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Contributor:
Andrew Avanessian
February 17th, 2015

$1bn financial services attack – Why Defense in Depth could have mitigated the damage

A new report from Kaspersky Labs claims up to 100 banks and financial institutions have been attacked in an “unprecedented cyber robbery”.

Initial estimates suggest that $1bn has been stolen in the attacks, which are believed to have started in 2013 and are potentially still ongoing. It’s thought the attacks have taken place across 30 different countries, including the US, Canada, Germany, Russia, China and Ukraine.

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Security by default: No more leaky buckets

Here at Avecto we believe that security products should be secure by design, meaning that they are designed from the ground up to be secure. A key principle is that you should be able to share details of the design without compromising its security, as opposed to security by obscurity, where you are reliant on keeping the solution secret to prevent a compromise.

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File less fears

Last week I was talking to a customer about whitelisting policies. Having rolled out least privilege, application control and sandboxing to their estate they had gone from hundreds of security incidents per week to virtually none. This has caused the security team to become more proactive by shifting from constant firefighting and reacting to incidents to thinking strategically and planning ahead.

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Unravelling the World Wide Web and its impact on IT security

Last year, 73% of the UK population accessed the internet every day, according to figures from the ONS, and in our workplaces, more and more time is spent online.

Today’s workers expect full access to online content in order to do their jobs effectively. With the rising influence of millennial employees, an increasing number expect to be able to access social media and other personal content at all times too.

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