In light of the news that data breach complaints are up by 160% since GDPR came into force, David Emm, Principal Security Researcher at Kaspersky Lab commented below. David Emm, Principal Security Researcher at Kaspersky Lab: “Given the growing focus on data protection issues, following the implementation of GDPR (General Data Protection Regulation), it’s unfortunate that complaints of data breaches have risen, but it’s not surprising. The focus on GDPR over the last two years has made people more aware of privacy issues, and the legislation has empowered them to do something about it if they feel that their privacy is not being…
ISBuzz Team
Art forgery is set to be a thing of the past for current and future artists and dealers with the clever use of blockchain technology, the underlying infrastructure on which cryptocurrencies like Bitcoin and Ethereum are based. This is the bold assertion from the bosses of Thomas Crown Art, the world’s leading art-tech agency that was set up when renowned art dealer, Stephen Howes, and top-level technology expert, Ian McLeod, joined forces. Stephen Howes: “Forgeries are, unfortunately, a growing and serious problem in the art world. The fraudsters, who are getting better and better at producing both fake artwork and…
Third Party extensions for websites are a key target for cybercriminals as they are the place where critical customer and payment data flows through. Chris Olson, CEO at The Media Trust commented below. Chris Olson, CEO at The Media Trust: “The problem with third parties is that most remain unknown to website owners. Heavily trafficked online publishers, for example, have an average of 140 direct and indirect third parties whose code account for anywhere from 50-95% of all code executing on the websites. Using prevention technologies to control access and permissions of third-party code providers is a good first step to…
Recently Atlas Quantum, a cryptocurrency investment platform, announced a data breach that exposed the personal details of about 261,000 users. The compromised information includes names, phone numbers, email addresses and account balances of Atlas Quantum users. Anurag Kahol, CTO at Bitglass: “The Atlas Quantum data breach suggests that crypto services remain a high-profile target for hackers. Even those who do not actively use the platform to store or invest in crypto may have had their personal data exposed. For companies like Atlas, that store mass amounts of user data, reputation and user data security are closely tied. Quickly identifying the cause of this…
Tech Crunch broke the news yesterday that Animoto, a cloud-based video maker service for social media sites, suffered a data breach in which hackers gained access to names, dates of birth, user email addresses, scrambled passwords and geolocations. Zohar Alon, CEO and Co-founder at Dome9: “Breaches in cloud environments are often the result of misconfigurations and poor security hygiene. With cloud attacks being increasingly automated, the timeframe to detect and respond is extremely brief. Any door left open will be discovered and quickly used to exploit an organization’s valuable assets. Businesses need to monitor their threat landscape on a real-time basis and…
In response to new findings issued today from Risk IQ that every “Evil Internet Minute” $1,138,888 is lost to cybercrime and 1,861 people fall victim to it, an expert with NuData Security, a Mastercard company commented below. Ryan Wilk, Vice President of Delivery – Customer Success at NuData Security: “Organized cybercrime is growing stronger each day, creating ever more advanced waves of malware as well as phishing and other online fraud techniques. One important result of this is the accelerating adoption of advanced fraud prevention and security solutions by major brands and other consumer-facing sectors that transact online. “Company’s fraud losses are proportional to…
In response to the news that the financial ombudsman has come out today saying that banks should not assume victims are at fault, James Romer, Chief Security Architect at SecureAuth + Core Security and David Kennerley, Director of Threat Research at Webroot commented below. James Romer, Chief Security Architect at SecureAuth + Core Security: “Cybercriminals dedicate time and effort to evolve their methods of tricking customers into handing over their bank details and login credentials, meaning that the threat landscape is in constant flux. Customers alone cannot be held responsible for keeping up with every scam and tactic that arises and…
The BBC has reported that Russian attempts to launch cyber-attacks against US conservative groups have been thwarted, according to Microsoft. Sam Curry, Chief Security Officer at Cybereason: “It shouldn’t come as a big surprise to anyone that Russians or other nation-states are probing for sensitive information from conservative, liberal, libertarian leaning organisations. You get the point that if there is valuable information to be gleaned expect groups to be interested in it. “Today, the biggest risks to organisations are that valuable data and privacy information will be more disperse and harder to monitor, and identities will be easier to steal and use…
With back to school upon us, over a third (35%) of parents won’t consider the dangers of sharing photos of their children in uniforms on social media NEWS HIGHLIGHTS UK parents share approximately 1.3 billion images of their children on social media a year Yet over half (51%) of parents are concerned about paedophiles accessing these images and over a third (35%) worry about kidnapping Despite these concerns, nearly a third (30%) of parents share images of children on public social media accounts Over a quarter (27%) of parents have considered that posting images could embarrass their child but think…
It was reported yesterday that, according to a new report from RiskIQ, approximately 1,861 people fall victim to cyber-attacks in a span of 60 seconds, while some $1.14 million is stolen. The project aimed to show the magnitude of the issue of global cybercrime by framing it in terms of an “Evil Internet Minute.” By analysing both proprietary and third-party research, the firm’s researchers found hackers used a variety of tactics to extract money digitally, including malware, phishing and supply chain attacks that targeted third parties. In addition, cyber criminals issued roughly 1,274 pieces of unique malware each minute. Ryan Wilk, Vice President at NuData…