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 11th iteration of the Building Security In Maturity Model reflects how organizations are adapting their software security efforts to support modern software development paradigms
September 17, 2020
Synopsys, Inc. published BSIMM11, the latest version of the Building Security In Maturity Model (BSIMM), created to help organizations plan, execute, measure, and improve their software security initiatives (SSIs). BSIMM11 reflects the software security practices observed across 130 firms from multiple industry verticals including financial services, FinTech, independent software vendors, cloud, health care, Internet of Things, insurance, and retail.
The Data Governance Trends Report, by Egnyte, highlights how the COVID-19 pandemic has forced CIOs to reimagine data governance plans in the context of remote-first (and remote-only) working conditions. It reveals new and emerging security threats associated with the work-from-everywhere paradigm, and digs into the strategies companies have adopted (and plan to adopt) to keep up.
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.
An independent study surveying IT security leaders in the U.S. and U.K. found that 93% of those surveyed said that their organisation had suffered data breaches through outbound email in the last 12 months. Rising outbound email volumes due to COVID-19-related remote working and the digitization of manual processes are also contributing to escalating risk.
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.
This month in Security magazine, we bring you our 2020 Most Influential People in Security annual report, where we highlight 22 industry leaders, their path to security, careers, goals and guidance for future security professionals. Industry experts discuss the evolution of ransomware, houses of worship security, cybersecurity standards, security careers in investigations and the unifying power of security. Diane Ritchey, past Editor-in-Chief, says goodbye and thank you to our readers.