The Great Resignation linked to a great data theft

steal_data_malware

We've all heard of the Great Resignation, a pandemic-driven shift in people's work preferences. But new research from Cyberhaven suggests that this has gone hand-in-hand with a huge stealing of data.

Based on anonymized details from over 1.4 million workers and spanning 360,000 data exfiltration incidents and a broad sample of companies, including 11 percent of the Fortune 100, it reveals data ranging from customer information to software source code being exfiltrated in large volumes.

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Organizations falling short in addressing security risks

Risk dial

According to 90 percent of IT security leaders their organizations are falling short in addressing cybersecurity risks.

Research from Foundry finds that this perception comes from a number of issues including convincing all or parts of their organization of the severity of risk (27 percent), and believing their organization isn’t investing enough resources to address risks (26 percent).

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Vulnerability backlogs are too time-consuming to address

Backlog workload

Organizations are losing thousands of hours in time and productivity dealing with a massive backlog of vulnerabilities that they have neither the time or resources to tackle effectively, according to a new report.

The State of Vulnerability Management in DevSecOps report from vulnerability management platform Rezilion and the Ponemon Institute, shows 47 percent of security leaders report that they have a backlog of applications that have been identified as vulnerable.

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SMBs hardest hit by ransomware

ransomware key

A new report from cyber risk insurance provider Coalition shows that while overall incidents are down, and ransomware attacks are declining as demands go unpaid, smaller businesses have become bigger targets.

In the first half of 2022, the average cost of a claim for a small business owner increased to $139,000, 58 percent higher than levels during the first half of 2021.

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DDoS attacks on financial firms increase during Ukraine war

DDoS attacks

DDoS attacks made up 25 percent of the cyber incidents submitted to the UK's Financial Conduct Authority in the first half of 2022, compared to just four percent in 2021.

Analysis by attack simulation specialist Picus Security of information obtained from the FCA under a freedom of information request shows the rise also coincides with a reported increase in DDoS for hire websites and ransomware operators using DDoS as a tactic to pressure and extort money from targets.

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Public cloud security gaps expose business critical assets

Cloud

The public cloud has been widely adopted by organizations of all sizes, but a new report from Orca Security reveals some alarming shortcomings in security.

Among the key findings, 72 percent of organizations have at least one Amazon S3 bucket that allows public read access, and 70 percent have a Kubernetes API server that is publicly accessible.

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New tool helps businesses balance innovation and reliability

innovation lightbulb moment

Many companies are currently undertaking digital transformation projects, but while customers are quick to embrace the benefits of a customer experience reshaped by technology they have little patience when that technology doesn't work as expected.

To allow teams to define, monitor and manage modern app stacks to ensure they meet service level objectives (SLOs), Sumo Logic is launching a Reliability Management tool.

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80 percent of organizations have suffered a severe cloud security incident

Cloud crime lock

A new report finds 80 percent of organizations have experienced at least one severe cloud security incident in the past year, and 41 percent say cloud native services increase complexity, further complicating their security efforts

On a positive note though the study, from developer security specialist Snyk, shows 49 percent of organizations now find deployment is faster as a result of improved cloud security.

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IT leaders are out of touch with development team progress

Shrugging businessman

A new study reveals that 40 percent of respondents don't know whether their development teams are behind or ahead of schedule, and 27 percent say they have trouble following the teams' progress to ensure they are meeting their goals.

The research from Couchbase, based on a survey of 650 senior IT decision makers, shows 88 percent of respondents are aware of the challenges faced by development teams.

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How IT onboarding can can be crucial to retaining key workers [Q&A]

Training course

The use of IT systems is vital to the success of any business, but if employees aren't properly instructed in the use of these systems it can prevent them from performing well.

This applies particularly to certain groups like older workers, returning parents and contractors. So, what can businesses do to ensure they properly harness the skills, knowledge and expertise held by these groups?

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Queen Elizabeth II -- a life packed with technological change

QEII

As you've probably learned elsewhere already, Queen Elizabeth II died yesterday at the age of 96 after an extraordinarily long reign.

For anyone under the age of 70 she has been the constant center of life in the UK, a relic of an earlier era, perhaps, but she's also lived through an age of huge and rapid technological advances.

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Protecting data during digital transformation [Q&A]

Digital transformation

In recent years, many businesses have embraced digital transformation to boost productivity and streamline operations in an attempt to create competitive advantages. But in the process of migrating critical operations to the cloud, they have exposed themselves to new risks.

With cloud apps accessible from anywhere, it not only helps your users get their work done, it also provides attackers with new vectors to exploit.

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Lack of visibility is the biggest challenge for cybersecurity teams

Blindfold businessman laptop

New research from Sevco Security shows that more than 10 percent of enterprise IT assets are missing endpoint protection, and that roughly five percent are not covered by enterprise patch management solutions.

Nearly 20 percent of Windows servers lack endpoint protection, far more than Windows clients and MacOS assets, which are just over 10 percent.

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SMBs turn to MSPs to improve cybersecurity

SMB laptop

A new survey of over 500 IT decision makers at small and medium businesses, from threat detection and response specialist Vade, shows 69 percent say a serious breach had bypassed their current email security solution.

It's perhaps not surprising then that SMBs are increasingly likely to turn to managed service providers, with 96 percent of organizations either currently outsourcing at least some of their needs to MSPs or planning to do so in the future.

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Website performance issues cost eCommerce businesses 10 percent of revenue

eCommerce

A new survey of 200 UK ecommerce leaders at enterprise organizations with more than £10m ($11.5m) revenue reveals that, on average, businesses lost 10 percent in revenue due to downtime and website performance issues in the last two years.

This is despite increased investment, with 48 percent of respondents saying their spending on eCommerce solutions has increased in the last two years, according to the study by enterprise software company Box UK.

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