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The Long and Winding Road to Cyber Recovery

A call for industry coordination around DLT security

stephen scharf
Stephen Scharf
July 28, 2020

As the financial services industry moves toward an ever-greater dependence on technology, we must always keep an eye on the future to ensure that any new technological advancement or implementation delivers the same, if not better, benefits and risk management capabilities. One emerging area that has garnered a lot of attention in recent years is Distributed Ledger Technology (DLT). While DLT holds great promise, there is currently no clear path around how to implement the technology in a way that addresses documented and evolving security risks.  


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coronavirus

Counterfeits and quality control in a crisis

steve maul
Steve Maul
July 28, 2020
Counterfeiters do not take time off. At its core, counterfeiting preys upon our vulnerabilities and takes advantage of the average customer at any cost. This is particularly true right now during the coronavirus pandemic, the most inconvenient and vulnerable moment in generations. In the midst of mass shortages and colossal demands for certain products, especially in the health field, the counterfeit community has seen a golden opportunity. Over the past few months, tens of millions of new counterfeit products have been seized or identified on the web. These include fraudulent face masks, ventilators, disinfectants and testing kits.
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EDPB issues guidance for cross-border data transfers in wake of Schrems II judgment

The EDPB’s FAQs resolve some open questions, such as whether there will be a grace period for companies relying on Privacy Shield, but raise other questions, such as what “supplementary measures” companies need to put in place to use Standard Contractual Clauses and Binding Corporate Rules.
david stauss
David M. Stauss
July 28, 2020
In the wake of the Court of Justice of the European Union’s Schrems II judgment, on July 23, 2020, the European Data Protection Board (EDPB) adopted a Frequently Asked Questions document to “provide initial clarification and give preliminary guidance to stakeholders on the use of legal instruments for the transfer of personal data to third countries, including the U.S.” The EDPB stated that the document will be updated, and further guidance provided, as it continues to examine and consider the judgment. The six-page FAQs provides the following guidance.
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Implementing Zero Trust with FIM and SCM

chris hudson
Chris Hudson
July 27, 2020
Zero Trust model creator John Kindervag puts it like this: “The point of Zero Trust is not to make networks, clouds, or endpoints more trusted; it's to eliminate the concept of trust from digital systems altogether.” He came up with the model in 2010, at a time when many businesses were just beginning to put foundational cybersecurity controls in place and over-relied on the assumed security inside their enterprise-owned network boundaries.
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Gaps in Cybersecurity Programs

The risky door that telecommuting can open to your network

Benny Lakunishok
Benny Lakunishok
July 24, 2020
With telecommuting here to stay, now is the perfect time to re-examine just how much network access you are giving your users and machines. You might be shocked to see how open your network really is. Most organizations allow more access than their users or machines will ever need or should ever have – this excessive trust is what allows attackers who get into the network to spread and cause a lot of damage.
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Big data

Goodbye, honeypots – Hello, true deception technology

Wade Lance
Wade Lance
July 23, 2020
Honeypots were the first form of deception technology. IT security researchers started using them in the 1990s, with the intent to deceive malicious actors who had made it onto the network into interacting with a false system. In this way, honeypots could gather and assess the behavior of the malicious actors. They were not created for threat detection. However, things have changed a great deal in the years since honeypots were created – including deception technology.
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