The more “cyber security ready” a business becomes, the better its overall business outcomes. Unfortunately, many organizations worldwide are not cyber security-ready.
Morrisons didn’t know it, but in 2014 it had a huge problem. The UK’s fourth largest supermarket chain, with over 500 stores, had a disgruntled member of staff who had access to sensitive data, such as the payroll information of 100,000 current and former employees.
It was late September when the news broke that the personal data of 1.5 million citizens had been stolen from a government health database in Singapore, SingHealth. While authorities called the attack targeted and well-planned, the evidence coming out points to potential mismanagement of the server as being the likely culprit.
Even though technology budgets have increased, companies are still vulnerable to attacks due to a major cybersecurity workforce gap. For some reason, the gap has widened to a staggering 3 million across North America, Latin America, Asia-Pacific (APAC), and Europe, the Middle East and Africa (EMEA), according to a study by (ISC)2. To reach this conclusion, a number of factors were analyzed, including how many organizations have cybersecurity roles open.
Businesses with a good understanding of the latest cyber-security solutions and data protection laws are reaping the payoff in terms of significant revenue growth, according to a report by Oxford Economics.
Failure to detect an advanced cyberattack or a targeted threat as soon as it occurs may lead to full infrastructure compromise, irreversible data loss, and financial repercussions from which some companies may never recover, according to a Bitdefender survey of 1,050 CISOs in the US and Europe.
Anthem, the second-largest health insurer in the US, will pay $16 million to the US Department of Health and Human Services, Office for Civil Rights following a data breach that exposed the electronic protected health information (ePHI) of almost 80 million people. Anthem will also initiate a corrective action plan to include thorough risk analysis and regular reporting.
Much like the early days of virtualization, containers got a bum rap when it came to data security. I say this because just like virtualization, securing containers is more about securing what is happening inside, rather than the security of the wrapper.
An essential part of an IT department’s mission is to stay atop the latest technological trends. And that includes protecting corporate networks by leveraging the latest security solutions and processes.
The financial services industry has been one of the most targeted in 2018, with third-party risks still the main cause of data breaches in this sector. Almost 50 percent of financial institutions were breached in the past year, found a survey conducted by Bitdefender, while almost 60 percent experienced an advanced persistent attack or seen signs of suspicious behavior in their infrastructure.
How big a problem is ransomware for organizations, and is it getting worse? That depends on who’s providing the information about this cyber threat—although experts seem to agree that organizations need to continue taking ransomware seriously.
Security remains a top-of-mind priority for companies in every vertical as they seek to protect themselves from cyber-attacks while meeting stringent new regulatory requirements. International Data Corporation (IDC) projects security will be a $133.7 billion market in 2022.
