A catastrophic cyber attack could generate up $121 billion of economic losses, according to a report by cyber insurance company Lloyd's of London, cited by Reuters.
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Some 75 percent of US CISOs state the worst consequences of an attacker gaining access to their companies’ most valuable asset would be the financial cost and reputational damage. However, few say the financial cost could lead to bankruptcy 35%.
More than a third of IT execs in Italy say bankruptcy could be the worst consequence of an advanced persistent threat (APT), according to a recent survey by security firm Bitdefender.
Here’s a salutary reminder for all businesses.
Businesses in a wide swath of industries across the globe place too much trust in perimeter security solutions like firewalls, IDPS and content filtering, even though 28% of them suffered a breach in the past 12 months, according to a survey of 1,050 decisions makers. And new EU legislation will soon demand companies protect customer data, or else.
Many organizations believe that turning to cloud can help them better secure their environments, and many also contend that DevOps practices help them to better build secure software. While that is certainly debatable, a new survey of 929 IT professionals found that the majority believe that the best benefits come from combining DevOps and cloud.
The energy sector is vital for our industrial society to function properly. Fuel, electricity and petroleum sustain key industries, including agriculture and transportation. Should the world’s top 10 economies be concerned that cyber criminals could go after their critical infrastructure?
German IT execs perceive competitors as the main interested parties that could target their organisations, according to a recent survey by security firm Bitdefender.
The findings of a new ISACA research report on the state of cyber security are quite sobering: a huge majority of the organizations the group surveyed for its study expect to be hit with a cyber attack this year, but many of them remain unprepared to defend against such attacks.
Most data breaches, unsurprisingly, are easily avoidable. So why don’t more businesses focus on improving security? Misdirected emails, weak security, lack of employee training on the basics of online behavior and social engineering scams, all could be easily resolved and it would cost far less than fixing their entire computer network.
A substantial ransomware attack rocked many organizations throughout Europe and the United States this week. Here are seven of the best Tweets Tweeted about GoldenEye / PetrWrap
As Britain leaves the European Union, businesses in the sovereign state want financially stable cloud providers and prefer those that store data locally and offer local support, according to a recent survey.