Two separate attacks on banks in the United States and Pakistan revealed this week highlight once again the inherent weakness of a security practice that relies on passwords or knowledge-based credentials to protect critical information.
In this industry perspective, Thomas Hofmann of Flashpoint says that sensational coverage of advanced persistent threat (APT) actors does little to help small and mid sized firms defend their IT environments from more common threats like cyber criminals. The key to getting cyber defense right is understanding the risks to your firm and prioritizing investments to protect critical IT assets.
In this industry perspective, Thomas Hofmann, the Vice President of Intelligence at the firm Flashpoint* warns that the effects of data breaches can often be felt months or years after the actual incident, as stolen data bubbles up in underground marketplaces. He has three pieces of advice for companies that want to develop an incident response plan that mitigates the damage of breaches in the short term and over the long term.
Equifax on Thursday disclosed that 2.4 million additional customers had information stolen in a 2017 cyber attack. The company said it overlooked the victims in prior forensic analysis of the incident.
Trend Micro said that it is partnering with the electronics firm Panasonic to secure in-vehicle infotainment (or IVI) systems in connected cars.