One in three SMBs uses free consumer security tools
New research from cybersecurity company BullGuard reveals that one in three SMBs in the US and UK rely on free consumer cybersecurity tools and one in five has no endpoint protection at all.
The study also finds 43 percent of SMB owners have no cybersecurity defense plan in place -- leaving their most sensitive financial, customer and business data, and ultimately their companies, at significant risk.
Criminals target APIs to attack financial services systems
In the year to November 2019, 75 percent of all credential abuse attacks against the financial services industry targeted APIs directly, according to a new report.
The research from Akamai observed 85,422,079,109 credential abuse attacks. Nearly 20 percent, or 16,557,875,875, of these were against host names that were clearly identified as API endpoints. Of these, 473,518,955 attacked organizations in the financial services industry.
5G revenue from IoT connections to reach $8 billion by 2025
Operator-billed revenue from 5G IoT connections will reach $8 billion by the end of 2024, up from $525 million in 2020 -- growth of more than 1,400 percent in five years.
A new study from Juniper Research forecasts that 5G IoT connections will be considered as new connections that won't cannibalise existing operator connectivity revenue from current IoT technologies.
The $600 quantum computer that could spell the end for conventional encryption
Concerns that quantum computing could place current encryption techniques at risk have been around for some time.
But now cybersecurity startup Active Cypher has built a password-hacking quantum computer to demonstrate that the dangers are very real.
Red Hat OpenShift Container Platform becomes available on IBM systems
IBM and Red Hat have revealed the latest fruit of their tie-up with the announcement of general availability of Red Hat OpenShift on IBM Z and LinuxONE systems.
Red Hat is already a leader in hybrid cloud and enterprise Kubernetes, with more than 1,000 customers already using the OpenShift platform to manage containers.
Cybercriminals exploit coronavirus fears to spread malware
January's Global Threat Index from Check Point Research shows that Emotet remains the top threat for the fourth month in a row. But it’s now being spread by a spam campaign exploiting people's worries about the coronavirus.
The emails appear to be reporting where Coronavirus is spreading, or offering more information about the virus, encouraging the victim to open the attachments or click the links which, if opened, attempt to download Emotet on their computer. Emotet is primarily used as a distributor of ransomware or other malicious campaigns.
Six keys to successful digital transformation
Digital transformation is a prime objective for many businesses, with 93 percent of enterprises undergoing some kind of project according to a new report.
The survey conducted by Hanover Research and commissioned by digital platform company AHEAD shows these efforts are driven primarily by a desire to cut costs (77 percent) and improve customer experience (71 percent).
Security pros are overconfident in the effectiveness of their tools
Half of respondents to a new survey report that they have experienced a breach because one or more of their security tools wasn't working as expected.
The Security Operations Effectiveness survey from Keysight Technologies questioned over 300 individuals involved in enterprise security solutions and found that only just over half (57 percent) of security professionals are confident their current security solutions are working as intended.
Fraudsters turn to the human factor to boost their attacks
For all of today's sophisticated technology, sometimes there's no substitute for the human touch when it comes to getting the job done and it seems this applies to fraud as much as legitimate business.
Online fraud prevention specialist Arkose Labs has released its latest Fraud and Abuse Report, which shows that human-driven attacks are up 90 percent in the last quarter of 2019 compared to the previous six months.
Security automation is changing hiring trends
A new survey of more than 1,000 IT and IT security practitioners reveals that 51 percent now believe that automation will decrease headcount in the IT security function, an increase from 30 percent in last year's study.
The study by the Ponemon Institute, in partnership with DomainTools also finds concerns of employees about losing their jobs because of automation have increased to 37 percent over last year's 28 percent.
Majority of consumers worry about identity theft and account hijacking
A steady stream of data breaches has led most consumers to worry about the online crimes that lead to identity theft and account takeovers.
A new report from F-Secure shows almost nine out of 10 consumers are at least somewhat worried about their bank accounts being hacked to steal money (89 percent), online shopping fraud (87 percent), and someone committing a crime with their identity (87 percent).
New automation service gives companies control over hybrid cloud security
Enterprises are moving more of their workloads to the cloud in order to enhance their agility and responsiveness. But in the rush to develop new applications security can sometimes take a back seat.
Today Tufin is launching SecureCloud, a security policy automation service for enterprises that need to gain visibility and control over the security posture of their cloud-native and hybrid cloud environments.
PayPal tops the list of most phished brands
Predictive email defense company Vade Secure has released a new report ranking the top 25 brands most impersonated in phishing attacks.
The report covering the final quarter of 2019 shows PayPal is the top brand impersonated by cybercriminals for the second quarter in a row, with Facebook taking the number two spot and Microsoft coming in third.
Cyber insurance and its place in business security strategy [Q&A]
Data breaches and cyberattacks can be costly for businesses, not just in financial terms but also in damage to reputation.
It's not surprising then that more and more companies are looking to offset these costs by taking out cyber insurance policies, We spoke to Chris Kennedy, CISO and VP of customer success at AttackIQ to find out more about cyber insurance and the potential pitfalls.
Mac threats overtake Windows for the first time
It's generally been accepted that Mac systems are much safer than Windows, but that could be starting to change as a new report shows Mac threats are growing faster than their Windows counterparts for the first time ever.
Malwarebytes latest annual State of Malware report shows an average of 11 threats per Mac endpoint in 2019 -- nearly double the average of 5.8 threats per endpoint on Windows. Overall Mac threats increased by more than 400 percent, year-on-year.
Ian's Bio
Ian spent almost 20 years working with computers before he discovered that writing about them was easier than fixing them. Since then he's written for a number of computer magazines and is a former editor of PC Utilities. Follow him on Mastodon
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