- CyberCrime Center
June 25, 2014
Cybercriminals can make big bucks. That is if they don’t go to jail. Stopping cybercriminals also pays well. And there’s no jail. Now this would be the perfect place for a snarky remark – except we work with some of the finest cybersecurity pros on the planet and may need them to pick up a lunch tab now and then.
Seth Fitzgerald notes in his piece on toptechnews.com (Link to article) that as “the costs associated with data leaks continue to rise, large organizations are finding it more cost effective to hire seasoned IT experts — including some who earn more than $500,000 a year…”
Organizations are looking to put together cybersecurity teams whose mission is to protect customer data. PepsiCo and USAA (United Services Automobile Association) among others are hiring chief information security officers (CISOs), and says Fitzgerald, “paying big money….”
CISO reports to CEO, more teams, more software
Fitzgerald says, “By hiring a CISO who reports directly to the CEO, businesses can ensure a C-suite emphasis on data and network security. These top-level hires may be part of the solution, but more comprehensive cybersecurity teams and software are generally also needed to provide sufficient protection.”
FBI also beefing up cybersecurity
The FBI is in the process of hiring 2000 additional cybercrime professionals.
Store less data. Encrypt more
In addition to having the best available cybersecurity software and experienced anti-cybercrime professionals, Fitzgerald observes that companies should “either store less data so that customers are not put at-risk or they must heavily encrypt data to make any stolen information useless to the criminals.”
1,000,000 cybersecurity positions need filling
Cisco’s 2014 Annual Security Report says more than one million cybersecurity positions remain unfilled around the world. And, the U.S. Bureau of Labor Statistics expects the information security analyst field to grow by 37 percent through 2020.
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ThreatMetrix secures enterprise applications against account takeover, payment fraud, fraudulent account registrations, malware, and data breaches. Underpinning the solution is the ThreatMetrix® Global Trust Intelligence Network, which analyzes over 500 million monthly transactions and protects more than 160 million active user accounts across 2,500 customers and 10,000 websites.
The ThreatMetrix solution is deployed across a variety of industries, including financial services, enterprise, e-commerce, payments, social networks, government and insurance.
For more information, visit www.threatmetrix.com or call 1-408-200-5755.
Posted by Dan Rampe
Tags: Account Takeover, Account Takeover Fraud, Bank Fraud, Botnets, CISO, CNP fraud, Context-Based Authentication, Cookieless Device Identification, Cookies, Credit Card Fraud, Cyber attacks, Data Breach, Device Detection, Device Fingerprint, Device Fingerprinting, Device ID, Device Identification, Fraud Prevention, Hacking, Identity Spoofing, Identity theft, Malware, Malware Detection, Malware Protection, Man-in-the-Browser Detection, MitB, Mobile fraud, Online Fraud, Phishing, Phishing Detection, PII, ThreatMetrix, ThreatMetrix Cybercrime Index, ThreatMetrix Web Fraud Map, Trust Tags, TrustDefender Cybercrime Protection Platform, Web Fraud
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