Senator Elizabeth Warren is proposing an amendment that would establish criminal liability for negligent executive officers of major corporations.
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Most enterprises are aware that business disruption carries heavy costs, but still they fail to prioritize the security of business-critical applications.
It has long been accepted as truth that staff, an organization’s first and last line of defense, is the vulnerability that malicious actors most take advantage of to steal data or deploy malware. But newer studies show an increase in malicious insiders, and one survey indicates that most IT security leaders believe this to be the case in their organization.
Countering internal threats remains one of the biggest challenges for businesses, with a rise in phishing and ransomware attacks, as well as negligent and malicious insiders, new research shows.
Companies with customers or employees in California have only 10 months to become compliant with the toughest privacy law so far in the United States. But only a small percentage of such organizations are ready for the upcoming legislation.
Financial damage associated with cybercrime and insider threats jumped 12% globally in 2018 and accounted for a third of all cybersecurity costs, new research shows.
Phishing remained a preferred attack vector in 2018, with hackers ramping up their efforts by 250% between January and December. Phishing attack methods have also evolved in recent times, as bad actors are forced to bypass increasingly efficient anti-phishing tools and techniques.
The healthcare industry has been a major target for bad actors in recent years, who have inflicted heavy financial losses, reputational damage and risking patient health. Administrators have responded by bolstering cybersecurity budgets, security solution deployments, and awareness training. But much more needs to be done to stay on top of this constant threat, experts believe.
There’s no shortage of research in the cybersecurity sector. Players in this vertical relentlessly keep tabs on the trends, both positive and negative, to better understand cybercriminals’ mindset and deploy adequate defenses. One recent study reveals that businesses in all industries most fear their staff – both the negligent worker and the potentially nefarious employee.
Despite ever-stricter regulations, businesses across the world are increasingly exposing company data by irresponsibly using unsecured public cloud services and applications, new research shows.
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.
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.