A growing number of companies are implementing rules that assure greater compliance with government requirements and safe storage of critical company data. Loss of business data may not only result in penalties but also cause loss of reputation, customer trust, & finances.

Following are the most common methods used by businesses to protect corporate communications from cyberattacks:

• PII (Personally Identifiable Information) data usage and security: A company's corporate data usage policy should explicitly define what constitutes acceptable use of the data. The PII data policies must evidently state whether corporate and/or personal use is permitted, and if yes, then what will be the scope of it. If employees are granted personal use, steps should be taken to outline what types of correspondence will be considered unacceptable or offensive.

• Installing DLP (Data Loss Prevention) tools to prevent unauthorized transmission of company secrets: Up to 90% of a company's intellectual capital now exists in digital form. It has been estimated that the loss of critical business information via cybersecurity incidents to more than USD 24 Billion per year. It's vital that every employee understands the critical seriousness of transmitting company data. Hence, a deploying DLP solution is beneficial to not just detecting but also preventing the loss of critical and sensitive data via business communications.

• Complying with business-specific standards and government regulations: The HIPAA (Health Insurance Portability and Accountability Act) and the Gramm-Leach-Bliley Act regulate data privacy. The acts detail specific measures that regulated companies must take to adequately protect customer data. The Securities and Exchange Commission requires organizations to comply with certain privacy and auditing standards, security controls, and mechanisms.

• Monitoring employees’ behaviors and usage of internet and corporate devices: The company is eventually responsible for any employee’s misuse of corporate devices, assets, and data. Hence it is required to responsibly monitor, review and inspect its employees' communications. The allowed use and acceptable behavior should be articulated in a company’s communications policy, and each employee should be required to sign an agreement for the same.

• Creating a Cybersecurity program and install security tools to strengthen the security posture: Integrations with applications that can scan messages and attachments are essential. Installation of SOC (Security Operations Center) along with the requisite software solutions is of utmost importance to strengthen the security posture of the organization.

• Categorizing different types of information and their scope of usage: Filters should be established to look for potentially offensive or defamatory business correspondence. All outbound data transmission should be scanned for project names and other keywords that might indicate that confidential content may be about to leave the organization. Alerts that are flagged by the content filtering tools should be blocked outright or stripped off their attachments.

• Implementing PoLP (Principle of Least Privilege): Within the company, a completely secure-communications strategy should establish graduated degrees of privilege for users. IT administrators should leverage this categorization to apply contextual logic to groups of content. For example, different types of sensitive corporate content should demand different levels of clearance to be approved for data and information distribution.

• Deploying an appropriate encryption scheme to protect corporate email data: To safeguard every digital material that is approved for transmission beyond a specific sensitivity threshold, strict criteria should be implemented. Unless linked via a VPN, personnel data related to HR, blueprints, contract agreements, business strategies, and other sensitive information should not be transmitted between individuals in remote locations.

• Implementing using VPNs (Virtual Private Networks) to facilitate remote working: VPN Policies can be used to establish trusted communication channels between distributed sets of users that eliminate the threat of eavesdropping. Based on the identity of the sender and recipient, policy rules can be created to secure all communications between particular individuals or specific groups of users.

• Privacy and Security of data-in-transit and data-at-rest: Data policy rules can be set to secure the data stored in servers at the backend as well as the data getting transmitted and exchanged between senders and recipients. Encrypting all communications between certain persons of importance (for example, the CEO and CFO) or groups of users (remote finance departments, legal division and outside law firm, executive management, and R&D, etc.) is of utmost importance.

Securing corporate communications should start with the company's formation. Physical controls must be in place before new gadgets & infrastructure may be incubated. To safeguard company communications, qualified security staff must be employed and trained. 

Centex Technologies provides advanced cybersecurity solutions to businesses. To know more about securing business communications, contact Centex Technologies at Killeen (254) 213 - 4740, Dallas (972) 375 - 9654, Atlanta (404) 994 - 5074, and Austin (512) 956 – 5454.

Data science is a field of study that combines domain expertise, programming, mathematics and statistics to extract meaningful information from data. Cyber security and data science are two rapidly growing fields of computer science. Data science can be integrated with cyber security to develop cybersecurity data science.

The important question that arises is: Why Should Data Science Be integrated With Cyber Security?

Here are some reasons to answer this question:

• Hackers make use of more sophisticated techniques (including Artificial Intelligence) than ever to perform cyber attacks.
• Big data regarding cyber security grows and changes at a fast pace.
• The junk of big data needs to be converted into information for being useful.
• In order to formulate an effective cyber security protocol, it is important to understand ‘how’ of an attack in addition to ‘what’.

Once the reasons for integrating cyber security with data science are understood, it is required to understand how to integrate cyber security with data science. Easiest way to do so is to make use of data science for three basic tasks:

• Classification: It is the step of using data science practices for predicting data labels for a set of data being studied.
• Regression: The goal of regression is to study if different factors effect each other, and if yes, then to what extent. A simple example of integrating data science regression techniques in cyber security is to discover suspicious HTTP requests.
• Clustering: Clustering techniques attempt at sorting the big data into various groups based on data points that resemble one another. It includes analysis of a new found threat to decide the category it belongs to. A practical example of clustering techniques in cyber security is to identify if user credentials have been stolen.

The next important question that needs to be answered is – What is the benefit of integrating cyber security with data science?

Integration of cyber security with data science helps in tackling cyber threats at a faster pace and with higher efficiency. Here are some benefits of integrated cyber security data science:

• Data science techniques enable computers to use and adapt various algorithms based on cyber security data they receive, learn from it, and understand the required consequent enhancements.
• Biometric authentication and user recognition patterns help in reducing the chances of identity theft.
• Integrating data science helps in detecting and preventing phishing attacks by detecting anomalies in behavior.

For more information on integration of cyber security with data science, contact Centex Technologies at Killeen (254) 213 - 4740, Dallas (972) 375 - 9654, Atlanta (404) 994 - 5074, and Austin (512) 956 – 5454.

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Digital wallets are virtual wallets that store financial information and identification documents and allow users to conduct online/offline transactions. Depending on the type of digital wallet, it may contain debit, credit, prepaid, and loyalty card data, as well as personal information like a driver's license, health card, and other identification documents. Cyber criminals can make efforts to get access to this information for monetary benefits.  In order to stay protected, it is important to have in-depth knowledge of the prevailing security risks.

Following is a list of some of the well-known security risks associated with digital wallets:

Attempting to tamper with the application connected to the digital wallet

Backdoor in a mobile payment app allows an attacker to steal login credentials and transfer them to a server controlled by the attacker. This may allow attackers to use information in digital wallet for fraudulent activities.

Exploiting the vulnerabilities of the application connected to the digital wallet

Unauthorized access to mobile payment capability might arise as a result of an attack on mobile payment APIs used for in-app purchases. This may allow attackers to carry out fraudulent transactions.

Theft of bank and credit card accounts linked to the mobile payment app can also lead to fraud. A fraudster might potentially take advantage of flaws in the registration process to add a new mobile device to the user profile and use it to make fraudulent transactions.

Malware/rootkits installation

Rootkit is a serious threat vector that may be used to directly monitor and hijack/alter API requests as they are marshaled to and from the API endpoint connected to the digital wallet. Attackers may manipulate variables in transit, such as payment amounts.

Permissions for gaining access to the device operating system

With the approval of the user, an OS may grant access to particular resources. Even if a program isn't malicious, having certain permissions might allow it to access sensitive information which can be utilized by another app to get unauthorised access to information stored in the digital wallet installed on the device.

Verifying identities of users

On a stolen device, if a hacker is able to circumvent biometric authentication, user’s complete financial/ payment information would be compromised and payments can be made. In some cases, users may authorize payments by just inputting the lock screen pattern on a mobile phone. Because this information can be easily accessed by eavesdropping, it might encourage opportunistic attackers to hijack a device and make payments on the victim’s behalf.

Payments that are illegitimate

If the card issuer’s terms and conditions are not followed, the issuer may refuse to take culpability for fraud.

Payment transaction accountability

To make a payment, the providers demand fingerprint authentication. There have been instances where fingerprint authentication has been bypassed or compromised on mobile devices. Also, when several users have access to the device, accountability is compromised and it might be difficult to identify the individual who made the payment.

Stolen equipment has a larger attack surface

If a device connected to a digital wallet is stolen, criminals may be able to acquire access to payment cards.

Phishing and social engineering assaults

As digital wallets become more widely adopted, attackers may be enticed to launch attacks imitating genuine applications to seek credit card details. They may also resort to phishing and social engineering in an attempt to persuade users to provide the information required to carry an attack.

Centex Technologies provides advanced cybersecurity solutions to businesses. For more information, contact Centex Technologies at Killeen (254) 213 - 4740, Dallas (972) 375 - 9654, Atlanta (404) 994 - 5074, and Austin (512) 956 – 5454.