The danger of data theft is becoming more and more of a concern as over 23,000 cellphones are stolen internationally each month. Experts stress the significance of taking precautions and putting solutions into place to preserve personal information, as the Global Mobile Phone Insurance Ecosystem Market is anticipated to reach USD 91.56 billion by 2030.
According to research, more than 50% of smartphone owners don’t secure their devices with passwords, making them susceptible to theft and to data leaks. Android devices, which make up 57% of stolen and compromised devices while Apple iPhones makeup 21% of the total, are particularly prone to security breaches.
When a mobile device is lost or stolen, experts advise taking the following precautions to guard against potential data breaches: Set up automatic backups for data preservation, notify your service provider of the theft and update the passwords for all connected accounts, get in touch with your bank for financial security, note the device’s serial number and use a phone finder app, use strong passwords and enable two-factor authentication, and keep a record of the IMEI number for reporting the theft and tracking the device.
Also, experts advise taking anti-theft gadgets into account. North America and Asia-Pacific are two important regions for growth in the global market for vertical mobile phone anti-theft devices. These gadgets give an extra degree of security and serve to discourage would-be burglars.
One such solution that handles smartphone theft, fraud, device trafficking, and associated challenges is Trustonic’s Asset Lifecycle Protection Service (ALPS). ALPS provides operators and Mobile Virtual Network Operators (MVNOs) with a secure communication method to regulate device communications and thwart illegal use by securing devices at their core, in the CPU and modem firmware.
Operators can efficiently combat device-related crimes and safeguard user’s personal information by deploying ALPS and comparable technologies. Major operators have come to trust ALPS because of its dependability and efficiency, and millions of devices now make use of its improved security features.
It is essential for people to take proactive actions to protect their data and privacy as the prevalence of mobile device theft increases globally. Users can reduce the dangers connected with mobile device theft and guarantee a safer digital experience by implementing strict security procedures and utilizing cutting-edge technologies.
CardinalOps has expanded its detection posture management capabilities by incorporating MITRE ATT&CK Security Layers into its platform. MITRE ATT&CK has emerged as the industry-standard reference for assessing an organization’s detection capabilities against various cyber threats and attackers. It encompasses over 500 techniques and sub-techniques commonly employed by threat groups.
The core idea is straightforward: if defenders can effectively detect these techniques occurring within their networks, they can identify the presence of potential attackers. However, translating this concept into effective practice is challenging due to the sheer volume of ATT&CK techniques and the flood of alerts generated by detection systems.
CardinalOps operates on the belief that achieving efficient and effective detection posture management against MITRE ATT&CK techniques necessitates automation. Their platform automatically assesses the detection rules used within Security Information and Event Management (SIEM) and Extended Detection and Response (XDR) systems (including solutions like Splunk, Microsoft Sentinel, IBM QRadar, Google Chronicle SIEM, CrowdStrike Falcon LogScale, and Sumo Logic) against the techniques listed in ATT&CK. This process not only enhances the rule set but also provides accurate measurements and opportunities for improving the detection posture.
Security Layers also empower defenders to align their coverage with specific business objectives by identifying blind spots related to critical assets, such as sensitive applications and data. This innovation combines the ‘detection-in-depth’ concept with the fundamental principles of ‘defence-in-depth’ cybersecurity.
Founded in 2020 in Tel Aviv by CEO Michael Mumcuoglu, CardinalOps has been gaining traction in the cybersecurity sector. In March 2022, the company secured $17.5 million in a Series A funding round led by Viola Ventures, bringing their total raised capital to $24 million. This expansion of their MITRE ATT&CK-based detection capabilities position CardinalOps as a significant player in the evolving landscape of cybersecurity solutions.