Mobile fraud is increasing, attack rates rising 24% year-over-year

ThreatMetrix released new cybercrime insights from the first half of 2018, revealing a sharp rise in fraud attack levels on mobile transactions. As consumer behavior increasingly embraces mobile for virtually all online goods and services, fraudsters are starting to close the gap on this channel. Mobile becomes the go-to digital channel The rise of mobile…

Phished credentials caused twice as many breaches than malware in the past year

Personal device use for remote work poses the biggest security risk to organisations safeguarding their increasingly mobile and cloud-based IT environment, according to a new survey of 100 UK-based senior IT security professionals. Conducted from March to May by Rant, the survey found 58 percent of respondents believe that network access from non-corporate and personally-owned…

How internal dysfunction puts your network at risk

IDG polled 200 network and cybersecurity professionals across the U.S. & Canada, and found almost inevitable consequences for organizations where network and cybersecurity teams have conflicting objectives, are managed in a siloed way, and have unequal or incomplete network visibility. 86% of respondents admitted to experiencing at least one of the following due to a…

APIs: The Trojan horses of security

At the moment, within the cybersecurity industry the emphasis tends to be on securing networks with perimeter-based protection, however, leaving an application endpoint unsecured means an application programming interface (API) can serve as a gateway to the data centre by which attackers can effectively attack the backend via bots, and compromised or impersonating applications. With…

Cybercriminals shift tools, tactics and procedures to improve infection rates

Trend Micro released its Midyear Security Roundup 2018, revealing that cybercriminals are moving away from attention-grabbing ransomware attacks to more covert methods intended to steal money and valuable computing resources. Cryptojacking attempts are making the biggest impact so far this year. Trend Micro recorded a 96 percent increase in cryptocurrency mining detections in 1H 2018…

Who owns application security?

In July 2018, F5 released its first annual Application Protection Report. As part of the report, F5 commissioned Ponemon to survey of 3,135 IT security practitioners across the world. The survey collected information about respondent’s application security processes. A key question asked for respondents to name their organization’s primary owner of application risk. In theory,…

Cloud computing remains top emerging business risk

Cloud computing ranks as the top risk concern for executives in risk, audit, finance and compliance, according to the latest survey by Gartner. In Gartner’s latest quarterly Emerging Risks Report, 110 senior executives in risk, audit, finance and compliance at large global organizations identified cloud computing as the top concern for the second consecutive quarter….