Big Data

Fraud

Will Big Data Transform Fraud Detection? | SmartData Collective

The folks over at Smart Data Collective have an interesting story today on Big Data and its (expected) impact on a variety of industries and business practices. Fraud (and fraud detection), it turns out, may be one area that is transformed by better data analytics. According to the article, by Monte Zweben, fraud analytics are posed to be transformed not just by “Big Data,” but by better and faster analytics. The article looks at a variety of industries, including consumer marketing and logistics that stand to benefit from the growth in data and data analytics. Fraud detection is one of them. Zweben cites statistics on the growth of fraud as a global problem. Kroll’s most recent Global Fraud Report found the number of companies falling victim to fraud has increased to 70 per cent. Credit card companies were among the first to embrace “Big Dat” analytics to spot irregularities in patterns of charges […]

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vArmour

With $42m Invested, vArmour uncloaks with Software Defined Security

In the old days, startups would pull together funding from a small group of early “angel” investors and rush to get a product – any product- to market as soon as possible. The idea was to prove viability in the hopes of attracting larger investments that would let you actually develop the product you really want to sell. But that doesn’t work well for companies that want to solve really hard problem. Such projects, justifiably, need a longer runway that isn’t suited to vaporware or rapid product iteration. vArmour Networks, a Mountain View-based startup that emerged from “stealth” mode yesterday, is a good example of that latter kind of start-up. The company has already raised $42 million in three rounds, dating back to January, 2013. It is offering technology to tackle a vexing product: how to secure the information flowing within and between the growing ranks of virtual data centers. With […]

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How Big Data holds the Key To Securing the Internet of Things

I’m seeing a lot of pre-conference promotion of content from the big Internet of Things Expo out in Santa Clara in early November. One interesting presentation that is worth checking out (the slides are already online) is James Kobielus’s talk on how IT professionals should address the security challenges of IoT. Kobielus is IBM’s program director for Big Data analytics product marketing. In his presentation, he tackles the question of whether the Internet of Things is (to use his words) “too big, diverse, pervasive,  and dynamic to secure comprehensively?” [Read our coverage of Internet of Things security here. ] After all, history will show that we’ve done – at best – a so-so job of securing the Internet of machines. How will adding a few zeros to the number of connected endpoints make things better? IoT will undermine even the tenuous walls we’ve built around our existing IT infrastructure: moving us to a […]

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New England IoT: A Conversation Next Week On Cloud, Security and Internet of Things

One of the challenges of talking about security in the context of Internet of Things is that the Internet of Things (IoT) isn’t a discrete technology, but an umbrella phrase that encompasses a lot of separate innovations: mobility, inexpensive sensors, wireless connectivity, Big Data and so on. One of the biggest moving parts in the IoT puzzle is cloud computing. Cloud infrastructure – whether its Amazon’s Elastic Compute Cloud (EC2) or Google or any of the thousands (millions?) of private cloud – is the back end for almost every IoT product. That presents both opportunities and real challenge for companies that are looking to leverage IoT in their workplace. Next week, I’m going to moderate a panel at an event here in Boston where we’ll tackle some of these issues head-on. The event: The Connected Cloud Summit is taking place in Boston on Thursday, September 18 at The State Room in downtown Boston. […]

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Popular Web Sites Still Getting Gamed in SEO Attacks

In this post, Security Ledger contributor Or Katz of Akamai provides details of how malicious actors are abusing redirect vulnerabilities in popular web sites to boost the reputation of malicious sites they control. One recent attack involved the compromise of some 4,000 vulnerable web applications for the purpose of pumping up the search engine ranking of more than 10,000 malicious web sites, Katz reveals. 

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