The Melbourne Cup officially kicks off tomorrow, and Jeffrey Kok, senior director of Pre-Sales Asia Pacific and Japan at CyberArk has a few tips for Australians betting their money on the ‘race that stops the nation’.
"As betting online becomes bigger and bigger business, virtual platforms are a cornerstone of the gambling industry, with tens of millions of dollars invested in the infrastructure and expertise needed to entice punters to their sites and cater to the thousands upon thousands of transactions that take place on a daily basis – with matters coming to a peak as race day approaches,” he explains. "As with any business that depends on internet-related business for its livelihood, the gambling houses have also heavily invested in security to keep their sites up and running.”
Kok adds that the types of protection that are in place aren’t always enough to stop ransomware.
"Ransomware is software that, simply put, encrypts files and data on the victim’s infrastructure blocking any usage of such files and data until a sum of money is paid,” he says.
“It has been used to target individuals but is increasingly a problem for enterprises as hackers seek to maximise revenues.”
In order need to combat these threats, here are Kok’s five pieces of advice:
"To effectively defend against such ransomware attacks, organisations must combine the principle of removing local privileges and. application control to reduce the attack surface and block their progression."