How financial services firms can responsibly adopt AI while navigating growing regulatory complexityHow can financial services harness AI's power while managing an increasingly complex regulatory environment? This was the central question addressed by experts at our recent Elastic Financial Services Summit. Matt Minetola, CIO at Elastic, brought deep FinServ technology … [Read more...] about How financial services can balance AI innovation with compliance
Services
Transforming fraud detection: AI and Elastic Security in financial services
Fraud in financial services is becoming more sophisticated, costing the industry billions annually and eroding customer trust. Recently, Deloitte published an article highlighting the risk AI brings in the form of fraudsters to the financial services industry: “Fake content has never been easier to create — or harder to catch. As threats grow, banks can invest in AI and other … [Read more...] about Transforming fraud detection: AI and Elastic Security in financial services
CrowdStrike Insider Risk Services Defend Against the Threats Within
Insider threats are among the most elusive and damaging forms of cybersecurity risk. According to the Ponemon Institute, 71% of organizations experienced between 21 and 41 insider incidents in 2023, up 67% over the previous year. The average annual cost of insider threats also climbed to $16.2 million per organization, the report found. Insider threats begin with … [Read more...] about CrowdStrike Insider Risk Services Defend Against the Threats Within
CrowdStrike Launches AI Red Team Services to Secure AI Innovation
As organizations race to adopt generative AI (GenAI) to drive efficiency and innovation, they face a new and urgent security challenge. While AI-driven tools and large language models (LLMs) open vast opportunities, they also introduce unique vulnerabilities that adversaries are quick to exploit. From data exposure to supply-chain risks, the potential for threats to AI systems … [Read more...] about CrowdStrike Launches AI Red Team Services to Secure AI Innovation
VEILDrive Attack Exploits Microsoft Services to Evade Detection and Distribute Malware
Nov 06, 2024Ravie LakshmananSaaS Security / Threat Detection An ongoing threat campaign dubbed VEILDrive has been observed taking advantage of legitimate services from Microsoft, including Teams, SharePoint, Quick Assist, and OneDrive, as part of its modus operandi. "Leveraging Microsoft SaaS services — including Teams, SharePoint, Quick Assist, and OneDrive — the attacker … [Read more...] about VEILDrive Attack Exploits Microsoft Services to Evade Detection and Distribute Malware
Chinese Hackers Use CloudScout Toolset to Steal Session Cookies from Cloud Services
Oct 28, 2024Ravie LakshmananCloud Security / Cyber Attack A government entity and a religious organization in Taiwan were the target of a China-linked threat actor known as Evasive Panda that infected them with a previously undocumented post-compromise toolset codenamed CloudScout. "The CloudScout toolset is capable of retrieving data from various cloud services by … [Read more...] about Chinese Hackers Use CloudScout Toolset to Steal Session Cookies from Cloud Services
Hidden dangers of free VPN services
Regarding VPNs, a popular refrain these days goes something like: “Why bother paying for a VPN when there are tons of free ones out there?” But are free VPN services truly free? This post explains why thinking they are is misguided, and offers the optimal solution: one of the fastest and most secure VPN apps on the planet. First there was: “There’s no such thing as a free … [Read more...] about Hidden dangers of free VPN services
Elastic Cloud is now available on Amazon Web Services (Zurich)
Elastic Cloud gives you the flexibility to run where and how you want. Deploy in the cloud on Google Cloud, Microsoft Azure, Amazon Web Services, or all the above. You can choose to use our managed service offering or manage the service yourself with built-in automation and orchestration tools.When you log in to the Elastic Cloud console, simply select your region and preferred … [Read more...] about Elastic Cloud is now available on Amazon Web Services (Zurich)
CrowdStrike Launches SEC Readiness Services to Prepare for New Regulations
CrowdStrike is today debuting CrowdStrike SEC Readiness Services to guide organizations along the path to compliance as they navigate the new SEC cybersecurity disclosure rules. These services, powered by the AI-native CrowdStrike Falcon® XDR platform and industry-leading CrowdStrike Services team, give customers the insight they need to harden defenses, make materiality … [Read more...] about CrowdStrike Launches SEC Readiness Services to Prepare for New Regulations
New AMBERSQUID Cryptojacking Operation Targets Uncommon AWS Services
Sep 18, 2023THNCloud Security / Cryptocurrecy A novel cloud-native cryptojacking operation has set its eyes on uncommon Amazon Web Services (AWS) offerings such as AWS Amplify, AWS Fargate, and Amazon SageMaker to illicitly mine cryptocurrency. The malicious cyber activity has been codenamed AMBERSQUID by cloud and container security firm Sysdig. "The AMBERSQUID operation was … [Read more...] about New AMBERSQUID Cryptojacking Operation Targets Uncommon AWS Services