Following the news that insurance claims for data breaches are being made at a rate of more than one a day, Matt Walmsley, EMEA director at Vectra Networks commented below. Matt Walmsley, EMEA Director at Vectra Networks: “It is no surprise that insurance claims for digital theft and intrusion are rising amid growing nation state-driven cyber crime and the looming risk posed by GDPR compliance requirements and punitive fines. “PwC puts the total value of cyber insurance premiums today at $2.5bn, rising to $7.5bn by 2020 as more companies globally try to mitigate their financial risk. “However, such is the infancy of…
ISBuzz Team
Following the news that anyone who buys a drone in future in the UK may have to register it and take a safety test. The use of drones continues to grow in the UK, and many businesses are beginning to use drones such as Amazon and Dominos. With this rise cyber criminals are increasingly able to hack drones. Raj Samani, CTO EMEA at Intel Security commented below on the increasing dangers of drone jacking. Raj Samani, CTO EMEA at Intel Security: “Drones continue to become more and more mainstream. Both Amazon and UPS have announced plans to deliver packages via drones. This creates…
Errors by employees and business associates will drive the number of major healthcare data breaches to a record high in 2017, according to a new forecast. Analysis of five years’ of data from the U.S. Department of Health & Human Services suggests the number of cases involving 500+ compromised health records is likely to exceed 300 incidents for the first time next year. And the research by data loss prevention specialists Safetica North America identifies insider error as the key driver behind the rising trend of breaches. The Department of HHS statistics reveals that “unauthorized access and disclosure” by insiders was the primary cause…
Kaspersky Lab experts have discovered a modification of the mobile banking Trojan, Faketoken, which can encrypt user data. Disguised as various programs and games, including Adobe Flash Player, the modified Trojan can also steal credentials from more than 2,000 Android financial applications. To date, the modified Faketoken has claimed over 16,000 victims in 27 countries, with the most located in Russia, Ukraine, Germany and Thailand. The newly added data-encryption capability is unusual in that most mobile ransomware focuses on blocking the device rather than the data, which is generally backed-up to the cloud. In Faketoken’s case, the data – including documents and media files such as pictures and…
Following the news that PayAsUGym, a fitness website, has confirmed that 300,000 email addresses and passwords were accessed on Thursday last week, the company reported that one of its servers were hacked. Hacker 1×0123 took to Twitter on Friday, posting screenshots of the hacked database. IT security experts from Digital Guardian, WhiteHat Security, Barracuda Networks and Lieberman Software commented below. Luke Brown, VP and GM EMEA, India and LatAm at Digital Guardian: “It’s easy to think that breaches from consumer sites like PayAsUGym do not affect businesses, but it’s certainly possible that some customers have used their business email address to sign up to…
From emails and Twitter feeds to the shows you stream on Netflix, personal data exists for almost every online interaction. With so much data floating around and the news of cyber-attacks almost daily, citizens and law enforcement alike are focusing more on cybersecurity than ever before. Yet, many are worried that without the proper policy and regulations, citizen privacy will be at risk. Currently, there are many efforts tackling the tug-of-war between security and citizen privacy, including Canada’s ongoing Consultation on National Security. The consultation aims to improve Canada’s IT system as a whole by updating the government’s cyber strategy…
Throughout the year, Forcepoint’s researchers been monitoring key milestones in Locky’s evolution; from its birth in February and the addition of virtual machine (VM) and analysis tool countermeasures in June, to its use of off line encryption in July and an intermediate downloader in September. Locky is distributed through exploit kits on infected websites and emails via infected MS Office and ZIP file attachments. The ransomware seeks to encrypt any files it can find, usually with a “.locky” extension (newer variants use the .zepto, .thot and .zzzzz extensions), before demanding payment in Bitcoin. Carl Leonard, Principal Security Analyst at Forcepoint: “Locky has been a growing menace in…
Consumers growing less forgiving: only 4% would unconditionally stay with a business that failed to inform them of a cyber-attack LONDON. 59 percent of consumers fear that businesses operating with skeleton crews over the Christmas holidays will leave them vulnerable to the effects of cyber-attacks, cybersecurity specialist Huntsman Security has warned. In a TNS survey of 2,006 GB 16-64 year olds, consumers expressed concerns about specific issues, such as money being stolen from bank accounts or disruption to travel. In particular, 22 percent feared that any issues such as these would take longer to identify and fix as most staff…
State of Privileged Accounts and Password Policy is Immediately Reflected in Customer’s Risk and Compliance Profile London, UK. Today announced an integration with Lynx Technology Partners’ GRC platform. Lynx Risk Manager (LRM) can now import privileged account information from Lieberman Software’s Privileged Identity Management platform, Enterprise Random Password Manager™ (ERPM), and immediately update security control scores in LRM. These scores form the basis for continuous measurement of password-related security risks, as well as compliance to a wide range of regulatory frameworks. “Lieberman Software secures privileged passwords which is critical for reducing IT risk, and Lynx measures and manages IT risk,” said Jonathan Sander,…
Reuven Harrison, CTO and Co-founder of Tufin, a provider of network security policy orchestration solutions for enterprise cybersecurity, has a few predictions up his sleeve. Here are his thoughts on what 2017 might look like in the cybersecurity space: Security skills gap approaching Grand Canyon levels Increasing complexity has made protecting the enterprise network more difficult today than in the past. Compounding this issue is the expanding skills gap and staffing the right people to do the job. Since the security skills gap will pour into 2017, we expect automation to really take off in an effort to decrease manual, mundane…