It's been nearly seven years since HSBC was fined $1.9 billion by U.S. authorities for money laundering violations involving international drug cartels. But Everett Stern, the former employee who blew the whistle on the bank, continues to tell his story because he believes similar criminal activity is ongoing.
Technology is making fraud faster to commit, but key methods remain unchanged, says Kenneth Citarella of Guidepost, who provides insights on fraud prevention strategies.
Phishing remains one of the most significant attack vectors, and security automation, orchestration and response, or SOAR, can help minimize the threat, says Myke Lyons of ServiceNow.
Strong business resilience metrics for measuring effectiveness, simpler networks and smaller tool sets are all needed to cope with the evolving threat landscape, says retired Major General Earl Matthews, senior vice president at Verodin.
Organizations need to go far beyond putting security software on mobile devices and develop a much broader mobile security strategy, says Michael Covington of Wandera.
Faced with the increasing sophistication and maturity of cyber threats, CISOs and security teams need to devise ways to better cope with the high-stress environment, says Webroot's Gary Hayslip,
The quality of authentication provided by behavioral biometrics is improving, says James Stickland, CEO of Veridium. Nevertheless, he says, "we haven't reached a maturity level where it is used as an explicit form of authentication, but it's certainly now deemed as an implicit form of authentication."
DDoS attacks are getting larger in size and shorter in duration at a time when multicloud environments, which lack a single point of monitoring, are becoming more common, says Ashley Stephenson, CEO of Corero Network Security, who offers risk management insights.
Jason Costain of the Royal Bank of Scotland and Brett Beranek of Nuance Communications share a real world example of mitigating fraud with voice biometrics in a call center.
Ex-black hat Alissa Knight recently joined Aite Group's new cybersecurity practice, and among her first tasks: a hard look at the security of major financial institutions' mobile banking apps. The results may surprise you.
Traditional security processes and controls don't translate cleanly to containers, says Sabree Blackmon of Docker, who does not recommend treating containers as virtual machines to help maximize the benefits.
How can an enterprise without a traditional perimeter understand and defend against orchestrated attacks designed to evade detection? JP Blaho of NETSCOUT Arbor offers insights on how to gain visibility.
In addition to relying to heavily on anti-virus and anti-malware tools, small and midsize enterprises lack the resources or expertise to catch new and sophisticated forms of attacks, says Dell's Brett Hansen, who offers strategic insights.
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