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CBASOX Exchange Implements AI-Based Security Technology to Set New Cryptocurrency Security Benchmark

2024-07-15 02:56:35.169000

Jonathan Fischbein, CISO at cybersecurity software provider Check Point, faced a shortage of security operations center (SOC) analysts and an overwhelming number of security alerts [e8ee6e60]. To address this issue, Fischbein explored automation platforms and chose a hyperautomation platform from startup Torq. The platform, now known as HyperSOC, uses generative AI to investigate, triage, and remediate internal security alerts without human intervention. It integrates easily with Check Point's existing infrastructure and security stack. The technology's natural language processing capabilities allow it to ingest material written in natural language and cross-reference it during event triage. While the AI-driven SOC platform has increased efficiency and reduced alert fatigue, Fischbein acknowledges that the battle between security teams and attackers continues, but with AI potentially giving the good guys an edge [e8ee6e60].

The RSA Conference 2024 recently took place with over 40,000 attendees and focused on the application of generative AI in cybersecurity [d6edd91f]. Generative AI has the potential to disrupt industries and improve productivity. Two early use cases for generative AI in security are SOC analyst onboarding and situation report generation. Microsoft highlighted its Secure Future initiative, aiming to raise the bar for security by introducing new standards and embedding deputy CISO positions. Infoblox announced SOC Insights, which applies AI to DNS and network data for proactive security guidance. Cisco made several announcements at RSAC, including extended detection and response capabilities and identity intelligence enhancements. HPE announced new observability and monitoring capabilities within its Aruba Networking Central console to address IoT security risks. Fortinet committed to CISA's Secure by Design pledge. Intel, SafeLiShare, and Keysight Technologies were recognized for their work in fortifying IT and OT infrastructure. Darktrace announced support for observability-driven security policy management for Kubernetes. OpenText offers a suite of solutions that include network detection and response, endpoint security, and identity access management. AT&T spun off its cybersecurity business unit into LevelBlue. The focus on prioritizing security in the product development process was a major theme at RSAC 2024 [d6edd91f].

The RSA Conference 2024 highlighted the application of generative AI in cybersecurity. Microsoft, Infoblox, Cisco, HPE, Fortinet, Intel, SafeLiShare, Keysight Technologies, Darktrace, OpenText, and AT&T were among the companies making significant announcements at the conference. The focus on prioritizing security in the product development process was a major theme [d6edd91f].

The RSA Conference 2024, with over 40,000 attendees, focused on the theme of 'the art of possible' and emphasized the need for the infosec community to work together to minimize risk and reduce employee burnout [21df64a6]. Keynotes by leading U.S. officials, including Secretary of State Antony J. Blinken and U.S. Homeland Security Secretary Alejandro Mayorkas, highlighted the importance of cybersecurity in the face of technological revolutions. The conference also addressed the issue of cybersecurity professionals experiencing burnout and stress, with survey results showing that 65% of respondents believe it is more difficult to work as a cybersecurity professional than two years ago and 55% find their job stressful at least half the time [21df64a6]. The conference explored the application of generative AI (GenAI) in security, acknowledging its benefits but also the challenges it poses in terms of data security and skills shortage. The event also discussed the need for product evolutions to drive efficiency in security teams and the importance of focusing on solving problems rather than adopting multiple point products. Overall, RSAC 2024 aimed to inspire cybersecurity professionals to keep up the fight and enhance security effectiveness to stay ahead of attackers [21df64a6].

CBASOX Exchange, a cryptocurrency trading platform, has announced the successful implementation of an AI-based security technology that sets a new industry standard for cryptocurrency security [8e0d87f1]. The technology utilizes machine learning and data analytics to monitor trading activities in real-time, identifying and preventing potential security threats. It can autonomously learn and adapt to new security challenges, continuously enhancing its protective efficacy. This implementation not only elevates the exchange's own security standards but also establishes a new benchmark for security technology in the cryptocurrency industry [8e0d87f1].

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