Cybercrime is estimated to cost $6 trillion by 2021, while spending on cybersecurity solutions to safeguard infrastructure is forecast to surpass $1 trillion. Growing security challenges due to system vulnerabilities and misconfigurations turn over 1 million people into cybercrime victims every day.
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Let’s face it, when it comes to cybersecurity, 2016 was quite a fascinating year. And while we experienced the traditional breaches this year—data theft for fraud, identity theft, and financial gain—many of the most significant breaches this year were not financially motivated, but political or activist in nature.
The U.S. Government has taken steps it hopes will better protect the users of medical devices, such as pacemakers and insulin pumps, from cyberattacks. For years now the risks of connected medical devices have been demonstrated and well-known. It’s an area we’ve covered here for some time.
There are many reasons why an enterprise may want to implement a bug bounty program. Most notably is that no matter how good an organization’s software testing is, how proficiently developers code security, or how thorough an organization’s software security assessments– there will always be flaws. These flaws make it possible for attackers to exploit security vulnerabilities and bypass security defenses.
Distributed denial-of-service (DDoS) attacks have been going on for years. But in recent months they seem to have gained much more attention, in part because of high-profile incidents that affected millions of users.
Some 57% of CIO/CISOs surveyed by the consultancy firm EY have experienced a recent significant cybersecurity incident, proving that more work is needed to strengthen the corporate shield.
IT security spending ranges from about 1 percent to 13 percent of the IT budget, according to the most recent IT Key Metrics Data from Gartner. But spending can be a misleading indicator of program effectiveness, analysts say.
“Nowadays, if you stand still you won’t be able to keep your edge in the market or wherever you currently are,” says Florin Talpes, Bitdefender’s CEO and founder. “You have to be restless, in a good way. The moment you start looking for solutions and start to deepen and brush up these solutions, that’s where innovation is born.”
People often complain about how the government spends money inefficiently—and in many cases these criticisms are justified. And when it comes to spending on cyber security solutions, there’s plenty of room for improvement, according to a recent study.
A recent news story has brought to mind a threat which probably sends a shiver down the spine of many system administrators.
Predictions are never easy, and they are seldom right or very useful: but they are always fun. And as the holiday season is upon us and the New Year approaches so does the time of year reflection and, you guessed it: cybersecurity predictions.
A Bitdefender study on large UK companies revealed that 75 percent of IT decision makers fear having to pay financial compensation in case of a security breach, while 69 percent even fear their own job safety. Moreover, 53 percent of IT decision makers are concerned regarding the security management of hybrid infrastructures.