Over half of security leaders still rely on spreadsheets

Senior security leaders within financial services companies are being challenged with a lack of trusted data to make effective security decisions and reduce their risk from cyber incidents, according to Panaseer. Results from a global external survey of over 400 security leaders that work in large financial services companies reveal concerns on security measurement and…

COVID-19 online fraud trends: Industries, schemes and targets

The telecommunications, retail and financial services industries have been increasingly impacted by COVID-19 online fraud, according to TransUnion. From a consumer perspective, Millennials have been most targeted by fraudsters using COVID-19 scams. Overall, the percent of suspected fraudulent digital transactions rose 5% from March 11 to April 28 when compared to Jan. 1 to March…

Entrust Datacard released the findings of its survey which highlights the critical need to address data security challenges for employees working from home as a result of the pandemic based on responses from 1,000 US full-time professionals. As social distancing mandates took effect in March 2020, employers found themselves in a massive remote work experiment,…

Hackers are using hidden mobile apps, third-party login and counterfeit gaming videos to target consumers, according to McAfee. Last year, hackers targeted consumers with a wide variety of methods, from backdoors to mining cryptocurrencies. Hackers have expanded the ways of hiding their attacks, making them increasingly difficult to identify and remove, which makes it seem…

While corporations today are more knowledgeable about security threats and prepared to respond to data breaches, there are key areas in which progress declined in 2019, according to a study conducted by the Ponemon Institute. Prepare beyond your data breach response plan Sixty-eight percent of respondents say their organization has put more resources toward security…

While enterprises rapidly transition to the public cloud, complexity is increasing, but visibility and team sizes are decreasing while security budgets remain flat to pose a significant obstacle to preventing data breaches, according to FireMon’s 2020 State of Hybrid Cloud Security Report. “As companies around the world undergo digital transformations and migrate to the cloud,…

Modern malware is increasingly leveraging evasive behaviors, a new report by VMware Carbon Black released at RSA Conference 2020 has revealed. The report uncovers the top attack tactics, techniques, and procedures (TTPs) seen over the last year and provides specific guidance on ransomware, commodity malware, wipers, access mining and destructive attacks. Among some of the…

IT security practitioners are aware of good habits when it comes to strong authentication and password management, yet often fail to implement them due to poor usability or inconvenience, according to Yubico and Ponemon Institute. The conclusion is that IT security practitioners and individuals are both engaging in risky password and authentication practices, yet expectation…