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2012 Cyber Security Predictions from the Websense
Websense predicts cybercriminals will use cyber-antics during the U.S. presidential election and will turn cell phones into ATMs
With all of the crazy 2011 security breaches, exploits and notorious hacks, what can we expect for 2012? We asked the top researchers of the Websense Security Labs to take a few minutes and provide their top predictions for the coming year. Last year’s Websense Security Labs predictions were very accurate, so these predictions should provide very useful guidance for security professionals.
1. Your social media identity may prove more valuable to cybercriminals than your credit cards. Bad guys will actively buy and sell social media credentials in online forums.
Trust is the basis of social networking, so if a bad guy compromises your social media log-ins, there is a good chance they can manipulate your friends. Which leads us to prediction #2. Read more
AVG Study Reveals Alarming Complacency Among Users of Mobile Devices on Security
89% of consumers unaware that smartphones transmit confidential information
AVG Technologies revealed details of a sobering study uncovering new statistics about the data security risks involved in everyday smartphone use. Findings are the result of a recent study conducted by the Ponemon Institute in concert with AVG of 734 random US consumers over age 18 regarding their mobile communications behavior. Full survey results are available in an AVG white paper at: http://aa-download.avg.com/filedir/other/Smartphone.pdf
“We have increasing responsibility to educate consumers on the dangers lurking in mobile broadband and to help users take ownership of their mobile data security”
The study confirmed AVG’s concerns focusing on consumers’ indifference to the many serious security risks associated with the storage and transmission of sensitive personal data on iPhone, Blackberry and Android devices. Following are three of the most alarming:
89 percent of respondents were unaware that smartphone applications can transmit confidential payment information such as credit card details without the user’s knowledge or consent. Read more
OpenTrust Suite for Cloud
OpenTrust announced OpenTrust Suite for Cloud, a full-featured offering of pay-as-you-go products and services designed to help customers make the most of the economic benefits and business flexibility of Cloud computing in a completely trusted environment.
As enterprises seek ways of both cutting costs and meeting ever-increasing technological demands, Cloud computing has emerged as a serious alternative to traditional packaged software. In a Cloud computing model, users access data and applications stored on remote hardware via the Internet, often using mobile devices such as smartphones and tablets.
OpenTrust TaaS (Trust as a Service) is a unique trusted Cloud service. Customers using OpenTrust TaaS do not need to pay upfront software licenses and have instant access to secure, encrypted file exchange functions and/or digital signature services which are seamlessly integrated into business applications and portals.
These OpenTrust online services are available at a very competitive price and are proposed as a pay-as-you-go catalogue where customers purchase services depending on needs/volume and budget, therefore avoiding unnecessary, heavy upfront investment. What’s more, relying on the OpenTrust private Cloud can dramatically reduce the implementation timeline by up to 80%. Read more
Panda Cloud Antivirus Honored in Wall Street Journal Technology Innovation Awards
Panda Security recognized as a runner-up in the network security category
Panda Security announced that Panda Cloud Antivirus, the company’s free cloud-based antimalware solution for home computer users, has been chosen as a runner-up in the network security category as part of the prestigious Wall Street Journal Technology Innovation Awards.
“We are proud to receive this award from the Wall Street Journal,” said Juan Santana , CEO of Panda Security. “Not just because we have been selected from among so many well-qualified candidates around the world, but because this international recognition validates our strategy. By moving the ‘heavy lifting’ of malware protection to the cloud, we are able to deliver high levels of protection without impacting the performance of users’ systems, both in our home user and corporate solutions.” Read more
Introducing the Fraud Prevention Suite to combat fraud in international eCommerce
Wirecard AG Presents a Further Development in the Field of Risk Management
Munich-based Wirecard AG introduces the Fraud Prevention Suite, a further development within the scope of its risk management product line. By means of a refined analytics system, fraud patterns automatically identified in the field of electronic online payments processing are now directly included in bodies of rules to combat fraud in international eCommerce.
The Fraud Prevention Suite provides merchants with optimum fraud detection facilities, combined with a simultaneous minimization of the number of transactions erroneously categorized as being suspected of fraud. This is because portfolio data is used to optimize sets of rules by means of integrated simulation functions to assess the relationship between identified cases of fraud to rejected, regular transactions.
Not only are merchants operating with an international reach exposed to fraud attempts more frequently; they also have to contend with a larger variety of fraud patterns than merchants trading within a single country. Particularly as far as credit card processing on a global scale is concerned, the challenge is to be able to identify fraud better and faster and to take preventive steps to counteract fraud.
“Online fraud is becoming increasingly sophisticated internationally,” says Heiner Kallweit, Head of Product Line Risk & Fraud Prevention at Wirecard AG. “On the basis of our many years’ experience, in combination with new software developed we have created a solution which, based on extensive possibilities of analyzing inventory data, identifies online fraud before damage or loss can occur,” adding: “In this context, the behavior patterns differ completely from one industry segment to another, making it necessary for industry-specific parameters of relevance relating to fraud to be included in fraud detection as such. In the case of airlines, for instance, these are the route, method of payment, flight class or advance booking periods. The system even identifies complex patterns to distinguish genuine transactions from fraudulent ones.”
Wirecard AG has adjusted its new Fraud Prevention Suite solution to the requirements of the core industries of eCommerce: consumer goods, airlines/tourism and digital goods.
The range on offer from technology services provider Wirecard comprises individually tailored, industry- and customer-specific payment and risk management systems, ranging from special BSP solutions for airlines, tele-shopping and Internet trading all the way through to PoS terminal solutions in the stationary segment. The services of the online-oriented Wirecard Bank complement and extend the array of products and services for business customers to include credit card acceptance agreements (acquiring), banking services and innovative prepaid card products.