Attacks on manufacturing industry continue to rise
The frequency and sophistication of cyber attacks continues to rise globally according to research data in the Q2 Threat Intelligence Report released by NTT Security. Four findings are of extreme interest and concern: Cyber attacks were up 24% globally during Q2 2017. Manufacturers continue to be a key target for cybercriminals. 67% of malware attacks…
Businesses overconfident about keeping attackers at bay
Despite the increasing number of data breaches and nearly 1.4 billion data records being lost or stolen in 2016, the vast majority of IT professionals still believe perimeter security is effective at keeping unauthorized users out of their networks. However, companies are under investing in technology that adequately protects their business, according to Gemalto.
3 in 5 companies expect to be breached in 2017
New research found that of the 50 percent who reported being breached in 2016, the average material impact to the business was $4 million. Vanson Bourne interviewed 600 senior IT decision-makers at organisations with at least 1,000 employees across Australia, France, Germany, Italy, the United Kingdom and the United States.
Cybersecurity analytics and operations: Need for automation and orchestration
New research from Enterprise Strategy Group (ESG) shows that when it comes to the evolution of Cybersecurity Analytics and Operations, 71% of respondent organizations find it more difficult today than it was two years ago due to the changing threat landscape, followed by volume of alerts and increased regulatory changes. “Despite businesses making it a…
Majority of workers blindly open email attachments
The vast majority (82 percent) of users open email attachments if they appear to be from a known contact, despite the prevalence of well-known sophisticated social engineering attacks, according to Glasswall. Of these respondents, 44 percent open these email attachments consistently every time they receive one, leaving organizations vulnerable to data breaches sourced to malicious…
Brands increasingly targeted by false websites and phishing
DomainTools released the names of the top U.S.-based retail companies whose brands are frequently abused by criminals creating look-alike domains for phishing. The research surfaced multiple malicious domains each day spoofing Amazon, Apple, Gap, Nike, and Walmart. Cybercriminals have become adept at creating websites and emails that closely resemble the actual brand, tricking consumers into…
200 million financial services records breached in 2016, 900% increase from 2015
The financial services industry was attacked more than any other industry in 2016 – 65 percent more than the average organization across all industries, according to the IBM X-Force Research team. As a result, the number of financial services records breached skyrocketed 937 percent in 2016 to more than 200 million. While the financial services…
Security skills need to be deep and wide to mitigate critical risks
Businesses recognize security as a growing imperative, but many remain on the defensive, fighting cyber threats with dated tactics and training, according to CompTIA. Companies need to adopt proactive measures to identify weak links before they are exploited; broaden the security skills of their technology professionals; and implement top to bottom security training throughout the…
Cyber risk issues resonating in boardrooms
The Cyentia Institute used in-depth surveys and interviews with corporate board members and CISOs to identify specific cyber risk issues resonating in boardrooms. CISOs report they spend most of their boardroom time “giving security guidance” on business enablement and loss avoidance. Surprisingly, CISO respondents reported they spend far less time discussing “data protection” and “brand…
38% of consumers affected by ransomware pay up
Consumers are increasingly being targeted with ransomware, and many of them are paying up, according to Trustlook. Since the beginning of 2016, ransomware has gone from a relatively exclusive category of malware utility to a mainstream destructive tool used in wave after wave of phishing attacks against individuals and companies alike. Ransomware is now so…