Since the rise of eCommerce in the late 1990s, enterprises have sought ways to improve the security of their software. Urgency to improve application security came when there was a wave of exploits and automated attacks in the form of worms and exploits started to hit.
Recently the ISACA (Information Systems Audit and Control Association) and the Digital Manufacturing and Design Innovation Institute (DMDII) together conducted a survey that aimed to pinpoint the current cybersecurity challenges faced by the manufacturing industry. According to the ISACA and the DMDII, the survey highlighted how manufacturers face real security concerns when it comes to finding adequate cybersecurity workers, funding the right level of cybersecurity budget, and securing the internet of things (IoT)-integrated devices.
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.
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.
In 2018, companies struggled to mitigate large-scale attacks and data breaches, but apparently too little action has been taken to improve defenses in 2019. Businesses are trying to be proactive. They have increased cybersecurity budgets and invested in resources, including in qualified IT staff. So why are they, financial services specifically, still falling for social engineering scams and malware attacks? What hampers efforts to safeguard their networks?
To say that modern-day IT infrastructure is diverse is an understatement. Today’s enterprise datacenter is a hodgepodge of legacy systems, software-defined on-premises infrastructure and a mix of clouds. In fact, organizations have an average of 4.8 clouds each, according to the RightScale® 2018 State of the Cloud Report. And according to Forrester¹, 36% of businesses use 6 clouds or more!
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.
If you’re running a company you might like to imagine that all of your staff are happy in their positions, feeling fulfilled by the career opportunities that you have provided to them, and content imagining a future where they will always be working for your firm.
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.
