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EXABEAM EXPANDS INTERNATIONAL AVAILABILITY OF CLOUD-BASED SIEM TO HELP ORGANISATIONS MODERNISE SECURITY OPERATIONS

With Exabeam SaaS Cloud, security teams across Canada, Europe, Asia-Pacific and South America can now easily migrate security management to the   cloud while meeting in-region hosting compliance requirements

 

Exabeam, the Smarter SIEM™ company, today announced the expanded availability of Exabeam SaaS Cloud, a hosted version of the market-leading Exabeam Security Management Platform (SMP) to help even more organisations modernise their security operations. Exabeam SaaS Cloud will now be available for in-region hosting in 15 additional locations in 13 countries, including Canada and others within Europe, Asia-Pacific and South America. This means its growing global customer base can take advantage of Exabeam SaaS Cloud while meeting compliance and policy requirements for in-region hosting.

 

SaaS Cloud helps identify anomalous behaviour in organisations’ cloud applications to stop adversaries in their tracks. As a hosted cloud offering, it provides the full functionality of the SMP, including a data lake, behavioural analytics, case management, security orchestration and incident response automation. This allows organisations to directly ingest data from dozens of popular cloud-based services, enabling faster deployment, while eliminating the challenges of on-premises SIEM installations—including cost and maintenance issues and the need to route cloud data to on-premises data centres.

 

Organisations with existing SIEM deployments on-premises or in the cloud can augment their current solutions with Exabeam Advanced Analytics and Exabeam Threat Hunter to transform their security operations through improved efficiency and enhanced detection capabilities.

 

By extending SaaS Cloud’s in-region hosting options, Exabeam is also empowering organisations to adhere to additional national data localisation and residency laws. For example, companies can more easily comply with Australia’s strict health record localisation laws and Canada’s provincial requirements for public service providers to store customer data locally.

 

Data in SaaS Cloud is protected using data encryption in transit and at rest, regular third-party penetration testing and SOC 2 Type II compliance, considered to be the security gold standard for SaaS companies handling sensitive customer data.

 

“SaaS solutions are increasingly becoming the deployment model of choice for organisations worldwide, and the response to Exabeam’s SaaS Cloud launch earlier in 2019 has been exceptional,” said Anu Yamunan, VP, Products, Exabeam. “SaaS Cloud is ideal for organisations with a cloud-first approach, and we have expanded its availability in response to a huge demand from our international customers, which need access to in-region hosting to meet compliance and policy requirements.”

 

“In a modern interconnected world full of constantly evolving cyberthreats, running an on-premises SIEM is no longer just ‘old school’; for many companies, especially smaller ones without fully staffed security teams, it can be positively dangerous. Shifting security operations to a SaaS-based SIEM solution not only instantly relieves you from the daily operational burden but can significantly increase the scope and amount of analysed security artifacts, run event correlation at the cloud scale and ultimately give your analysts more time and context for making the right decision every time,” said Alexei Balaganski, lead analyst, KuppingerCole.

 

The international expansion of Exabeam SaaS Cloud builds on the company’s rapidly accelerating cloud strategy, including the recent launch of Exabeam SaaS Cloud Essential, which gives small and medium enterprises access to enterprise-grade SIEM tools and a wealth of Smarter SIEMTM capabilities. It also follows the company’s recent acquisition of SkyFormation, a leading Israel-based cloud application security business and the first company to collect cloud logs from more than 30 cloud services into any SIEM tool.

 

In addition to the U.S., Exabeam SaaS Cloud is now hosted locally in Canada, Europe (Belgium, Finland, Germany, Netherlands, Switzerland, United Kingdom), Asia-Pacific (Australia, Hong Kong, India, Japan, Singapore) and South America (Brazil).

 

To learn more, please visit https://www.exabeam.com/product/cloud-siem/.

 

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RISE IN E-COMMERCE FOR SMALL BUSINESSES IS A BIGGER RISK THAN JUST STOCK CONTROL

  • With consumer confidence in the high street at an all-time low, many SME shops and businesses have moved to online retail
  • Online retail sales rose by record 19.7% between April and May 2020
  • SMEs lack of IT knowledge, experience and skills could lead to potential online dangers from hackers obtaining personal data and fraudsters posing as you.

 

The high street, having already suffered a dramatic decrease in popularity, has struggled to return to pre-COVID sales figures, but is showing some signs of improvement. When non-essential shops were forced to close during lockdown, consumers were forced online.

For some SMEs this was devastating for their retail outlets and businesses. However keen entrepreneurs were driven to adjust their businesses to survive this crisis and technology became their saviour. According to the ONS Monthly Business Survey for May 2020[1], online retail for all sectors rose by 19.7% in May compared to April 2020, for many reaching this market was the only way to save their businesses. A staggering 85,000 stores appearing online in the three months to July 2020. However, business owners are being urged to review their online presence considering security issues posed with ecommerce trading.

ILUX, a leading IT systems, support and service company has been looking at the potential implications of inexperienced company owners launching their online presence. James Tilbury, managing director comments: “The pandemic and the lockdown has been the biggest pressure any company owner is likely to ever face. Even with the government support available, many would not have survived this time without shifting focus and identifying what can be done to save their business. Ecommerce offers endless opportunities, nationally and even internationally, to grow your business from a small shop or two, to a profitable and effective online store. But it does not come without risks.”

Worryingly, 32% of SMEs have been the target of cyber scams or malware with half of 5,000 SMEs surveyed by Sage[i], worried about their business being at a bigger risk since going online. However, only 6% would be investing in additional security.

ILUX, after reading these statistics, have realised some small business need some IT education. The company has produced some top tips to improve online security – for some immediate peace of mind. As a small business, the reputational and financial impact of a situation like a data breach will be destructive for a business, no matter how stable you think you are.

 

UNDERSTANDING DATA THAT SHOULD NOT BE SHARED

As a smaller business you may be working with just a few members of staff, but it is essential that they know what data is sensitive and what should not be shared. Training your staff could prevent internal data breaches, especially when it comes to GDPR (UK-GDPR from 2021). If your ecommerce site is hosted on Shopify, this data would be protected and should not be downloaded or shared.

 

SECURITY PROTECTION AND UPDATES ON LOCAL COMPUTERS

Although this is common sense, it is disturbing how many companies have out-of-date and even obsolete security software on their local computers. All anti-virus and malware software should be updated regularly. If a company has multiple devices in various locations, owners should set a reminder to ensure staff are checking for updates and make sure all software, when installed, is set to perform them automatically. Invest in trusted and quality products, you will get what you pay for, using a free platform when you are handling personal data is not recommended.

 

ENCRYPTION

Encrypt all your sensitive data at rest and in transit. Use of encryption allows only those with access to decrypt the contents of the file that has been converted using a special “key”. This means that even emails which are sent to other parties with personal data in them, or when you are uploading shipping address details to couriers, they are safe from anyone trying to intercept the data.

 

CYBER ESSENTIALS

Cyber Essentials is a simple but effective, Government backed scheme that will help you to protect your organisation, whatever its size, against a whole range of the most common cyber-attacks. Certification gives you peace of mind that your defences will protect against most common cyber-attacks – simply because these attacks are looking for targets without Cyber Essentials technical controls in place.

 

HOUSEKEEPING

As mentioned above, updates are essential for all software. Consider two-step verification too – to provide that extra layer of security. Encourage your staff to update localised passwords frequently – monthly is acceptable. Educate staff on identifying harmful emails – do not follow links or enter account information on anything received in an email. Ensure all networked passwords are secure and impossible to predict – change them regularly and only allow single person access per machine. Audit your systems regularly, and where you can, use external sources to review and monitor the company systems – the extra set of eyes can make all the difference.

James continues: “Online security should be risk assessed at the earliest convenience. If a small business owner has rushed to complete their transition to online, now is the time to sit back and analyse how robust those systems are. It is not as simple as logging into a Shopify account for instance – careful consideration is essential for all devices – whether that is PCs, laptops, tablets, and even mobile phones that handle any data. A customer data breach could be a costly exercise for the business – not just the financial implications, but this could become legal and involve larges fines for the business. Either way it will be detrimental to the business’ reputation. I would advise that all SMEs who are now selling online to bring in an external, professional and specialist set of eyes to overhaul your systems and protect you for the future.”

Businesses who have delved into ecommerce – and are concerned about the systems that have in place – are welcome to contact ILUX – they will be able to discuss the minimum requirements and offer some insight and support.

 

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BNP PARIBAS PERSONAL FINANCE COLLABORATES WITH EXPERIAN AND ARYZA TO HELP CUSTOMERS THROUGH THE COVID-19 PANDEMIC

The consumer finance specialist will be using the Open Banking tool to help customers create an affordable payment plan based on their financial circumstances

 

BNP Paribas Personal Finance will use Experian’s Open Banking technology and Aryza’s Debtsense digital platform to provide round-the-clock online account reviews to customers who have been affected by the Covid-19 pandemic.

Consumer finance specialist BNP Paribas Personal Finance has moved quickly with its partners to put the solution in place inside six weeks so that it can meet changing regulatory advice. Debtsense from Aryza uses Experian’s Open Banking service to allow people to share their account and transaction data, giving a clear and detailed picture of affordability, financial circumstances and commitments in rapid time.

The insights will enable BNP Paribas Personal Finance to accurately assess people whose finances have been affected by the pandemic and who may now be vulnerable. They can then be offered a payment break or an affordable payment plan based on their specific circumstances. The app uses the lender’s credit decision policy rules to create a personalised payment plan.

 

Stephen Hunt, CEO of BNP Paribas Personal Finance, said: “It’s clear that the impacts of the COVID-19 pandemic are having a far-reaching effect on consumers and the wider economy. Throughout this situation our focus has been supporting our customers as most of them have been impacted in one way or another by the coronavirus crisis and subsequent lockdown measures.

This collaboration with Experian and Aryza is a great example of companies coming together to innovate using the latest tech so we can help our customers quickly and easily set up a payment arrangement based on their affordability. Through launching this fully automated service to our customers, we believe this will be helpful, convenient and provide reassurance and control for our customers who need support as we emerge from this pandemic.”

 

Lisa Fretwell, Managing Director of Data Services at Experian, said: “The Covid-19 pandemic is having a significant effect on the economy and people’s household budgets. As we move towards the recovery stage of the crisis, it’s crucial lenders and financial providers have accurate and insightful information about their customers.

“Debtsense gives users the ability to assess someone’s affordability almost instantly, providing a 360-degree view of their financial circumstances. We’re pleased to be working with BNP Paribas Personal Finance so the tool can support their customers during this challenging time.”

 

Colin Brown, CEO of Aryza Group, said: “We are passionate about making consumer finance more accessible using technology. Over the years we have developed tools that allow consumers to re-engage on their own terms in a fully digital experience. We are delighted that BNP Paribas Personal Finance has embraced our technology and is using it to help those customers that are affected by Covid-19.”

More than 200 organisations are currently using Experian’s Open Banking service, many to help resolve financial hardship as a result of Covid-19 pandemic. Charities including Citizens Advice Liverpool and Mental Health & Money Advice are using the service to support clients through the pandemic, tailoring advice based on the individual’s situation.

Experian has been at the forefront and a leading innovator in the development of Open Banking technology. Its Open Data platform underpins more than 52 million API requests a month.

BNP Paribas Personal Finance will be using the Debtsense app via credit and debt recovery software specialist Aryza. The platform will help to support those in arrears as customers can set up affordable repayment plans and make payments in real-time using a mobile phone.

 

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