Banking & Finance — Opinions

Five Ways to Reduce the Cost and Complexity of Cyber Security

If it seems there are more cyber-security breaches in the news recently, there’s a reason. The volume of breaches grew at an alarming 48 percent in 2014, according to a recent global study by PwC. The study also found that total financial losses from security breaches increased 34 percent during 2013. One of the most staggering findings was that the number of organisations reporting financial losses over $20 million as the result of a cyber-attack grew by 92 percent over the previous year.

Paul Lipman | 28 Apr | Read more

Is your Board Cyber Ready?

Over the last few years the topic of cyber security has gone mainstream. It’s now being actively discussed in boardrooms. The years 2012-2014 will go down in history as a period when many major corporations were breached, with the Sony Pictures hack becoming a landmark moment—nation-state actors got involved and executive orders authorising political sanctions were issued.

Puneet Kukreja | 26 Mar | Read more

How SSL encryption gives a false sense of security

Major web browsers and many web sites rely on the Secure Sockets Layer (SSL) protocol, which encrypts confidential information, such as credit card numbers, before sending them securely over the internet. SSL encryption ensures that email, e-commerce, voice-over-IP, online banking, remote health and countless other services are kept secure.

Ananda Rajagopal | 03 Mar | Read more

Integrated Threat Defence: Joining Forces to Defend Against Cyber Attacks

Today’s security landscape is constantly changing. Attackers are becoming more sophisticated and nimble, leading to new threats and attacks evolving every day. Tailor-made, stealthy threats now routinely evade traditional, point-in-time security defences by using multiple attack vectors. Further, advanced attacks use whatever unprotected paths exist - often blending paths - to compromise targets. Cyber criminals continue to go to great lengths to remain undetected, using technologies and methods that result in nearly imperceptible Indications of Compromise (IoCs). At the same time, the attack surface is increasing because modern networks are evolving, extending beyond traditional walls to include public and private data centres, endpoints, virtual machines, mobile devices, and the cloud.

Anthony Stitt | 18 Feb | Read more

Password Protection: How Far Can Hackers Get?

For years, passwords have been the dominant means by which organisations authenticate customer access to online services. Password-based authentication is easy and familiar for customers, and is initially inexpensive for organizations to deploy at scale. But, while password-based authentication may be appropriate in some instances, it is no longer suitable for the wide range of services where it is currently being used.

Steve Durbin | 13 Jan | Read more

A Look Back At Information Security in 2014

With the major financial card breaches at global retailers, as well as a number of SSL/TLS vulnerabilities, it’s possible you may have missed a few other under-reported security issues that provided valuable lessons to the general technology community in 2014.

Thu Pham | 10 Dec | Read more

Identifying the visibility gaps in your security

‘Once more unto the breach’…When Henry V uttered those immortalised words in Shakespeare’s play; most enemy attacks were fought on the battlefield. Yet in modern times, many ambushes come in the form of cyber attacks that wreak havoc in the shadows. These data breaches affect all organisations, not just governments, and also more commonly small and mid-sized businesses.

Brett Moorgas | 10 Dec | Read more

Identity governance: It’s all about the people

New technologies like bring your own identity (BYOI) provide the agility that organisations need to compete in the digital economy, as Jan Zeilinga demonstrated in last month’s blog. But let’s not forget that getting the house in order is an important prerequisite to going “digital”. Employees and contractors need access to the right information to do their jobs, and organisations need to ensure that digital assets are used appropriately.

John Havers | 10 Dec | Read more

Buyer Beware: Five Cybersecurity Consumer Tips for the Holiday Season

Last year, news that US retailer Target’s point-of-sale systems were compromised resulting in the theft of more than 40 million payment card numbers hit Australian headlines. A steady stream of breach stories throughout the year further raised awareness of the issue in this part of the world. But given there are no mandatory breach disclosure laws in this country, you may be wondering ‘If my details were stolen, how would I even know?’ Practically speaking, you’re probably thinking ‘What can I do to protect myself this festive season?’

Chris Pogue | 10 Dec | Read more

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