Black Hat's sixth annual community survey, Cyber Threats in Turbulent Times, highlights how the COVID-19 pandemic and U.S. presidential election will have a significant impact on the information security industry in 2020.
A new survey on the current state of security operations center (SOC) performance has found that while some organizations have increased funding, the overall gains have been meager, and the most significant issues have not only persisted, but worsened.
Hackers will always exploit a crisis, and the coronavirus outbreak is no different. Since January, cybercriminals have leveraged the COVID-19 pandemic to stage all manner of cyberattacks, from ransomware take-overs of hospital systems to private network hacking. But the latest cybercrime scheme exploits the greatest cybersecurity vulnerability of all: human emotion.
Half of infosec professionals revealed that their organizations didn’t have a contingency plan in place, or didn’t know if they did, for a situation like COVID-19 or a similar scenario.
Cred, a blockchain-based financial services platform, announced Bethany De Lude will take over all security operations as Chief Information Security Officer.
Threat actors launched a cyberattack against the Texas Office of Court Administration, the IT provider for many Texas courts, and encrypted their computer systems with ransomware, leaving those systems useless. Cognizant, which has a large presence in Dallas-Fort Worth and is one of the world’s largest and most sophisticated providers of information technology services for other companies, was hit with ransomware with losses currently estimated between $50 million and $70 million.
There is a trade-off between technology innovation and security. The adoption of emerging technologies like 5G will fuel the proliferation of Internet of Things (IoT) which are often built with basic security controls, creating a larger attack surface. At the same time, reliance on data means that data breaches can cause greater damage.
CenturyLink, Inc. announced that Hugo Teufel has joined the technology company as its new chief privacy officer. As a noted expert in the field, he will advise the company on privacy and security issues and will work closely with CenturyLink’s sales, IT and security teams to help design, implement and refine strategic privacy initiatives throughout the company.
The new NIST standards for IAST and RASP are a testament that outside-in AppSec approaches are antiquated, inefficient, and ineffective. Security instrumentation is more than a paradigm shift of the future—it is an opportunity for today.
