1. Top 10 Cyber Security Threats
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3. Casino Cybersecurity Threats Best
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After all, who would want to visit a casino that is nefarious for its security breaches! The virtual world, for all its benefits, is also extremely susceptible to data hacking and malware attacks. One of the most significant disadvantages of online gambling is the data theft threats it poses to the clients. Join us for a one-hour webcast on cybersecurity threats facing the casino industry. Topics to be addressed include: Best practices for managing data breach risk; How a data breach can affect casino operations; How RSM is helping clients address cybersecurity. Venues in Las Vegas have been repeated targets of cyber attacks. MGM Grand is currently facing court action over a security breach during the summer that exposed the personal details of a reported. ON DEMAND: The insider threat—consisting of scores of different types of crimes and incidents—is a scourge even during the best of times. But the chaos, instability and desperation that characterize crises also catalyze both intentional and unwitting insider attacks. Threats on the web affect the industry Over the years, large companies have become the target of cyber attacks. Technological advances have shown that they are increasingly vulnerable and leave their information exposed and defenseless. Cybersecurity strives to protect the data stored in computer systems and thus prevent unauthorized entry.

The shortage of technical security staff, the rapid migration to cloud computing, regulatory compliance requirements and the unrelenting evolution of threats continue to be the most significant ongoing major security challenges.

However, responding to COVID-19 remains the biggest challenge for most security organizations in 2020.

“The pandemic, and its resulting changes to the business world, accelerated digitalization of business processes, endpoint mobility and the expansion of cloud computing in most organizations, revealing legacy thinking and technologies,” said Peter Firstbrook, VP Analyst, Gartner, during the virtual Gartner Security and Risk Management Summit, 2020.

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COVID-19 refocused security teams on the value of cloud delivered security and operational tools that don’t require a LAN connection to function, reviewing remote access policies and tools, migration to cloud data centers and SaaS applications, and securing new digitization efforts to minimize person-to-person interactions.

Gartner has identified nine annual top trends that are the response by leading organizations to these longer-term external trends. These top trends highlight strategic shifts in the security ecosystem that aren’t yet widely recognized, but are expected to have broad industry impact and significant potential for disruption.

Trend No. 1: Extended detection and response capabilities emerge to improve accuracy and productivity

Extended detection and response (XDR) solutions are emerging that automatically collect and correlate data from multiple security products to improve threat detection and provide an incident response capability. For example, an attack that caused alerts on email, endpoint and network can be combined into a single incident. The primary goals of an XDR solution are to increase detection accuracy and improve security operations efficiency and productivity.

“Centralization and normalization of data also helps improve detection by combining softer signals from more components to detect events that might otherwise be ignored,” said Firstbrook.

Trend No. 2: Security process automation emerges to eliminate repetitive tasks

The shortage of skilled security practitioners and the availability of automation within security tools have driven the use of more security process automation. This technology automates computer-centric security operations tasks based on predefined rules and templates.

Automated security tasks can be performed much faster, in a scalable way and with fewer errors. However, there are diminishing returns to building and maintaining automation. SRM leaders must invest in automation projects that help to eliminate repetitive tasks that consume a lot of time, leaving more time to focus on more critical security functions.

Trend No. 3: AI creates new security responsibilities for protecting digital business initiatives

AI, and especially machine learning (ML), continues to automate and augment human decision making across a broad set of use cases in security and digital business. However, these technologies require security expertise to address three key challenges: Protect AI-powered digital business systems, leverage AI with packaged security products to enhance security defense and anticipate nefarious use of AI by attackers.

Trend No. 4: Enterprise-level chief security officers (CSOs) emerge to bring together multiple security-oriented silos

In 2019, incidents, threats and vulnerability disclosures outside of traditional enterprise IT systems increased, and pushed leading organizations to rethink security across the cyber and physical worlds. Emerging threats such as ransomware attacks on business processes, potential siegeware attacks on building management systems, GPS spoofing and continuing OT/IOT system vulnerabilities straddle the cyber-physical world. Organizations primarily focused on information-security-centric efforts are not equipped to deal with the effect of security failures on physical safety.

As a result, leading organizations that deploy cyber-physical systems are implementing enterprise-level CSOs to bring together multiple security-oriented silos both for defensive purposes and, in some cases, to be a business enabler. The CSO can aggregate IT security, OT security, physical security, supply chain security, product management security, and health, safety and environmental programs into a centralized organization and governance model.

Trend No 5. Privacy is becoming a discipline of its own

No longer “just a part of” compliance, legal or auditing, privacy is becoming an increasingly influential, defined discipline of its own, affecting almost all aspects of an organization.

As a rapidly growing stand-alone discipline, privacy needs to be more integrated throughout the organization. Specifically, the privacy discipline co-directs the corporate strategy, and as such needs to closely align with security, IT/OT/IoT, procurement, HR, legal, governance and more.

Trend No. 6: New “digital trust and safety” teams focus on maintaining the integrity of all interactions where consumer meets the brand

Consumers interact with brands through an increasing variety of touchpoints, from social media to retail. How secure the consumer feels within that touchpoint is a business differentiator. Security for these touchpoints is often managed by discrete groups, with specific business units focusing on areas they run. However, companies are increasingly moving toward cross-functional trust and safety teams to oversee all the interactions, ensuring a standard level of safety across each space where consumers interact with the business.

Trend No. 7: Network security transforms from the focus on LAN-based appliance models to SASE

Cloud-delivered security services are growing increasingly popular with the evolution of remote office technology. Secure access service edge (SASE) technology allows organizations to better protect mobile workers and cloud applications by routing traffic through a cloud-based security stack, versus backhauling the traffic so it flows through a physical security system in a data center.

Trend No. 8: A full life cycle approach for protection of the dynamic requirements of cloud-native applications

Many organizations use the same security product on end-user-facing endpoints as they did for server workloads, a technique that often continued on during “lift and shift” cloud migrations. But cloud-native applications require different rules and techniques, leading to the development of cloud workload protection (CWPP). But as the applications grow increasingly dynamic, the security options need to shift as well. Combining CWPP with the emerging cloud security posture management (CSPM) accounts for all evolution in security needs.

Trend No. 9: Zero-trust network access technology begins to replace VPNs

The COVID pandemic has highlighted many of the problems with traditional VPNs. Emerging zero-trust network access (ZTNA) enables enterprises to control remote access to specific applications. This is a more secure option, as it “hides” applications from the internet — ZTNA only communicates to the ZTNA service provider, and can only be accessed via the ZTNA provider’s cloud service.

This reduces the risk of an attacker piggybacking on the VPN connection to attack other applications. Full-scale ZTNA adoption does require enterprises to have an accurate mapping of which users need access to what applications, which will slow adoption.

This article has been updated from the original, created on June 22, 2020, to reflect new events, conditions and research.

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Cybercriminals Stalking Their Next Small Business Victim

Cyber crime continues to grow, and small businesses are now ranked very high on the target list. Why are hackers attacking smaller companies rather than the larger, more financially secure firms?

The small business is unprotected. Easy to attack the smaller company who does not have the financial resources to justify expensive software to protect their computer systems. The smaller companies are unsuspecting and vulnerable to hackers. The hackers slip in their system, grab the content they want, and they’re out before anyone knows they were there. The ransom note arrives, and for the hackers, it’s a “done deal.” What is left is a “Going Out Of Business” sign because the small businesses rarely have the capital to maintain the payoff required to keep the confidential information from being released.

Statistics revealed an upward climb in hackers and adversaries over the last few years directing their aim at smaller businesses are now identifying these companies as prime targets.

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Small businesses who are top targets find it hard to stay one-step ahead of the cybercriminals because:

• Ransomeware popularity grows due to ransom payments from victims
• DIY kits are easily available to launch attacks on unsuspecting small businesses
• Hackers take the files to fuel the ransom demands.
• Cyber-extortion is becoming accepted, expected, and part of the norm.
• Database strikes grab huge, sensitive files all over the world.

Cybercriminals are also:

• Wiping out huge data files
• Database tables are being dropped
• Tampering with database records and encryption

What can cybersecurity professionals do to help keep the smaller companies electronically safe?

• Backup encryption or face a complete wipeout, but downtown is expected to perform backups on a regular basis.
• Install a data auditing and monitoring system that alerts a system breach
• Enabling real-time blocking to prevent an attack.
• Plant data decoys for hackers to trip over when entering the system
• Perform classification scans to identify the storage area of sensitive information

Quite often businesses feel the threat to their company is over-estimated and the chances of their data being hacked are not probable enough to consider the trouble and expense they would have to undergo for adequate protection. There are flaws in Android application models that allow an Android application with the basic permissions to access stored WiFi credentials SSIDs, usernames, etc. to be transferred to a remote server without the event ever being noticed, and would only be important if the receiver had malicious intent. Eavesdropping/Session hijacking on secured WiFi networks can be more damaging than most people realize. Cybercriminals are intelligent creatures leaving nothing to the imagination. Everyone must be cognizant of the capabilities and protect their data no matter how large or small their information may be.

Businesses need to introduce their staff to the possibility of the importance of system security and the issues involved in cybercriminals hacking into their database.

The ransomware and cyber-extortion business are only beginning. It is imperative that companies are starting NOW to protect their data against cyber attacks.

Cybersecurity is a major component of national security. Its significance cannot be overemphasized in the wake of recent events such as the NHS cyber-attack and the Manchester terrorist attack. A national health system can be shut down through a cyber-attack and citizens denied access to essential services. Could allowing more intrusive surveillance and data gathering capacity have enabled state agencies to prevent the terrorist attack?

The debate surrounding online privacy and cybersecurity has been going on for a while. The UK goes to the polls in June, and the issue of online privacy and cybersecurity is drawing differing proposals from the three largest political parties in the game namely the Labour Party, the Conservative Party, and the Liberal Democrats. The big debate revolves around how much online privacy to give up to enable state agencies to take better control of cybersecurity.

The Conservative Party promises to fast-track the enactment of data protection laws that safeguard your online data. It also hopes to draw from the privacy frameworks of offline systems to strengthen online privacy protection. Another bold statement from the Conservatives promises to enhance the safety of children. Social media and other online platforms may be required to erase profiles relating to children when they get older completely.

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They also plan on getting service providers to foot part of the online safety bill. This borrows from the online gambling industry where the players support responsible gambling campaigns spearheaded by member organizations. The proposals, however, lack critical details that would enable a comprehensive analysis of the effects on the online business industry. It remains unclear how the party proposes to make the country the safest place online.

The Labour Party promises to support the growth of the online industry. There is an elaborate plan that proposes aggressive marketing of the country as an online investment destination. The policy proposal is unclear on many levels, and it is believed the party would undertake significant reforms to current and proposed digital laws. The position leans towards going to extreme lengths in the interests of cybersecurity, sovereignty and the protection of national assets. It also proposes better cooperation on intelligence and security matters with other European partners.

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The Liberal Democrat propose a bigger investment in protecting individual privacy and enabling more user freedom. They propose a reform of the Investigatory Powers Act is overdue. They promise private companies the freedom to offer security products that do not leave backdoors or loopholes that state agencies can exploit for surveillance.

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Each proposal provides a clear path but raises implementation questions. The online gambling scene is experiencing a boom with more people getting on board. As an innovative industry that sets the pace for regulation and emerging trends, it is evident that some of the policy frameworks will look to borrow from the online gambling industry.

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Just as the online casinos have been able to establish responsible gambling guidelines, the best option may be to let the online providers self-regulate. The digital space is expected to keep growing. There is a need for proactive policy that enables opportunity while ensuring cybersecurity, data protection, and online privacy requirements are balanced between the government and the business community.