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Expert(s): November 30, 2020
Malini Gujral
Vice President feature_status*/ ?>
Acuant

Comments Dotted : 1
November 09, 2020

What Expert Says On The Report: Almost A Quarter Of Firms Still Not Using Automated AML Checks

the businesses that have yet to implement automation when it comes to AML checks are the late adopters in this case.
This research validates the importance of automated Anti Money Laundering checks in recent years. If your business is online, transaction speed is faster than a team of people can keep up with; automated solutions powered by AI are better at analyzing and acting on large amounts of data. Every adoption cycle has a curve that includes early adopters, mainstream and the late adopters – the businesses that have yet to implement automation when it comes to AML checks are the late adopters in .....Read More
This research validates the importance of automated Anti Money Laundering checks in recent years. If your business is online, transaction speed is faster than a team of people can keep up with; automated solutions powered by AI are better at analyzing and acting on large amounts of data. Every adoption cycle has a curve that includes early adopters, mainstream and the late adopters – the businesses that have yet to implement automation when it comes to AML checks are the late adopters in this case. When it comes to compliance software, the best solutions are solutions that are easy to deploy and adjust, and that don’t compromise other capabilities that do this as well.  Read Less
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@Malini Gujral, Vice President , provides expert commentary for "dot your expert comments" at @Information Security Buzz.
"the businesses that have yet to implement automation when it comes to AML checks are the late adopters in this case...."
#infosec #cybersecurity #isdots
https://informationsecuritybuzz.com/expert-comments/what-expert-says-on-report-tha-almost-a-quarter-of-firms-still-not-using-automated-aml-checks

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SECURELY DOTTED BY

Stephen Kapp, CTO and Founder, Cortex Insight

"Updating and patching systems should be a priority for schools and mandatory for their pupils. "

15 Schools Hit By Cyberattack In Nottinghamshire

Jake Moore, Cybersecurity Specialist, ESET

"In general, malicious actors now use full-blown extortion tactics to make sure they get what they came for in attacks like this. "

Qualys Hit With Ransomware And Customer Invoices Leaked

Ilia Kolochenko, CEO, ImmuniWeb

"Qualys’s response to the incident is a laudable example of transparent and professional handling of a security incident. "

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Natalie Page, Cyber Threat Intelligence Analyst, Sy4 Security

"Due to the nature of this organisation, PrismHR makes for an extremely valuable target to an adversary looking to extract sensitive information. "

Experts Reaction On PrismHR Hit By Ransomware Attack

Lewis Jones, Threat Intelligence Analyst, Talion

"Ransomware renders any files it touches unreadable unless, and until, a victim pays for a digital key needed to unlock the encryption on them. "

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Stephen Kapp, CTO and Founder, Cortex Insight

"An attack like this will not only impact PrismHR but also its customers who will need access to systems in order to pay employees. "

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Richard Walters, CTO , Censornet

"“Careless clicks sink ships.” "

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Saryu Nayyar, CEO, Gurucul

"The evolution of the ObliqueRAT trojan is a good example of how malicious actors are constantly updating their tools and techniques. "

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James McQuiggan, Security Awareness Advocate, KnowBe4

"It is essential to conduct red team or pen testing exercises. "

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Nikos Mantas, Incident Response Expert, Obrela Security Industries

"Data security should be a priority for all organisations today. "

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David Sygula, Senior Cybersecurity Analyst , CybelAngel

"Organisations must constantly scan for leaked documents outside the enterprise perimeter. "

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Satnam Narang, Senior Research Engineer, Tenable

"We expect other threat actors to begin leveraging these vulnerabilities in the coming days and weeks. "

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Sam Curry, Chief Security Officer, Cybereason

"Total transparency is needed and they need to hone in on more specific details and be completely transparent with Enrich members. "

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Florian Thurmann, Technical Director, EMEA , Synopsys Software Integrity Group

"Your organisation won’t be able to determine which of their employees has made a given change in the system. "

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Alan Grau, VP of IoT , Sectigo

"Best-practices for IoT device security include strong authentication and secure software updates. "

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