Security "Bits"

As areas of cloud computing, social media, e-commerce, artificial intelligence (AI), machine learning, and infrastructure as a service (IaaS) are being explored and developed, the potential growth for leading tech organizations remains strong.

Here are the top cybersecurity stories of recent weeks:  

• TrickBot malware has jeopardized up to 250 million email accounts
• Breached Samsung website gains unauthorized access to Sprint customer data
• Fake FaceApp applications install malware on user devices
• Marriott faces a massive fine of $123 Million following Starwood data exposure
• AMCA data breach discovers the exposure of an additional 2.2 million patients

Krebs On Security recently broke the news that First American, a major financial services corporation, had about 885 million real estate documents exposed on its website, with records dating back to 2003. First American is one of the largest providers of real estate title insurance, and these documents contained sensitive information such as Social Security numbers as well as financial data belonging to individuals and small businesses.

Financial institutions handle a great deal of sensitive data and are highly conscientious of where they store and process it. Nevertheless, they are aware of the many benefits that they can gain by using cloud applications. In order to embrace the cloud’s myriad advantages without compromising the security of their data, financial institutions have been turning to cloud access security brokers (CASBs). To find out why, check out our latest episode of Glass Class.