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Alternative Market Briefing

Cybersecurity and hedge funds - A two-way street to automaticity, Part Three

Friday, April 10, 2015

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Mary Beth Hamilton
This article was authored by Mary Beth Hamilton, Vice President of Marketing, Eze Castle Integration.

As the frequency of cyber-attacks increases, so too do the maturity of attacks and their methods of prevention and remediation. Think of cybersecurity as a two-way street. One side is trying to deceive and breach, and the other is trying to protect, prevent and detect. The commonality is both are progressing towards automaticity.

Cybercrime: The evolving chameleon

A common misconception about cyber-attacks is that they only take the form of fake virus alerts, spam, outlandish emails and the like. On the contrary, a threat can take many forms, and cyber criminals are getting smarter. Today, hacktivists target the automaticity of our behaviors, responses and daily routines. This applies to both the human and business side of things. Cyber criminals now study and familiarize themselves with the daily activities and internal processes of firms to identify gaps and find a way in. The idiosyncrasy is in the simplicity with which cyber schemes are pulled off.

Let’s examine the relatively new technique known as a 'watering hole’, for example. This type of attack occurs when a hacker compromises a website by incorporating malicious code within the page, typically, through exploiting script vulnerabilities. Unbeknownst to the web surfer, he or she is attacked upon simply visiting the compromised we......................

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