Sift released its Q4 2020 Digital Trust & Safety Index: Holiday Fraud and the Shifting State of E-commerce, which revealed that fraudsters are executing larger and more targeted attacks this holiday season. Derived from Sift’s global network of over 34,000 sites and apps, the Index found the average attempted fraudulent purchase value rose to over $700 from October through November 2020, a 70% year-over-year increase during the same period in 2019.
Despite many companies' best efforts to combat cybercrime, it persists and is increasingly costly. Here’s a look at some of the latest technologies that may be able to turn the tide against malicious hackers because they can still deliver performance and function at the necessary scale.
As we have done in previous years, the Security magazine team compiled our favorite articles from this year. As we head into 2021, we hope you take a moment to review some of 2020’s top articles about lessons learned, thought leadership, security challenges and good practices.
The rise of high-profile data breaches and the implementation of data privacy laws have raised awareness that businesses and institutions rely on consumer information. While there is no single, comprehensive U.S. federal data privacy law, there are enough industry-specific compliance regulations in force in addition to HIPAA, the Fair Credit Reporting Act, the Gramm-Leach-Bliley Act, the Children's Online Privacy Protection Act, and a growing number of state privacy laws, that every organization needs to step up and recognize how subject rights requests fit into its data protection and cybersecurity policies.
The Institute for Security and Technology (IST) — in partnership with a broad coalition of experts in industry, government, law enforcement, nonprofits, cybersecurity insurance, and international organizations — is launching a new Ransomware Task Force (RTF) to tackle this increasingly prevalent and destructive type of cybercrime.
As companies think about how to navigate this new landscape of privacy laws and cybersecurity threats, here are a few major trends and predictions to consider:
CISA has updated AA20-352A: Advanced Persistent Threat Compromise of Government Agencies, Critical Infrastructure, and Private Sector Organizations, originally released December 17. This update states that CISA has evidence of, and is currently investigating, initial access vectors in addition to those attributed to the SolarWinds Orion supply chain compromise. This update also provides new mitigation guidance and revises the indicators of compromise table; it also includes a downloadable STIX file of the IOCs.
Meet Issak Davidovich, Vice President of Research and Development at C2A Security. According to Davidovich, the implementation of driver assistance technologies and cybersecurity goes hand-in-hand, and the auto industry is taking its first steps on creating in-vehicle security standards. Here, we talk to him about what this means for automotive cybersecurity.
In response to ongoing cybersecurity events, the National Security Agency (NSA) released a Cybersecurity Advisory “Detecting Abuse of Authentication Mechanisms.” The advisory provides guidance to National Security System (NSS), Department of Defense (DoD), and Defense Industrial Base (DIB) network administrators to detect and mitigate against malicious cyber actors who are manipulating trust in federated authentication environments to access protected data in the cloud.
The talent war is real, the strength in numbers favors our opponent, we now have the original digital transformations we were planning pre-COVID, and now we have additional transformations that we have to take on to enable a distributed workforce that was previously never a consideration. There simply are not enough properly equipped resources to meet global demand, and even then, an organization is only as strong as its weakest analyst. The adversary knows that and, leverages the vulnerabilities in human behavior to advance their position in the “infinite game” of cyber warfare.
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