Bubble wrap®. That obsessively addictive plastic material, made up of hundreds of small air-filled bubbles we all love to squeeze. Although I tend to think of Bubble Wrap as the original fidget toy—melting away our anxieties with every satisfying pop—most people associate it with helping to protect their most precious collectibles when in transit or being placed in long-term storage.
In an age when attackers create over a million phishing sites each month, and phishing serves as a beachhead for 95 percent of all attacks against enterprise networks, how can businesses respond? Part of the answer lies in educating users to recognize and report phishing, of course. But user education only goes so far – particularly because the same statistics cited above show that, on average, only 3 percent of users will report phishing emails.
Protecting your applications from abuse of functionality requires understanding which application features and workflows may be misused as well as the ability to quickly identify potential threats to your services. This visibility is particularly critical in cases where an adversary finds and exploits a vulnerability—such as inadequate authentication controls—to commit fraud.
According to the Association of Certified Fraud Examiners, the money lost by businesses to fraudsters amounts to over $3.5 trillion each year. The ACFE's 2016 Report to the Nations on Occupational Fraud and Abuse states that proactive data monitoring and analysis is among the most effective anti-fraud controls.
Most of us can think of a time when we received a phishing email. In fact, most phishing emails are easy to identify, and automatically go to spam. However, in this ongoing pandemic, hackers are adopting advanced tactics that cleverly conceal their malicious intentions, and fly under the radar by leveraging the victim’s fear, anxiety, or plain negligence.
Compliance has often been a checkbox exercise, primarily seen as a defensive strategy in preventing financial penalties and PR embarrassments. However, some organizations have taken a different approach. They’ve used compliance on the offensive - to give a competitive edge, turning “compliance teams” into “innovation teams”. These companies have improved processes and increased customer experience. They’ve installed an elevator instead of fixing the ladder.
