Last year, one in six businesses met ransom demands of cybercriminals, according to the most recent Hiscox Cyber Readiness Report.
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We get so deluged with news stories about data breaches that it’s easy to lose sight of the forest for the trees. Consider, according to a newly released report from ForgeRock, the ForgeRock Consumer Identity Breach Report, which found that more than 5 billion records were exposed last year. That’s a lot of information on a lot of information pertaining to a lot of people.
Most small and medium enterprises (SMEs) are planning to increase their cyber-insurance spending in the next couple of years, according to a new industry report.
Enterprises are putting the brakes temporarily on security spending amid the chaos of the global pandemic, but analysts believe that 2020 will still see growth in the market. A new worldwide security and risk management spending forecast released by Gartner this week updated numbers downward, with the firm projecting infosec spending to grow 2.4% this year compared to the more rosy 8.7% it predicted in December 2019. If the stats hold, the security market will hit $123.8 billion by year end.
Enterprise digital transformations are making the jobs of enterprise security teams to properly manage and secure their environments even more challenging. After all, as digital transformations have rapidly increased the complexity of environments as technology teams strain to maintain existing systems, deploy new cloud services, manage IoT devices, and constantly develop and deploy more applications.
Since the very beginnings of the novel coronavirus (COVID-19) pandemic, businesses of all sizes have struggled to adjust to the new occupational normal. IT teams have not been immune to the disruption. Neither have information security teams for that matter. While employment in the IT sector remains much more resilient than other segments of the economy, employment in the IT sector still declined by about 1% last month, even as businesses compete for technical talent and continue digital transformations.
Most Forbes Global 2000 organizations don’t have even basic domain security in place, leaving them open to attacks with potentially devastating consequences, according to a report from Digital Brand Services (DBS).
The vast majority of security operations centers (SOCs) are confident in their ability to counter cyber threats, yet few of their frontline workers can aptly track mean time to detection, while organizations still struggle with SOC staff shortages, new research shows.
Passwords are a huge hassle. We all must use them, and generally hate doing so. There’s no way to sugarcoat it. The typical user has hundreds of username and password combinations that they must remember and manage. We all forget and must reset passwords regularly. And, over time, many of these accounts, along with the associated passwords, will be abandoned. And over time, they will be compromised. Because so many people reuse their passwords, those credentials will lead to data breaches.
Customers will avoid businesses that compromise users’ data during the COVID-19 pandemic because of poor security practices, new research from PCI Pal has found.
Security has been a huge concern for both businesses and individuals as many employees continue to work from home, with many woefully under prepared for the impact that COVID-19 has had. In fact, new research by Bitdefender found half of infosec professionals (50%) didn’t have a contingency plan in place for COVID-19 or a similar scenario. These findings, and more, are revealed today in the first instalment of Bitdefender’s yet to be released global 10 in 10 Study. The section — The Indelible Impact of COVID-19 on Cybersecurity — details the pressures faced by infosec professionals during COVID-19.
Many companies accidentally leave their databases exposed on the web, and data breaches or security incidents occur daily. Unsecured and misconfigured servers often lead to data leaks that can become logistical and legal nightmares for companies, leaving the privacy and security of customers or company assets at risk.