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24
Feb

Security Analytics – Big Data Use Case


Another day, another data breach.  Just received another “We’re sorry you got hacked”…letter.  

This is the fifth letter I have received in the past 3 months:  Forbes.com, Target, Neiman Marcus, credit card company and a previous employer.  What is going on?

Why aren’t firms investing in beefing up their predictive ability to spot the cyber-security intrusion threats? What’s taking them so long to identify?  Why is the attack signature – sophisticated, self-concealing  malware – so difficult to spot?   Do firms need to invest in NSA PRISM type threat monitoring capabilities?

The three impediments to discovering and following up on attacks are:

  • Volume, velocity and variety – Not collecting appropriate security data
  • Immaturity and not identifying relevent event context (event correlation)
  • lack of system awareness and vulnerability awareness

Obviously… where there is pain…there is opportunity for entrepreneurs see below – data from IBM).  There is a growing focus on big data use case for security analytics after all the breaches we are seeing.  General Electric announced it had completed a deal to buy Wurldtech, a Vancouver-based cyber-security firm that protects big industrial sites like refineries and power plants from cyber attacks.

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Here are three recent examples that I was personally affected by – Forbes,  Target, Neiman Marcus.  

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