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Because financial services organizations are at an inherently greater risk due to the sensitive nature of the data they store, and the often-monetary motivations of cybercriminals, they are keenly aware of the damage that can result from a data breach. Data shows that the financial services sector was the most frequently targeted industry in 2016, with attacks increasing 29 percent year-over-year. In light of these attacks, along with increased government regulations, financial services firms are ramping up their security measures. In fact, a... [Read More]
by RSS Bill Hogan  |  Aug 10, 2017  |  Filed in: Industry Trends
Network security has become increasingly complicated for financial services providers due to the popularity of the Internet of Things (IoT) and consumer desire to access valuable data on various mobile devices. [Read More]
by RSS Bill Hogan  |  Aug 03, 2017  |  Filed in: Industry Trends
One of the biggest security challenges organizations face is sorting through solutions from literally hundreds of vendors in the IT market to find the one that is going to provide them with the best protection at a cost they can afford. Each of these vendors claims to solve critical security issues, and they use volumes of white papers and marketing campaigns to promote their solutions. Of course, proper security is essential. As networks continue to expand and become more complex, organizations are increasingly reliant on effective... [Read More]
by RSS John Maddison  |  Jul 26, 2017  |  Filed in: Business and Technology
Ransomware has recently reasserted itself into the public eye in a big way. The May cyberattack carried out by the malware WannaCry was one of the worst ransomware attacks ever, affecting over 300,000 computers operating MS Windows around the world. Unfortunately, the attack has once again demonstrated that far too many organizations do not have an effective security protocol in place, or do not take it seriously until after disaster strikes. In this case, the Microsoft vulnerability exploited by WannaCry had been patched in March, but many users... [Read More]
by RSS Amy Thompson  |  Jul 11, 2017  |  Filed in: Industry Trends
By now, you will have all heard about the rampant spread of ransomware through countless press pieces, blog articles, and far too often, the outrageous claims of some security vendors. But let’s stop and think for a minute or two. How did these attacks happen? Are companies focusing on valid threats, fixing the right problems, or developing correct processes? Have so-called disruptive technologies disrupted our thinking? Let’s not go tactical. Instead, we need to consider, “what is our best strategy?” Ever since the... [Read More]
by RSS Michael Xie  |  Jul 06, 2017  |  Filed in: Industry Trends
Security and IT professionals at large enterprises across all industries are faced with the daily task of having to secure an expanding attack surface. Vulnerable points of entry used to live within the organization’s walls, where firewalls and inline security tools could protect them. But networks have now evolved into a constantly evolving, borderless environment thanks to cloud usage, the Internet of Things (IoT), and an increasingly mobile workforce. Technological advances, paired with a surge of digitally savvy employees flooding the... [Read More]
by RSS Bill Hogan  |  May 12, 2017  |  Filed in: Industry Trends
Far too often, security tools are wrapped in marketing language that doesn’t always effectively communicate—or sometimes, even intentionally obscures—what a device or tool is able to do. Visit any security trade show and you are going to be overwhelmed by devices claiming to be “cloud enabled” or that offer “advanced threat intelligence.” But what do those terms mean? The same is true for entire classes of products. [Read More]
by RSS John Maddison  |  May 11, 2017  |  Filed in: Business and Technology
Today’s cybersecurity threats target all parts of the network and nearly every device attached to it, making the potential threat landscape virtually boundless. When you pair technically skilled criminals with the attractiveness of financial data, trying to keep information safe is a constant battle. With this in mind, organizations like the SEC and FINRA have developed initiatives to help guide the financial services industry towards success, and at the same time, to also hold breached organizations accountable if they were inadequately prepared. SEC... [Read More]
by RSS Bill Hogan  |  Apr 27, 2017  |  Filed in: Industry Trends
The cloud, Internet of Things (IoT),  mobility, and big data analytics are four primary trends that are driving change, and financial services organizations are being tasked to keep up. While digital business is simplifying life for the users of financial services, companies are being forced to deal with these trends’ impact on the makeup and footprint of their security solutions. The need for an architecture and strategy that is fully suited to support these trends is paramount to success. As a result, today’s financial services... [Read More]
by RSS Bill Hogan  |  Apr 14, 2017  |  Filed in: Industry Trends
FortiGate 7060E – Delivering Layer 7 Security without Performance Compromises In today’s cloud scale data centers, security is front and center. The changing threat landscape, more and increasingly diverse threats, and much larger attack surfaces have made security top of mind for CIOs and IT teams worldwide. Networks are undergoing a radical transformation. With over 35B IoT devices attaching to networks, and a global cloud revolution fueled by a hyper-connected digital economy and driven by data, by 2020 almost all traffic entering... [Read More]
by RSS Rajoo Nagar  |  Apr 10, 2017  |  Filed in: Industry Trends