Page 133 - Cyber Defense eMagazine January 2023

• Management compromises (individuals or teams abusing their power)
• Faulty business logic
• Third-party protocol misuse
• Coding errors

All that can lead to crypto theft, identity theft, personal information leakage, etc., forcing organizations to
create secure DeFi protocols by working with experienced developers.

Create a defense strategy

Banks and other financial institutions are legally obligated to uphold security controls that safeguard the
confidentiality, integrity, and availability (CIA) of both their business data and client data, as these attacks
can potentially cause sizable, widespread financial and reputational losses.

The financial industry should focus on safeguarding digital transformation results, expanding its
cybersecurity capabilities, and building a security workforce.

Since securing your organization with a few simple measures is no longer possible, banks, financial
institutions, investment companies, and other organizations now need comprehensive security strategies
with experienced professionals leading the way.

About the Author

Ben Herzberg is the Chief Scientist of Satori. He is an experienced
tech leader and book author with a background in endpoint security,
analytics, and application & data security. Ben filled roles such as the
CTO of Cynet, and Director of Threat Research at Imperva. Ben is
the Chief Scientist for Satori, the DataSecOps platform.

Ben Herzberg can be reached online at
https://www.linkedin.com/in/sysadmin/ and at our company website
https://satoricyber.com/

Cyber Defense eMagazine – January 2023 Edition 133
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