Despite knowing better, many organizations cave into attackers’ demands, paying ransomware operators whatever they ask for in exchange for the decryption keys to their locked data.
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A cyber-incident inflicts damage beyond just downtime and recovery costs. A breach can spell disaster for a company’s image, leading to devaluation, lost business, high turnover, and even bankruptcy in extreme cases. However, a breach isn’t the only cyber-threat lurking in the business sector.
54 percent of companies will increase IT security spending in 2019, and almost a third will do so by 10 to 20 percent or more, according to a study by eSecurity Planet. The reason? Fear of data breaches and the penalties under new privacy regulations like Europe’s GDPR.
Hackers are hitting European businesses with an increasing number of attacks meant to disrupt their operations, according to new data from DDoS protection experts. Both the volume and the complexity of the attacks is growing, and over half used multiple attack vectors.
Big cyber attacks like the Equifax incident in 2017 and the Marriot breach in 2018 have had devastating effects for those in the hackers’ crosshairs. But high-profile data breaches also hold important value for the good guys: clues to the attackers’ mindset.
Phishing remains the attack vector of choice for cybercriminals, with 23,000 incidents per organization annually, according to a new survey. Organizations spend on average $4.3 million per year to investigate phishing incidents.
2018 was a busy year for the cybersecurity sector, as independent cyber-criminals and state-sponsored actors alike further advanced their motives and tactics. Legislators in turn have flipped on the GDPR switch to punish organizations with lax security practices, and many still have a ways to go to achieve compliance.
Chief Information Officers in government are recognizing the importance of investing in game-changing technologies, including artificial intelligence, machine learning, analytics and blockchain. Spending on cybersecurity is projected to continue to rise as the government recognizes its role as the steward of public data, according to Gartner.
Most IT decision makers agree cybersecurity is the nut to crack in 2019 and beyond, but IT departments are surprisingly permissive with risky internal practices like shadow IT.
The cost of attack mitigation is ascending, and so it the number of organizations under attack. Between 2018 and 2019, most organizations have experienced some type of attack, and only 7% have experienced no attack at all, according to new research.
Does your business include cyber and privacy management in digital transformation "fully from the start"? Are you comfortable with your reporting on metrics for cyber and privacy risk management? These are among the key questions consulting firm PwC wants businesses to answer in 2019.
To enhance private sector awareness, the U.S. government is highlighting the biggest threats faced by American companies from enemy states.