Security Boulevard

Cybercriminals are exploiting DocuSign’s APIs to send highly authentic-looking fake invoices, while DocuSign’s forums have reported a rise in such fraudulent campaigns in recent months. Unlike typical phishing scams that rely on spoofed emails and malicious links, these attacks use legitimate DocuSign accounts and templates to mimic reputable companies, according to a Wallarm report. By..

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The Role of Secrets Management in Securing Financial Services
madhav
Tue, 11/05/2024 - 04:30

Secrets management is one of the top DevOps challenges. According to 2024 Thales Global Data Threat Report: Financial Services, FinServ organizations face greater security challenges in securing cloud infrastructure and focus on locking down secrets in development operations. This is a sobering fact. Among respondents who cited cloud/DevSecOps as a top source of emerging security concern, 61% identified secrets management as a top DevSecOps challenge. Let’s look at the role of secrets management for financial services.

The safe handling of private data, including passwords, and other credentials, is known as secrets management. Ensuring the integrity and confidentiality of data is crucial for every firm, but it's especially critical for financial services.

Financial firms manage enormous volumes of sensitive data, such as financial records, transaction details, and customer information. Maintaining compliance with strict regulatory standards and safeguarding this data from unwanted access depend on effective secrets management.

What is secrets management?

Secrets management for any business entails the safe handling, retrieval, and use of confidential data. It includes a range of procedures and instruments intended to safeguard login credentials and guarantee that only approved individuals and systems can access this data.

Access control methods, encryption, and secure storage solutions are important components. These components work together ensuring that secrets are managed securely throughout their lifecycle.

Why is secrets management crucial for financial services?

Financial institutions must safeguard sensitive data preventing breaches and unauthorized access. Effective secrets management helps to protect data both at rest and in transit, reducing the risk of data leaks and fraud. Because secrets management offers safe ways to handle and safeguard sensitive data, it is essential to fulfilling these compliance obligations.

Making sure that only authorized individuals have access to sensitive information is one way that good secrets management lowers the risk of insider threats and cyberattacks. Additionally, it aids in preventing security incidents brought on by credential exposure or poor management.

Financial services must consider the difficulties managing secrets. They often operate in intricate IT environments that include a variety of legacy infrastructure, systems, and apps. Maintaining confidentiality in these various contexts can be difficult and calls for a well-thought-out plan.

Organizations must manage an increasing number of secrets as they expand. It can be challenging to scale secrets management systems to ensure efficiency and security during this expansion.

It's never easy to ensure that secrets are only accessible to authorized people and systems. Incorrectly configured access controls may result in compliance problems and security flaws.

Summary

One essential part of cybersecurity in financial services is secret management. Financial organizations may safeguard confidential information, maintain regulatory compliance, and reduce the danger of unwanted access by managing secrets well. Establishing strong secrets management procedures should be a top priority for financial organizations to protect their operations and improve their overall security posture.

Thales is a trusted brand in the finance industry. Visit our financial services page for information on managing secrets. Keep a lookout for an upcoming article where we'll examine some tactics and industry best practices for putting efficient secrets management into practice for financial services.

Data Security Compliance Insider Threat Access Control Regulation and compliance

Randy Hildebrandt | Product Marketing, Data Protection
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Today, we’re diving into the fascinating world of cyber ranges—a critical component in the ever-evolving landscape of cybersecurity. But what exactly is a cyber range? Let’s break it down. What is a Cyber Range? A cyber range is a sophisticated environment that leverages technologies such as virtualization, hybrid reality, security orchestration, behavior and traffic simulation, […]

The post What is a Cyber Range? appeared first on NSFOCUS, Inc., a global network and cyber security leader, protects enterprises and carriers from advanced cyber attacks..

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The FIDO Alliance found in a survey that as consumers become more familiar with passkeys, they are adopting the technology as a more secure alternative to passwords to authenticate their identities online.

The post FIDO: Consumers are Adopting Passkeys for Authentication appeared first on Security Boulevard.

In Part 2 of this blog series, we uncover the details of SLSA provenance from end to end. Previously in Part 1, we started by reviewing in-toto attestations, which are the underlying technology of SLSA provenance. Now, we dive into the internals of SLSA provenance, understand its content, and how you can leverage SLSA provenance to improve the security of your software supply chain and gain more visibility into it. In the next post, we will go further into the requirements of SLSA level 3, including how to implement it and why it is useful.

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Understand the key differences between MDR and MSSP and choose the right cybersecurity service to protect your business.

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Authors/Presenters: Aviad Hahami

Our sincere appreciation to DEF CON, and the Presenters/Authors for publishing their erudite DEF CON 32 content. Originating from the conference’s events located at the Las Vegas Convention Center; and via the organizations YouTube channel.

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With new and increasing cyber threats abound, navigating global software regulations and staying informed and compliant can seem like an unending task. To help mitigate risks within the software applications organizations use every day, many are increasingly looking to the strategic adoption of software bills of materials (SBOMs) as an effective way to maintain compliance and better secure their software supply chain. An SBOM lists all packages and libraries in an application, including all components' dependencies. This enhanced visibility into what's in a piece of software makes it easier to identify vulnerabilities and license issues, as well as manage risk from open source components.

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via the comic humor & dry wit of Randall Munroe, creator of XKCD

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Refine your cybersecurity strategies to navigate the challenges of a VUCA (volatility, uncertainty, complexity, and ambiguity) environment.

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The deadline to comply with the latest version of the Payment Card Industry Data Security Standard (PCI DSS), v4.0.1, is rapidly approaching: March 31, 2025. Are you prepared?

The post PCI DSS v4.0.1 Changes | Application Security PCI Compliance Requirements | Contrast Security appeared first on Security Boulevard.

MEDIA ADVISORY Strata Identity, Saviynt, and Oxford Computer Group to Present Strategies for Identity Continuity at the Tactical Edge BOULDER, Colo., Nov. 5, 2024 — Strata Identity, the Identity Orchestration company, today announced Carahsoft will host a free webinar on November 12th that explores strategies to ensure Identity, Credentialing, and Access Management (ICAM) survivability for...

The post Carahsoft to Host Webinar on Ensuring ICAM Survivability for Access in Disconnected, Degraded, Intermittent, and Low-Bandwidth (DDIL) Environments appeared first on Strata.io.

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Authors/Presenters: Chanin Kim, Myounghun Pak

Our sincere appreciation to DEF CON, and the Presenters/Authors for publishing their erudite DEF CON 32 content. Originating from the conference’s events located at the Las Vegas Convention Center; and via the organizations YouTube channel.

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Explore the technical realities of passwordless authentication in this comprehensive analysis. We debunk common myths, examine security implications, and provide evidence-based insights into how this technology transforms digital security while enhancing user experience.

The post Busting Common Passwordless Authentication Myths: A Technical Analysis appeared first on Security Boulevard.

In today’s fast-paced business world, companies juggle numerous responsibilities—from meeting customer demands to navigating complex regulations. One crucial area that’s often misunderstood but incredibly important is enterprise compliance.  What exactly is enterprise compliance, and why should it matter to you? Let’s break it down in simple terms and explore why it’s a game-changer for your […]

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Learn why Escape’s agentless discovery and developer-friendly testing make it a top Traceable alternative.

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Authors/Presenters: Matt Burch

Our sincere appreciation to DEF CON, and the Presenters/Authors for publishing their erudite DEF CON 32 content. Originating from the conference’s events located at the Las Vegas Convention Center; and via the organizations YouTube channel.

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In today’s digital landscape, protecting your identity from real-time threats is more critical than ever. As a cybersecurity expert, I’ve seen an evolving spectrum of threats that go far beyond traditional identity theft. From classic dark web doxing to the advent of fullz—full identity kits sold for a few dollars—threat actors are leveraging these methods …

The post The Future of Identity Protection: Real-Time Threats and Scams appeared first on Security Boulevard.

Authors/Presenters:Harriet Farlow

Our sincere appreciation to DEF CON, and the Presenters/Authors for publishing their erudite DEF CON 32 content. Originating from the conference’s events located at the Las Vegas Convention Center; and via the organizations YouTube channel.

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As of now, the final rule for the Cybersecurity Maturity Model Certification has been published. The clock is ticking for organizations to make the changes they need to make, adhere to the multi-phase schedule required to achieve certification, and continue their work with the federal government across the board. As organizations, both large and small, […]

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