The major firewalls and other defences aimed at keeping cybercriminals away from penetrating into the ecosystem. As important but what is more prevalent the most skilled organisation is now doing tested within their own network to keep hackers from gaining access to the network. With creating multi-layered security using different encryption techniques and different layers of firewalls.
The process of monitoring the different behaviours with traffic is important to identify which of the data uses irregular patterns. who said the most skilled organizations now recognize penetrations will occur and they must also be prepared to stop hackers once they are passed through the firewall using layered technology
Bill Johnson, VP of Sentry Cyber Security at Fiserv, explained that many large companies today know hackers will penetrate their systems—a situation that challenges the futures of many small credit unions.
“In my opinion, endpoint protection, such as legacy antivirus software, is no longer adequate. We have to get to the point where we are also assessing behaviour and behaviour patterns, and then quickly react and prevent a fraud attempt based on these analyses,” said Johnson. “The best thing a bank or credit union can do is get into a next-generation solution that is looking at behaviours and blocking suspicious activities.”
The importance of having a layered network even from an expert’s point of view where Johnson acknowledged that over the last few years just using antivirus software is not sustainable or adequate for long-term use especially using this within a network capability. Johnson has stated that firewall layers, endpoint protection and firewall monitoring are still important, he also said more needs to be done.
“Anymore it’s a given that unwanted people are inside your environment, and as I said, it’s now about preventing them from getting the information they’re after,” Johnson said. “This goes beyond the financial services sector. There are a lot of organizations, even government entities, that now don’t focus as much on attempting to keep crooks out of their network. They pay a great deal of attention to monitoring the data that’s flowing out of their networks.”
Johnson said these organizations are watching their data for processes or a series of actions that are anomalous in some way.
“For example, it would not be uncommon for you to open your Windows File Explorer and do some file clean-up. But if another process on your system does that, Notepad, for example, and enumerates your file system, elevates privileges, deletes some backup files and now says, ‘I will encrypt some files’…I can look at that series of behaviours and say this does not smell right. This looks like ransomware and I am going to prevent it.”
The importance of protecting your network comes at a higher price for both solution and monitoring activity but the cost of saving you a lot of hassle and penalties will be beneficial in the long run. Many places in rural towns that deal with money will have issues such as credit unions, western unions, building societies and local banks might face big issues due to a lack of security. With the new GDPR rules and regulations, companies have obligations to protect both customers and staff from being cyber targets please invest firewall security.