SECURITY NEWS
Cloudflare takes on online fraud detection market
Cloudflare , a security , performance and reliability company helping to build a better Internet , has announced it is entering the fraud detection market to help businesses quickly identify and stop online fraud-including fraudulent transactions , fake account signups , account takeover attacks and carding attacks – before it impacts their brand or their bottom line .
Powered by sophisticated Machine Learning models and global threat intelligence , Cloudflare is developing Cloudflare Fraud Detection to quickly stop account and payment fraud while also blocking the bots and humans behind it – automatically and at global scale .
Digital fraud threats are ever-evolving , highly targeted and can be committed by both humans and bots . According to PWC ’ s Global Economic Crime and Fraud Survey , more than half of companies with at least US $ 10 billion in revenue experienced some sort of digital fraud in the last two years – the highest level in decades . Today , businesses often employ resource-heavy teams or rely on multiple vendors to help fight fraud .
However , both options can hinder the speed and experience of a customer ’ s transaction . What ’ s more , they inherently lack access to robust threat intelligence , making it harder for businesses to understand if fraud is coming from a bot or a human and then stop it in real time . As attacks increase in volume and attackers evolve their tactics , businesses need a faster , more comprehensive way to stop attacks the moment they are detected .
Rubrik Zero Labs research reveals effects on leadership after cyberattacks
IT and security leaders must address , on average , one cyberattack per week according to a new study released by Rubrik Zero Labs , titled The State of Data Security .
Rubrik , a Zero Trust data security company , gathered insights from more than 1,600 security and IT leaders including CISOs , CIOs , VPs and directors across 10 countries . The findings exposed rising security risks for organizations , resulting in widespread damage to organizations and their IT and security teams .
Steven Stone , Head of Rubrik Zero Labs , said : “ It ’ s clear from this research that cyberattacks continue to produce large impacts against global organizations and the effects are compounding . In addition to this rise in frequency and impacts of cyberevents , the individuals on the front lines are taking a psychological hit on their well-being .
“ Trust is down and anxiety is up . Without a proactive and reliable approach to defend against modern cyberthreats and strengthen confidence in an organization ’ s ability to resolve these cyber-events , these impacts – both human and organizational – will continue to worsen and feed each other . The good news is we ’ re also seeing pragmatic , proven strategies in this same space paying off and we can build off these approaches .”
12 www . intelligenttechchannels . com / latam