Cost of data breaches to surpass $5 trillion in 2024

A new report from Juniper Research found that the cost of data breaches will rise from $3 trillion each year to over $5 trillion in 2024, an average annual growth of 11%. This will primarily be driven by increasing fines for data breaches as regulation tightens, as well as a greater proportion of business lost…

IoT devices using CoAP increasingly used in DDoS attacks

IoT devices in synchronised attacks on targets represent a growing part of global Distributed Denial of Service (DDoS) weapon arsenals. There is a significant potential for attackers to use an IoT-related protocol, the Constrained Application Protocol (CoAP), deployed on IoT devices to marshal attacks. The A10 Networks report on the state of DDoS weapons in…

Most IoT devices are being compromised by exploiting rudimentary vulnerabilities

Cybercriminals are looking for ways to use trusted devices to gain control of Internet of Things (IoT) devices via password cracking and exploiting other vulnerabilities, such as through the exploitation via voice assistants, according to the latest Mobile Threat Report unveiled by McAfee. With over 25 million voice assistants in use across the world, these…

Connected car security is improving, researchers say

The automotive industry has apparently stepped up their game when it comes to improving connected car security. According to the latest IOActive report, which was compiled from the results of the company’s extensive research in the field in 2016 and 2017, there has been a significant improvement in front-end cybersecurity, i.e. vehicles’ hardware systems. Risk…

Industry reactions to the Verizon 2017 Data Breach Investigations Report

Nearly 2,000 breaches were analyzed in this year’s Verizon 2017 Data Breach Investigations Report and more than 300 were espionage-related. Here are some of the comments Help Net Security received on the report. Today’s report highlights that businesses must rethink their protection strategies to guard against cyber attacks. The fact that 88% of breaches identified…

BrandPost: Countering the risks of cyberattacks posed by mobile apps

We’ve all become somewhat jaded when hearing about the billions of mobile devices being used by corporate employees and individual consumers (with individual devices increasingly used across both business and personal settings). Somewhat less well known – and still surprising – is the number of mobile apps active in the typical corporation. One recent assessment by Skyhigh Networks found that the average organization uses 1,427 cloud services, each represented…

What modern cyber attacks actually look like

Sometimes, your data protection tools may actually be providing a false sense of security. A Venafi survey of 500 CIOs found that they were wasting millions of dollars on cyber security solutions that couldn’t differentiate between malicious and authorized keys and certificates, Information Age reported. As a result, 90 percent of respondents said they expect their organization to…