When it comes to massive DDoS attacks powered by the likes of a Mirai botnet, "the sky is not falling," says ESET security researcher Cameron Camp. But organizations do need to prepare - and here's where to start.
With Verizon's data breach investigations team finding that 90 percent of breaches trace to a phishing or other social engineering attack, lead investigator Chris Novak says that using multifactor authentication should be a no-brainer for all organizations.
To meet the increasing customer demands for effective solutions, security vendors must ensure their products work together well, says Dr. Mike Lloyd of RedSeal. This is particularly essential to achieving "digital resilience," the ability to promptly detect and respond to network intrusions, he says.
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Attackers are increasingly targeting mobile channels, driving banks to seek better ways of verifying the authenticity and integrity of not just users, but also mobile devices and transactions, says John Gunn of cybersecurity technology firm Vasco Data Security.
Paid breach notification site LeakedSource has disappeared. Given the site's business model - selling access to stolen credentials to any potential buyer - breach notification expert Troy Hunt says the site's demise is no surprise.
Emerging insider threats have quickly proven that the proverbial "walled garden" is not so walled after all, and without true end-to-end encryption, insiders and outsiders can compromise sensitive data, says Dr. Phillip Hallam-Baker of Comodo Group.
Through a technique known as "retrospection," organizations can replay attacks, going back to scan their networks for malware identified after their networks were infected, says Ramon Peypoch of Protectwise.
Staying current in threat detection is key, which is why more security companies need to embrace a more open way of thinking when it comes to solutions integration, says Christopher Kruegel, CEO of Lastline.
As more IoT devices are compromised to wage large-scale attacks, related litigation and regulatory scrutiny will grow, which means device manufacturers - and users - could be held more accountable, says Richard Henderson, global security strategist at Absolute.
Increasing regulatory oversight is overwhelming smaller banks and credit unions, pushing them to continue to focus more on compliance than overall cybersecurity and resilience, says Sean Feeney, CEO of Defense Storm.
Risk analysis is at the core of most card fraud prevention platforms used today, says Carol Alexander of CA Technologies. But what if the industry could take the lessons it's learned to other channels, enabling banking institutions to more readily identify potentially fraudulent transactions before they happen?