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Learn how cyber attacks can affect businesses, the risks of vulnerabilities like Heartbleed, and how ShapeShifter provides real-time defense against major web attacks with its polymorphic technology.
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ShapeShifter Jennifer Nguyen, Jordan Travis, Cian Connor, Rebecca Miller
Do you remember when you had to warn 465,000 card holders that their personal information may have been accessed by hackers back in July?
How Cyber-Attacks can affect a business • Consumer-oriented business • On average, an attack costs $300,000 • Companies are attacked 2M times a week
Heartbleed • Heartbleed is an Information leak • 81% of sites are vulnerable to the Heartbleed bug. • A malicious heartbeat signal could force a computer to divulge secret information stored in its memory. • Heartbleed exposes your usernames and passwords.
Heartbleed "It's probably the worst bug the Internet has ever seen,"said Matthew Prince, CEO of website-protecting service CloudFlare. "If a week from now we hear criminals spoofed a massive number of accounts at financial institutions, it won't surprise me."
“The Web Was Designed to be Open Not Secure” • Globalization • Increased digitization • Interconnected through the web • Open source by default leads to vulnerability • Cyber Breaches • HTML (Hyper Text Markup Language) is a publicly readable code
Shape Security’s “ShapeShifter” • Comprehensive defense system against major web attacks • Disables the capability of malware to interact with the website • Real-time “polymorphism”
Cost of ShapeShifter • ShapeShifter’s estimated cost is in the 6 digits • Last year, you spent $8B on technology • In 2013, you decreased your IT spending by 1.3% • After your security breach, you increased your IT spending by 0.6%
Consumer protection is a top priority for the banking industry • Thousands of customer’s credit cards numbers, passwords, bank statements • Risk of electronic information is always on the rise • Seek new & innovative ways to meet the demands of cyber security.
"By preventing automation against any website’s user interface, Shape’s technology allows enterprises to block dozens of attack categories, such as account takeover, application DDoS, and Man-in-the-Browser, with a single product. This is not only a powerful new tool for enterprises but a potentially disruptive technology for multiple sectors of the cybersecurity industry." Robert Lentz, former Chief Information Security Officer of the United States Department of Defense