Cloud business initiatives accelerating faster than security teams’ ability to secure them

The speed of cloud business initiatives is hampering organizations’ ability to secure and manage hybrid environments, with security personnel often not included. The 2019 State of Hybrid Cloud Security survey by FireMon revealed 60% of respondents either agreed or strongly agreed that this was happening in their organizations. Additional key findings include: Only 56% of…

Social media-enabled cybercrime is generating $3.25 billion a year

Social media-enabled cybercrime is generating at least $3.25B in global revenue annually, according to an extensive six-month academic study undertaken by Dr. Mike McGuire, Senior Lecturer in Criminology at the University of Surrey. Key insights One in five organizations have been infected with malware distributed via social media Reports of cybercrime involving social media grew…

The biggest cybersecurity challenge? Communicating threats internally

IT executives responsible for cybersecurity feel a lack of support from company leaders, and 33 percent feel completely isolated in their role, according to Trend Micro. IT teams are under significant pressure, with some of the challenges cited including prioritizing emerging threats (47 percent) and keeping track of a fractured security environment (43 percent). The…

Cybercrime could cost companies trillions over the next five years

Companies globally could incur $5.2 trillion in additional costs and lost revenue over the next five years due to cyberattacks, as dependency on complex internet-enabled business models outpaces the ability to introduce adequate safeguards that protect critical assets, according to Accenture. Based on a survey of more than 1,700 CEOs and other C-suite executives around…

Third parties: Fast-growing risk to an organization’s sensitive data

The Ponemon Institute surveyed more than 1,000 CISOs and other security and risk professionals across the US and UK to understand the challenges companies face in protecting sensitive and confidential information shared with third-party vendors and partners. According to the findings, 59 percent of companies said they have experienced a data breach caused by one…

21% of all files in the cloud contain sensitive data

McAfee released its Cloud Adoption and Risk Report, which analyzed billions of events in anonymized customers production cloud use to assess the current state of cloud deployments and to uncover risks. The report revealed that nearly a quarter of the data in the cloud can be categorized as sensitive, putting an organization at risk if…

Organizations feel ready to put highly sensitive data in the cloud

Many corporate employees are ready to store highly sensitive data in the cloud. However, many are still skeptical of the security posture of their own organizations, according to an Armor poll that fielded responses from 37,000 Twitter users over a 13-week period. Additional key findings show that reducing the cost of managing security, maintaining compliance,…

Your backup data sets can become a treasure trove for advanced threat detection

Despite ever increasing investments in security technologies, data breaches and cyber incidents are increasing at a relentless rate, and the problem is projected to keep getting worse. Industry research shows that attacks from ransomware, data compromise, malicious email and credential theft more than doubled to 160,000 incidents per year, with unreported incidents likely bringing the…