Financial Crime Goes Big In 2015

Whether people claim that 2015 was the year of the data breach or not, it’s clear that we saw major data breaches in financial institutions through external attacks, insider threats or exploiting serious vulnerabilities in systems. Many incidents were a lack of IT security basics, such as disabling default passwords and accounts or simple implementation errors. There were a number of incidents in financial institutions in 2015 that showcased how dangerous both external hackers...

Whether people claim that 2015 was the year of the data breach or not, it’s clear that we saw major data breaches in financial...

It seems that information security professionals are beginning to focus more on insider threats according to a new report by Ari Kaplan Advisors sponsored by Nuix. The survey shows that budgets have shifted toward internal security, rather than at the perimeter. Unfortunately more professionals know how much they spend on perimeter security than on remediating incidents, which may not be a good trend, but attitudes are shifting. Almost three-quarters (71%) of respondents reported they...

It seems that information security professionals are beginning to focus more on insider threats according to a new report by Ari Kaplan Advisors sponsored...

TJ Kwon, Vice President and CTO of Fasoo, Inc., participated in a Cyber Security session at the 16th KOCSEA Technical Symposium at Harvey Mudd College in Claremont, CA on December 10, 2015. TJ’s presentation was entitled “Fasoo, Security Framework for enterprise document security” where he discussed using the framework as the best way to protect and control sensitive documents from getting into the hands of hackers and other unauthorized users. Fasoo was a sponsor of the...

TJ Kwon, Vice President and CTO of Fasoo, Inc., participated in a Cyber Security session at the 16th KOCSEA Technical Symposium at Harvey Mudd College...

Ron Arden, Vice President of Fasoo, Inc., spoke to members of the Rochester Institute of Internal Auditors (IIA) and Information Systems Audit and Control Association (ISACA) at the Hilton Double Tree Hotel in Rochester, NY on December 10, 2015. Ron delivered a presentation on “Data Protection of Sensitive Information” to this annual event and showed attendees how to use Fasoo’s enterprise digital rights management to protect sensitive information from insider threats and external attacks...

Ron Arden, Vice President of Fasoo, Inc., spoke to members of the Rochester Institute of Internal Auditors (IIA) and Information Systems Audit and Control...

Most of us use enterprise file sharing and sync (EFSS) apps to share files with our colleagues, because they are easy to use and very convenient. These might include Dropbox, Facebook, Microsoft OneDrive, Google Drive, Box, WhatsApp, Twitter, Skype or SugarSync. They are convenient, but you may blacklist them because they could compromise sensitive information. People generally take the path of convenience over security. A lot of people use these services for both business...

Most of us use enterprise file sharing and sync (EFSS) apps to share files with our colleagues, because they are easy to use and...

As we move into the week of Thanksgiving in the US, some of us start thinking about eating, family and football; not necessarily in that order. Others start thinking about shopping for the holidays. Next week is Cyber Monday and I think it’s a little easier on the feet and constitution than Black Friday. I would rather go online and go after all the bargains, rather than waiting in line and fighting all the...

As we move into the week of Thanksgiving in the US, some of us start thinking about eating, family and football; not necessarily in...

Data breaches caused by internal users resulted in 43 percent of the data loss in organizations, with half of those breaches intentional, according to a new study on data exfiltration from Intel Security. Internal users include employees, contractors, and third-party suppliers. Many of these people are privileged users who have legitimate access to sensitive information. Customer information, employee information and intellectual property were the top targets for internal users; they were also the top...

Data breaches caused by internal users resulted in 43 percent of the data loss in organizations, with half of those breaches intentional, according to...

Former Morgan Stanley Financial Adviser Guilty In Connection with Data Breach A former employee of Morgan Stanley pleaded guilty to stealing confidential data from about 730,000 customer accounts. He copied names, addresses, account numbers, investment information and other data to his home computer so he could work on it. While improperly accessing the information, he was interviewing for a new job with two Morgan Stanley competitors. Challenge Your employees access sensitive and confidential customer...

Former Morgan Stanley Financial Adviser Guilty In Connection with Data Breach A former employee of Morgan Stanley pleaded guilty to stealing confidential data from...

The month of October was very busy for Fasoo as we were all over the US talking to people about data-centric security and how it is the best solution to protect your sensitive information from insider threats and external hackers (APTs). We started the month by attending the Rochester Security Summit in Rochester, NY. This two-day event brought together executives and technical staff from numerous organizations in the Rochester area to share intelligence on...

The month of October was very busy for Fasoo as we were all over the US talking to people about data-centric security and how...

I recently wrote an article about hackers getting iOS App developers to use a bogus Xcode development kit downloaded from a Chinese site to create applications. The development kit contained malicious code that caused all types of security problems in iPhone and iPad apps. Read the entire article here. This is a new frontier for hackers. Rather than attacking perimeter security defenses, like firewalls and end point encryption applications, the hackers are getting developers...

I recently wrote an article about hackers getting iOS App developers to use a bogus Xcode development kit downloaded from a Chinese site to...

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