Some 34 percent of companies in the US were breached in the past 12 months, and 74 percent of the victims don’t know how it happened, shows a Bitdefender survey of IT execs
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Ransomware infections impact individual users and businesses, regardless of size or industry, by causing service disruptions, financial loss and, in some cases, permanent loss of valuable data. In 2016, the number of ransomware attacks increased 300 percent from 2015, with over 4,000 attacks detected per day, according to US government statistics. WannaCryptor (WannaCry), the most recent version of ransomware, has targeted businesses in more than 70 countries around the world, with more than 250,000 infected terminals so far.
For any businesses that handle data for customers in Europe, taking the General Data Protection Regulation (GDPR) lightly would be a big mistake.
Total loss caused by email ‘impersonation’ scams (business email compromise and email account compromise), a sophisticated scam targeting small and medium businesses working with foreign suppliers and businesses that regularly pay by wire transfer or individuals that perform wire transfer payments, have reached the $5 billion threshold between from October 2013 to December 2016, according to recent statistics provided by FBI.
Some 59% of directors report that their boards find it challenging to oversee cyber risk, and only 19% report that their boards possess a high level of knowledge about cybersecurity, according to a study by the National Association of Corporate Directors.
Some 53 percent of IT execs in the US perceive cloud as more secure than on-premise infrastructure, while the majority in Germany and the UK trust their own data centers most, according to a Bitdefender survey of more than 500 IT decision makers at companies in the US, the UK and Germany with more than 1,000 PCs.
Enterprise security and IT executives who are not concerned about ransomware threats today are probably in the midst of some sort of denial.
Some 90 percent of organizations will shift massively toward hybrid infrastructure capabilities in the next three years, according to advisory company Gartner. The shift reinforces the growth of cloud and industrialized services and the decline of traditional data center outsourcing (DCO).
Companies will face a shortage of 1.8 million qualified information security personnel by 2022, according to a survey by Booz Allen Hamilton Holding Corp. and ISC2.
A third of Fortune 100 boards currently include a director who is a CIO. According to unpublished Korn Ferry data, cited by Harvard Business Review, the number of CIOs serving on Fortune 100 boards has increased 74% in the past two years.
Worldwide spending on information security is expected to reach $90 billion in 2017, an increase of 7.6 percent over 2016, and to top $113 billion by 2020, according to advisory firm Gartner. Spending on enhancing detection and response capabilities will likely be a key priority for security buyers through 2020.
Some 96 percent of IT professionals expect an increase in attacks on the security of industrial IoT (IIoT), a recent survey shows.