The majority of organizations don’t know if the security tools they deploy are working, and are not confident they can avoid data breaches, according to AttackIQ. AttackIQ released the report based on Ponemon Institute research evaluating the efficacy of enterprise security strategies. Ponemon surveyed 577 IT and IT security practitioners in the United States who…

Data breaches have become a priority in most business’ cybersecurity agenda. The series of breaches that companies experienced in 2018 emphasized what security experts have warned about – that threats are ever present and persistent. Last year, even companies with market capitalizations in the billions of dollars like Under Armor, and Marriott fell victim to…

The financial impact of ransomware rose by 60%, losses from business email compromise (BEC) doubled, and cryptojacking incidents more than tripled, all despite the fact that overall breaches and exposed records were down in 2018, according to Internet Society’s Online Trust Alliance (OTA). The data shows that cybercriminals are getting better at monetizing their activities,…

Do cloud apps make you a target for cyber attacks?

Almost half (49%) of businesses believe cloud apps make them a target for cyber attacks, a Thales research reveals. Surveying 1,050 IT decision makers globally, Thales’ 2019 Access Management Index revealed that cloud applications (49%) are listed in the top three reasons an organization might be attacked, just behind unprotected infrastructure such as IoT devices…

Cloud security exacerbated by immature security practices

Enterprises are struggling to keep up with the rapid expansion of cloud within their businesses, according to Symantec. Surveying 1,250 security decision makers across the globe, Symantec’s Cloud Security Threat Report (CSTR) uncovered insights on the shifting cloud security landscape, finding enterprises have reached a tipping point: more than half (53%) of all enterprise compute…

Health Insurer Reports Data Breach That Began 9 Years Ago

Dental and vision insurance provider and administrator Dominion National has begun notifying patients of a data breach of its systems that apparently dates back to August 2010. The insurer said an incident investigation that began on April 24, 2019, led to the discovery that its servers had been compromised in an attack that began nearly…

The largest breaches over the past three years have caused massive and irreparable damage

Publicly traded companies suffering the worst data breaches averaged a 7.5 percent decrease in stock price, a Bitglass report reveals. Bitglass researched the three largest data breaches of publicly traded companies from each of the last three years in order to uncover cybersecurity trends and demonstrate the extensive damage that can be done by improper…

Government embracing digital transformation but struggling to implement data security

The push towards digital transformation in the U.S. government is putting sensitive data at risk, according to a Thales research conducted by analyst firm IDC. The 2019 Thales Data Threat Report – Federal Edition, indicates that as agencies embrace new technologies, such as multi-cloud deployments, they are struggling to implement proper data security. “As digital…

Cybercriminals continue to target intellectual property, putting brand reputation at risk

Despite improvements in combating cybercrime and threats, IT security professionals are still struggling to fully secure their organization and protect against breaches with 61 percent claiming to have experienced a data breach at their current employer, according to McAfee. Adding to this challenge, data breaches are becoming more serious as cybercriminals continue to target intellectual…