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….

Ransomware back in big way, 181.5 million attacks since January

SonicWall announces record numbers for malware volume, ransomware attacks, encrypted threats and chip-based attacks in the mid-year update of the 2018 SonicWall Cyber Threat Report. “Real-time cyber threat intelligence is more critical than ever as cybercriminals continue to find new attack vectors — like encrypted and chip-based attacks,” said Chad Sweet, CEO at The Chertoff…

Top six security and risk management trends

Business leaders are becoming increasingly conscious of the impact cybersecurity can have on business outcomes. Gartner said that security leaders should harness this increased support and take advantage of six emerging trends, to improve their organization’s resilience while elevating their own standing. Trend No. 1: Senior business executives are becoming aware that cybersecurity has a…

Unsurprisingly, most won’t be ready for GDPR on 25th May

With less than a month until the GDPR comes into force, many companies will not be ready when it takes effect on May 25th, 2018. 62% of IT Decision Makers (ITDMs) surveyed describe themselves as ‘confident’ in the build-up, with 1 in 5 (18%) saying they are nervous, according to WinMagic. Only half (51%) of companies say they have…

Global AI business value to reach $1.2 trillion in 2018

Global business value derived from artificial intelligence (AI) is projected to total $1.2 trillion in 2018, an increase of 70 percent from 2017, according to Gartner. AI-derived business value is forecast to reach $3.9 trillion in 2022. The Gartner AI-derived business value forecast assesses the total business value of AI across all the enterprise vertical sectors covered…

Cambridge Analytica Says it is ‘No Bond Villain’

Cambridge Analytica claimed Tuesday it was “no Bond villain” as it vehemently denied exploiting Facebook users’ data for the election campaign of US President Donald Trump. The marketing analytics firm stressed it had deleted data about Facebook users obtained in breach of the social network’s terms of service. The information had been gathered via a…

Largest inhibitor of cyber insurance market growth? Silent cyber risk

A new study of the UK cyber risk insurance and broker community reveals startling findings. First and foremost, the insurance industry needs to address non-affirmative cyber in a meaningful way. Second, measurement of cyber risk in financial terms is highly deficient among insurance customers and the insurance industry itself. More than three-quarters (77 percent) of UK cyber…

FDA plans to improve medical device cybersecurity

The US Food and Drug Administration (FDA) plans to tackle security issues related to medical devices and has released a plan of action it means to implement in the near future. Broadly, plan is as follows: Establish a robust medical device patient safety net in the US Explore regulatory options to streamline and modernize timely implementation of…