Wary of a recession? Increase your investment in cybersecurity technologies
Leading organizations in all industries have accelerated their digital transformation and change management over the past three years, and for a good reason. According to Deloitte, meaningful digital transformation initiatives can unlock up to $1.25 trillion in market capital across Fortune 500 companies, with similarly positive results demonstrated for mid-range and small enterprises.
The key word here is "meaningful." But what constitutes beneficial change management processes versus directionless spending?
Three-quarters of consumers are ready to ditch a company after a ransomware attack
A new study shows that 75 percent of consumers would switch their business to another company following a ransomware attack.
The survey, from backup appliance company Object First, also reveals that consumers are requesting increased protection from vendors that hold their data, with 55 percent favoring companies with comprehensive data protection measures such as reliable backup and recovery, password protection, and identity and access management strategies.
Stolen identities remain top cybersecurity threat
Stolen identities continue to cause massive breaches, exposing 1.5 billion user records and costing businesses an average of $9.4 million per breach in 2022, according to a new report.
The ForgeRock 2023 Identity Breach Report shows that attackers continue to target credentials and use them as a stepping stone to infiltrate an organization across industries and geographies. What’s more and AI is making it more difficult for the average human to identify threats.
Five ways your business can bridge the cybersecurity skills gaps to find and keep top talent
We hear a lot about the cybersecurity skills gap, which the latest research puts at 3.4 million globally. There are lots of reasons why organizations find themselves dealing with a skills deficit -- from an actual dearth of qualified talent to internal factors including turnover, lack of budget/competitive wages, limited opportunities for growth and promotion, and lack of training.
One aspect that is within a company’s control, but is often unremarked, is unrealistic hiring practices. While this can be a problem across all sectors -- after all, every business wants to be sure they get highly experienced people on board -- there seems to be a particular issue around cybersecurity hiring.
New index allows companies to measure their cybersecurity capabilities
Cyberattacks are increasingly a feature of everyday life, yet many companies remain unaware of their teams' true readiness to defend against them.
Cyber defense specialist RangeForce is launching a new Defense Readiness Index (DRI), a pioneering scoring system which gauges an organization's readiness to effectively respond to the cyberattacks it is likely to face.
When is an IT risk a cyber risk? And why the difference matters [Q&A]
There tends to be some confusion about where cyber risk ends and where IT risk starts and the terms are often used interchangeably.
We spoke to Gary Lynam, head of ERM advisory at risk management specialist Protecht, to find out more about understanding and managing the different types of risk that enterprises face.
Email attacks grow faster in Europe than the US
Email attacks in the US grew by five times between June 2022 and May 2023. However, Europe saw total attacks increase seven-fold during the same period -- to an average of 2,842 attacks per 1,000 mailboxes in May.
Data released today by Abnormal Security shows that where business email compromise (BEC) attacks are concerned, the disparity is even greater.
'Digital-first' economy creates new risks for CISOs
Today’s digital-first economy has transformed the role of the modern CISO, increasing threats and changing security priorities. New research from Salt Security shows that 89 percent of CISOs report that the rapid deployment of digital services has generated unforeseen risks to securing critical business data.
The study of 300 CSOs and CISOs around the world reveals the top risk as being personal liability and litigation resulting from security breaches, with 48 percent of CISOs citing that challenge.
Uncovering the security gaps that expose hybrid identity systems to attackers [Q&A]
Hybrid computing environments, which combine on-premises and cloud-based technologies, have become increasingly common in recent years. This shift has created new security challenges for IT leaders, particularly when it comes to managing the security of identity environments.
We spoke with Ran Harel, associate vice president of security products at Semperis, to find out more about the changing risk landscape and how it can be addressed.
Summer time and cybersecurity ain't easy
Cybersecurity concerns are likely to go out of the window during the summer months according to a new study which finds that 33 percent of employees in the US and UK are less likely to worry about following best practices while working in the summer.
The research, from API and application protection platform ThreatX, also shows IT teams are struggling to monitor and enforce BYOD policies during summer months when more employees are traveling or working remotely.
75 percent of people risk being hacked through poor password practice
New research into the password habits of over 8,000 individuals across the UK, France and Germany shows 75 percent of people don't adhere to widely accepted password best practices, putting themselves at risk.
The study from Keeper Security shows 64 percent are either using weak passwords or repeat variations of passwords to protect their online accounts. More than a third of people also admit to feeling overwhelmed when it comes to taking action to improve their cybersecurity.
Enterprises urged to prepare for major PKI changes
Certificate authority GlobalSign is warning that later this year, and into 2024, there will be significant changes within the Public Key Infrastructure (PKI) marketplace that they need to be aware of.
These changes involve several critical areas: Google's move to reduce the lifespan of SSL/TLS certificates to 90 days, new CA/Browser Forum Baseline Requirements for email security, and mandatory Root changes issued by Mozilla.
How object storage can contribute to cybersecurity analytics [Q&A]
Data volumes are growing exponentially year after year, this means huge amounts of log data that security teams are struggling to collect, analyze and act on in a timely manner.
As a result, security teams are inundated with data that is fragmented across locations and platforms. We spoke to CTO of MinIO Ugur Tigli to discuss how modern object storage can be used to build automated cybersecurity analytics pipelines to break down these barriers and enable security teams to quickly take action on the information stored in log files.
Breaches decline as security culture improves
The latest Security Maturity Report, published today by ClubCISO, shows 76 percent of CISOs reported no material breaches over the past year, up from 68 percent in 2022.
Despite the difficult economic climate, heightened global tensions and the onset of new technology making cybercrime easier, 60 percent of those surveyed say that no material cyber security incident had occurred in their organization over the past 12 months.
Amidst an energy crisis, energy companies can't risk a cyberattack further damaging their reputations
It’s no secret that rapidly rising prices, spurred by Russia’s war in Ukraine, have inflicted damage on the reputations of energy companies. While the companies themselves may not have caused those rising prices, it’s their logos that consumers see on top of their energy bills every month.
It should hardly be surprising then that a survey by Populous found that just 16 percent of Britons view the energy sector positively. These are people, remember, who’ve found themselves in the midst of one of the worst cost-of-living crisis in decades. Millions of them have also, at some point in the past few months had to choose between heating their homes and eating.
