Privileged Access Management (PAM) is one of the most discussed area of today’s cyber security arena. With the increased number of alarming data breach scenarios worldwide, it is very obvious that PAM solution would shield the organizations from any threats arising from unmonitored accounts or poor access control system. Here is a brief account of few practices that could enrich Privileged Access Management (PAM) to the next best level of robustness.
Just as I went to collect my iPad this morning from the study room, something that was an integral part of my childhood grabbed my attention. This precious treasure was lying in one corner dusted and covered by a cloth which had torn. The treasure that I speak about was my best friend and is nothing else but the desktop computer that I used in the 90’s and early 2000’s. There was a time when for any important work or internet use, only one device could be used – the computer. Today if I want information on the internet, the last thing I use will probably be that desktop computer. And this is the same for most of us today.
Summary: How the Carbanak hacker’s group stole a billion dollars without getting caught and what we
learn from it.
The financial world and the security industry have been rocked by the recent report from Kaspersky about the cyber-criminals that have stolen more than $1 Billion from global banks through cyber-attacks. The initial reports link the attacks to a multinational criminal group, and highlight the use of sophisticated malware, dubbed Carbanak.