It’s evident that while organizations are spending more and more on legacy cybersecurity solutions, these platforms are not holding up their end of the deal and are not able to proactively defend in a modern, non-signature attack threatscape.
Unfortunately, the majority of cybersecurity solutions available today rely on outdated applications for AI. So-called first- and second-wave AI solutions don’t cut it, but few vendors have the technical capabilities and know-how to apply cutting edge, third-wave AI to their platforms.
Cybersecurity vendors promise the moon when it comes to AI. As the recent TechRepublic article, “Why cybersecurity tools fail when it comes to ambiguity,” makes clear, often, these promises fail short in real world network environments.
The next cybersecurity challenge lies with the advances in quantum computing that are set to revolutionize tech while simultaneously equipping threat actors with a new arsenal of cyberweapons.
The transition from office to remote environments was abrupt and one of the most defining moments that the cybersecurity industry and professionals faced in 2020. We wrote about the top issues CISOs were facing throughout the year but also doubled down on sharing insights about the evolution of next-generation SOCs, the failure of SIEM platforms as organizations are experiencing them today, and how self-supervised AI fits into the equation.
In what the New York Times is calling, “One of the most sophisticated and perhaps largest hacks in more than five years,” malicious adversaries acting on behalf of a foreign government, likely Russian, broke into the email systems of multiple U.S. Federal agencies including the Treasury and Commerce Departments.
A number of recent high profile ransomware attacks on U.S. hospitals have demonstrated the urgency for organizations, municipalities, and critical services to take a proactive approach to protecting networks with a predictive AI solution.
At MixMode our one algorithm is capable of catching any anomaly that may appear on the network. In contrast, other security programs rely on a reactive method of patching and constantly adding to their algorithms each time a hack occurs so that the network learns what to look out for.
The cybersecurity market has, simply put, been cobbled together. A tangled web of non-integrated systems and alerts from siloed systems. Enterprises are now being forced to utilize a “Frankenstein” of stitched together tools to create a platform that might cover their security bases.
MixMode teamed up with Ravenii to host a webinar focused on the history and evolution of SIEM platforms, their ideal role in a SOC today, and how they fall short as a threat detection tool in today’s modern cybersecurity environment.
It should be noted that SIEM platforms are exceptionally effective at what they initially were intended for: providing enterprise teams with a central repository of log information that would allow them to conduct search and investigation activities against machine-generated data. If this was all an enterprise cybersecurity team needed in 2020 to thwart attacks and stop bad actors from infiltrating their systems, SIEM would truly be the cybersecurity silver bullet that it claims to be.
The fundamental SIEM flaws lie in the platform’s need for continual adjustment, endless data stores, and a tendency to create an overwhelming number of false positives. When organizations instead turn to a next-generation cybersecurity solution, which predicts behavior with an unsupervised (zero tuning) system, they are poised to save on both financial and human resources.
The Security Operations Center (SOC) of today is fundamentally flawed. Currently enterprise cybersecurity spend is higher than ever, but despite multi-million dollar cybersecurity investments, organizations remain vulnerable to attacks. One of the major reasons for this is legacy SIEM deployments. More spend does not equal more security.
When it comes to advancements in cybersecurity, rule-based systems are holding the industry back. Relying on humans to constantly input and label rules in order to detect and stay ahead of threats is a bottleneck process that is setting security teams up for failure, especially with tools like SIEM, NDR, and NTA.
Handling and managing data today has become unwieldy for IT teams on multiple fronts, but the security impact is especially troubling.
The time required for data processing, transition, aggregation, and the normalization does not allow real-time threat detection using today’s SIEM solutions. The only beneficiary of security through log aggregation is the SIEM vendor.
Financial institutions spend five to ten million dollars each year managing data. A recent Computer Services Inc (CSI) study reveals that most banks expect to spend up to 40 percent of their budgets on regulatory compliance cybersecurity, often adopting expensive data normalization strategies.
The predictive AI field of machine learning collects, analyzes, and tests data to predict future possibilities. AI’s neurological network is patterned on the human brain. But AI works on a scale that goes far beyond what is humanly possible. The top uses for predictive AI technologies to protect sensitive data and systems are in network detection and response (NDR), threat detection, and cybercrime prevention.
The very nature of data is its infinite capacity for growth. For security teams at large, highly integrated and complex enterprises like financial services institutions, that growth can quickly become unwieldy when the approach is to store, normalize and prepare all of this data in order to extract value.
The evidence indicates that these attackers are traditionally specialized in hijacking social media accounts via SIM Swapping.
