The Gately Report: Netenrich Says Focus On Data Insights to Thwart Cyberattacks

Focusing on data and how businesses can leverage data insights are keys to staying safe and keeping cybercriminals from succeeding in their attacks.

That's according to Justin Crotty, Netenrich’s senior vice president of channels. With its Resolution Intelligence Cloud, its secure data analytics platform, Netenrich turns big data into intelligence so enterprises can expose and manage security risk to reduce business impact.

Netenrich's Justin Crotty

"For so long, operations, both digital and security operations, have sort of been hey, there's a gap, let me throw a tool at it," he said. "It's been a sort of a tool bag fight, meaning, 'Let me put a bunch of tools in my toolbelt. Let me have a tool for all these various feature functions that I need to keep an organization or to keep a customer safe.' That has just resulted in massive tool sprawl."

Data Insights More Effective than Piling On Tools

A lot of the tools are good, they were built for specific purposes and they serve those specific purposes, Crotty said.

"There's nothing wrong with the decisions or the technology, but the the concept behind it is not sustainable," he said. "You can't just keep piling tools on these human operations teams and expect them to to catch a rapidly expanding attack surface or rapidly innovating threat actor universe out there. Instead, organizations need to start focusing on data and how data can be more effectively leveraged to identify and isolate, and remediate problems, and platforms that focus on data and focus on helping humans, security operations teams ... reduce the amount of noise that's coming at them, prioritize risk against what's important to the business, and ultimately, speed resolution or remediation of those issues. That's where we're betting big."

In July, Netenrich discovered the emergence of FraudGPT, an artificial intelligence (AI) bot that helps cybercriminals launch business email compromise (BEC) phishing campaigns on organizations.

Netenrich calls FraudGPT the “villain avatar” of ChatGPT. The AI bot can craft spear phishing emails, create cracking tools and more.

Scroll through our slideshow for more about Netenrich data insights and other cybersecurity news.