Security News
US companies should be on the lookout for security nasties from Ukrainian partners following the digital graffiti and malware attack launched against Ukraine by Belarus, the CISA has warned. "If working with Ukrainian organizations, take extra care to monitor, inspect, and isolate traffic from those organizations; closely review access controls for that traffic," added CISA, which also advised reviewing backups and disaster recovery drills.
The global digital asset management market is expected to grow at a compound annual growth rate of 18.36% over the forecast period to reach a market size of $10.018 billion in 2026, from $3.078 billion in 2019, according to ResearchAndMarkets. The growing era of digital content across all industries from healthcare and finance to publishing and education is contributing to the growth of the digital asset management market.
The COVID-19 pandemic has accelerated enterprise digital transformation by three to five years as companies build IT ecosystems to enable growth, innovation and improved customer experiences under new conditions, according to a research report published by Information Services Group. "The pandemic has forced enterprises to explore new ways to enable remote work, manage supply and demand and remain competitive," said Prashant Kelker, partner and Americas leader, ISG Digital.
A successful partnership can also accelerate the resolution of security issues whilst increasing network resilience, helping both network and security teams to achieve their goals. Whilst network operations prioritize producing highly available and high-performing networks, the security teams have the different task of lowering risk to the business and protecting the network.
All digital markets are built on trust and that trust has been reduced to an algorithm driven by proof of identity, which currently remains heavily reliant on formal documents such as a passport or driving license. Among the various methods used by those committing criminal fraud, an alarmingly common and effective tactic designed to defeat many existing automated technologies is the use of "Synthetic identities." This is where real and fictitious identity fragments are combined specifically to evade fraud detection processes.
Many employers are now offering digital security benefits to help protect their employees. Digital security benefits seek to protect employees from online predators engaging in attempted identity theft or the harvesting of credentials/account information.
Western Digital is urging customers to update their WD My Cloud devices to the latest available firmware to keep receiving security updates on My Cloud OS firmware reaching the end of support. Western Digital advises customers to protect their data from attackers after the firmware is no longer supported by backing up their devices, disabling remote access, disconnecting it from the internet, and choosing a unique and strong password.
Between the need for secure access to digital services and the demand for increased security, the case for a trusted and verifiable ID system has never been stronger. One question remains: Who gets to implement this system? If the answer is a company or a government, then concerns around personal privacy and civil liberties become quite relevant.
The European Parliament's Internal Market and Consumer Protection Committee has adopted the Digital Services Act proposal by 36 votes to 7 and 2 abstentions. The main goal of the DSA is to empower EU regulators to control large internet platforms and impose stricter mechanisms for removing "Fake news" and "Abusive content."
Cryptocurrency exchange BitMart has coughed to a large-scale security breach relating to ETH and BSC hot wallets. "We have identified a large-scale security breach related to one of our ETH hot wallets and one of our BSC hot wallets today. At this moment we are still concluding the possible methods used. Hackers were able to withdraw assets of the value of approximately 150 million USD," BitMart said.