Open banking: Security to drive financial revolution
If you think 2018 was a transformative year for the Australian financial services sector, this year has been just as eventful.
If you think 2018 was a transformative year for the Australian financial services sector, this year has been just as eventful.
The increasing digitisation of our world has transformed the way in which we live and work. Although living in an increasingly connected world has produced many benefits it has also created new challenges. One being the unrelenting risk of cyber crime which is perpetually on the rise. Not only are the types of cyber threats increasing, so too are the number of cyber criminals.
What do storms, volcanoes and cyber attacks have in common? All can have a devastating impact on society and all have claimed a spot on the World Economic Forum’s top global risks of 2018 list. Last year, the global cost of cybercrime was estimated to exceed $600 billion, equating to around 0.8 per cent of global GDP. An eye-watering amount.
Watch out, computer security professionals: Cloud computing vendors are coming for your jobs.
A group of security companies say a collaborative effort has helped counter several hacking tools used by a China-based group most known for provoking strong condemnation from Google four years ago.
Automated incident response is one of the fastest growing fields in computer security. Alternatively called threat monitoring, vulnerability management or threat management, it encompasses the seemingly impossible task of defending a network from active threats as they happen, in addition to detecting every possible vulnerability that could be exploited by an attacker.
It's been 20 years since Check Point Software Technologies shipped its first enterprise network firewall, marking the beginning of a mass market for firewalls that has protected millions of networks across the world.