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.
vpnMentor’s research team recently received a report from an anonymous ethical hacker about a massive data leak exposing users of over 70 adult dating and e-commerce websites from around the world.
The U.S. Department of Veterans Affairs (VA) Office of Management announced a data breach involving the personal information of approximately 46,000 Veterans.
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.
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%.
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.
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