Connect with us

Cyber Security

4 Security Tips as the July 15 Tax-Day Extension Draws Near

Avatar

Published

on

We’re continuing to see cybercriminals take advantage of COVID-19, and the extension of Tax Day will be the next technique used in their sophisticated method of attacks.

For all Americans, April 15 is a critical date on our calendars — the dreaded Tax Day! Then along came the pandemic — expanding the potential attack surface exponentially as the workforce transitioned out of the office — and the deadline to file taxes was bumped three months to July 15.

Well, news flash: That date is nearly here. Keeping in mind that people are often the biggest security risk to an organization, it’s up to security leaders to ensure employees do not fall for a last-minute tax-related scam that puts them or their organizations’ network in jeopardy. We’re continuing to see cybercriminals take advantage of COVID-19, and the extension of Tax Day will be the next technique used in their sophisticated method of attacks.

The Potential for Expanded Phishing Attacks Is Massive
Employees could be easily tempted to click on links that offer opportunities to lower their taxes due to the pandemic or ways to receive quicker refunds. At the same time, the deadline extension widens the window of time cybercriminals have had to access sensitive information and conduct targeted attacks. More people at home means they are also spending more time in front of their screens, which could lead to an uptick in successful attacks. Not only is the action of filing taxes likely digital this year due to the pandemic, but communication with accountants likely is as well. For its part, the US government advises against falling for additional scams, including unknown text messages and robocalls.

Pro tip: Educate your employees about safe computing, with tips for avoiding phishing-style emails specifically related to filing taxes or obtaining refunds. Encourage them to file their taxes outside of working hours or outside of the office (if some are heading back) to avoid extra network risks.

Home Wi-Fi Often Lacks Adequate Security Measures
Employees need to remember that they do not enjoy the same level of security they’re used to in the office while they’re working from home. Their Wi-Fi networks and infrastructure are not as secure outside of the physical office. Those who file their tax returns on company-issued laptops need to be diligent when choosing the browsers and Wi-Fi networks they’re using in order to avoid damage to their organization’s sensitive data. Remember to never use public Wi-Fi networks when sharing sensitive personal or business information.

Pro tip: Encourage employees to use secure web browsers and ask their accountants what security precautions they’re taking. Also encourage employees to do tax-consultant meetings over video or the phone instead of written communication. That way, less sensitive information is captured in writing and transferred. These precautions will keep the organization’s confidential information and data safer.

Pay Attention to Your Corporate Network
Many organizations still rely on users VPN’ing in to access legacy corporate applications, particularly in healthcare and finance. As mentioned, the potential for host (endpoint) infection is higher with a more remote workforce, which also means greater potential for pwnd (compromised) devices accessing sensitive corporate systems. What about users accessing corporate applications via the Transport Layer Security (TLS) protocol? The same risk applies there, too. If that device has been taken over, the access mechanism doesn’t really matter.

What does matter is complete visibility into traffic coming in and out of applications. That means being able to inspect not just VPNs but also encrypted traffic including TLS 1.3. Eliminating blind spots is even more important with a remote workforce, especially when dealing with sensitive personal and financial information when filing taxes.

Pro tip: Inspecting all application traffic can be overwhelming. Instead, look into technologies that allow you to identify, isolate, and extract traffic by applications. [Editor’s note: The author’s company is one of several providers that offer such technology.] This will allow you to pay closer attention to sensitive applications while easing security tools from the burden of inspecting lower-priority traffic.

Nothing beats being prepared for a crisis. To avoid the major stresses and potential headlines that come with a massive breach — from an insider threat, nonetheless — now is the time to review (and update) your security strategy and crisis plans, and educate your employees about safe digital practices. However, if your organization does fall victim to an attack between now and the Tax Day deadline of July 15, it’s critical to be able to stop it before it infiltrates the entire system. Having visibility into east-west traffic is also critical to the containment. The pandemic has caused an increase in security threats, and therefore demand on security teams, and we can all learn and grow from this new threat landscape together to ensure we’re better-suited for future attacks.

Related Content:

Shane Buckley is President and Chief Operating Officer of Gigamon with responsibility for expanding the company’s business and markets worldwide. He brings more than 20 years of executive management experience to the team and joins Gigamon from Xirrus where he was CEO prior … View Full Bio

Recommended Reading:

More Insights

Source: https://www.darkreading.com/risk/4-security-tips-as-the-july-15-tax-day-extension-draws-near/a/d-id/1338269?_mc=rss_x_drr_edt_aud_dr_x_x-rss-simple

Cyber Security

Business Enablement By Way Of The BISO

Avatar

Published

on

Become a Member today!

PLEASE ENTER YOUR EMAIL TO JOIN FOR FREE

We respect your privacy, by clicking ‘Subscribe’ you will receive our e-newsletter, including information on Podcasts, Webinars, event discounts, online learning opportunities and agree to our User Agreement. You have the right to object. For further information on how we process and monitor your personal data click here. You can unsubscribe at any time.

Source: https://www.cshub.com/executive-decisions/articles/business-enablement-by-way-of-the-biso

Continue Reading

Big Data

Top 10 Big Data trends of 2020

Avatar

Published

on

Top 10 Big Data trends of 2020

By Priya Dialani

During the last few decades, Big Data has become an insightful idea in all the significant technical terms. Additionally, the accessibility of wireless connections and different advances have facilitated the analysis of large data sets. Organizations and huge companies are picking up strength consistently by improving their data analytics and platforms.

2019 was a major year over the big data landscape. In the wake of beginning the year with the Cloudera and Hortonworks merger, we’ve seen huge upticks in Big Data use across the world, with organizations running to embrace the significance of data operations and orchestration to their business success. The big data industry is presently worth $189 Billion, an expansion of $20 Billion more than 2018, and is set to proceed with its rapid growth and reach $247 Billion by 2022.

It’s the ideal opportunity for us to look at Big Data trends for 2020.

Chief Data Officers (CDOs) will be the Center of Attraction

The positions of Data Scientists and Chief Data Officers (CDOs) are modestly new, anyway, the prerequisite for these experts on the work is currently high. As the volume of data continues developing, the requirement for data professionals additionally arrives at a specific limit of business requirements.

CDO is a C-level authority at risk for data availability, integrity, and security in a company. As more businessmen comprehend the noteworthiness of this job, enlisting a CDO is transforming into the norm. The prerequisite for these experts will stay to be in big data trends for quite a long time.

Investment in Big Data Analytics

Analytics gives an upper hand to organizations. Gartner is foreseeing that organizations that aren’t putting intensely in analytics by the end of 2020 may not be ready to go in 2021. (It is expected that private ventures, for example, self-employed handymen, gardeners, and many artists, are excluded from this forecast.)

The real-time speech analytics market has seen its previously sustained adoption cycle beginning in 2019. The idea of customer journey analytics is anticipated to grow consistently, with the objective of improving enterprise productivity and the client experience. Real-time speech analytics and customer journey analytics will increase its popularity in 2020.

Multi-cloud and Hybrid are Setting Deep Roots

As cloud-based advances keep on developing, organizations are progressively liable to want a spot in the cloud. Notwithstanding, the process of moving your data integration and preparation from an on-premises solution to the cloud is more confounded and tedious than most care to concede. Additionally, to relocate huge amounts of existing data, organizations should match up to their data sources and platforms for a little while to months before the shift is complete.

In 2020, we hope to see later adopters arrive at a conclusion of having multi-cloud deployment, bringing the hybrid and multi-cloud philosophy to the front line of data ecosystem strategies.

Actionable Data will Grow

Another development concerning big data trends 2020 recognized to be actionable data for faster processing. This data indicates the missing connection between business prepositions and big data. As it was referred before, big data in itself is futile without assessment since it is unreasonably stunning, multi-organized, and voluminous. As opposed to big data patterns, ordinarily relying upon Hadoop and NoSQL databases to look at data in the clump mode, speedy data mulls over planning continuous streams.

Because of this data stream handling, data can be separated immediately, within a brief period in only a single millisecond. This conveys more value to companies that can make business decisions and start processes all the more immediately when data is cleaned up.

Continuous Intelligence

Continuous Intelligence is a framework that has integrated real-time analytics with business operations. It measures recorded and current data to give decision-making automation or decision-making support. Continuous intelligence uses several technologies such as optimization, business rule management, event stream processing, augmented analytics, and machine learning. It suggests activities dependent on both historical and real-time data.

Gartner predicts more than 50% of new business systems will utilize continuous intelligence by 2022. This move has begun, and numerous companies will fuse continuous intelligence during 2020 to pick up or keep up a serious edge.

Machine Learning will Continue to be in Focus

Being a significant innovation in big data trends 2020, machine learning (ML) is another development expected to affect our future fundamentally. ML is a rapidly developing advancement that used to expand regular activities and business processes

ML projects have gotten the most investments in 2019, stood out from all other AI systems joined. Automated ML tools help in making pieces of knowledge that would be difficult to separate by various methods, even by expert analysts. This big data innovation stack gives faster results and lifts both general productivity and response times.

Abandon Hadoop for Spark and Databricks

Since showing up in the market, Hadoop has been criticized by numerous individuals in the network for its multifaceted nature. Spark and managed Spark solutions like Databricks are the “new and glossy” player and have accordingly been picking up a foothold as data science workers consider them to be as an answer to all that they disdain about Hadoop.

However, running a Spark or Databricks work in data science sandbox and then promoting it into full production will keep on facing challenges. Data engineers will keep on requiring more fit and finish for Spark with regards to enterprise-class data operations and orchestration. Most importantly there are a ton of options to consider between the two platforms, and companies will benefit themselves from that decision for favored abilities and economic worth.

In-Memory Computing

In-memory computing has the additional advantage of helping business clients (counting banks, retailers, and utilities) to identify patterns rapidly and break down huge amounts of data without any problem. The dropping of costs for memory is a major factor in the growing enthusiasm for in-memory computing innovation.

In-memory innovation is utilized to perform complex data analyses in real time. It permits its clients to work with huge data sets with a lot more prominent agility. In 2020, in-memory computing will pick up fame because of the decreases in expenses of memory.

IoT and Big Data

There are such enormous numbers of advancements that expect to change the current business situations in 2020. It is hard to be aware of all that, however, IoT and digital gadgets are required to get a balance in big data trends 2020.

The function of IoT in healthcare can be seen today, likewise, the innovation joining with gig data is pushing companies to get better outcomes. It is expected that 42% of companies that have IoT solutions in progress or IoT creation in progress are expecting to use digitized portables within the following three years.

Digital Transformation Will Be a Key Component

Digital transformation goes together with the Internet of Things (IoT), artificial intelligence (AI), machine learning and big data. With IoT connected devices expected to arrive at a stunning 75 billion devices in 2025 from 26.7 billion presently, it’s easy to see where that big data is originating from. Digital transformation as IoT, IaaS, AI and machine learning is taking care of big data and pushing it to regions inconceivable in mankind’s history.

Source: https://www.fintechnews.org/top-10-big-data-trends-of-2020/

Continue Reading

Cyber Security

Feedzai grows +44% in the first half of the fiscal year and strengthens its C-suite

Avatar

Published

on

Feedzai grows +44% in the first half of the fiscal year and strengthens its C-suite
  • H1 growth above target amid the COVID-19 pandemic and market uncertainty. Multiple multi-year enterprise contracts negotiated during the lockdown

  • New Chief Financial Officer and Chief Marketing Officer join the company

  • 26% of the revenue invested in R&D and 10 patents filed in H1 2020

Feedzai, the world’s leading risk management platform, announced today that its Q2 2020 has been one of the most successful ever from a new business generated perspective. The company has experienced a +44% growth in new Annual Recurring Revenue (ARR) in H1 2020 when compared to H1 2019. A very successful renewal cycle and new large-enterprise deals closed in the US, EMEA, APAC, and LATAM, made the first half of the year a success.

Feedzai currently protects companies with more than 800 million customers in 190 countries. With more than 154M US individual and business taxpayers, almost half of the UK and Canada’s population, and 60% of global music streaming subscriptions being monitored and protected by Feedzai, the company has shown over the years that its mission-critical technology is preferred by the largest and most innovative companies in the world.

Since the beginning of the pandemic, Feedzai has seen an increase in financial crime, particularly mule accounts, phishing attacks, employer fraud, and a big spike in fraudulent activity related to online commerce in which people had to significantly rely on during the lockdown.

“Fraudsters thrive on periods of confusion and chaos, and this pandemic represents fertile breeding ground. While many bank capital investments are on hold amidst the economic uncertainty, we are seeing that solutions like Feedzai’s, which reduce fraud losses, decrease operational expense, and improve customer experience through more efficient detection routines are actually seeing increased prioritization for funding, given the increased urgency to protect digital channel transactions in a customer-friendly manner,” says Julie Convoy, Research Director at Aite.

“Feedzai had one of its best quarters ever amid the pandemic, while many industries, unfortunately, showed signs of deterioration. This simultaneously shows that our technology is mission-critical, and our business is crisis resilient,” said Nuno Sebastiao, Co-founder, and CEO of Feedzai. “I’m confident that our next phase of growth will benefit from market conditions in which digital transformation will play a larger than ever role, and from a set of strategic decisions we’ve made in the last 9 months.”

As part of the growth, Feedzai has achieved several important milestones, including:

Business Performance – Feedzai reports a +44% growth in H1 2020 compared to the same period in 2019. The company has also seen Q2 2020 growth above target amid the COVID-19 pandemic, which led to one of its best quarters ever from a new Annual Recurring Revenue (ARR).

C-suite Strengthening – the company has defined a combination of strategic hires and internal promotions to prepare the organization for the next level of growth

  • Amaury Dauge, Chief Financial Officer – joins Feedzai after several C-level roles at Qontigo and previous experience as the CFO of Euronext, the 6th largest stock exchange in the world

  • Varun Kohli, Chief Marketing Officer – a seasoned Silicon Valley executive, who has been part of multiple multi-billion dollar exits (8 out of 9 companies he worked at either went IPO or were acquired)

  • Richard Harris, EVP of Global Sales – a veteran in both the finance and technology industries, steps in to spearhead the global sales operation after 5 very successful years at Feedzai where he led international operations. Prior to that, Harris held leadership positions at Visa, Experian, and American Express

  • Pedro Barata, SVP of Product – after 10 years at Feedzai – hired as one of the first employees of the company – Barata becomes the new product leader after successfully building from scratch the entire Customer Success operation

  • Cristina Perez, Head of Legal – joins Feedzai after 20 years spearheading legal, public policy, and regulatory affairs at Vodafone Portugal

Geographic Expansion and Strategic Deals – Feedzai has closed deals during H1 in all of the regions it is currently operating in – US, EMEA, APAC, and LATAM – and was able to negotiate multi-year contracts with some of the largest and most innovative companies in the world (e.g. one of the biggest payments processors in the world, one of the top 3 banks in Brazil, one of the big four banks in Australia, the largest national card processor in Europe, and several others).

Cutting-Edge technology – Feedzai continues to pave the way with the most advanced, and promising machine learning techniques built to better protect customers and businesses all over the world. The company also keeps protecting its growing Intellectual Property portfolio with 6 new patents filed in the first half of the year around Deep Learning, Model Fairness Optimization, Active Learning, Transaction Graph Representations, and more. Feedzai will also invest around 26% of its revenue in R&D by the end of 2020, while the average investment made by successful SaaS companies sits at 23%.

Source: https://www.fintechnews.org/feedzai-grows-44-in-the-first-half-of-the-fiscal-year-and-strengthens-its-c-suite/

Continue Reading
IOT15 mins ago

Consumer Interest in IoT Devices Varies Among Gender, Need

Energy13 hours ago

Global Electrical SCADA Market Report 2020: Developments in IoT Technology and Cloud Computing has Increased Growth

Energy13 hours ago

Global $855 Billion Bio-Refinery Product Market to 2026 with Neste Oil, Renewable Energy, Pacific Ethanol, UOP, Abengoa Bioenergy, and Valero Energy Dominating

Energy13 hours ago

U.S. Chemical Production Expanded In September

Energy13 hours ago

$9.8 Billion Worldwide Thermal Spray Coatings Industry to 2027 – Impact of COVID-19 on the Market

Energy13 hours ago

Valisure Expands Testing Capabilities With The Addition Of Elemental Analysis

AR/VR14 hours ago

Somnium Space’s Next Updates to Add Buildable Worlds, Web Access & More

AI15 hours ago

Beyond Limits and The Carnrite Group Create Alliance to Drive AI Innovation in Oil & Gas, Utilities, Power and Industrial Sectors.

Esports15 hours ago

BIG, OG, fnatic round out Flashpoint 2 team list

Crowdfunding15 hours ago

Earn $10,249 a Year in FREE “Crypto Income”

Energy16 hours ago

Ball Corporation and Kroenke Sports & Entertainment Announce Global Partnership to Advance Sustainability in Sports and Entertainment Through Aluminum Beverage Packaging, Improved Recycling Programs and Consumer Education

Energy16 hours ago

St. James Gold Announces Private Placement

Energy16 hours ago

Worldwide Water and Wastewater Treatment Equipment Industry to 2027 – Featuring SUEZ, Ecolab & DuPont Among Others

Energy16 hours ago

Automotive Refinish Coatings Market Size Worth USD 11.69 Billion by 2027 | CAGR of 3.7%: Emergen Research

AR/VR16 hours ago

Captain Toonhead vs the Punks from Outer Space Unleashes FPS Tower Defense in 2021

Germany
Esports16 hours ago

Vitality take down BIG to set up clash against Astralis in DH Open Fall

Energy19 hours ago

Dorian LPG Ltd Provides Update for the Second Quarter 2021 and Announces Second Quarter 2021 Earnings and Conference Call Date

Energy19 hours ago

SK Innovation Declares Ambition to ‘Lead the Efforts for Battery Safety, Charging Speed and Driving Range’ at InterBattery 2020

Energy19 hours ago

Canada Nickel Makes Third New Discovery at Crawford Nickel-Cobalt Sulphide Project

Energy19 hours ago

AEP Reports Strong Third-Quarter 2020 Earnings

Blockchain22 hours ago

Eyeing EU Banks, Hex Trust Teams With SIA on Crypto Custody

Blockchain22 hours ago

Collider Labs Raises $1M to Invest in Blockchain Startups

Blockchain24 hours ago

Voyager Agrees to Buy LGO Markets and Merge 2 Firms’ Tokens

Cyber Security1 day ago

Business Enablement By Way Of The BISO

Ecommerce1 day ago

Turing Pi 2 – compact edge clusters with 32 GB RAM and new Raspberry…

Ecommerce1 day ago

The Top eCommerce Companies in October, According to eCommerce…

Ecommerce1 day ago

Footwear Manufacturer Otabo Steps Up Digital Strategy with Centric…

Ecommerce1 day ago

Cloud Sales Veterans Release Essential Read for B2B Salespeople

Ecommerce1 day ago

LaserShip Announces Its Time Of Need Philanthropic Program

Indonesia
Esports1 day ago

Gen.G in talks with Liazz – Report

Esports1 day ago

cogu joins MIBR as manager and coach

Energy1 day ago

Strategic Resources Files Mustavaara Technical Report

Energy1 day ago

Ur-Energy Announces Extension of State Bond Loan and Provides Update

Energy1 day ago

Pettit Marine Paint Develops the Most Effective Anti-fouling Paint to Hit the Market in Many Years – ODYSSEY® TRITON

Energy1 day ago

Core Lab Reports Third Quarter 2020 Results From Continuing Operations:

Blockchain1 day ago

Pelosi, Kudlow Signal Market-Moving US Stimulus May Wait Till After Election: Report

Energy1 day ago

A Difference-Making Disinfectant

Blockchain1 day ago

Market Wrap: PayPal Powers Bitcoin Past $12.8K as Ether Dominance Drops

Automotive1 day ago

How Car Tires Are Manufactured

Medical Devices1 day ago

5 Real World Applications of the Doppler Effect

Trending