Today’s business threat environment is more complex and evolving than it has ever been. The FBI states that after the breakout of COVID-19, the no. of cyberattack complaints to its cyber division in the United States has climbed to 4,000 per day, an increase of 400% over pre-COVID stats. With an average cost of US$3.86 million for a cybersecurity incident, “preparation for, respond and recover from cyberattacks must be a key aspect of any plan for business continuity,” according to Fortinet. To get an overview of cyberattacks you can get this Fortinet training that helps you to master the concepts such as virus detection, email filtering, firewall policies, user authentication, web filtering, and application control.
Webinar on Fortinet: ‘While Not If: Respond to a Ransomware Attack on Your OT Network’
On June 24th, Anthony Giandomenico, Fortinet’s Incident Response and Digital Forensics Practice Director, & William Noto, the Fortinet’s Director of Operational Technologies, Product Marketing, discussed:
- Multiple assault places in the business area are being impacted by trends.
- Cyber resilience can benefit from threat intelligence developed from a purpose-built system.
- A platform-based approach to cyber resilience that is wide, integrated, and automated.
During a webinar, Noto and Giandomenico discussed cybersecurity’s strategic role that plays in an industrial sector, drawing on their combined expertise of more than 50 years in the industry.
Interacting with Speaker
In 2016, Anthony Giandomenico reached Fortinet. He is currently the Incident Response and Digital Forensics Practice Director at the firm.
Giandomenico had 30 years of expertise in information security as a mentor, security consultant, executive, and entrepreneur in various businesses.
Giandomenico oversees all areas of response services and manages detection and incident response at Fortinet, including service delivery, development of new services, P&L, and marketing.
Giandomenico also taught, mentored, and trained on security concepts and methods at several conferences, trade events, and media sources, including the Security Summit by Gartner, HIMSS15, the morning news section of KHON2-TV’s Tech Buzz featured the ISMG Summit on Data Breach and OC16 Bytes of Technology News.
William Noto, Director of Operational Technologie, Product Marketing, is responsible for Fortinet’s global Initiatives to promote OT security products.
Noto spent a total of 12 years with General Electric in the two different business areas GE Digital and GE Wind before joining Fortinet in 2020.
The Platform Predix Edge, WindSCADA Secure, and the Achilles and OpShield product lines were all developed when Noto was at GE.
“With a compute rating for Security which ranges between 3 and 47x the efficiency of competing for software techniques, the only leader of security is Fortinet. To create and construct bespoke SPU technology for giving the cost value and the best performance in the organization.” according to the company’s website, which was founded in 2000.
FortiGuard Labs, a division of Fortinet, uses ML and AI technologies to analyze and process over a hundred billion events every day, providing customers with actionable and threat intelligence in real-time.
“Fortinet’s dedication to cybersecurity innovation and quality is demonstrated by the blend of FortiOS, SPU technology that is built on purpose, and threat intelligence powered by AI.”
Fortinet Cybersecurity Challenges of Key Technology
Support for Digital Innovation
Technological corporations are in the business of creating new technologies, and they do so with some of the most advanced technology available. Aside from research and development, technology companies are generally early adopters of new technologies in areas like back-office operations, sales and marketing, customer experience, and product support, to mention a few. The usage of so many developing technologies complicates the cybersecurity team’s task of plugging every security flaw in an expanding attack surface. However, operations could not be hampered by antiquated security systems that slow down scans or require manual workflows. The security architecture should be resilient and adaptable enough to cope with the organization’s fast transformation.
Uptime and Productivity
Any unanticipated interruption in operations, either customer support, R&D systems, or, a manufacturing plant can cost a technology company a lot of money. Regrettably, cyberattackers frequently aim to disrupt operations and systems. Adversaries could infiltrate a network across an OT system and move laterally to obtain access to other sections of the network, so both OT and IT systems could be targeted.
Efficiencies in Operations
The cybersecurity team’s and other departments’ operational inefficiencies are exacerbated by a lack of integration among the many security aspects and architectural fragmentation. Many security workflows must be controlled manually if they are not integrated. These manual processes frequently disrupt daily operations and cause delays across the board, from manufacturing to DevOps. With overlapping functionality in software licenses, several licensing contracts to maintain, and troubleshooting issues when something goes wrong, architectural silos also increase operational costs.
High-Tech Targeted by Advanced Threats
According to Fortinet and other organizations’ research, technology companies face more overall threats than other industries. These cybercriminals target intellectual property and operations systems, and also consumer and business customer data, employee HR data, financials, compliance data, and even information concerning internal product deployment and testing. Even technology corporations can struggle to keep up as adversaries employ increasingly complex technology in their attacks.
The integrity of the product
Technology products should meet high standards, and adversaries, especially nation-state competitors, frequently target OT or IT systems containing product designs or code. When large volumes of damaged products are supplied, a company’s brand suffers. When customers or corporations download tainted software from a company’s website, they subject themselves to both reputational and legal risk. Even infected downloads from counterfeit websites accessible through phishing emails can damage a firm’s reputation, even if the organization is plainly not to blame.
Consumer data, financial data for public corporations, and product safety are all areas where political inertia is pushing for more regulation rather than less. Penalties for noncompliance might be severe, but the cost of damaged brand reputation in the case of a breach is typically even greater. Compliance should be a part of bigger risk management and data governance plan for businesses. However, they should be able to demonstrate compliance with a multitude of regulations and standards without diverting resources away from strategic efforts to audit report preparation.
This article has given you the trending insights on Fortinet Cybersecurity which explains how its development features like integrated and automated platforms that handle the incident responses for servicing the customers. In this article, we have also discussed the key technical challenges in Fortnite Cybersecurity which help the enterprises and customers in ensuring security.