RSA Conference includes Guardian Analytics, other top security and fraud vendors

Guardian Analytics, a top firm that develops behavioral analytics and machine learning solutions for preventing banking and enterprise portal fraud, are among the attendees of the 2017 RSA Conference.guardian logo now

The conference, which is Feb. 13 -17, at the Moscone Center in San Francisco, sees the top security and risk conference for the industry. Attendees rub elbows with top security leaders and pioneers, hear about new approaches to info security, learn about the latest technology and make contacts that can be invaluable.

Guardian Analytics developers will feature their Real-Time Payment Fraud Detection solutions, which offer the industry’s fastest and most accurate technology to detect wire fraud, Business Email Compromise and enable safe roll-out of same-day ACH.

In addition, the company will showcase its Omni-Channel Visual Analytics, which gives financial institutions unique 360-degree insights into customer fraud risk and behavior, and an unparalleled cross-channel view of criminal activity. With these new solutions, Guardian Analytics delivers the industry’s most advanced fraud prevention and real-time control over fraud risk, Guardian Analytics’ CEO says.

“Our Fraud Prevention platform leverages the power of behavioral analytics and machine learning algorithms to detect threats and alert security staff to help prevent fraudulent account activity,” said Laurent Pacalin, president and CEO of Guardian Analytics. “The RSA Conference offers a great venue to discuss recent security threats such as Business Email Compromise and to showcase our leadership among the fraud detection space.”

Attendees can contact Stephen Walsh, Vice President Global Sales, swalsh@guardiananalytics.com

Other attendees include Cyber Ark, Palo Alto, LockPath, ThreatMetrix, Splunk and many others.

Assessing customer risk, vendor risk and preventing cyber debacles

By John Guerra

Editor, GRC & Fraud Software Journal
As we enter 2017, the president of the United States has pledged extreme reductions in federal regulations and compliance rules. The president and his cabinet picks, several of whom are billionaires and creatures of Wall Street, have shown disdain for conflict of interest rules and eschew transparency in reporting their personal finances. Those attitudes could loosen accountability in America’s business sector, behaviorists warn.

There are other challenges facing the GRC and fraud solutions space, so we’ve asked several top companies to predict what their clients may face in the next 12 months.

Sam Abadir, LockPath

Sam Abadir, LockPath

This week, Sam Abadir, director of product management for LockPath, weighs in with his thoughts.

 

Cybersecurity: Customers demand data security

Billions will be spent on cyber security by thousands of companies. Only a fraction of those companies will get the full value from their investments.
Governments, insurance agencies, consumers and more are demanding that their stakeholders keep their data safe while respecting their privacy.

Organizations, in turn, will increasingly invest in cyber tools such as SIEMs, vulnerability scanners, and threat feeds. Other companies are already building a robust governance framework to ensure their policies address risks, legal concerns and best practices.

Each element of cybersecurity is important and vital for a successful cybersecurity program. Companies, however, may overlook the duplicative and separate efforts required to manage every tool, every feed, and every component of a cybersecurity program.

This extra and unnecessary burden will slow down efforts, make reporting inefficient and ineffective, and add unnecessary complications and delays to cybersecurity programs. Those drawbacks make these programs not only more costly, but less secure.

Government will mandate cyber risk management

Cyber risk management of all disciplines will be mandated by governments, first at the industry level and then across all businesses.

Cyber criminals are here to stay. They will continue to hack into businesses and accounts belonging to celebrities, politicians, financial institutions, healthcare organizations, utilities, and just about everywhere else.

If the data is valuable, the criminals will try to steal it.

We have already seen healthcare and financial services industries create and develop rules and compliance regulations that require cybersecurity.

Because regulators are liberated from the politics that can influence their world, they often set rules before laws are widely enacted.

We should expect more industry regulators to bring cybersecurity into their management – long before highly partisan government officials make unified decisions on laws.

State legislatures will start pushing laws that require industries to protect their cyber assets. This likely will happen at an industry level first because so many states have three or fewer dominant industries states must protect. Many states will develop laws that are stronger or slightly different than federal regulations – causing organizations extra consideration and extra cost in reporting.

Vendor risk management will focus on customers

Vendor risk management practices will extend to customers as vendors are fined for customer support.

Organizations will focus more on reducing risk to suppliers, customers, and suppliers. As companies deepen their knowledge of operational and compliance risks, they will learn how suppliers and customers add to their risks.

Everyone by now has heard about how an HVAC vendor was partially responsible for the cybersecurity breach at Target, which may have led to the theft of millions of credit card numbers and other customer account information.

It makes sense that material suppliers can impact the overall quality of goods manufacturers make. The actions of customers also can be risky to organizations that supply them with goods and services.

It’s easy to imagine Internet providers assessing customers on their propensity to download illegal content. Why shouldn’t Internet providers report or punish customers that use the Internet to perform illegal actions? After all, such behavior can point out those who are creating problems before major hacks and theft occurs.

As organizations get wiser about risk and how customers and vendors impact risk, they will act to manage that risk, including assessments, monitoring key performance and risk indicators, and start rationalizing their vendors and their customers.

For more about LockPath, developers of the KeyLight Platform, go here.

 

 

Americans view Russia as big cyber threat, survey shows

By Intissar Guettou, ReportLinker

trump hackFollowing the news on Russian hackers acting to aid Donald Trump in the presidential election and the official announcement that 1 billion Yahoo accounts had been hacked – risk, compliance and fraud professionals are finding interesting viewpoints in ReportLinker’s survey on cybersecurity, Edward Snowden, and the perception of Americans towards cyber attacks.

The key findings of Reportlinker’s report on national security:

 

  • 53 percent of U.S citizens believe Russia represents the biggest cybersecurity threat for the country.
  • 52 percent of Americans believe the nation is prepared to face a cyber-attack.
  • 64 percent of US respondents agree the government should have enhanced surveillance powers and 52 percent declared the FBI should have access to encrypted information.
  • Surprisingly, more than a third of Americans say they’ve never heard of Edward Snowden and one in four respondents say he should be pardoned for revealing the U.S. government’s global surveillance program.
  • And, finally, 55 percent of Americans say they feel their data is safe from hackers.

 

Reportlinker Insight combines analysis and exclusive investigations. The group studies innovations as well as social and economic megatrends to understand the world of tomorrow.

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