Over $40M in bitcoin stolen!

Binance says more than $40 million in bitcoin stolen in ‘large scale’ hack.

What it tells us is that Cyber Security is the most important area to be looked in Industrialization 4.0. Usage of IOT / Apps (used for collecting and storing customer data along with infrastructure) which is not protected is vulnerable to malware threats.

As a result of this, we need to look into various areas where we use “products and solutions” which are related to applications. Need to think of App security such as

a) DDOS Protection – Defend against Disruption (Volumetric – Consume all available bandwidth across the network link/Application – Mimic legitimate application requests but attempt to overloads web servers resources such as CPU or memory/Computational – Exhaust infrastructure resources, such as firewall state tables, leading to crashing or degraded performance)

b) App Infrastructure Protection – Preserve integrity,

c) Web-APP and API protection – Protect App and data (Protect user credentials/ prevent web fraud). For this need to understand the OSI layers where layer4 (Transport & layer7 App are vulnerable).

d) SSL Visibility – Gain visibility into encrypted threats hides within SSL/TSL encryption.

e) Bot Management – Protect against Bot-driven threats.

#iot #firewall #management #cybersecurity