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“Companies are LOSING the cyberwar. And it gets worse every year. Equifax is now in the news where records for 143 million Americans—that’s about half of us—were stolen,” said Larry Ellison, executive chairman of Oracle, in October 2017.
Hackers have gotten sophisticated and methods for securing digital data are evolving quickly. Studies have found that anti-virus programs are failing to protect the computers. Anti-virus programs failed 100% of the time against ransomware attacks, for example. Some say now it is even better to use no anti-virus software at all — and that using “man in the middle” software like anti-virus can actually cause a lot of problems. The anti-virus programs themselves were even found to have large numbers of security problems.
Many businesses are beginning to analyze massive amounts of security data as their best protection. Data is collected from various logs and vulnerability scans, and then analyzing that data, looking for blips in the patterns of normality. A survey from ESG found that about half of businesses are now collecting, processing and then analyzing their security data. Once the data is collected, AI, data analytics and threat analysis tools are employed to try to identify anomalous behavior.
Nick Rossmann, FireEye iSIGHT Intelligence Senior Manager for Production, said that “true cyber threat intelligence enables better strategic decision making, reduces operational chaos, and expands the effectiveness of your broader security infrastructure.”