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Less than one in 10 Americans take necessary steps to prevent identity theft

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Think of all the ways you could be a victim of a crime. Do you classify any of these methods as inevitable? In almost every scenario, it is not even close to inevitability, with one major exception: Identity theft.  

Your data may already be exposed online.

The Collection 1 dump of 773 million email addresses and 22 million passwords, was part of a much larger set of databases containing over 3.5 billion user records and placed online. The largest public data breach by volume shows that you can not be too careful with your online records. 

But do we care about our online data?

Plantation, Fla.-based SaaS access control company ERP Maestro surveyed 2,000 Americans ages between 18 and 82 in December 2018. It wanted to find out about their experiences and perception of cybercrime and identity theft

It discovered that three out of four Americans (76 percent) believe that it is inevitable that they will be victims of identity theft or cybercrime. However, almost half (48 percent) of respondents said that they are not concerned about it.

Over one in three (37 percent) of Americans say that they have already been victims of cybercrime and identity theft. Many of these have fallen victim to credit or debit charges (64 percent), stolen information (16 percent), or employment or tax fraud (6 percent)

The top states with prevalence of identity theft are: 1. Michigan, 2. California, 3. Florida, 4. Maryland, and 5. Nevada. West Virginia, and South Dakota have the least amount of identity theft.


ERP Maestro

Sadly, only 32 percent of victims think they could have prevented the crime,  and three out of four victims said that they did not change their online behaviour after the identity theft or cyber crime happened.

Almost half (48 percent) thought that the incident was a big issue, causing them a lot of time, while others complained of losing a little money (19 percent), damaged credit ratings (11 percent), losing a lot of money (10 percent), or hurting their reputation (4 percent).

One in three felt there were no real consequences from the data compromise.

To prevent identity theft or cyber crime, almost four out of five (77 percent) of Americans look for fraudulent debit or credit charges on their account. Three out of five (60 percent) use very complex passwords, and 55 percent use firewalls or anti virus software at home.

Almost three out of four said that high profile data breaches –- such as Facebook, Twitter, and Marriot breaches in 2018 — have caused them to change their online behaviour.

Over half of Americans (57 percent) believe if something happens, the damage will just get reversed, and less than one in 10 (9 percent) carry out the necessary steps to prevent cash disappearing from their accounts by freezing inactive credit cards.

Both businesses and consumers need to assess their security risk and take all steps possible to prevent identity theft happening. Complacency will lead to ever larger data breaches — until no one’s data is safe.

Previous and related coverage:

Who is really in the driver’s seat? Unknown digital threats to your car’s security

The technology managing the systems in our cars could be open drivers up to the risk of hacking. Find out the most common digital threats to our cars, and how you can reduce your risk.

Two thirds of US consumers say Government should do more to protect data privacy

In the wake of breaches, US consumers are concerned more than ever about their data.

Four out of five Americans distrust mainstream social media sites like Facebook

Americans are so disillusioned by social media, that many are turning to forums for trustworthy information.

Betrayal by CGI: Almost half of Gen Y and Z don’t know they’re following a bot

What if the influencer you had been following on Instagram — whose choices you admired, and whose social causes that you believed in — turned out to be a robot?

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Adventist Risk Management Data Protection Infrastructure

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Companies always want to enhance their ability to quickly address pressing business needs. Toward that end, they look for new ways to make their IT infrastructures more efficient—and more cost effective. Today, those pressing needs often center around data protection and regulatory compliance, which was certainly the case for Adventist Risk Management. What they wanted was an end-to-end, best-in-class solution to meet their needs. After trying several others, they found the perfect combination with HYCU and Nutanix, which provided:

  • Ease of deployment
  • Outstanding ROI
  • Overall TCO improvement

Nutanix Cloud Platform provides a software-defined hyperconverged infrastructure, while HYCU offers purpose-built backup and recovery for Nutanix. Compared to the previous traditional infrastructure and data protection solutions in use at Adventist Risk Management, Nutanix and HYCU simplified processes, speeding day-to-day operations up to 75%. Now, migration and update activities typically scheduled for weekends can be performed during working hours and help to increase IT staff and management quality of life. HYCU further increased savings by providing faster and more frequent points of recovery as well as better DR Recovery Point Objective (RPO) and Recovery Time Objective (RTO) by increasing the ability to do daily backups from one to four per day.

Furthermore, the recent adoption of Nutanix Objects, which provides secure and performant S3 storage capabilities, enhanced the infrastructure by:

    • Improving overall performance for backups
    • Adding security against potential ransomware attacks
    • Replacing components difficult to manage and support

In the end, Nutanix and HYCU enabled their customer to save money, improve the existing environment, and, above all, meet regulatory compliance requirements without any struggle.

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Secure Insight: GigaOm Partners with the CISO Series

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Don’t look now, but GigaOm, the analyst firm that enables smart businesses to future-proof their decisions, is forging new partnerships to extend its reach and better inform busy IT decision makers. On Thursday, the company announced it was teaming with the CISO Series to share content and better support the community of chief information security officers, security practitioners, and security vendors.

“The CISO Series is one we have admired for a while because they have a very similar aim: They help security professionals become more knowledgeable and understand how their roles are changing,” said Ben Book, GigaOm founder and CEO. “We saw a clear common interest and are delighted to be working together.”

The CISO Series brand has built a formidable reputation through its podcasts, blogs, video chats, and live events for the security community. It has added the extremely popular CyberSecurity Headlines podcast to its stable this year, which joins the CISO/Security Vendor Relationship and Defense in Depth podcasts. Every Friday at 10am Pacific Time, the CISO Series hosts its highly engaging and fun weekly live CISO Series Video Chat, which viewers can register for here.

The channel partnership connects two of the strongest, fastest-growing brands in enterprise IT content production. The agreement enables the CISO Series to share exclusive GigaOm reports with its audience ahead of publication, while GigaOm is able to share insights from the CISO Series’ various publications through its social channels and newsletters. The CISO Series joins other media firms, such as The Register and SDXCentral, as official GigaOm Channel Partners.

“We are delighted to be working with GigaOm because we’re not only both addressing the same audience, but we’re also both trying to bring education and understanding to both the security vendor and practitioner communities,” said David Spark, managing editor and executive producer at the CISO Series. “GigaOm is providing some excellent reports that we’re leaning on for our discussions and reporting across all of our shows.”

Spark continued: “We are always tweaking our programming to bring the best and most up-to-date resources and we’re really impressed with both the volume and quality GigaOm is delivering. Not only are we impressed with their editorial work, but we also appreciate their business branding. It’s something we felt comfortable about aligning with the CISO Series brand as well.”

Check out the CISO Series schedule at http://crowdcast.io/cisoseries, or visit cisoseries.com for more information about the CISO Series and its weekly Video Chats.

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Key Criteria for Evaluating Vulnerability Management Tools

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Vulnerability management tools scan your IT estate to help identify and mitigate security risks and weaknesses. These tools can facilitate the development of a more comprehensive vulnerability management program. Leveraging people, processes, and technologies, successful initiatives effectively identify, classify, prioritize, and remediate security threats.

A security vulnerability is a weakness that can compromise the confidentiality, integrity, and availability (CIA) of information. Attackers are constantly looking to exploit defects in software code or insecure configurations. Vulnerabilities can exist anywhere in the software stack, from web applications and databases to infrastructure components such as load balancers, firewalls, machine and container images, operating systems, and libraries. This includes code used in the CI/CD pipeline as well as the infrastructure-as-code (IAC) that defines the compute, network, and storage infrastructure.

Recent cybersecurity events have exposed widespread vulnerabilities involving the exploitation of zero-day malware and unknown weaknesses. Threat actors continually discover new exploitation tactics, techniques, and procedures (TTPs) to take advantage of weaknesses throughout integrated systems. Moreover, identifying breach paths is increasingly complicated due to the widespread adoption of ephemeral services.

Vulnerability management solutions should provide end-to-end visibility of the protect-surface by aggregating both platform and application risks in a single pane of glass, while leveraging prioritized remediation based on business risk and threat context for efficiency. Containerized workloads deployed via DevOps pipelines have unique security requirements that demand a fully integrated vulnerability assessment to be automated into cloud platform services running containerized workloads.

The path to a mature security posture starts with the ability to identify vulnerabilities in software code, third-party libraries, and at runtime. In addition, the cloud platform used to host your applications should be scanned for misconfigurations. This requires the use of policy configuration baselines, benchmarks, and compliance standards that apply to both the infrastructure and the code used to build it. As organizations implement security guardrails early in the software development lifecycle (SDLC), they can take advantage of cloud-native culture to ensure network and security tools are used throughout all phases of the SDLC.

This GigaOm report explores the key criteria and emerging technologies that IT decision makers should evaluate when choosing a vulnerability management solution. The key criteria report, together with the GigaOm radar report that evaluates relevant products, provides a framework to help organizations assess the solutions currently available on the market and how these tools fit with their requirements.

How to Read this Report

This GigaOm report is one of a series of documents that helps IT organizations assess competing solutions in the context of well-defined features and criteria. For a fuller understanding consider reviewing the following reports:
Key Criteria report: A detailed market sector analysis that assesses the impact that key product features and criteria have on top-line solution characteristics—such as scalability, performance, and TCO—that drive purchase decisions.

GigaOm Radar report: A forward-looking analysis that plots the relative value and progression of vendor solutions along multiple axes based on strategy and execution. The Radar report includes a breakdown of each vendor’s offering in the sector.

Vendor Profile: An in-depth vendor analysis that builds on the framework developed in the Key Criteria and Radar reports to assess a company’s engagement within a technology sector. This analysis includes forward-looking guidance around both strategy and product.

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