As many as 93 percent of companies in the Forbes Global 2000 list don’t include a vulnerability disclosure policy among top business concerns, according to HackerOne’s The Hacker-Powered Security Report 2018, a deep dive into bug bounty and vulnerability disclosure in the financial services and insurance industries.
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Cybercriminals have unwittingly created an impressive, and legal, money-making opportunity – cyber insurance. The cyber insurance market is about to become huge, as experts believe companies will double their spending by 2020 to some 8 billion – 9 billion dollars compared to last year’s average of 3.4 –billion 4 billion, Munich Re, the world’s leading German reinsurance company, recently announced.
Four in 10 executives surveyed by The Economist Intelligence Unit say the board of directors should oversee cybersecurity policies, while 24% back creation of a specialized cyber committee.
Companies that use an EDR solution have acknowledged that a cyberattack can occur at any time, and traditional protection platforms can only address 99% of the threats in the wild. EDR tools focus on the last 1% of threats, allowing for much greater fidelity in incident investigations.
Despite it being considered an essential practice, most organizations still find it difficult implementing security into their DevOps efforts. It’s not that they don’t want to, they say they do, it’s that they just haven’t provided their developers the tools, processes, or even training to get it done. These are the findings of a report recently released by application security vendor Checkmarx.
According to Ponemon’s 2018 study and article, you are less likely to catch the common cold than experience a major data breach of 10,000 records.
It looks like a lot of enterprises need to get their acts together when it comes to managing risk, and particularly the risk associated with cyber security threats and vulnerabilities.
Reporting data breaches wasn’t mandatory for every type of organizations before the GDPR came into force, but the health sector is a different animal. Healthcare is more tightly regulated than most other industries, and it’s also seen a spike in data breaches in the last year – especially ransomware attacks. With the new regulations in place, reported incidents in healthcare are, not surprisingly, on the rise.
If you think worries about cyber security in the cloud are dissipating as cloud services continue to proliferate, you’re mistaken. IT and security executives remain quite concerned about threats—maybe even more so than in the past.
Across the globe, an estimated 5% of small-to-mid-sized businesses (SMBs) fell victim to ransomware from 2016 to 2017, and according to 97% of managed service providers (MSPs) ransomware attacks increase in magnitude year over year.