46% of SMBs have been targeted by ransomware, 73% have paid the ransom
Ransomware attacks are not at all unusual in the SMB community, as 46% of these businesses have been victims. And 73% of those SMBs that have been the targets of ransomware attacks actually have paid a ransom, Infrascale reveals. Yet, more than a quarter of the total SMB survey group said they lack a plan…
5 steps to create a security incident response plan
The only thing worse than getting hit with a cyberattack is getting hit with a cyberattack and not having a strong security incident response plan in place. Sophisticated Advanced Persistent Threat (APT) attacks are typically aimed at high-value targets like credit card companies, banks, retailers, healthcare facilities and hotel chains that store large volumes of…
Seven key cybersecurity trends for 2020 by world-leading professionals
The developments in the area of cybersecurity are alarming. As the number of smart devices in private households increase, so do the opportunities for cybercriminals to attack, according to TÜV Rheinland. Key cybersecurity trends for 2020 Uncontrolled access to personal data undermines confidence in the digital society. The logistics industry and private vehicles are increasingly…
Can 5G make you more vulnerable to cyberattacks?
Many enterprises and sectors are unaware of the 5G security vulnerabilities that exist today. Choice IoT says it’s critical for businesses to have a plan for discovering and overcoming them at the outset of a 5G/IoT platform rollout to avoid future cybersecurity disasters. There is a big difference between the promise of 5G low latency,…
Corporate cybersecurity concerns and spend continue to rise, but so do breaches
More than 50 percent of security and IT leaders agree that they are very concerned about the security of corporate endpoints given the prevalence of sophisticated attack vectors like ransomware, disruptionware, phishing and more, according to a survey from RSA Conference 2020 by Absolute. Cybersecurity spending on the rise According to recent industry reports, 2019…
Only 38% of US govt workers received ransomware prevention training
73% of government employees are concerned about impending ransomware threats to cities across the country, and more employees fear of cyberattacks to their community than natural disasters and terrorist attacks, an IBM survey has revealed. More than 100 cities across the United States were hit with ransomware in 2019. Data in the new Harris Poll…
Increased monetization means more ransomware attacks
Organizations are detecting and containing attacks faster as the global median dwell time, defined as the duration between the start of a cyber intrusion and it being identified, was 56 days. This is 28% lower than the 78-day median observed in the previous year, according to FireEye. Consultants attribute this trend to organizations improving their…
High-risk vulnerabilities and public cloud-based attacks on the rise
A sharp increase (57%) in high-risk vulnerabilities drove the threat index score up 8% from December 2019 to January 2020, according to the Imperva Cyber Threat Index. Following the release of Oracle’s Critical Patch Update – which included 19 MySQL vulnerabilities—there was an unusual increase in the vulnerabilities risk component within the Index. Specifically, there…
Most credential abuse attacks against the financial sector targeted APIs
From May 2019 and continuing on until the end of the year, there was a dramatic shift by criminals who started targeting APIs, in an effort to bypass security controls. According to data from Akamai, up to 75% of all credential abuse attacks against the financial services industry targeted APIs directly. According to the report’s…
What makes some organizations more cyber resilient than others?
Despite higher levels of investment in advanced cybersecurity technologies over the past three years, less than one-fifth of organizations are effectively stopping cyberattacks and finding and fixing breaches fast enough to lower the impact, according to a report from Accenture. Based on a survey of more than 4,600 enterprise security practitioners around the globe, the…