Remove Banking Remove Big data Remove Firewall
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SHARING INTEL: Here’s why it has become so vital to prioritize the security-proofing of APIs

The Last Watchdog

Thompson was thus able to manipulate APIs and command line interfaces (CLIs) to a number of bank systems, including S3 buckets holding valuable data. Many organizations, for instance, continue to rely heavily on legacy firewalls and WAFs, which, of course, is precisely where Capital One went wrong.

Big data 240
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NEW TECH: Exabeam retools SIEMs; applies credit card fraud detection tactics to network logs

The Last Watchdog

Launched in 2013 by Nir Polak, a former top exec at web application firewall vendor Imperva, Exabeam in just half a decade has raised an eye-popping $115 million in venture capital, grown to almost 350 employees and reaped over 100 percent revenue growth in each of the last three years. Here are a few takeaways: Very Big Data.

Big data 157
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Berkshire Bank Banks on Salt for API Protection

Security Boulevard

It’s cool to win banks as customers – it’s even more cool when they go public with the news ! The combination of working under extensive regulations and the criticality of protecting customers’ sensitive financial data sets the bar for security pretty high. He’s a pragmatist, and he gets things done quickly.

Banking 52
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NEW TECH: How ‘cryptographic splitting’ bakes-in security at a ‘protect-the-data-itself’ level

The Last Watchdog

Here are key takeaways: Security benefits Protect the data itself. Yet in the age of Big Data and digital transformation many organizations still don’t do this very well. Equifax lost data for 148 million citizens. For a full drill down, give a listen to the accompanying podcast. Sounds simple enough.

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NEW TECH: Human operatives maintain personas, prowl the Dark Net for intel to help companies

The Last Watchdog

Our growing fixation with leveraging artificial intelligence to extract profits from Big Data – for both constructive and criminal ends—is the order of the day. Or ask Capital One, which failed to lock down an S3 bucket from which a former Amazon staffer allegedly light-fingered records for 100 million bank patrons.

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Cyber Security Awareness and Risk Management

Spinone

Social engineering attacks , including phishing, spam, and viruses introduced via clickable links within e-mail affected 80% of the banking institutions in 2016. Insiders with privileged access expose companies to the most dangerous cyber threats , and damage the most valuable and sensitive corporate data.

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How to Protect APIs

Security Boulevard

APIs make it possible for you to check your banking account balances, order food delivery, or schedule transportation from any location and at any time. Traditional front line, proxy-based security solutions, like a WAF, work well at stopping these types of attacks; WAFs look for known patterns and act as a firewall, blocking the known bad.