Game Changing Fraud Aware Security for your business
Day 1: Free Expo Seminar Theatre
Thanks to the cloud adoption and mobile devices, organizations worldwide have an ever-expanding online footprint. Employees work online, customers and suppliers do business with organizations online. Business reputation can be made or broken online. Today’s cyberattacks are increasingly sophisticated and complex, driven by elaborate and resilient professional organizations that innovate faster than their targets. Hackers are not only after customers’ credit card details – they’re interested in any information that can be monetized in any way. The hacker’s motivation may be to get money, cause brand damage or just having fun at someone’s expense. A cyberattack can have a domino effect on business culminating in loss of revenue and goodwill, regulatory scrutiny and fines, and even share price plunges.
A key consideration for an organization assessing its cyber security is whether its measures are capable of preventing, detecting and adequately responding to attacks, rather than just complying with industry best practices. Compliance does not guarantee protection, and organizations with a mature approach to cyber security must go further.
Operating in a digital world depends on capability to maintain a secure and trusted environment. Fraud aware security must be the foundation on which digital business should be built. Gone are the days when we could build a walled garden perimeter, and feel secure. Today, businesses partner with others, outsource, have alliances, let customers access our systems and as we extend our reach – the perimeter of walled gardens is gone. All security strategies must align with the changes in the way organizations conduct business and the surrounding environments. We must ensure that our security programs are fraud aware, leverage intelligent identity based solutions, user behavior analytics, monitor and understand what is happening in and to our environment. We must work with the assumption we are being attacked and be prepared to offset those attacks with fraud aware security. The business should understand that their behavior impacts the security of our environment. The business must be invested in security.
During this session, we will take you through the dangers that impact your business and how game changing fraud aware security can help your business grow!
Rajan Barara, Senior Product Manager – Authentication, Entrust Datacard Asia Pacific Pty Limited