Businesses with a good understanding of the latest cyber-security solutions and data protection laws are reaping the payoff in terms of significant revenue growth, according to a report by Oxford Economics.
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An essential part of an IT department’s mission is to stay atop the latest technological trends. And that includes protecting corporate networks by leveraging the latest security solutions and processes.
Security remains a top-of-mind priority for companies in every vertical as they seek to protect themselves from cyber-attacks while meeting stringent new regulatory requirements. International Data Corporation (IDC) projects security will be a $133.7 billion market in 2022.
New data protection laws are cropping up at every pace, as cybercriminals continue to hone their infiltration techniques while the number of data breaches reported by businesses big and small continues to be on the rise.
An enterprise’s first line of defense, experts agree, is the employee. And the first factor of enterprise authentication is the password. It takes a single untrained pair of eyes to fall for a phishing scam to let hackers into an infrastructure.
Cloud security has finally become a big-enough blip on IT professionals’ radar to be taken seriously. Almost all respondents in a recent cybersecurity study revealed that their organization has agreed to increase the resources allocated to protecting the company’s assets from bad actors – and to great extent, too.
The General Data Protection Regulation, which took effect in May, has renewed interest in security spending. Gartner projects it will drive 65 percent of buying decisions related to data loss prevention by the end of the year. The focus of the regulation, known commonly as GDPR, is on citizens in the European Union. But its impact is becoming global.
Cybersecurity is often likened to a cat-and-mouse game, with Jerry a step or two ahead of Tom as the rodent gets up to mischief. That’s because cybersecurity is a cat-and-mouse game. Hackers almost always have the advantage of surprise, while IT departments are left picking up the broken pieces should their defenses fail.
Sophisticated malicious emails continue to creep into every inbox, every day. Yet many employees still don’t know enough to spot an unsecure website, and 13 percent of them click on URLs that could hide malware. And, while experts recommend training staff to sniff out phishing campaigns and other cyber threats, they also advise not to rely on staff to keep hackers out.
Reporting data breaches wasn’t mandatory for every type of organizations before the GDPR came into force, but the health sector is a different animal. Healthcare is more tightly regulated than most other industries, and it’s also seen a spike in data breaches in the last year – especially ransomware attacks. With the new regulations in place, reported incidents in healthcare are, not surprisingly, on the rise.
Across the globe, an estimated 5% of small-to-mid-sized businesses (SMBs) fell victim to ransomware from 2016 to 2017, and according to 97% of managed service providers (MSPs) ransomware attacks increase in magnitude year over year.
Outdated software is now a bigger threat than weak passwords, bring-your-own-device (BYOD) and unsecured USB sticks, according to a new study.