Most consumers ready to switch banks over fraud protection measures
A new study reveals growing anxiety among consumers that weaknesses in their banks' fraud-protection measures could leave them exposed to scammers, this would result in the vast majority (75 percent) switching providers.
For the report from Jumio sampled the views of more than 8,000 adult consumers, split evenly across the UK, US, Singapore, and Mexico, with research carried out by Censuswide.
Shadow SaaS -- a persistent problem and how to confront it [Q&A]
There's an abundance of apps and SaaS solutions readily available these days to make the lives of employees easier and perform many work-related tasks. And the list keeps growing, with the likes of ChatGPT and Gemini paving the way for more AI-driven virtual assistants.
This is all well and good, unless your organization doesn't sanction the use of the software in question, turning something seemingly innocuous into shadow SaaS -- and a security risk. We spoke to John Stringer, head of product at data loss prevention specialist Next DLP, to learn more.
Businesses regularly face AI-driven fraud
A new report finds that 76 percent of fraud and risk professionals believe their business has been targeted by AI-driven fraud, with over half reporting this type of fraud happening daily or weekly.
The study, from anti-fraud platform Sift, finds the emergence and increased adoption of AI tools, including publicly available chatbots, enables cybercriminals to conduct scalable fraud attacks against both individuals and businesses.
WatchGuard makes enterprise-grade threat detection available for all organizations
Smaller businesses are often more at risk of cyberattack simply because they lack the resources of their larger counterparts.
WatchGuard Technologies is looking to change that with the launch of an open XDR solution that delivers levels of visibility into east/west and north/south network traffic previously only available to large enterprises with the resources to manage their own security operations center.
DORA: A blueprint for cyber resilience in the U.S.
In today’s post-pandemic world, businesses are looking to shift back into the office while leveraging the learnings from the pandemic. Digital operations are going to be the new normal. With business innovations increasingly helping enterprises provide faster and easier-to-consume services to customers, the digital way of business is continuously creating a much larger digital footprint than ever before.
However, continuously increasing digital footprint also means possible targets of cyberattacks are also increasing equally rapidly. What is interesting to note is while investments in cybersecurity are increasing, so have the cyberattacks. According to CrowdStrike, attackers are moving faster within enterprises after an initial breach, with the average time it takes to hit patient 1 after patient 0 (the typical indicator of lateral movement) falling from 84 minutes to 62 minutes in the last year. Unfortunately, while many enterprises are continuing to invest in cyber security, far few invest in cyber defense, yet everyone wants the assurance of cyber resilience.
The latest cybersecurity trends and how to guard against them [Q&A]
The cybersecurity landscape is a constantly changing one, with new threats emerging and old ones evolving. This makes it difficult for organizations to ensure their defenses are up to the task of properly protecting them.
We spoke to Balazs Greksza, threat response lead at Ontinue which recently published its first threat intelligence report, to find out about the latest threats and how organizations can address them.
Network security threats increase along with complexity
New research from Daisy Corporate Services in the UK shows that 69 percent of organizations have seen an uptick in network security threats over the last 18 months.
The survey, of 250 UK IT decision-makers, highlights that growing network complexity is making it more difficult and costly for organizations to secure and manage their networks.
Enterprises could get a false sense of security from single sign-on
Enterprises could be exposing themselves to by increasingly relying on single sign-on (SSO) according to a new report from Doyensec, in collaboration with Teleport.
Although sold by identity providers (IdPs) for their convenience and security, SSO solutions can amplify the impact of breaches. The research shows these impacts can be significantly mitigated once additional layers of security are placed between the IdP and the linked applications and services.
Critical vulnerabilities rise but remediation times improve
A new report from security testing platform Synack shows a rise in critical-severity vulnerabilities in 2023 compared to 2022.
On a positive note though, despite mounting pressures on security teams, organizations have reduced their mean time to remediation for critical-severity vulnerabilities by 24 days and high-severity vulnerabilities by 18 days, down to 56 and 74 days, respectively.
Lack of automation leaves businesses open to invoice fraud
New research from Ivalua finds that 31 percent of UK businesses have been the victim of invoice fraud in the past 12 months.
Of these, just 39 percent managed to stop the fraudulent transactions before the money was paid out.
Remote workers put corporate data at risk
New global research from secure storage maker Apricorn into the security and storage of data finds corporate information is knowingly put at risk by 55 percent of mobile workers.
The research, carried out by Censuswide among 604 UK and US IT security decision makers, also finds that 63 percent expect their mobile/remote workers to expose their organization to the risk of a data breach. 43 percent in the UK (40 percent in the UK and US combined) say their mobile/remote workers don't care about security.
Cybersecurity workforce reaches record highs but skills gap grows too
The cybersecurity workforce grew in 2023 to a record high of 5.5 million people, but the demand for skills is still outpacing growth.
A new guide from the UK's Chartered Institute of Information Security (CIISec) and ISC2 shows that globally, the cyber skills gap grew by 12.6 percent last year, with four million additional workers needed to fill the void, making recruitment more important than ever.
AI and dataset poisoning -- are organizations prepared for the latest cyberthreats? [Q&A]
Although governments are issuing new guidelines for businesses to toughen up their cyber protection, cyberattacks remain a major risk, only growing in sophistication with advancements in AI.
With the continued integration of AI into systems, recognizing the threat that dataset poisoning presents is also an emerging concern. We spoke to Andy Swift, cyber security assurance technical director at Six Degrees to discuss the latest threats and how businesses can respond.
Online fraud is a growing problem but businesses are fighting back
Almost 87 percent of respondents to a new survey report an increase in online fraud in the year to April 2024. Just 1.19 percent of respondents saying they experience zero fraudulent IDV (identity and verification) attempts in a month.
The report from Veriff also finds that more than 86 percent of decision-makers say their customers are now more demanding of robust fraud prevention capabilities. This reflects the findings in Veriff's 2024 Fraud Index which found more than 75 percent of consumers consider a company's record on fraud prevention before signing up for a service.
Security problems driven by increased API usage
A new study reveals that 95 percent of respondents have experienced security problems in production APIs, with 23 percent suffering breaches as a result of API security inadequacies.
API security incidents have more than doubled within the past 12 months, with 37 percent of respondents experiencing an incident, compared to just 17 percent in 2023.
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