Telephony fraud is a significant challenge. Companies of all sizes and industries are subjected to the malicious usage of voice and SMS with the intent of committing financial fraud, identity theft, denial-of-service, and a variety of other attacks. Businesses that fall victim to fraud can incur significant financial losses, irreparable damage to their reputation, and legal implications.
The Fourth Industrial Revolution, with its accelerating pace of digitization and automation, means that organizations are becoming more dependent on data processing and connectivity to deliver value to their customers and stakeholders. Threat actors exploit this growing attack surface to achieve their aims: fraud, extortion, harassment, espionage, and other harms. They are smart, adaptive, and ruthless—and getting rich as a result.
Banks have invested countless millions in Know Your Client and Know Your Customer verification, but they haven’t been able to use this knowledge beyond regulatory “check the box” procedures that can irritate clients and even cause some of them to switch banks. However, things don’t have to be this way.
If you’ve been in the realm of penetration (“pen”) testing in any capacity for any length of time, you’ve probably experienced the conversations around inconsistent pen testing results across teams or vendors. This isn’t anything new in the pen testing world. The conversations probably ranged from friendly internal team banter to more serious discussions with external vendors on pen testing program success metrics. Is this a case of mistaken identity?
In a watering hole attack, threat actors usually have to follow a series of steps. First, they need to research the target and make sure they know the type of website the potential victim frequents. Then, they attempt to infect it with malicious code so that when the victim visits it, the website exploits a vulnerability in the browser or convinces them to download a file that compromises the user device.
There are already so many words and concepts in information security: why do we need another one? And indeed ‘attestation’ is already used in several industry contexts with many subtly different meanings: what do we gain by overloading it?
The massive increase in cyberattacks and the rapid evolution of advanced criminal techniques requires every single business in any sector to take protective measures to strengthen its cyber perimeter and minimize risk. To deal with this peril, businesses must incorporate security measures and comply with security standards and regulations to improve their cybersecurity defenses for their assets, revenue, and reputation.
It’s old news, but data is – and will remain for the foreseeable future – king. It has to be dealt with and handled responsibly, assigned to the right boxes, and stored properly. Why? Because everyone wants it, and there are increased efforts to obtain it by ever-more sophisticated and subtle bad actors. You wouldn’t put a piece of junk mail in a high security vault. Nor would you trust a crown jewel to a locked desk drawer.
As your business grows and your services scale in number and complexity, it’s difficult to maintain a rapid pace of innovation while keeping your applications secure. It’s particularly challenging to respond to attacks, as DevOps and security teams need to collaborate to understand each attack’s root cause and remediate the vulnerabilities that enabled it.
