Tag Archive for: device

How Samsung Knox Suite enables best-in-class security and device management for financial services

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icon of a clockBy: Jeannine DeFoe

Security and compliance are common concerns for IT leaders in the financial services industry — but over the last few years, they’ve become top priorities, with businesses facing a significant spike in cybersecurity threats.

Given the rise of the hybrid workplace, mobile devices and tablets allow employees to stay connected, whether they are in the office, out in the field or meeting with customers. However, financial services companies are subject to a range of regulatory requirements around data protection and security on their devices. This puts extra pressure on financial firms to secure their data, enforce IT policies and protect those devices against malicious actors and threats.

Still, research shows that about 25% of malware attacks target financial services companies. In 2023, 64% of IT and cybersecurity professionals in the financial industry were hit by ransomware. With many financial workers now splitting their working days between the office, home and client visits, IT leaders and their teams are facing increased pressure to secure mobile devices regardless of where they are.

Samsung Knox, which is built into Samsung Galaxy mobile devices, tablets and wearables, protects business data for financial services and other regulated industries with government-grade protection. Samsung Knox offers mobile security, unified endpoint management, and fraud and theft protection to businesses. The platform is trusted for robust, government-grade security, with its defense starting at the hardware level and continuing to protect against the most advanced security threats.

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Secure, deploy and manage data with Samsung Knox

IT leaders can use Samsung Knox Suite to manage various devices from a central location and a…

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Watch out — that free Android VPN app could hijack your device

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Almost two dozen free Android VPN apps were actually turning host devices into residential proxies, researchers have revealed announced. All of the apps were subsequently removed from the Play Store, with some making a comeback after cleaning up their code.

Cybersecurity researchers from HUMAN’s Satori Intelligence Team recently discovered a total of 28 apps, all of which had the “Proxylib” software development kit (SDK). This SDK, built in the Golang programming language, was designed to do the proxying, a process in which internet traffic is routed through third-party devices. 

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New industry-backed IoT security standards aim to improve device safety

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New IoT security standards could make it easier to choose devices that are hardened against some of the most common vulnerabilities.

IoT covers pretty much any physical device which can be connected to a digital network. IoT devices like digital locks, smart speakers, home surveillance systems, and routers are increasingly common, but have frequently been flagged as at-risk to threat actors.

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Largest navigation device maker combats bots with Cequence’s API Spartan

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The world’s largest navigation device manufacturer has opted to secure its eCommerce experience and combat bot attacks with the bot detection and mitigation solution API Spartan, created by Cequence and part of the overarching Unified API Protection platform.

This decision was made in response to significant financial risks exposed by bot attacks. The company encountered approximately 100 million SSO login requests monthly, with 15 to 20 percent of these identified as malicious. They also revealed that account takeovers could result in costs ranging from $50 (40) to $12,000 (9,500) each. If left unchecked, these costs could culminate in billions potentially lost, spelling out disaster for the business.

Previously, the company had struggled with substandard bot protection from another internet security provider, who used rudimentary techniques reliant on identifying bad IP addresses. However, this method proved insufficient in detecting advanced malicious bots given its lack of behavioural analysis, leading to unresolved bot attacks and difficulties in ensuring business continuity and customer experience.

In searching for a more proactive solution to this predicament, the company turned to Cequence’s API Spartan. Cequence’s capabilities to discern genuine users from bots in real-time and adapt to evolving bot tactics appealed to the company, offering a reliable and future-proof answer to their bot issue.

“Bots aren’t just a technical nuisance; they’re customer experience assassins,” stated Ameya Talwalkar, CEO of Cequence. “Imagine loyal customers, eager to purchase your products, locked out by an army of automated bad actors. The frustration, lost sales, and reputational damage are a nightmare scenario no business can afford. That’s why Cequence is dedicated to providing solutions that go beyond simple bot detection. We empower companies to proactively safeguard their legitimate customers and foster a thriving online environment where trust and genuine interactions flourish.”

The OWASP API Security Top 10 highlights the vulnerability of poorly secured APIs to automated bot attacks, blurring the line between traditional API and bot attacks with unified security solutions…

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