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…

Customer demands for increased data protection and privacy, the ongoing threat of data breaches and misuse by both unauthorized and authorized users, and preparation for the GDPR and similar laws around the globe spurred many organizations to make considerable privacy investments – which are now delivering strong returns, Cisco reveals. The study is based on…

According to a new Identity Theft Resource Center report, the number of U.S. data breaches tracked in 2019 (1,473) increased 17 percent from the total number of breaches reported in 2018 (1,257). However, 2019 saw 164,683,455 sensitive records exposed, a 65 percent decrease from 2018 (471,225,862). The 2018 Marriott data breach exposed 383 million records…

The recent high-profile ransomware attack on foreign currency exchange specialist Travelex highlights the devastating results of a targeted cyber-attack. In the weeks following the initial attack, Travelex struggled to bring its customer-facing systems back online. Worse still, despite Travelex’s assurances that no customer data had been compromised, hackers were demanding $6 million for 5GB of…

Japanese multinational Mitsubishi Electric has admitted that it had suffered a data breach some six months ago, and that “personal information and corporate confidential information may have been leaked.” The company, though, claims that “sensitive information on social infrastructure such as defense, electric power, and railways, highly confidential technical information, and important information concerning business…

While most enterprises have come to terms with the fact that a security incident is not a factor of “if,” but rather “when,” many are still struggling to translate this into the right security architecture and mindset. FireEye’s Cyber Trendscape 2020 report found that the majority (51%) of organizations do not believe they are ready…

Only 6% of all breaches in 2019 were suffered by financial services firms, according to Bitglass. However, these breaches compromised significantly more records than those that occurred in other industries. Leaked records and data breaches in the financial services industry In total, more than 60% of all leaked records in 2019 were exposed by financial…

Amid significant increases in both malware and network attacks, multiple Apache Struts vulnerabilities – including one used in the devastating Equifax data breach – appeared for the first time on WatchGuard’s list of most popular network attacks in Q3 2019. Massive fallout from the Equifax breach The report also highlights a major rise in zero…

The European cybersecurity market is determined to exceed $65 billion by 2025, according to Graphical Research. This growth is attributed to strong government initiatives to promote data safety and hefty investments in cybersecurity solutions. Industry sectors and cybersecurity The increasing cases of data breaches and cyber attacks on critical business infrastructure have driven several business…

Fears of data loss, identity theft and fraud are leaving American consumers on edge this holiday season, and they’re prepared to hold their financial institution responsible for the damages. This is according to a new study released by Terbium Labs, which found that 68 percent of shoppers would hold their bank at least partly responsible…