarding and Know Your Customer (KYC) processes. This technology developed by Gradiant, in collaboration with atlanTTic research center of Universidade de Vigo, allows companies to offer an extra level of security in this operations, as it automatically analyzes any type of identity document (and other PDF and JPEG files such as payroll, invoices, receipts, etc.) to detect possible spoofing attacks and forgeries in the data present in these files. Now, Valida arrives at the largest worldwide mobile technology event of the year.
Gradiant is not attending MWC-4YFN for the first time. As Daniel González, director of the Multimodal Information department of Gradiant, explains “MWC-4YFN is the biggest technology event of the year and to be in Barcelona for the second year in a row confirms the value of our technologies and the Spanish R&D potential to be at high international innovation level”.
Valida, Artificial Intelligence (AI) to detect forgeries whether or not a document has been manipulated” stated González, who highlights “this is an important innovation in the current digital world, where companies carry out thousands of users and files verifications every day. Besides, it is not necessary to have the original document to detect modifications with Valida”.
Valida is an effective solution for companies with document verification processes. This technology automatically detects forgeries produced in digital documents. By using forensic AI-based techniques, our technology analyzes the document and show the manipulated areas, through a heat map that clearly indicates where the forgery has taken place.
Valida supports all types of identity documents and nationalities: passports, identity documents, driving licences, etc. without specific adaptations. In addition, it does not require connection to external databases (e.g. identity document databases) to detect modifications and also warns if a document has been captured from a screen (and is therefore not a photo taken from original document).
Specially designed for fintech and insurtech
Remote and secure user identity verification has become a must-have for digital business. This fact makes it essential to develop advanced, reliable and easy-to-use solutions to prevent fraud, especially in digital onboarding and KYC processes. Fintech and insurtech companies with online processes already need mechanisms to authenticate and verify the thousands of documents they daily receive in digital processes.
Valida allows companies to offer an extra level of security in such operations by analysing an ID document image or a payroll and detecting spoofing attacks just in a few seconds, thus combating fraud and avoiding losses.
Gradiant has been developing for ten years technology related to the protection and identification of different types of files to provide multimedia security in different areas, such as the authenticity of printed documents with Signed or the traceability of printed documentation to identify the person responsible for the custody of a document in filtration cases, with Shadow.
Hackers That Stole Millions From Crypto Firm Planned the Attack Chatting On the Game PUBG | #TpromoCom #Hackers #Hacker #CyberCrime | The cybersecurity agenda remains one of the main concerns that prevent financial institutions and users in general from adopting cryptocurrencies as a viable option for making transactions and saving money with the confidence of knowing that their funds are “in good hands.”
After the scandal surrounding the Cryptopia hack, a new case of theft with multimillion-dollar losses was reported in Turkey. According to an article in the local newspaper The Daily Sabah, a group of hackers stole more than 2.47 million dollars from a cryptocurrency company in Istanbul.
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“Personally, I doubt very much that any Central Bank would want to truly adopt one of the digital currencies that have become so popular as of late,” says Al Colombo, Senior Design Specialist and a security SME (Subject Matter Expert). “The basis for a cryptocurrency was, and continues to be to avoid doing business with traditional banks that control the currency.”
According to an article on Wikipedia, which lends credence to the idea that Central Banks have not embraced cryptocash because it cannot attach value to it, “In centralized banking and economic systems such as the Federal Reserve System, corporate boards or governments control the supply of currency by printing units of fiat money or demanding additions to digital banking ledgers. In case of decentralized cryptocurrency, companies or governments cannot produce new units, and have not so far provided backing for other firms, banks or corporate entities which hold asset value measured in it” (http://bit.ly/2IjFSZ7).
Hack Attack Breaches Australian Parliament Network | #TpromoCom #Hacker #CyberSecurity #DataBreach | Hackers have breached the Australian Parliament’s network, although investigators say they have found no evidence that attackers stole any data. (Please scroll down for more)
But the presiding officers of Parliament, in Canberra, said all users have been ordered to reset their passwords as a precaution.
“Following a security incident on the parliamentary computing network, a number of measures have been implemented to protect the network and its users,” Tony Smith, speaker of the lower House of Representatives, and Scott Ryan, president of the upper house, the Senate, said in a joint statement issued on Friday.
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US Law Enforcement Busts Romanian Online Crime Operation | #TpromoCom #Children #Police #SocialMedia | Twelve members of 20-person group extradited to US to face charges related to theft of millions via fake ads other scams.
US and international law enforcement authorities have dismantled a group operating mostly out of Romania that over the past five years allegedly stole millions of dollars from American citizens using false advertisements for goods online.
Twenty people, including 15 Romanians and 1 Bulgarian national, have been indicted for their roles in the operation. Twelve of the foreign nationals have been extradited to the US and are set to face trial later this year. The arrests stem from a 24-count indictment that a federal grand jury in Kentucky returned in July 2018.
This is the second win against online crime in recent weeks for US law enforcement and their counterparts in other countries. In January, the government announced it had taken down xDedic, one of the Internet’s largest sites for stolen goods.
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Ohio Senate Bill 220 Incentivizes Businesses to Maintain Higher Levels of Cybersecurity | #ESC_LLC #CyberSecurity #Government #Regulation | In the last two years alone, there has been a number of high-profile breaches that have given organizations pause, asking them to consider whether the same kind of event could happen to them. After all, a cybersecurity breach could seriously damage or even level your business if you’re not prepared and do not have the appropriate security programs in place. We’ve seen the implementation of the NYDFS Cybersecurity Regulation, and recent breaches have led to serious fines, potentially in the billions, for violating GDPR.
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How Hackers Could Hit Super Bowl LIII | #TpromoCom #Hackers #CyberSecurity #Sports | Security threats and concerns abound for the year’s biggest football game. What officials and fans can do about it. Super Bowl LIII will draw the attention of millions of people around the world – and cybercriminals hoping to exploit attendees and fans before and during the big game.
Major sporting events are hot targets for cyberattacks. Consider the 2018 Winter Olympics, when attackers impersonated a North Korean nation-state group to target the Games and more than 300 associated organizations were hit with a phishing attack. Or the World Cup, when the Wallchart phishing campaign delivered malware under the guise of a game-related email.
The massive audience captivated by major sports games, concerts, political events, and similar large-scale gatherings gives attackers a perfect opportunity to strike. If they’re looking to launch a phishing campaign, they have a wealth of potential targets who will click links related to the event. If they want to cause disruption, millions of eyes will be watching when they do.
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