The geopolitical upheavals of the last few years have led to a huge uptick in cybercrime driven by nation-state threat actors. Cyberwarfare has become new age terrorism, and critical infrastructure industries such as healthcare are taking the brunt of the risk, said Yevgeny Dibrov, CEO at Armis.
Networking was created as a "trust everything" approach that "doesn't know who you are, doesn't know your content or why you're doing it." In the future, according to John Maddison, CMO of Fortinet, all that connectivity will be secure, and the market for secure networking will become bigger.
Cybercriminals are becoming increasingly innovative and shifting toward more targeted and destructive attacks, using wiper malware, which was previously only used by APT-focused, nation-state actors. Also, ransom payment demands are reaching seven to eight figures.
Now in its 10th year, the Thales Data Threat Report outlines and quantifies the key threats faced by the global cybersecurity industry. Ransomware continues to be a growing threat but, surprisingly, more than half of respondents have no defense plan in place, said Thales' Todd Moore.
Effectively leveraging threat intelligence can be very difficult when an organization does not know its environment thoroughly. In such a case, the challenge for the organization is to identify its weaknesses, according to Christian Lees, CTO of Resecurity.
It's getting harder to distinguish between normal and unusual threat activity, with more sophisticated attacks exacerbated by hybrid work and, soon, AI attacks. Defenders need correlated rather than isolated telemetry to get more signal and less noise, say Jeetu Patel and Tom Gillis of Cisco.
The threat posed by cybercriminals and fraudsters creates shared risks across the financial services industry including fintech companies. But fintech firms can balance rapid innovation with security and work with each other and governments to repel attackers, said Razorpay CISO Hilal Lone.
The way we secure workloads today is vastly different due to remote work and the move to the cloud following the pandemic. More modern SASE solutions such as zero trust have been adopted, and organizations are moving from legacy such as MPLS to software-defined networking and cloud-based solutions.
Policy buzz around RSA Conference 2023 is centering on the new National Cybersecurity Strategy that seeks to hold software makers liable for security flaws. While federal officials say the industry will embrace the new rules, some are talking about the lobbying and legal challenges ahead.
Point32Health, which provides health plans to millions of New Englanders and is Massachusetts' second-largest health insurer, is still struggling to recover 10 days after it identified a ransomware attack that forced the company to take many of its IT systems and functions offline.
An affiliate of the Russian-speaking Clop ransomware-as-a-service gang and the LockBit cybercrime group are each exploiting vulnerabilities in popular print management software. PaperCut began urging customers to update their software earlier this month after customer reports of suspicious activity.
Federal authorities warn that hackers could take over genetic testing devices manufactured by Illumina, although neither the manufacturer nor the Food and Drug Administration has received reports of attacks. The vulnerabilities affect Illumina's Universal Copy Service software.
Everyone has their favorite threat intelligence feeds, and information sharing is a must between public and private sectors. But don't overlook the power of cyber human intelligence, says Michael DeBolt of Intel 471. In fact, HUMINT is an imperative, not an option, he says.
The shift to remote work by many organizations and their IT teams during the pandemic has created more data points, as well as more vectors for attacks and compromises involving insiders, warned Vivin Sathyan, senior technology evangelist, ManageEngine, a division of Zoho Corp.
Automated XDR platforms are increasingly sought after as organizations grapple with tool sprawl and the complexity of their security stack. But is there a risk of XDR platforms becoming a single point of failure? Microsoft Senior Director Scott Woodgate emphasized building "resiliency" for XDR.
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