Siemens USA announced the launch of its technologically advanced cyber test range housed at its U.S. R&D headquarters in Princeton, New Jersey. The COVID-19 pandemic and the related increase in cyberattacks has highlighted the need for facilities such as this to focus on prevention, detection, and response solutions.
U.S. federal agencies revealed criminal charges against five computer hackers, all of whom were residents and nationals of the People’s Republic of China (PRC). All were charged of computer intrusions affecting over 100 victim companies in the United States and abroad, including software development companies, computer hardware manufacturers, telecommunications providers, social media companies, video game companies, non-profit organizations, universities, think tanks, and foreign governments, as well as pro-democracy politicians and activists in Hong Kong.
The Department of Justice’s Office of Community Oriented Policing Services (COPS Office) announced nearly $50 million in school safety funding through its School Violence Prevention Program (SVPP). SVPP provides up to 75% funding for school safety measures in and around primary and secondary schools and school grounds.
The need for cybersecurity in the financial services industry has never been greater. Financial Institutions (FIs) have been and will continue to be the subject of cyberattacks by adversaries of all varieties. The old adage “why do you rob banks....because that’s where the money is” holds in this domain as well. In 2019, 86 percent of breaches were financially motivated, and the records exposed in all breaches increased by 284 percent. And if that’s not enough for FIs to worry about, consider that the average cost of a breach as disclosed by public firms in 2019 was $116 million. Given the magnitude of this issue, these are the top trends seen in cybersecurity this year.
The vast majority (83%) of C-level executives expect the changes they made in the areas of people, processes, and applications as a response to the COVID-19 pandemic to become permanent (whether significant or partial), according to data from a new report published today by Radware, a provider of cyber security and application delivery solutions.
LexisNexis® Risk Solutions released its biannual Cybercrime Report, which tracks global cybercrime activity from January through June 2020. The report dives deep into how the COVID-19 pandemic has impacted the global digital economy, regional economies, industries, businesses and consumer behavior.
Cloud communications and other advanced networking solutions have not only changed the way we connect with the world around us today, but they are also driving the change in future connectivity and are set to transform the way businesses create operating models, collaborate, and more. So, what does the future of connectivity look like in 2021? The near future consists of more robust security, more intuitive and streamlined connectivity, and increased mobility for a global workforce.
Thoughts around threat landscapes commonly prioritize corporate and governmental networks assets as high priorities, with personal networks and resources as lower-level threats. However, there have been recent changes that have caused the reassessment of prioritization levels at times. As a result of the COVID-19 pandemic, the number of individuals who work from home has greatly increased. In fact, Stanford researcher Nicholas Bloom places the percentage of people currently working at home at over 40%.
Ransomware attacks are on the rise – and they are getting more and more sophisticated and destructive. That is bad news for executives struggling to maintain a high level of cybersecurity even as their organizations continue to cope with the massive impact of a pandemic.
The Cybersecurity and Infrastructure Security Agency (CISA) has consistently observed Chinese Ministry of State Security (MSS)-affiliated cyber threat actors using publicly available information sources and common, well-known tactics, techniques, and procedures (TTPs) to target U.S. Government agencies.
