One of the biggest consumer credit reporting agencies in the United States is learning a harsh lesson. A massive breach that affected personal information of 143 million U.S. consumers has led to the forced retirement of Equifax’s chief information officer and chief security officer, a 13 percent drop in market valuation, several class action lawsuits and a deterioration in public trust.
All about Virtualization and Cloud Security | Recent Articles:
With 200 pages telling businesses how to handle customer data come May 2018, the EU’s General Data Protection Law has inadvertently created a long list of job openings – 75,000 by some estimates – for those who can responsibly juggle big chunks of data.
China’s new cyber-security law, in effect since June 1st, contains vague and onerous language that authorities could invoke to compel security checks, forcibly demand data or to inspect proprietary technology.
New data from Akamai Technologies reveals that distributed denial of service (DDoS) and web application attacks are on this rise following months of decline, increasing 28% in Q2 2017 from the same period last year.
Organizations worldwide are on track to spend a cumulative $86.4 billion on information security products this year, a 7 percent increase over 2016, Gartner reports. The research firm anticipates that figure will climb to $93 billion in 2018.
Taking a leaf from the EU’s book on data protection, the United Kingdom is preparing to introduce a new law that will see it aligned with the General Data Protection Regulation (GDPR), to be on par with the rest of Europe after it is no longer a member of the union.
Collaboration between Bitdefender, Europol, the FBI and the US Department of Justice has successfully ended with the takedown of Hansa, the global criminal marketplace. Operating on the Tor network, the dark net market distributed illegal goods and services, including guns and drugs.
Businesses are growing increasingly aware of the security risks beyond the control of their cloud provider, according to new research by B2B ratings and reviews firm Clutch.
Businesses in a wide swath of industries across the globe place too much trust in perimeter security solutions like firewalls, IDPS and content filtering, even though 28% of them suffered a breach in the past 12 months, according to a survey of 1,050 decisions makers. And new EU legislation will soon demand companies protect customer data, or else.
As Britain leaves the European Union, businesses in the sovereign state want financially stable cloud providers and prefer those that store data locally and offer local support, according to a recent survey.
A Deloitte survey of 400 executives in the consumer product segment indicates that businesses are confident they can fight cybercrime, but at the same time they are ill prepared to do so. Going by the numbers, business execs indeed have a ways to go to protect customer trust, intellectual property, payments and human capital.