Financial services companies plan to boost their AI investments
A new study from Lucidworks shows that businesses across the board are planning to increase their investment in AI over the next year, with financial services companies among those leading the charge.
The survey of over 6,000 employees involved in AI technology decision-making finds 94 percent of financial services firms planning to boost generative AI investments within the year. However, the survey found differences depending on location. 100 percent of Chinese financial services employees and 97 percent of UK respondents surveyed say they plan to increase investment, compared to only 91 percent of US companies.
DDoS attackers shift their targets
The latest global threat analysis report from Radware shows that DDoS attacks are being reshaped in terms of tactics, vector, size, complexity, and hacktivism.
The number of malicious web application transactions skyrocketed by 500 percent compared to the first half of 2022, while the total number of DDoS events decreased by 33 percent. This points to a change in DDoS attack patterns as attacks shift from the network layer to the application layer.
66 percent of businesses don't understand their cyber risks
Businesses are struggling to understand their cyber risks, with 66 percent of respondents to a new survey indicating that they have limited visibility and insight into their cyber risk profiles.
The survey, conducted by Censuswide for Critical Start, shows 67 percent of organizations have experienced a breach requiring attention within the last two years despite having traditional threat-based security measures in place.
Identity management is top challenge for CISOs
Identity access management (IAM) is a key priority for enterprise security leaders according to the latest CISO Survival Guide, released today by Cisco along with Forgepoint, NightDragon, and Team8.
According to the guide 85 percent of IT decision-makers prioritize IAM investments more highly than other security solutions, while 23 percent of respondents report that user and device identity management is a top priority.
What IT pros want from container security solutions
What capabilities do IT professionals need for container networking and security? That's what a new study from Tigera has set out to discover.
A survey of more than 1,200 users of the Calico Open Source container security platform finds the capabilities driving their adoption of Calico are, scalable networking (35 percent), security policies (35 percent), interoperability across different environments (33 percent) and encryption capabilities (30 percent).
Generative AI increases vulnerability to cyberattacks
Senior security professionals view generative AI as a disruptive cybersecurity threat, with 46 percent of respondents to a new survey believing generative AI will increase their organization's vulnerability to attacks.
The study from Deep Instinct shows the top three generative AI threat issues are seen as growing privacy concerns (39 percent), undetectable phishing attacks (37 percent) and an increase in the volume and velocity of attacks (33 percent).
How AI and vector search are transforming analytics [Q&A]
Organizations have more data than ever, but unlocking the information it contains in order to make decisions can be a challenge.
The marriage of of real-time analytics and AI with vector search is a potential game changer for any business that has large amounts of data to crunch. We spoke to Rockset CEO and co-founder Venkat Venkataramani to find out more.
Google launches new service to eliminate virtual desktops
Google and Cameyo are launching a new service that will help organizations to save money and increase productivity by switching from Windows to ChromeOS devices while maintaining access to their Windows apps.
ChromeOS Virtual App Delivery with Cameyo gives organizations the ability to eliminate costly and insecure virtual desktops while still maintaining access to all of their applications. This is claimed to reduce total cost of ownership by 54 percent compared to virtual desktops, improve security, and deliver a better user experience.
Half of browser extensions pose a high risk to business
As businesses increasingly turn to SaaS applications in order to streamline their operations and facilitate hybrid working, a new report reveals the risks that can be posed to these apps by browser extensions.
The study from Spin.AI shows almost 51 percent of browser extensions pose a high risk to data stored in Google Workspace and Microsoft 365, and 44 percent pose a medium risk.
Americans want data privacy and they worry about AI
A new survey of over 1,000 Americans reveals that people are deeply concerned about their personal data, believe their data is priceless, want a national privacy law, and are pessimistic about the rise of AI and personal data.
The study for PrivacyHawk, conducted by Propeller Research, shows 45 percent are very or extremely concerned about their personal data being exploited, breached, or exposed. Over 94 percent are generally concerned. Only 5.7 percent of the US population is not concerned at all about their personal data risk.
40 million individuals exposed in healthcare data breaches
Despite an overall decline in the number of healthcare data breaches, the first half of this year has seen a record number of individuals have their information exposed.
The latest Healthcare Data Cyber Breach Report from security-as-a-service provider Critical Insight shows individual records compromised in data breaches increased by 31 percent in the first half of 2023 compared to the second half of 2022.
IBM launches generative AI tool to help modernize mainframe software
Many large enterprises still rely on mainframes, but the use of legacy technology can hold back modernization and digital transformation efforts.
To help organizations progress their modernization plans, IBM is launching watsonx Code Assistant for Z, a new generative AI-assisted product that will help enable faster translation of COBOL to Java on IBM Z systems and enhance developer productivity on the platform.
It's in the cloud somewhere... Three-quarters of enterprises don't know where their apps are
A new study reveals that 76 percent of enterprises don't have complete visibility into the access policies and applications across multiple cloud platforms, including which access policies exist, where applications are deployed, and who does and doesn't have access.
The report, from Strata Identity based on data from Osterman Research, shows the percentage of organizations using a single cloud identity provider (IDP) is down from 30 percent to 20 percent since last year. The other 80 percent are now using multiple IDPs to manage enterprise identity.
Researchers feel overwhelmed by errm… research
A new study finds that 66 percent of researchers are overwhelmed by the quantity of published work they have to review.
The survey, by research platform Iris.ai, of 500 corporate R&D workers shows that 69 percent spend at least three hours a week reviewing research documents, with 19 percent of those spending over five hours. AI could help to address this problem but is not being widely used.
How the metaverse is set to change the way businesses communicate [Q&A]
Increased use of the metaverse and other immersive spaces using VR, AR and digital avatars, is going to change how businesses communicate with their customers.
In an increasingly globalized world part of the issue is how real time experience will cope with the use of different languages. This is expected to put real pressure on automated and machine translation services to deliver fast, accurate results.
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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