Cybercrime is a threat that no business today can afford to ignore. Verizon’s 2018 Data Breach Investigations Report (DBIR) reported that ransomware attacks have grown significantly since last year’s DBIR. Employees are falling victim to social attacks, such as financial pretexting and phishing which represent 98 percent of social incidents and 93 percent of all breaches analysed. However, a new service from Verizon - Verizon’s Threat Intelligence Platform Service - now enables companies to better hunt and confront cyber threats head on.

Identifying threats and course of action

The subscription-based service combines unparalleled cyber-threat intelligence from Verizon’s 11-year DBIR series with cyber-situational awareness from Verizon's Threat Research Advisory Center, which tracks threats across Verizon’s own global IP backbone. This threat intelligence is delivered via the Anomali Threat Platform to offer current information on cyber-threats. These can then be analysed by experienced consultants from Verizon’s Professional Services team in-situ at the customer’s site, depending on the level of service desired, so they can identify threats early in the cyber-kill chain and determine the best course of combative action.

This new Threat Intelligence Platform Service places the ability to hunt out cyberthreats firmly in our customers’ hands

Cyber intelligence

The cyber-threat intelligence service is delivered via the Anomali Threat Platform, which offers a ‘mission control center’ to automate the collection and integration of threat intelligence, and enable security teams to quickly and efficiently analyse and respond to threats.

We’re taking cyber intelligence to the next level by opening up our cybersecurity data to businesses around the world,” stated Bryan Sartin, Verizon’s executive director of security professional services. “Verizon operates one of the largest global IP networks, which gives us a wide view into a large portion of the world’s data traffic. When you cross reference this with intelligence gleaned from over a decade of analysis from our DBIR series, it provides a treasure trove of cyber-intelligence that is hard to beat.  This new Threat Intelligence Platform Service places the ability to hunt out cyberthreats firmly in our customers’ hands. Verizon has always worked to give everyone the ability to join the fight against cybercrime - this service is another step on this journey.

Businesses no longer have to be the unknowing victims; with correct tools they can proactively take on cybercriminals and lessen any cyber-attack impacts

Combating cyber attacks

Colby DeRodeff, Anomali co-founder and chief strategy officer, adds, “Anomali is thrilled to be Verizon’s technology partner delivering this solution. The timely automation and analysis of cyber intelligence information is a game changer in beating cybercriminals at their own game. Used correctly, it can make the difference between preventing a serious cyber-attack – or it bringing a business to a standstill.

Amy Larsen DeCarlo, principal analyst from Global Data comments, “Access to credible cyber-intelligence is essential in the fight against cybercrime. Services like Verizon’s Threat Intelligence Platform Service make cyber insights available to the masses, rather than the few. Cybercrime continues to advance putting and brands, intellectual property and sensitive information at risk. But businesses no longer have to be the unknowing victims; armed with the correct tools they can proactively take on the cybercriminals and lessen the impact cyber-attacks may have.

Verizon’s Threat Intelligence Platform Service will be generally available to global customers from Fall 2018. Customers may select specific service levels based on their individual requirements.

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Enhance traditional security systems within your smart home
Enhance traditional security systems within your smart home

Market dynamics are changing the U.S. residential security market, creating new business models that better appeal to the approximately 70% of households without a security system. Smart home adjacencies have helped revitalise the traditional security industry, and alternative approaches to systems and monitoring for the security industry are emerging, including a new batch of DIY systems. Growth in the residential security market and its position as the channel for smart home solutions have attracted numerous new entrants. Telecoms, cable operators, and CE (consumer electronics) manufacturers are joining traditional security players as they compete to fulfill consumer demand for safety and security. Connected products also provide a layer of competition as consumers must decide whether having category devices such as doorbell video cameras, networked cameras, and other products suffice for their security. 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In response, many security system providers now offer IP cameras as optional enhancements for their systems. Smart home devices and features, while posing a threat to some security companies, are a potential way forward to increased market growth. Security dealers have an opportunity to become more than a security provider but a smart home solutions provider rooted in safety. Provide status updates Comcast has entered both the professionally monitored security market and the market for smart home services The alternative is to position as a provider of basic security with low price as the key differentiator. Comcast has entered both the professionally monitored security market and the market for smart home services independent of security. It has discovered that monetising smart home value propositions through recurring revenue becomes increasingly challenging as the value extends further away from life safety. 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The ongoing challenge of IT and data risk management
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Managing IT and data risk is a challenging job. When we outsource our IT, applications and data processing to third-parties more and more every day, managing that risk becomes almost impossible. No longer are our data and systems contained within an infrastructure that we have full control over. We now give vendors our data, and allow them to conduct operations on our behalf.  The problem is, we don’t control their infrastructure, and we can never fully look under the hood to understand and vet their ability to protect our data and operations. We have to fully understand how important this issue is, and ensure we have the right governance, processes and teams to identify and mitigate any risks found in our vendors. No longer are our data and systems contained within an infrastructure that we have full control over Today, everything is connected. 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So how can we properly vet those vendors from an IT risk perspective?  The very first thing we need to put in place is Risk Stratification. Risk Stratification presents a few targeted questions in the purchasing process. These questions include – what type of data will be shared? How much of this data? Will the data be hosted by a vendor? Will this hosting be in the US or offshored? Has the vendor ever had a data breach? These questions allow you to quickly discern if a risk assessment is needed and if so, what depth and breadth.  Risk stratification allows you to make decisions that not only improve your team’s efficiency, but also ensure that you are not being a roadblock to the business Risk stratification allows you to make decisions that not only improve your team’s efficiency, but also ensure that you are not being a roadblock to the business. 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