In light of the news that Barclays to abolish passwords for phone banking, Charles Read, Regional Director of UK, Ireland and Benelux at, provider of IAM solutions, OneLogin commented below. Whilst convenient, the below comment looks at how biometric technology is gaining rapid adoption within the consumer arena, but very few people realise the potential flaws behind the use of such methods. Highlighting how biometric methods should be used as an additional layer of authentication, particularly as recent research from OneLogin revealed that 35 per cent would actually share passwords with close friends and family. Charles Read, Director of product strategy, voice biometrics, Nuance at…
ISBuzz Team
Over the weekend, it was reported that a computer system the Clinton Campaign was using was breached allegedly by Russian hackers. The FBI is now trying to ascertain whether or not it was routine spying, or direct attempt by Russia to interfere with the American presidential campaign. Security Experts commented below. Tim Erlin, Senior Director of IT Security and Risk Strategy at Tripwire: “Whether intentionally or not, these attackers are interfering in the presidential election. It can be difficult to accurately attribute cyber attacks to a specific group or country, and determining that multiple attacks came from the same attacker is doubly…
Following the news that Barclays has deployed voice biometrics technology to authenticate its customers, Brett Beranek, Senior Principal Solutions Marketing Manager, Enterprise, Nuance Communications. Commented below. Brett outlines the success of the deployment of Nuance’s voice biometrics solution by Barclays Wealth & Investment Management back in 2013, where customers rated Barclays at least 9 of 10 for the speed, ease of use and security of the new authentication system. Brett Beranek, Senior Principal Solutions Marketing Manager, Enterprise at Nuance: “Barclays has long been an industry leader in adopting alternative authentication methods for its customers to enable a more seamless and secure experience. Indeed, following the deployment…
Image:Twocoms / Shutterstock.com Following the news about Jason Bourne movie, Catherine Allen, Chair and CEO, Santa Fe Group discusses below the cyber security elements in the movie. Catherine Allen, Chair and CEO at Santa Fe Group: “While Jason Bourne features long and improbable car chases, there were some interesting cyber security elements. “The movie references the CIA investing in startups (of the social media company), which they have done and continue to fund security and data related businesses. “The movie points out the privacy/national security tug of war…..an ongoing issue as recently exhibited by the Apple phone access to get…
I see this in many of the enterprises we meet. It comes up from CISO as an issue any time discussing our solution (ReSec) and from most of our friends and partners promoting other cyber solution. The lack of skilled IT staff. There are not enough skilled IT security professionals. Not in the US, not in the UK and nowhere else in the world. CISCO (Cisco 2015 Annual Security Report, Cisco, Jan. 20, 2015) estimates that today about a million IT Security professional are missing, and that 4.5 million positions will be vacant in 10 years. The shortage becomes even more acute if you…
Following Cisco’s 2016 Midyear Cybersecurity Report shining a spotlight on ransomware and drawing attention to the importance of improving ransomware detection or “Time to Detect (TTD)”, Andrew Stuart MD EMEA at Datto Inc commented below. Andrew Stuart, MD EMEA at Datto Inc: The presence of ransomware on a system can cause significant downtime, which can incur massive losses; companies still need to pay staff wages and keep the lights on. Downtime can also cause inestimable damage to a company’s brand and reputation. In addition, 41% of organisations end up paying the criminals, further fuelling this crimewave. Once you’re infected with ransomware there are usually only two…
LONDON . As nearly half a million of fans descend upon Rio de Janeiro this summer, visitors and residents alike need to be aware of fraudsters and cybercriminals, warns ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment, banking and fraud prevention solutions. Brazil has among the world’s highest rates of debit and credit card fraud, according to the 2016 Global Consumer Fraud Survey, published by ACI Worldwide and Aite earlier this month. The research shows that almost half of consumers in Brazil (49%) had experienced some kind of card fraud in the past five years. Only Mexico has a higher…
Following the news that Barclays is abolishing passwords for its telephone banking customers, Richard Lack, Director of Sales EMEA at customer identity management experts Gigya commented below. Gigya works with brands such as Coca-Cola and Dell to help them create mutually beneficial relationships with their customers. Richard Lack, Director of Sales EMEA at Gigya: “The news that Barclays is abolishing passwords, in favour of voice recognition technology, for its telephone banking customers comes as no surprise. In Europe, consumers tell us that they are struggling to remember what is now an average of more than 100 passwords across their personal accounts and devices.…
ESET study reveals that even IT professionals don’t care about security when they are on holiday. With the summer holiday season well underway many families will be getting ready to jet off to sunnier climates, and a new study from ESET has revealed that a quarter of holidaymakers will be packing as many as eight gadgets into suitcases this year, however almost 40 percent of those devices will not be password protected leaving them wide open if they to fall into the wrong hands. The survey, which was carried out in June 2016 at Infosecurity Europe and studied the attitudes of over…
It’s a well-known fact that nation states have almost unlimited cyber powers. Nation states with unlimited military resources, technical know-how and political motivation gave rise to the infamous APT (“Advanced Persistent Threat”), meaning that an adversary with enough resources and motivation has the ability to hack anyone, regardless of their security mechanisms. While both an APT campaign and a cybercriminal campaign pose significant threats, the underlying motive for the attacks greatly differ. APT campaigns are executed to collect information, to sabotage or perform other politically driven initiatives, whereas cybercriminals are often only after monetary gain. Given that APT has an almost mythical…