Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

In partnership with Mend, the Fintech Open Source Foundation (FINOS) recently published its report, “The 2022 State of Open Source in Financial Services.” The report serves up a set of fascinating insights into the pace of open source adoption in the financial services sector. From optimizing benefits to overcoming obstacles, the report provides a valuable snapshot of open source software adoption in finance. Here’s a quick look at the report’s key findings.

Dole PLC is a massive agricultural company headquartered in Dublin, Ireland. Dole has several offices and production facilities in the United States and supplies food products in 75 separate countries. The company maintains a staff of over 38,000 employees and offers more than 300 different products throughout the world.

API attacks have dominated the cybersecurity news cycle lately. In early 2023, T-Mobile made news for an API-based breach of 37 million PII records of its past and present customers. And last year, Optus, a major telecommunications company in Australia, experienced an API security incident that exposed around 10 million customer records. And API attacks that aren't quite as ”newsworthy” happen every single day.

Unsolved Remote Access Challenges Continue to Propel SASE in 2023, Finds New Cato Survey By all accounts, 2023 is expected to see strong growth in the SASE market. Gartner has already predicted in The Top 5 Trends in Enterprise Networking and Why They Matter: A Gartner Trend Insight Report (subscription required) that by 2025, 50% of SD-WAN purchases will be part of a single vendor SASE offering, up from less than 10% in 2021.

When it comes to cybersecurity, being in step with the current landscape and newest trends is a real task. Technology is ever evolving, and it’s hard to keep up with sophisticated attacks by cybercriminals and an increasing number of security and data protection regulations.

Firewall optimization (also known as firewall analysis) is the process of analyzing and adjusting the configuration and policy set of a firewall to improve performance and security. This process involves reviewing and corelating log data and device configurations, identifying potential vulnerabilities and weaknesses, and providing recommendations for remediation. Performing these processes is complex, which is why tools like firewall analyzers are useful.

Onboarding merchants is crucial for ongoing development if you’re a merchant acquirer or payment service provider (PSP). Of course, you want more businesses since they generate more sales. On the other hand, bringing on dubious merchants that are likely to approve fraudulent transactions merely leads to fees and losses that have an effect on your bottom line. The world of payments is expanding quickly and changing all the time as fraudsters become more skilled and fraud assaults rise.

Path traversal is a type of security vulnerability that can occur when a web application or service allows an attacker to access server files or directories that are outside the intended directory structure. This can lead to the unauthorized reading or modification of sensitive data.

Malware as a Service is the unlawful lease of software and hardware from the Dark Web to carry out cyber attacks. The threat actors who use this service are provided with botnet services and technical support by the MaaS owners. This service opens doors to anyone with minimal computer skills to use and distribute pre-made malware. The data that is stolen is often sold to the highest bidder or left for the service subscribers. MaaS is an illegal version of Software as a Service (SaaS).

Is your security tool an island? Does it do its singular task with little more to offer than what it says on the package? Too many security offerings behave as singular entities, forcing you to constantly perform task switching to complete a job. If you are using a robust tool, then you may not be taking full advantage of its capabilities. Many capabilities of a good tool can be broadened with the use of an Application Programming Interface (API)