Best-of-Breed Deception Technology Gets Nod from Microsoft Ventures

Posted by Maureen McCormick on Jan 24, 2017 4:02:48 PM

Cybersecurity start-ups have seen a slowdown from investment firms.

Based on an article published by Fortune, private investors pumped $3.3 billion into 229 cybersecurity deals in 2015, according to data from CB Insights.  But the slowdown of funding started to build early last year and investments became extremely difficult to secure in the second half of 2016.   Investors are looking for unique solutions with a broad range of products and services.  

Today, we’re proud to announce a strategic investment by Microsoft Ventures.

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New Cyber Thefts: Global Banks in the Crosshairs

Posted by Maureen McCormick on Dec 14, 2016 9:02:12 AM

Cyber criminals continue to coordinate advanced attacks on banks and financial institutions.  An exclusive Reuters news alert confirms new cyber thefts and advanced hacking techniques have been uncovered and a letter from SWIFT reported, “We unfortunately continue to see cases in which some of our customers’ environments are being compromised.”

Prediction:  In 2017, well orchestrated and targeted attacks on global inter-banking networks will continue to rise due to the sophistication of cyber attackers, outdated systems and new inspected security controls not expected until January 2018.

How can financial institutions combat against these well funded, targeted threats?  Read on to learn more …  

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Introduction to Digital Forensics & Incident Response (DFIR)

Posted by Hadar Yudovich on Dec 13, 2016 8:53:42 AM

Practically, conducting digital forensics analysis is the procedure of investigating security alerts or suspicions of malicious activity in a computer network.

I like to think of DFIR as a procedure analogous to a military debriefing.
When fighter pilots return from an operative mission, they immediately conduct a debrief, which covers the objectives, what worked and what didn’t, and exactly how the next mission will be improved upon to complete each objective.  Digital Forensics is really no different and here's why ...

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2016: A Year of Global Cyber Heists and Lessons for 2017 

Posted by Shlomo Touboul on Dec 7, 2016 1:30:00 PM

2016 will be remembered as a record year for bank cyber heists - a record likely to be broken in 2017.

Over 11,000 financial institutions, from 212 countries, use SWIFT, the global provider of secure financial messaging services, every day to transmit billions of dollars globally.  2016 showed a notable increase in sophisticated cyber heists targeting some of these financial institutions, with more than a dozen banks worldwide reporting a breach of their connection to the wire transfer network.

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Advanced Cyber Attacks On Banks: Are Your Wire Transfer Networks Secure?

Posted by Shlomo Touboul on Oct 4, 2016 4:02:47 PM

Cyber criminals are coordinating advanced attacks on banks and financial institutions. If funds and customer information are stolen, it could compromise your institution’s reputation for years.

Recently, these increasingly sophisticated attackers have turned their attentions to wire transfer networks. The February 2016 attack on Bangladesh Bank revealed a sobering truth: the weaknesses in one bank’s cyber defenses compromise the security of all banks in that bank’s wire transfer network.

Do you have protections in place for when cyber criminals get past your firewall?

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7 Dangerous Ransomware Families and How to Defend Against Them

Posted by Shlomo Touboul on Sep 12, 2016 8:00:00 AM

 The subject of ransomware no longer needs an introduction. We recently looked ahead to the Advanced Ransomware Threats (ARTs) of the future, but it’s equally important to look at the topic at a lower level to understand the ransomware families that are threatening your organization.

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