Red Hat Shares - Security Automation
Red Hat News, March 29th, 2023
When a mobile game platform loosened security procedures to accommodate more users, it exposed players to a theft of US$615 million in cryptocurrency. Ransomware that gained entry to an oil pipeline's digital systems via an unprotected password led to widespread fuel shortages, panic buying and multimillion-dollar losses.
Again and again, cybercriminals exploit vulnerabilities in people and systems, causing damage to finances, reputations and everyone connected to the targets.
With human error accounting for 95% of security breaches and costs associated with cybercrime predicted to reach US$8 trillion globally in 2023 according to Cybersecurity Ventures, manual detection and responses aren't enough. The threat landscape has grown too complex; having to process and prioritize potentially thousands of security data points at any given moment can overwhelm even the most capable IT teams. According to a 2022 IBM report, it takes nine months on average 'to identify and contain a breach.'