Target Corp. confirms that the December breach that affected 40 million credit and debit cards, along with personal information on up to 70 million customers, had a major impact on the company's earnings in the fourth quarter of 2013.
While massive DDoS attacks were dominant in 2013, this year, smaller application-layer attacks going after such things as log-in pages and password files are far more common, says Rich Bolstridge, chief strategist, financial services, at Akamai Technologies.
Log analysis is often used for managed security, but are organizations going far enough with the information they have at their fingertips? Don Gray, chief security strategist for Solutionary, says there is much more organizations could be doing to predict breaches.
Simple credentials, such as passwords, are a hacker's best friend, says Phillip Dunkelberger of Nok Nok Labs, a founding member of the FIDO Alliance. That's why the alliance is working to reduce reliance on passwords by enabling advanced authentication.
Although the growth of cloud-based data centers offers opportunities to more rapidly deploy applications, it also raises new security issues, says Steve Pao, senior vice president at Barracuda Networks.
Advanced, ever-evolving threats call for security solutions vendors to counter with equally advanced and sophisticated solutions. JD Sherry of Trend Micro discusses new strategic alliances and product sets dedicated to creating new measures of threat defense.
Two critical steps that banking institutions need to take in 2014 to help prevent fraud are implementing big data analytics and adopting far more sophisticated customer and employee authentication, says Gartner analyst Avivah Litan.