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…

One in 10 C-level execs say GDPR will cost them over $1 million

Companies are taking the new General Data Protection Regulation (GDPR) much more seriously than HIPAA and PCI: 99 percent are actively involved in the process to become GDPR-compliant, despite the cost and internal reorganization involved, a new survey that polled 300 C-level security executives has shown. About half (49 percent) are 75 percent of the…

Consumers worry that small privacy invasions may lead to a loss of civil rights

A new report by The Economist Intelligence Unit (EIU) shows that consumers around the world perceive wide ranging risks in how their personal information is collected and shared with third parties. They want greater transparency and control, as well as commitments from government and industry to protect privacy. Large shares of the consumers surveyed indicate a host…

Like any threat, malware evolves: Discover new trends

Cofense released the 2018 Cofense Malware Review, detailing the trends that defined malware attacks in 2017 and the emerging trends for network defenders to prioritize in 2018. While a couple of high profile breaches stole the spotlight in 2017, Cofense’s global security team uncovered a number of less visible evolutions that dramatically changed the threat…

Most top US higher ed institutions fail to protect students from phishing

88.8 percent of the root domains operated by top colleges and universities in the United States are putting their students, staff and other recipients at risk for phishing attacks that spoof the institution’s domain, according to 250ok. Phishing and spoofing attacks against consumers are likely when companies do not have a published Sender Policy Framework…

A view of the global threat landscape: Cybercrime and intrusion trends

Established and well-resourced cyber operations will continue to innovate, developing new methods of distributing crimeware and incorporating advanced tactics to infiltrate, disrupt and destroy systems, according to a new report by CrowdStrike. “We’ve already seen cyber adversaries launch massive, destructive attacks that render organizations inoperable for days or weeks. Looking ahead, security teams will be under…

What CISOs prioritize in order to improve cybersecurity practices

In a new study by the The Financial Services Information Sharing and Analysis Center (FS-ISAC), CISOs weighed in on the most critical cyber-defense methods, frequency of cyber-preparedness reporting to their respective boards of directors as well as the current cyber chain of command within their respective financial organizations.

Cyber attacks surge, ransomware leading the way

The Online Trust Alliance (OTA) found that cyber incidents targeting businesses nearly doubled from 82,000 in 2016 to 159,700 in 2017. Since the majority of cyber incidents are never reported, OTA believes the actual number in 2017 could easily exceed 350,000. “Surprising no one, 2017 marked another ‘worst year ever’ in data breaches and cyber incidents around the world,”…

Insights from 700M thwarted cyberattacks show how the fight against cybercrime has intensified

2017 was a record-setting year in the fight against cybercrime. Based on analysis of real world cybercrime attacks, ThreatMetrix confirmed a 100 percent increase in volume of attacks over the last two years. The good news is that record numbers of these attacks are thwarted by organizations investing in innovative, digital-first strategies to protect consumers facing downstream attacks…