Businesses are struggling to develop cyber resilience to fend off attacks as they seek to create flawless operations and to scale systems. Efficient cybersecurity in an advancing digital economy is no easy goal, as many factors are at play, including third-party risks and increased attack surface, as a result of extensive interest in IoT deployments. This is why corporates and governments need to work together to set up priorities to help enable digital transformation and build trust through proper safeguards on consumer data privacy.
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2020 will bring the end of Windows 7, following Microsoft’s announcement that it will no longer offer support and updates for the operating system starting January 14, 2020. But companies appear to have had a good run with it and are not yet ready to say goodbye, a Kollective survey of 1,000 US and UK enterprise IT professionals has found.
The popularity of container technology has grown fast in software engineering, but 60 percent of organizations suffered at least one container-related security incident in 2018, mostly caused by the advancement of DevOps teams, according to Tripwire’s State of Container Security Report. 71 percent anticipate an increase in container security incidents in 2019, most likely raising the costs of hybrid cloud security.
The financial services industry falls victim to cybersecurity attacks 300 times more often than any other. 47.5% of financial institutions were breached in the past year, while 58.5% have experienced an advanced attack or seen signs of suspicious behavior in their infrastructure, according to a Bitdefender white paper.
Key infrastructures are in the crossfire of cyberwarfare. Growing threats and sophisticated nation-state attacks backed by North Korea, China and Russia jeopardize public safety and national security. Which one is the bigger threat?
Bandwidth security against rogue IoT botnets could be the next critical investment priority for the telecommunications sector after a report from NOKIA found that 78 percent of network-based malware detection in CSP networks in 2018 is attributed to IoT botnet activity used in DDoS and crypto-mining activity. This is up a staggering 33 percent from two years ago, confirming that malware is here to stay and growing in complexity.
A look back on 2018 shows the financial services industry turned out to be the most at risk, with security incidents and breaches skyrocketing. Top threats to the financial services industry include cloud security and third-party risks, while the most prevalent techniques are DDoS, social engineering, spear-phishing, ransomware and insider threats, according to a Bitdefender white paper.
An activity alert by the US Department of Homeland Security and the FBI this week warns organizations from multiple industries in critical infrastructures that they are a top target for SamSam ransomware, also known as MSIL/Samas.A, and provides a list of guidelines to help prevent and mitigate these attacks.
The lack of political leadership to face targeted attacks is contributing to the poor job the UK is doing on its national security strategy, says a UK government report discussing the cyber security of the nation’s critical national infrastructure.
EU data protection legislation aims to give users more control over their personal data, and threatens companies with fines for collecting data without user consent and for data breaches. Countless companies have been struggling to become GDPR compliant, but it seems major tech players may not have taken it seriously. After Facebook and Google drew criticism for violating EU’s data protection law, it is now Microsoft’s turn to take the heat.
Small and medium-sized businesses are still a top target for ransomware attacks, and the number of attacks will most likely increase in 2019, according to a recent survey of MSPs. Over half of MSPs confirmed their clients experienced at least one ransomware attack in the first half of the year, while 35 percent said their clients were attacked more than once a day, regardless of their operating system. In fact, the number of ransomware attacks targeting Apple devices has increased five-fold in the past year, the survey found.
While industry reports claim ransomware attacks have dropped, cybersecurity insurance company Beazley Breach Response (BBR) Services has reported otherwise. According to businesses benefiting from its insurance deals, there has been a surge in the number of reported ransomware attacks, especially in September, when incidents nearly doubled from a month earlier.