Jul 21, 2020

CrowdStrike - Top 10 Cybersecurity Companies

Technology
Cybersecurity
Kayleigh Shooter
2 min
keyboard
CrowdStrike was featured in our comprehensive list of the Top 10 Cybersecurity Companies in this month's Technology Magazine...

 CrowdStrike is a leading cybersecurity company who specialises in providing endpoint security, threat intelligence and cyber attack response services. The company has investigated many high profile cyber attacks such as the Sony Pictures hack or the Democratic National Committee cyber attacks.

CrowdStrike is powered by artificial intelligence which allows the company to harness the power of big data and AI to empower its team to protect you and your business against cyber threats of all types. The company is also cloud native which eliminates complexity and also simplifies development which drives down costs and ultimately benefits the customer meaning they pay less for protecting their business against threats.

CrowdStrike has recently added machine learning protection to its growing portfolio of protection services. The company prides itself on protecting its customers from cyber attacks which are ever more prevalent as technology advances. All companies need to be aware of these growing threats as anybody can fall victim to an attack. This was proved last week when the social media giant fell victim to bitcoin hackers who gained unauthorised access to the personal information of many high profile individuals. Many high profile and large corporations have been the victim of hacks and scams leading to data breaches and unauthorized access to sensitive information. 

What is cybersecurity?

Simply put, cybersecurity is protection against threats in computer systems and networks that aim to steal sensitive data or damage hardware. In an ever-changing digital world, cybersecurity is at the heart of every business and at the front of everybody's mind. Cybersecurity threats arise every day and companies and people have to continuously adapt to overcome these dangers and not fall victim to the threats.

CrowdStrike's integral and sole purpose is to keep you safe and this is especially prevalent at the minute as we are locked indoors and are more likely to fall for these scams and phishing resulting in scammers being able to gain access to your sensitive information.

Hackers have even been coming up with new ways to try and trick the vulnerable amongst us during the coronavirus pandemic, with scams such as making people pay for fake NHS COVID-19 tests. People need to be made aware of what to look out for and telltale signs of a scam and never open email attachments unless you fully trust the sender.

Read the full list of the top ten cybersecurity companies here

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May 13, 2021

Report: Financial institutions face cloud-based threats

Cloud
Technology
Data
DigitalTransformation
2 min
Infoblox research finds financial services cite biggest future fears as cloud vulnerabilities, IoT attacks, and data manipulation

Infoblox, a company that offers secure cloud-managed network services, has unveiled new research into how the COVID-19 shutdowns challenged the financial services industry’s core infrastructure. 

Over one year into the pandemic, different financial institutions report costly consequences to falling short of protecting their data storage from cloud-based attacks and network disruptions. The report is based on more than 800 responses from IT professionals working in the financial services industry in North America, Latin America, Europe, and the Asia-Pacific region.

Report highlights: 

 

  • Data breaches are an increasingly significant cost burden for the industry: Worldwide, financial firms that experienced a data breach reported estimated average losses of roughly $4.2 million per attack, with U.S. organisations hit hardest at $4.7 million in estimated losses.
  • Network outages also result in costly burdens: Institutions lose an estimated $3.2 million on average with Asia-Pacific followed by European institutions carrying the heaviest losses at $4.3 million and $3.1 million respectively.
  • The industry remains a popular target for cloud-based attacks: Over half of all organisations (54%) surveyed suffered a data breach in the last 12 months with 49% plagued by a cloud malware attack as well.
  • Cloud and network-based attacks will continue to be a major threat vector: More than 50% of respondents expect to face a combination of IoT attacks, cloud vulnerabilities including misconfigurations, and data manipulation attempts over the next 12 months.
  • Threat resolution teams are embracing network visibility for security hygiene: Globally, network monitoring (76%), threat intelligence (64%), and threat hunting (57%) are considered the most effective mitigation tactics against these threats.

Even before the pandemic, tech companies were increasingly seeking moves to the cloud. The COVID-19 crisis has accelerated the adoption of cloud computing by the financial sector as part of its process of digitalisation. As companies transition and move data, there can be a lack of protection due to a number of factors such as undertrained staff and insufficient firewalls.

“The financial services sector has long been a target for bad actors who are following the cyber money trail into the cloud,” said Anthony James, VP of Product Marketing at Infoblox. “As the pandemic pushed IT infrastructures to rely on remote work, cloud-based technologies that enabled digital transformation also created soft spots for cyber criminals to exploit.”

“This report shows us that cloud compromise has become the biggest cybersecurity issue for financial institutions and the investments they are making to protect themselves,” James continued.

 

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