Account takeover and fraud schemes are costing consumers, banks, retail organizations, healthcare and other online businesses billions of dollars each year. What’s more, the cost of these attacks is on the rise—according to Riskified, losses from account takeover rose 122 percent from 2016 to 2017 and increased by 164 percent the following year.
For a long time, it may have seemed like consumers virtually had no power, and that businesses could do anything they want with individuals’ private information with nearly no repercussions – but that time is rapidly expiring. With increased state regulations, it is clear that businesses must step up their security game by pseudonymizing their data, rendering the data unidentifiable, so when that data travels across state lines and organizational boundaries, the data is still protected, as well as the business and its reputation.
Today, the average American leaves the house with a smartphone that has more computing power than the systems that landed humans on the moon. The Internet of Things (IoT) enables refrigerators to tell you that you’re running out of milk and cars to provide assisted driving. The reality is that the knowledge economy is in full swing, and the modern world’s relationship with technology has advanced to a state where nearly all aspects of our daily lives are touched by the internet.
As threats from the cyber and physical realms become increasingly prevalent and complex, enterprise security teams must arm themselves with an integrated approach to security operations—one that incorporates cybersecurity, physical security and advanced technologies such as artificial intelligence (AI) and machine learning.
The Internet Security Alliance (ISA) and The European Confederation of Directors’ Associations (ecoDa) announced a partnership to develop a handbook on cyber-risk management for European corporate boards of directors.
How is Mary Ludford, Vice President and Deputy Chief Security Officer for the Corporate and Information Security Services business unit at Exelon Corporation, mitigating and managing risk on a daily basis?
The Pentagon officially took over the federal background-check system, with a newly created Defense Counterintelligence and Security Agency (DCSA) inside the Defense Department now charged with reducing a massive backlog of clearances for employees and contractors, according to a news report.