New research reveals that cyber-attacks by unsophisticated hackers this year have successfully exploited vulnerabilities that many of the world's famed businesses were already aware of but did nothing to fix.
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Despite considerable efforts to educate employees on ransomware, many organizations still don't know what to do if they fall victim to an attack. According to part 2 of Intermedia's Data Vulnerability Report, a record number of employees and their employers are paying ransom.
The United States Congress plans to introduce a bill that would push companies to report a breach within 30 days of its occurrence, or else. The law echoes similar efforts in the European Union, which aims to enforce similar regulations next year.
A survey of 1,300 senior executives at companies doing business in the EU reveals that the most-prepared firms are using the General Data Protection Regulation (GDPR) as a catalyst to up their game in cyber risk management.
Despite drafting new legislation to stay on par with the GDPR following Brexit, the United Kingdom is lagging behind the United States in investing to comply with the EU’s looming new data protection law. Both countries, though, are equally unprepared for GDPR, new data shows.
Eight months to go until the EU’s General Data Protection Regulation takes effect and only 26 percent of government organizations are aware of the impact of GDPR, the lowest of any sector, according to SAS. Privately held companies aren’t much better off.
As of 2017, a single cyber incident can put a small company out of business, according to new research by Ponemon Institute. The findings confirm Bitdefender’s predictions for 2017 that targeted attacks would increase due to poor security of corporate networks.
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.
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.