Half are too busy dealing with today’s threats to plan for tomorrow’s 70 per cent know that they must change to be successful More than half of businesses (51 per cent) are focused on today’s cyber threats at the expense of tomorrow’s, according to new research from Accenture. Chief Information Security Officers are also under pressure, with half of them saying their responsibilities are growing faster than they can handle. The majority (70 per cent) of the 1,500 executives surveyed globally recognise that their cybersecurity measures must change. The threats they face are made worse as they become more connected and…
ISBuzz Team
Check Point’s latest Global Threat Index reveals that Trojan malware families enter Top 10 Most Wanted Ranking; Cryptomining remains top of list Check Point’s latest Global Threat Index for June 2018 shows that the global impact of banking Trojans has increased by 50% during the past four months, with two Trojan malware families entering the Index’s top ten ‘most wanted’ ranking. In June 2018, Dorkbot, a banking Trojan that steals sensitive information and launches denial-of-service attacks, affected 7 percent of all organizations across the world, moving up from No. 8 to No. 3 in Check Point’s Most Wanted Malware list. This past…
Today IBM released IBM Study: Hidden Costs of Data Breaches Increase Expenses for Businesses. Ilia Kolochenko, CEO and founder of web security company High-Tech Bridge commented below as part of security experts comments. Ilia Kolochenko, CEO and founder at High-Tech Bridge: The main costs when it comes to breaches and how they can be avoided “I would probably highlight loss of business as a main, albeit long-term, cost of a data breach. New customers may hesitate to work with you, old customers can simply refuse to renew their contracts. The second pillar of costs are legal expenses, fines and penalties imposed by regulatory…
It has been reported that the Information Commissioner’s Office intends to fine Facebook £500,000 for failing to safeguard users’ data, and not telling tens of millions of people how Cambridge Analytica harvested their information for use in political campaigns. IT security experts commented below. Christopher Littlejohns, EMEA Manager at Synopsys: “The intended £500K fine imposed on Facebook for the Cambridge Analytica scandal is a salutary lesson to companies operating within the European region. The underlying contraventions are considered by regulatory authorities to be on the top end of the scale of violations of data privacy. Should this or a similarly grave issue happen now, fines within the…
The cybersecurity solutions landscape has evolved from simple but effective signature-based scanning solutions to sandboxing—the isolating layer of security between your system and malware—and, most recently, to sophisticated detection methods. The new generation is based on behavioral detection or machine learning in an effort to defend against more sophisticated attacks. Yet, despite these advances, news breaks everyday about a new cyberattack. Sure, WannaCry and NotPetya made headlines, but there are other malware strains out there with less fancy names, doing just as much as damage. Artificial Intelligence and Machine Learning (AI and ML) detection methods are improvements to the status…
For the first time in 28 years, the England team are through to the semi-finals of the World Cup. As all eyes turn to the pitch for the next match, hackers will be booting up the botnets ready to take on the excitable businesses who are increasingly giving away the ball on app protection and data security. The EU General Data Protection Regulation (GDPR) – the cyberspace equivalent of the omnipresent Video Assisted Referee – will also be making its presence felt this Summer. The penalty for a breach is 2 per cent to 4 per cent of global turnover…
It has been reported that the breach at Ticketmaster was just “the tip of the iceberg” of a wider, massive credit card skimming operation, new research has found. At least 800 e-commerce sites are said to be affected, after they included code developed by third-party companies and later altered by hackers, according to security firm RiskIQ. Lee Munson, Security Researcher at Comparitech.com: “If malicious code writers have indeed been able to affect the source code of third-party software used by hundreds of online retailers, the potential impact could be massive. By altering code linked to customer experience, the attackers could…
Following the recent news regarding the appearance of an Argos text scam which tricks customers through a fake refund message, Stephen Burke, Founder & CEO at Cyber Risk Aware offers the following comment. Stephen Burke, Founder & CEO at Cyber Risk Aware: “There has been a huge rise in smishing as a route to phishing and this proves it. This new technique means that people are not used to being targeted in this way and think because it is a phone rather than a computer that they are somehow more protected. This is untrue, phones are computers and cyber criminals want to gain access…
Macy’s has confirmed to marketing industry media outlet MediaPost that its eCommerce data was breached. A OneSpan expert offers comments in response. John Gunn, CMO at OneSpan: “Macy’s declaration that they have added additional security measures as a precaution is like saying you have added fire extinguishers after the building has burnt to the ground. Private citizens have no way of knowing if the firms that they have trusted are implementing proper security measures and the frequency with which breaches continue to occur would indicate that this is not the case. Most firms implement necessary security, such as multifactor authentication, but additional regulation…
Kaspersky Labs reported late last week that an Updated version of the Rakhni malware strain can be either ransomware or a cryptominer. A Corero expert offers perspective in response. Sean Newman, Director Product Management at Corero Network Security: “We’re often remarking on the typical hackers’ penchant for taking the easy option, where possible, which often includes reuse of old techniques and, in this case, old malware code. The resurgence of the Rakhni malware with an updated ability to choose between ransomware and crypto-mining is a sign of the times, as we are now seeing a huge increase in crypto-jacking as the method…