A surging Microsoft has leapfrogged to the top of the SIEM Gartner Magic Quadrant, catapulting past security operations stalwarts IBM, Splunk, Securonix and Exabeam. Microsoft has climbed from being named a visionary by Gartner last year to crushing the SIEM market in execution ability this year.
Since Zelle fraud has increased 109% in the United States, the banking industry is struggling to reduce authorized push payment scams. Ken Palla, former director at Union Bank, shares tips for combating fraudsters, including delays on large transactions, education and behavioral analytics.
The identity verification challenge for enterprises has become significantly more complicated due to mass digital transformation.
But behavioral analytics and anomaly detection, working together, can reduce both fraud and the friction that can come with traditional authentication methods.
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Alphabet's Google has purchased stand-alone security orchestration, automation and response vendor Siemplify for about $500 million in cash, to bolster the threat detection and response capabilities built into Google's Chronicle security analytics platform.
It is particularly challenging for financial institutions to catch authorized push payment fraud. But behavioral metrics can play a big role in detecting these incidents, says Steve Ledford of The Clearing House.
Legacy endpoint Data Loss Prevention solutions fall short in a number areas, including their invasiveness, resource intensity and heavy maintenance requirements due to false positives and need for constant tuning. In fact, a number of organizations have given up on their DLP solutions because it’s just too hard to...
Securing the remote workforce has become a critical priority for organizations affected by the closing of offices and workplaces in the wake of the ongoing COVID-19 pandemic.
Read this Remote Workforce Security Report reveals the state of securing the new workforce, key challenges and unique security threats faced...
What's needed to make a shift from traditional IAM to CIAM? To start, an organization needs to look at fraud detection solutions and risk-based authentication technologies such as device intelligence and behavioral biometrics, says David Britton of Experian.
An organization has successfully implemented a "zero trust" framework when it can achieve context-aware resolution of a risk, says Dr. Siva Sivasubramanian, CISO of SingTel Optus, an Australian telecommunications firm.
When implementing a cybersecurity risk framework, enterprises should use a structured approach to identity and evaluate and manage the risks posed by increased digital transactions during the pandemic, says Dmitry Chernetsky, global presales expert, Kaspersky-APAC.
Addressing digital payment security challenges requires having good identity verification capabilities as well as a strong authentication process that's friction-free for consumers, says Singapore-based Gautam Aggarwal, senior vice president and regional chief technology officer, Asia Pacific, at Mastercard.
Organizations are increasingly tapping behavioral analytics to help incident responders "correlate data from multiple sources and save time in the response workflow" - in other words, to more quickly detect and mitigate breaches, says Nick Bilogorskiy at Juniper Networks.
Now that it's been confirmed that an insider at Punjab National Bank paved the way for $1.8 billion in fraudulent transactions, RBI, the nation's central bank, is reiterating the need to strengthen security measures tied to SWIFT interbank transactions, and security experts are offering risk mitigation advice.
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