94 percent of companies would pay a ransom despite having 'do not pay' policies
Cyberattacks are forcing the majority of companies to pay ransoms and break their 'do not pay' policies, with data recovery deficiencies compounding the problem.
New research from Cohesity, based on responses from over 900 IT and security decision-makers, shows that companies firmly operate in a 'when,' not 'if,' reality of cyberattacks.
Ransomware on the rise with mid-size companies a prime target
A new report from Delinea shows that, while still not back to 2021 levels, ransomware attacks are increasing.
What's more, mid-sized companies appeared to be in cybercriminals’ sights the most, with 65 percent saying they've been a ransomware victim over the past 12 months. Organizations are also paying ransoms more frequently, up to 76 percent from 68 percent the prior year.
Investment in quantum startups down by 50 percent but interest remains strong
A new report shows a 50 percent global drop in venture capital invested into quantum startups from $2.2 billion in 2022 to around $1.2 billion in 2023. The US saw an even bigger decline at 80 percent, while Europe, the Middle East and Africa grew by three percent.
The report from IQM Quantum Computers, OpenOcean, a leading European venture capital firm, and Lakestar, the leading European technology investor, attributes the drop to an overall decline in technology investing rather than to falling interest in quantum technology.
Free link checker helps identify malicious websites
Cybersecurity company NordVPN is launching a new, free tool to allow users to check the safety of a website before visiting it.
Link Checker scans a site for different types of malware and delivers a notification about whether it's fake or infected with phishing scams.
87 percent of organizations likely to invest in Gen AI coding tools
A new report from software engineering specialist LinearB looks at the effects of generative AI on code creation and delivery.
Gen AI is predicted to generate one in five lines of code by the end of this year and the study of over 150 tech leaders sets out to understand how organizations can measure the effects of Gen AI on their code.
Why identity security could be the Achilles heel of your business [Q&A]
Most successful cyberattacks rely on compromised identity or social engineering. Yet this can be a major blindspot for enterprises with basic awareness of the problem lacking and a growing number of personal devices used for work.
We spoke to Jim Taylor, chief product officer of identity platform RSA, -- which recently published a report on the issue -- to learn more about the problem and how it can be addressed.
Making cybersecurity elementary [Q&A]
There are so many terms and acronyms used in the cybersecurity sector that it can be a little overwhelming at times, even for people who work in the industry.
Paul Baird, director of cyber security operations and engineering at Advanced Software and fellow at the Chartered Institute of Information Security (CIISec) has produced a round up of all the terms that you might ever need to know in the security space in a format based on the periodic table of elements.
Demand for cyber insurance increases as attacks get more sophisticated
A new report shows that as the severity and sophistication of cyberattacks has increased along with the financial consequences, many companies have been prompted to invest in or review their cybersecurity insurance.
The study of over 600 IT security professionals, conducted by the Ponemon Institute for Recast Software, shows 41 percent say their organization has experienced an increase in the number of cybersecurity incidents in 2023, 61 percent say the total cost of these attacks had averaged $21 million, and 75 percent say their cybersecurity exposure would increase or at best stay the same in the coming year.
Interest in AI and security surges among developers
The latest Technology Trends Report from O'Reilly shows interest in generative AI among developers has surged.
The report looks at the most popular technology topics consumed by the 2.8 million users on O'Reilly’s online learning platform and finds that topic engagement in GPTs has grown 2,600 percent year-on-year.
Privacy fears lead enterprises to ban GenAI use
New research reveals that that most organizations are limiting the use of generative AI over data privacy and security issues, and 27 percent have banned its use, at least temporarily.
The study from Cisco surveyed 2,600 privacy and security professionals and finds that among concerns cited are threats to an organization's legal and Intellectual Property rights (69 percent), and the risk of disclosure of information to the public or competitors (68 percent).
2023 marked an 80 percent increase in ransomware activity
The latest annual report from the GuidePoint Research and Intelligence Team (GRIT) observed 63 distinct ransomware groups using encryption, data exfiltration, data extortion, and other novel tactics to compromise and publicly post 4,519 victims across all 30 of GRIT's tracked industries, and in 120 countries, across 2023.
Most impacts affected a limited subset of industries. 62 percent of all observed victims belong to one of the top ten most-impacted industries, with manufacturing and technology remaining the two most-impacted.
Majority of companies not prepared for insider threats
An overwhelming majority of global organizations admit they are ill-prepared to handle the steady increase in insider threat activity, according to new research conducted by Cybersecurity Insiders and announced today by Securonix.
While 76 percent of organizations have detected increased insider threat activity over the past five years, less than 30 percent believe they are equipped with the right tools to handle them.
Bugcrowd sees 30 percent increase in web vulnerability submissions
Crowdsourced security platform Bugcrowd’s latest Vulnerability Trends Report finds that the hacker community recorded a 30 percent increase in web vulnerability submissions on the platform compared to 2022.
In addition it has recorded an 18 percent increase in API submissions, a 21 percent increase in Android submissions, and a 17 percent increase in iOS submissions.
New unified SASE gateway boosts performance for enterprises
Secure Access Service Edge (SASE) technology has become increasingly popular as it combines the delivery of wide area networks and security controls in a single platform.
As enterprises look to support new digital requirements including accelerated cloud adoption, edge computing, increased use of collaboration tools, and a hybrid workforce SASE is likely to become still more popular. Versa Networks is launching a new line of Unified SASE gateways delivering 100+ Gbps throughput to meet the growing demand for increased convergence of networking and security.
Organizations face devastating financial consequences from cyberattacks
A new report from Barracuda Networks and the Ponemon Institute looks at 'cybernomics' -- the financial forces that are driving cyberattacks.
Based on a survey of over 1,900 IT security practitioners it finds the average annual cost to respond to compromises is a startling $5.34 million.
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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