Assets Under Management (AUM) is a critical metric in the world of finance and investment, representing the total market value of investments that an entity, such as a bank, hedge fund, or investment management company, manages on behalf of its clients. For C-Suite executives, understanding AUM is essential as it reflects the organisation’s scale, investor confidence, and, crucially, revenue potential.
AI and automation in cybersecurity are designed to enhance the three pillars of breach response: detection, containment, and remediation.
### The Misconception of Security Through Size
One pervasive misconception is that smaller businesses are less likely to attract cybercriminals’ attention. However, data proves otherwise: cybercriminals often see SMBs as easy targets precisely because they may lack the extensive defences of larger enterprises. Small and medium businesses hold valuable data, including customer information, financial records, and intellectual property, making them prime candidates for attacks such as phishing, ransomware, and business email compromise.
Cryptography is the science of securing information and communications by encoding data so that only authorised parties can access it. Cryptographic mechanisms underpin various corporate processes, from securing customer data and enabling secure transactions to protecting intellectual property and ensuring secure internal communications. As businesses digitise their operations, cryptography becomes a cornerstone of data protection and regulatory compliance.
Cryptographic failures occur when encryption mechanisms fail to secure data as intended. This can happen due to flaws in cryptographic protocols, poor implementation, or the use of obsolete algorithms.
Access control is the process of defining who can access what resources and under what conditions. When these controls are not properly implemented or enforced, it leads to Broken Access Control. This vulnerability allows unauthorised individuals to access sensitive data, modify critical systems, or even take complete control of the infrastructure.