62 percent of organizations not confident they can prevent data loss

data loss

Data exfiltration remains a significant threat and despite large investments in security tools, organizations are not confident they can stop it according to a new report.

The survey of 255 cybersecurity professionals, conducted by Osterman for data privacy and security company BlackFog, finds 62 percent lack confidence in the ability of their security tools to prevent data exfiltration.

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The increasingly critical role of data in the enterprise [Q&A]

Laptop collecting data

The importance of data has increased exponentially in recent years, for businesses of all sizes. But there are increasing challenges too, posed by privacy regulation, alternative data and more.

We spoke to Or Lenchner, CEO of Bright Data to find out more about the key role of data in the enterprise and how businesses can use it effectively.

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AKG Ara -- a stylish and versatile USB microphone [Review]

AKG1

With more and more of us working from home and conducting our business and personal lives via video calls, microphone quality on our devices has become a serious issue.

The in-built mics on laptops are OK but if you want to make presentations or create podcasts, make music, or just make a good impression on Zoom, then you really need something better. Step forward the AKG Ara.

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Only a third of telcos have a clear 5G strategy

5g smartphone

New research from IT services provider NTT DATA UK and research firm teknowlogy Group shows only 35 percent of telcoms companies have a clear strategy in place for rolling out 5G.

This is odd given that 94 percent of the senior business leaders from across Europe interviewed believe that 5G will transform the sector.

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Counting the cost of ransomware

Ransomware skull

Ransomware attacks have surged recently and the disruption they can cause to the operation of a business can cost many times more than the ransom.

Education website Cyber Security Degrees has produced an infographic looking at the impact of ransomware and at how businesses can protect themselves.

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Conversational AI and customer experience [Q&A]

These days when you contact a company online it can be hard to know if you're dealing with an actual person or with an AI bot.

Clearly AI has a role to play in automating repetitive tasks and answering straightforward queries. But can it really have a wider role to play in improving customer experience? We spoke to Derek Roberti, VP of technology at Cognigy, a global conversational AI platform provider, to find out.

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One in 10 users click phishing links on mobile platforms

mobile phishing

Most web traffic is now associated with users who are mobile, so it's no surprise that hackers are using this to their advantage by crafting attacks specific to mobile platforms.

Clearly this is paying off with as many as one in 10 users clicking on mobile phishing messages according to Apple enterprise management company Jamf's latest Phishing Trends report based on information, statistics and analysis of 500,000 protected devices across 90 countries.

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Cyber insurance ransomware claims decline but costs remain high

insurance key

Research from commercial insurance provider Corvus reveals that the cost of ransomware to businesses remains high.

Ransomware claims that resulted in payments to fraudsters are down though, mostly due to improved backup processes and greater preparedness. In the third quarter of 2020, 44 percent of ransomware claims involved a successful payment, but that decreased to just 12 percent by Q3 of this year.

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Businesses have under 10 minutes to approve new accounts online

Open New Account key

A joint study by Onfido and Okta finds that businesses have just 10 minutes to set up new digital accounts or risk losing consumer trust.

This is true across sectors, 65 percent want to open a bank account in less than 10 minutes, 69 percent to book a car rental, 72 percent to open a telemedicine account and 77 percent to register a gaming account.

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Businesses are afraid of the big bad bots

big red bad bot

A new report out today looks at the measures businesses are taking against bots and how successful they are -- and it doesn't offer good news.

The study from Kasada finds that 64 percent of organizations lost more than six percent or more of their revenue due to bot attacks, and 32 percent have lost 10 percent or more in the last year.

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Security fears lead firms to turn off collaboration features

Power switch

A new study by Theta Lake of businesses in the financial services sector finds that 83 percent of respondents are turning off key productivity and usability features of collaboration platforms like Zoom, Microsoft Teams, and Webex.

This is due to their organizations' technical inability to adhere to relevant regulatory compliance and security requirements.

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New cryptography solution aims for 'cyber herd immunity'

decentralized network intelligence

Increased reliance on digital systems and remote workforces has drastically increased the attack surface threatening to compromise organizations.

Encrypting information is part of the solution but is still vulnerable if keys fall into the wrong hands. Now though Australian deep tech cybersecurity start-up Tide Foundation has come up with a decentralized solution that offers the promise of 'cyber herd immunity'.

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How to get your business ransomware ready [Q&A]

Ransomware

Taking proactive measures like updating and patching systems promptly and undertaking penetration testing improves the ability to withstand a targeted attack.

But when security teams are flooded with non-critical alerts 'vulnerability fatigue' can set in. We spoke to Amitai Ratzon, CEO of penetration testing specialist Pentera, to find out how enterprises can avoid this and improve their ransomware readiness.

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Finance tasks top the list of processes companies want to automate

financial

Pretty much any business workflow can be automated, but which ones do enterprise executives say are the most important and deliver the greatest value?

A new report from automation specialist Kofax shows that tasks relating to financial transactions top most lists, with accounts payable automation top on 85 percent.

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Unification of tech is key to improving enterprise defense

DevSecOps

A news report shows that 71 percent of security leaders say their teams need access to threat intelligence, security operations data, incident response data, and vulnerability data.

Yet 65 percent of respondents find it very challenging to provide security teams with cohesive data access according to the study conducted by Forrester Consulting on behalf of Cyware.

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