All about Virtualization and Cloud Security | Recent Articles:

• Most security professionals have difficulty maintaining security configurations in the cloud
• 22% still assess their cloud security posture manually
• Security pros confess they need more automated enforcement

Organizations face shortcomings in monitoring and securing their cloud environments, according to a survey of 310 security professionals.

• Cybercrime will cost more than $11 million per minute globally by 2021
• Organizations spend on average $25 per minute to tackle malicious activity
• Threat intelligence emerges as a key asset in defending the enterprise against cyber threats

The global cost of cybercrime has doubled since 2015. Cybercrime now costs organizations $25 per minute and will have a per-minute global cost of more than $11 million by 2021, according to a new report.

• 50% of businesses find it harder to detect insider threats after migrating to the cloud
• customer data is the most vulnerable to insider attacks
• the average cost of remediation after an insider attack is anywhere between $100,000 and $2 million

Insider threats pose a significant danger to any organization. This danger is exacerbated as the global pandemic forces a shift to cloud applications and remote work. According to a new report, 50% of businesses find it harder to detect insider threats after migrating to the cloud.

The shift to remote work amid the COVID-19 pandemic makes employees more susceptible to BEC attacks and gives threat actors the opportunity to apply tactics likely to be successful given these working conditions, new research shows.

The most dangerous security flaws continue to expose valuable assets as a result of chasing down vulnerabilities that pose minimal risks, according to 60% of IT security professionals. Four in ten admitted to suffering a breach because of unpatched flaws in their systems.

A growing divide in breach costs separates businesses that implement advanced security technologies from laggards, according to a new report.

A global study on the financial impact of data breaches revealed this week that cyber incidents cost companies $3.86 million per breach on average, and that compromised employee accounts were the most expensive root cause.

A global survey of IT professionals reveals that the vast majority of organizations lack tools to detect known security threats and close existing security gaps. More than half of IT pros indicated their security program lacks proper executive support.

CISOs who reduce or close their critical IT departments’ skills gaps have the highest probability of minimizing the business impact of cyberattacks – even when budgets and staffing are constrained, according to a SANS Institute study.

Companies that don’t change their perception about data protection are increasing their odds of suffering a data breach by a whopping 80% and, in the event of a breach, will face fines seven times larger than companies with the best scores, according to a new report.

Employees typically access 59 risky URLs per week, or 8.5 per day, according to new data. That’s more than once per hour in an eight-hour workday. Depending on their knowledge of the threat landscape, corporate employees can be as dangerous as an external cyber-attack on the company – especially if those employees are working remotely.

Sensitive data, like personally identifiable information (PII) and credit card information, has never been more at risk, while security is becoming less effective, new research shows.