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APIs: Unveiling the Silent Killer of Cyber Security Risk Across Industries

APIs: Unveiling the Silent Killer of Cyber Security Risk Across Industries

Oct 02, 2023 API Security / Penetration Testing
Introduction In today's interconnected digital ecosystem, Application Programming Interfaces (APIs) play a pivotal role in enabling seamless communication and data exchange between various software applications and systems. APIs act as bridges, facilitating the sharing of information and functionalities. However, as the use of APIs continues to rise, they have become an increasingly attractive target for cybercriminals and a significant cybersecurity risk across various industries. This article dives into the world of APIs, exploring why they pose substantial cybersecurity challenges and providing real-world examples of API breaches across different sectors. Download  API Security Guide . The API Revolution The proliferation of cloud computing, mobile apps, and the Internet of Things (IoT) has accelerated the adoption of APIs. They serve as the building blocks of modern software applications, enabling developers to integrate third-party services, enhance functionalities, and c
MSPs and MSSPs Can Increase Profit Margins With Cynet 360 Platform

MSPs and MSSPs Can Increase Profit Margins With Cynet 360 Platform

Aug 11, 2021
As cyber threats keep on increasing in volume and sophistication, more and more organizations acknowledge that outsourcing their security operations to a 3rd-party service provider is a practice that makes the most sense. To address this demand, managed security services providers (MSSPs) and managed service providers (MSPs) continuously search for the right products that would empower their teams to deliver high-quality and scalable services. Cynet 360 Autonomous Breach Protection platform offers a multitenant security solution for MSSP/MSP, providing automated, all-in-one products that include a robust SOAR layer, on top of attack prevention and detection. (Learn more about  Cynet's partner program for MSPs and MSSPs  here). Service providers typically have a skilled security team at their disposal. The challenge is how to leverage this skill to serve as many customers as possible without compromising on the quality of the service. That makes each minute of each team member a
Cybersecurity Tactics FinServ Institutions Can Bank On in 2024

Cybersecurity Tactics FinServ Institutions Can Bank On in 2024

Feb 14, 2024Financial Security / Cyber Threats
The landscape of cybersecurity in financial services is undergoing a rapid transformation. Cybercriminals are exploiting advanced technologies and methodologies, making traditional security measures obsolete. The challenges are compounded for community banks that must safeguard sensitive financial data against the same level of sophisticated threats as larger institutions, but often with more limited resources. The FinServ Threat Landscape Recent trends show an alarming increase in sophisticated cyber-attacks. Cybercriminals now deploy advanced techniques like deep fake technology and AI-powered attacks, making it increasingly difficult for banks to differentiate between legitimate and malicious activities. These developments necessitate a shift towards more sophisticated and adaptive cybersecurity measures. Take these industry statistics, for example. Financial firms report 703 cyberattack attempts per week.1 On average, 270 attacks (entailing unauthorized access of data, appl
Security Drift – The Silent Killer

Security Drift – The Silent Killer

Jun 09, 2020
Global spending on cybersecurity products and services is predicted to exceed $1 trillion during the period of five years, between 2017 to 2021, with different analysts predicting the Compound Annual Growth Rate (CAGR) at anywhere between 8 to 15%. It is not surprising to see this growth in spending, which is primarily driven by the evolving sophistication and volume of attacks as well as the surmounting costs of a successful data breach. And yet, data breaches continue. The sad news is that about 80% of data breaches can be prevented with basic actions; such as vulnerability assessments, patching, and proper security  configurations . The specific reasons vary; but include staffing and resource issues, lack of expertise to optimize complex, multi-vendor security systems, and a host of other reasons. Whatever the specific cause, the common theme is that security lagged either internal IT changes or changes in the external threat landscape. The phenomenon is well known in
cyber security

The Critical State of AI in the Cloud

websiteWiz.ioArtificial Intelligence / Cloud Security
Wiz Research reveals the explosive growth of AI adoption and what 150,000+ cloud accounts revealed about the AI surge.
Cynet Offers IR Specialists Grants up to $1500 for each IR Engagement

Cynet Offers IR Specialists Grants up to $1500 for each IR Engagement

May 12, 2020
In the past, the autonomous breach protection company Cynet announced that it is making Cynet 360 threat detection and response platform available at no charge for IR (incident response) service providers and consultants. Today Cynet takes another step and announces a $500 grant for Incident Responders for each IR engagement in which Cynet 360 was used, with an additional $1,000 grant if the customer if the customer purchases an annual Cynet 360 subscription after the IR process is concluded. Learn about this new offering here . Incident response investigations come in a thousand different variations, but most can be broken down into two main parts. The first is discovering the few suspicious machines, user accounts, and network connections out of the mass activities within the attacked environment. The second part follows these discoveries and involves a surgical-like collection and analysis of forensic artifacts to refute or validate the suspicion and if validated to disclo
Download: The State of Security Breach Protection 2020 Survey Results

Download: The State of Security Breach Protection 2020 Survey Results

Jan 22, 2020
What are the key considerations security decision-makers should take into account when designing their 2020 breach protection? To answer this, we polled 1,536 cybersecurity professionals in The State of Breach Protection 2020 survey ( Download the full survey here ) to understand the common practices, prioritization, and preferences of the organization today in protecting themselves from breaches. Security executives face significant challenges when confronting the evolving threat landscape. For example: What type of attacks pose the greatest risk, and what security products would best address them? Is it better to build a strong team in-house, outsource the entire security operation, or search for a sweet spot between the two? What type and level of automation should be introduced into the breach protection workflows? The State of Breach Protection 2020 survey provides insights into these questions and others. Here are a few of the insights the survey unveils: 1)
CISO Kit — Breach Protection in the Palm of Your Hand

CISO Kit — Breach Protection in the Palm of Your Hand

Sep 11, 2019
CISOs and CIOs need to know better than anyone the security pulse of their organizations. On the other hand, they cannot be flooded with every changing detail. Finding the right balance that enables them to clearly grasp the big picture required in making sound decisions is a task many security executives find challenging. Threat actors do not acknowledge off-hours or weekends, introducing the need for constant vigilance. Moreover, CIOs and CISOs are heavily dependent on their team for knowledge and often lack the immediate interaction with the events in real-time. This situation is also far from favorable – after all, who if not the security executive should have the ability to be in-the-know and initiate action at the heart of things? Cynet rises to this challenge with the recently launched Cynet Dashboard application, which provides 24/7 insight into the overall security posture, real-time visibility into newly detected threats, and the ability to take rapid action if the nee
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