An increase in cyber threats and a failure to learn from past incidents place the security of data, infrastructure and assets at risk, according to a new threat landscape report.
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To anyone who has been paying attention, this isn’t as much of a surprise, as it is a confirmation of the ongoing tenuous condition of enterprise cybersecurity but a just-released survey from specialty insurer Hiscox shows that roughly three-quarters of the 4,100 organizations surveyed face significant shortcomings when it comes to cybersecurity.
Keeping senior leadership abreast of security strengths and vulnerabilities has become a top priority, according to financial sector Chief Information Security Officers (CISOs). And direct communication with the CEO has become imperative, as strong cyber defenses require increasingly rapid decision-making.
Doctors can’t prescribe proper treatment for patients without identifying and analyzing symptoms to make a clinical diagnosis. It’s the same for CISOs, who are responsible for their organization’s digital health.
The deadline for full compliance with the European data protection law is right around the corner, but businesses still lack awareness and must overcome many security oversights. Surprisingly, as few as 38 percent of companies in the UK have actually heard of GDPR, according to a government survey. If businesses are not prepared by May 25, when the law takes full effect, they could face fines worth up to €20 million.
While modern technology makes possible new business models to drive growth and profitability, digital transformation opens your business to more cybersecurity risks, according to a survey by Thales and 451 Research.
In a report published by the U.S. Departments of Commerce and Homeland Security concluded what most security professionals have known for years: that botnets are a global threat, that technologies exist to mitigate the threats but aren’t widely used for multiple reasons, poor product security design and development, counter-productive market incentives, and low education and awareness across all market participants.
Fraudsters have moved from making a fast buck to crafting more ambitious, targeted attacks that produce long-term profits, according to an extensive analysis of real-world cybercrime attacks.
Not-for-profit Cottage Health System has agreed to pay the state of California $2 million for suffering multiple data breaches between 2013 and 2015. Taking a leaf from the EU’s playbook, the state of California is demanding that the healthcare institution appoint a Chief Privacy Officer – the equivalent of a Data Protection Officer stipulated by European law.
The United States Congress plans to introduce a bill that would push companies to report a breach within 30 days of its occurrence, or else. The law echoes similar efforts in the European Union, which aims to enforce similar regulations next year.
Not too long ago news broke of yet another substantial data breach. This time at financial consultancy Deloitte — one of the so-called big four accounting firms. On Sept 25, Deloitte announced that it had detected a breach stemming from an inadequately secured administrative email system that gave the attacker(s) access to the firm’s global email system.
Security research firm IOActive recently set out to investigate the security of 21 mobile brokerage apps used for trading stocks and other equities. The results were less than reassuring.