Security startups to the rescue.
As we continue to ride out the pandemic, insurance professionals are closely monitoring the surge of coronavirus-related cyber threats. Simply the coming week, Google’s Threat Analysis Group, its elite threat hunting division, says that while the overall number of threats remains largely the same, opportunistic intruders are retooling their efforts to piggyback on coronavirus.
Some startups are downsizing and laying off personnel, but several cybersecurity startups are faring better, thanks to an uptick in demand for security cares. As the world continues to centre toward toiling from dwelling, it has blown up key cybersecurity verticals in ways we never expected. To wit, name startups are needed more than ever to make sure merely remote employees are getting access to corporate systems.
Can the startups take on the monstrous at their own game?
THE BIG PICTURE Another fees processor plummets the security ball
For the third time this year, a payments processor has admitted to a insurance relapse. First it was Cornerstone, then it was nCourt. This time it’s Paay, a New York-based card payment processor startup that left a database on the internet unprotected and without a password. Worse, the data was collecting full, plaintext credit card numbers.
Anyone who knew where to look could have accessed the data. Luckily, a protection investigate noted it and reported it to TechCrunch. We notified the company; these votes in quickly took the data offline, but Paay denied that the data stored full credit card lists. We even transported the co-founder a portion of the data showing card digits stored in plaintext, but he did not respond to our follow-up.