Mere months after the NotPetya ransomware contagion, victims were already reporting more than $1 billion in damages across countries and verticals. And the costs associated with the attack are apparently still climbing.
As bad actors seek ever-more lucrative ways to enhance their Distributed Denial of Service (DDoS) attacks, analysts are noticing a sustained effort from the black hat community to amplify their firepower.
Employees are a company’s first line of defense against an impending breach. All it takes is one negligent staffer with bad password hygiene, or an unwary employee falling for a phishing scam, for hackers to gain a foothold in an organization’s infrastructure.
Reuters reported last week week that the ransomware attack suffered by the city of Atlanta in March was proving costlier than initially thought. City officials told the news agency that the strike continued to disrupt Atlanta’s “mission critical” applications even after its discovery, as the pestilence had not been fully contained.
The French National Commission on Informatics and Liberty (Commission Nationale de l'informatique et des libertés or CNIL) has issued a record fine to an optical center after the company failed to secure the personal (and in some cases highly sensitive) data of its customers.
Once a paltry segment of enterprise IT, security has become a crucial factor in the success of an organization. This paradigm shift, driven by growing legions of bad actors and new regulations, have cast the spotlight on IT security leaders like never before. This, Gartner analysts calculate, creates an unprecedented opportunity for CIOs and CISOs to prove their value and – why not? – forge new career paths.
Breaching enterprise systems and holding their data hostage is a growing threat to organizations everywhere. Governments are fighting back by putting the onus on custodians to protect their data or face hefty fines. Even so, bad actors show no signs of backing off.
Ransomware remains the top threat faced by businesses as we move into the second half of 2018. Since the emergence of the first strains of ransomware in 2013, this nefarious trend has unfortunately only kept growing. And the latest such incidents have shown an increased focus on the healthcare sector.
The Internet of Things may be mostly a consumer-facing phenomenon, but businesses too have become swayed by the IoT sensation. And, like regular users, they are starting to feel the heat caused by unsecured IoT devices.
The onset of 2018 has seen European businesses bombarded with cyberattacks, including a staggering 80 million pure fraud attempts. With a 30% increase in cybercrime year-over-year and strict new laws coming into effect this month, digital businesses in Europe – and indeed everywhere – need to make cyber-security a priority now more than ever.
Most companies admit they don't invest enough in application security until after they've suffered a breach, and almost half lack clear visibility into their business-critical apps, according to new data sourced by Ponemon Institute.
Two weeks from today, companies that process personally identifiable information of EU citizens will feel the heat of the new data protection law that brings the biggest changes in 20 years to the European Economic Area. That law is the General Data Protection Regulation (GDPR), and it’s a big threat to the bottom line of those found non-compliant after May 25. A GDPR benchmark report focused on the financial sector reveals that investment firms are extremely ill-equipped to face GDPR requirements.
