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Data Security & Fraud Prevention Roundup – April 11th, 2014

by Futurex on April 11th, 2014

Our Data Security & Fraud Prevention Roundup contain links to the best data security and fraud prevention-related articles, blog posts, news releases, interviews, and anything else that we found interesting from around the web over the course of the prior week and our thoughts on them.

#1: Hackers Lurking in Vents and Soda Machines by Nicole Perlroth, The New York Times (April 7, 2014)

Hackers are coming up with more inventive ways to gain access to organizations’ sensitive data through devices such as heating and cooling systems, printers, thermostats, and more. Hackers are able to accomplish this by penetrating the weak data security of third-party vendors who have been given access to a larger company’s sensitive data, inadvertently or not.

#2: Fake job applications most common entry point for fraudsters, says CIFAS by Grace Lewis, People Management (April 8, 2014)

As fraud cases are continuously increasing in the workplace, there is no better time to incorporate more security measures to protect your sensitive data. According to a new report, deceitful job applications have attributed to over 50% of all internal fraud cases just last year.

#3:  4 Tips for Choosing a Secure POS System by Sarita Harbour, Business News Daily (April 7, 2013)

If you’re a large retailer or financial institution looking to implement a Point of Sale (POS) system, there are a few things you should keep in mind. Sarita Harbour highlights four areas merchants should focus on, from PCI compliance to Point-to-Point Encryption (P2PE).

#4: 6 ways the Internet of Things will transform enterprise security by Jaikumar Vijayan, Computerworld (April 7, 2014)

Vijayan presents the top 6 ways the Internet of Things trend will affect large enterprises in the coming years, showing how vital it is that organizations start bolstering their data security infrastructures now.

 #5:  One of the Most Important Data Security Cases Was Just Decided: FTC v. Wyndham by Daniel Solove, LinkedIn (April 8, 2014)

What is FTC v. Wyndham, and why does it matter for your organization? If your enterprise handles any sort of sensitive personal data, this case makes enforcing good data security practices even more important. Daniel Solove discusses this data security case and what it means for the future of privacy policies.

If you find something interesting that you’d like to see considered for next week’s Data Security & Fraud Prevention Roundup, don’t hesitate to let us know.  We’re always on the lookout for new and interesting perspectives on data security news, issues, thoughts, and best practices.  Send your best links to info@futurex.com, or share them with us on Twitter (@Futurex).


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CryptoCube: Increasing the Efficiency of Your Cryptographic Infrastructure

by Rachel Barnett on April 8th, 2014

The trend toward converged cryptographic infrastructure is aiding organizations by reducing the cost of data center space and energy consumption, as well as simplifying the process of maintaining and managing multiple devices.

The traditional cryptographic infrastructure, up until now, had typically been fragmented and isolated, with very little centralized management. Sourcing different devices from various vendors made it difficult to standardize on one platform. Maintenance, upgrades, and data processing required specific employee training for each device, as well as separate monitoring and management. In large organizations, these devices would often be physically placed in several locations all over the globe, requiring a great deal of travel for the organization’s employees. This fragmentation was incredibly costly to organizations who must pay to hold separate devices at multiple data centers.

Fortunately, the technology of the past has been replaced. Futurex has developed a line of data security solutions that operate together to produce a result far beyond the sum of its parts. These devices cover an organization’s entire cryptographic infrastructure, eliminating the hassle and cost of sourcing equipment from multiple vendors. Because Futurex’s Hardened Enterprise Security Platform is built using a base architecture model, any enhancements, upgrades, and features made to one Futurex device can be implemented across all the other components of the platform.

Futurex’s push toward continuous innovation allowed us to take the functionality of the Hardened Enterprise Security Platform one step further, promoting even more ease of use and convenience for organizations. That step resulted in CryptoCube, an all-in-one consolidation of the Hardened Enterprise Security Platform. CryptoCube allows organizations to customize their own cryptographic infrastructure, compiling a unique collection of devices together while reducing their data center footprint.

CryptoCube decreases the cost of data center storage and energy consumption by placing all the devices in one compact, energy efficient unit. Having all the devices located together aids in device maintenance, with secure access and key management functionality available anywhere in the world through Futurex’s Securus FIPS 140-2 Level 3 validated tablet. Disaster recovery and backup of all your organization’s data can be easily added through the VirtuCrypt Hardened Enterprise Security Cloud service.

By creating devices that fulfill every aspect of cryptographic management and combining it with the functionality of CryptoCube and the VirtuCrypt cloud, organizations can rest easy knowing that Futurex has them completely covered, from key management to transaction processing to disaster recovery, and everything in between.


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Data Security & Fraud Prevention Roundup – April 4th, 2014

by Futurex on April 4th, 2014

Our Data Security & Fraud Prevention Roundup contain links to the best data security and fraud prevention-related articles, blog posts, news releases, interviews, and anything else that we found interesting from around the web over the course of the prior week and our thoughts on them.

#1: Data is More Secure with Cloud Hosting Provider, SmartData Collective (April 3, 2014)

Ponemon’s newest study shows that healthcare organizations are typically distrustful of cloud services. This article compares the security measures in place for cloud service providers versus in-house healthcare organizations, and the scale tips far in favor of cloud security.

#2:  Tech’s Best 2014 April Fools’ Jokes by Nathan Olivarez-Giles, The Wall Street Journal (April 1, 2014)

Your friends aren’t the only ones who pull shenanigans on the first day of April; Giant tech corporations are doing it too. If you were wondering what the best April Fools’ Day pranks were, here is a list of familiar tech companies that went above and beyond to dupe us all.

#3: Hackers Turn Security Camera DVRs Into Worst Bitcoin Miners Ever by Robert McMillan, Wired (April 1, 2014)

Recently, hackers have turned to a new method to mine Bitcoins: security camera DVRs. This malware highlights an increasing need for data security for the Internet of Things. If hackers are now successfully utilizing internet-connected devices to mine Bitcoins, what other sensitive data will they target next?

#4: Security in a Constantly Connected World by Claire Lambrecht, Forbes (April 3, 2014)

Too often, customers are forced to choose between using efficient, smart technology and abstaining from that convenience in order to protect privacy. The Internet of Things inherently represents a data security risk, with a goldmine of consumer data flowing across the internet making a tempting target for hackers.

If you find something interesting that you’d like to see considered for next week’s Data Security & Fraud Prevention Roundup, don’t hesitate to let us know.  We’re always on the lookout for new and interesting perspectives on data security news, issues, thoughts, and best practices.  Send your best links to info@futurex.com, or share them with us on Twitter (@Futurex).


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Join Futurex at ETA Trasact14

by Futurex on April 3rd, 2014

We’re back to Las Vegas for another amazing ETA conference on April 8-10th. We’re pleased to join the leaders of the electronic transaction and payment industry to learn more about trends and where the market is heading. We will be providing information about CryptoCube, a revolutionary convergent system combining all of the features of the Hardened Enterprise Security Platform, in one package. CryptoCube is a turnkey customizable solution for enterprises and agencies looking to implement a cryptographic infrastructure into their existing environment. CryptoCube has a full range of functionality useful to payment and transaction processors including best-in-class hardware security modules, key and certificate management functionality, remote monitoring and device configuration as well as solutions to establish encrypted point-to-point connections.

Additionally, Futurex will also be providing information about VirtuCrypt, the secure enterprise hosted cloud solution. Businesses from large Tier-1 enterprises to medium and small businesses can benefit from VirtuCrypt. VirtuCrypt allows organizations to secure their IT infrastructure without the costs associated with maintaining a secure facility.

Headed to the show?  Want to set up time to meet up?  Just let us know.


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