Security News > 2021
A new report, developed by Aite Group, and underwritten by GIACT, uncovers the striking pervasiveness of identity theft perpetrated against U.S. consumers and tracks shifts in banking behaviors adopted as a result of the pandemic. According to the report, from 2019 to 2020, 47% of U.S. consumers surveyed experienced identity theft; 37% experienced application fraud.
The Biden administration has outlined its plan to address US government security in the wake of attacks on SolarWinds' Orion platform and Microsoft Exchange, with closer private sector collaboration the centerpiece of its response. The administration revealed its plans in a transcript of phone briefing call staged between members of the press and a speaker identified as a "Senior administration official."
During the past year, digital leaders deployed a remote workforce, engaged customers via contactless delivery and weathered various business disruptions throughout the year. Through investing in digital strategies and expediting transformation efforts, the leaders-defined as those with digital processes and mindsets in place-seized growth opportunities, established new business functions and outlined a future-forward path.
70% of financial services organizations are taking a strategic approach to identity verification to combat financial crime and stay one step ahead of fraudsters according to Trulioo. "The increase in fraudulent activity as a result of the pandemic isn't the sole driver for the change in how financial services companies approach identity verification, but it's a situation that has endorsed a 'front-foot' approach", said Zac Cohen, COO, Trulioo.
Over recent years, these kinds of attacks are increasing, fueling the demand for the best DDoS protection software solutions. According to the report of Market Research Inc, the DDoS protection Software Market is predicted to reach +14% CAGR by 2020 - 2028.
The addition of DFLabs to the Sumo Logic Continuous Intelligence Platform will provide customers of varying sizes and maturities with comprehensive cloud-native security intelligence solutions built for today's digital businesses that leverage modern applications, architectures and multi-cloud infrastructures. "Security in the modern world is moving from a human-scale problem to a machine-scale problem," said Greg Martin, Vice President and General Manager of Sumo Logic Security Business Unit.
Dashlane announced the relaunch of Password Changer and unveiled a new autofill engine powered by machine learning. Dashlane is the only password management solution on the market with a one-click Password Changer for all accounts, and now has the distinction of providing the fastest and most accurate autofill in the industry.
Today its technologies enable Axis Bank's wearables as a stylish and secure contactless way of payment. Thales has managed to condense the technology of a contactless payment card into a tiny piece of secure payment technology - Thales Gemalto FlexiTag - that can be invisibly integrated into a vast range of wearable shapes and sizes.
While there is no concrete explanation for the widespread exploitation by so many different groups, speculations are that the adversaries shared or sold exploit code, resulting in other groups being able to abuse these vulnerabilities, or that the groups obtained the exploit from a common seller. For its part, the Dutch Institute for Vulnerability Disclosure reported Tuesday that it found 46,000 servers out of 260,000 globally that were unpatched against the heavily exploited ProxyLogon vulnerabilities.
Intelligence agencies and cybersecurity researchers had been warning that unpatched Exchange Servers could open the pathway for ransomware infections in the wake of swift escalation of the attacks since last week. According to the latest reports, cybercriminals are leveraging the heavily exploited ProxyLogon Exchange Server flaws to install a new strain of ransomware called "DearCry."