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.
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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.
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.