Cybersecurity News

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As your enterprise virtualizes and leverages cyber technology to speed productivity, the incidence of cybercrime will, of course, increase. Similarly, as your employees’ behavior, as consumers, drives the technology they use (BYOD), the cybercrime cat will continue to be let out of the bag.

Home Depot said that 56 million debit and credit cards are estimated to have been breached in a data theft between April and September at its stores in the U.S. and Canada. 

As critical infrastructure in the United States becomes more dependent on networked systems, such as the smart grid, the electricity industry is at risk for new avenues of attack. 

A computer hacker broke into part of the HealthCare.gov insurance enrollment website in July and uploaded malicious software.

Banks say they are seeing evidence that Home Depot stores may be the source of a massive new batch of stolen credit and debit cards.

Establishing command and control gives the power to professionals so they can properly assess the risks and determine which threats pose the greatest danger and must be considered a high security priority. Authority also requires that they identify potential threats that may be considered “acceptable risks” to the organization – meaning they are worth keeping an eye on, but don’t warrant a significant security investment.

Nearly three in 10 global consumers do not trust retailers to protect stored personal or financial data against cyber risks, and 58 percent think financial institutions do a better job of protecting data than retailers, government agencies or law enforcement.

The report commends partnerships between countries for combating cybercrime, praising public-private partnerships in particular for beginning to show tangible results in terms of fighting cybercrime, such as the partnership of 11 nations to take down a crime ring associated with the GameOver Zeus botnet in June.

The rate of CFOs citing cyber attacks as a key concern has risen sharply over the survey’s four-year history, directly correlating to both the frequency and cost of cyber attacks.