by Angela Guess

A new press release reports, “As part of Data Privacy Day, which will be observed Sat., Jan. 28, DefenseStorm, a security data platform that watches everything on a financial institution’s network and matches it to its policies, shares how financial institutions can establish and maintain a stronger cybersecurity program moving into the New Year. As a Data Privacy Day Champion for the second consecutive year, DefenseStorm remains dedicated to safeguarding data and protecting sensitive information. However, with the sharp rise in cyber attacks – both in frequency and intensity – it is evident that no one is exempt from a potential attack. In fact, all organizations will encounter one at some point. For financial institutions in particular, this can be tremendously damaging, making cybersecurity preparedness critical.”

The release continues, “Moreover, cyber attacks continuously evolve; therefore, a one-time assessment is not enough to protect against fraudsters. Real-time testing of an institution’s defenses is crucial to uncovering vulnerabilities. In addition to real-time testing for vulnerabilities, DefenseStorm offers other valuable insights and best practices to defend against modern-day cyber attacks, such as: Building flexible defense-in depth that neutralizes pervasive, evolving threats; Utilizing anomaly detection algorithms to uncover suspicious network activity from unknown threat actors; Investing in a Big Data platform that analyses event data in an actionable way; and Improving security awareness by educating peers about social engineering and trending threats.”

Read more here.

Photo credit: DefenseStorm