Better Cybersecurity Starts with Fixing Your Employees’ Bad Habits

Better Cybersecurity Starts with Fixing Your Employees’ Bad Habits

Cybercrime is here to stay, and it’s costing American firms a lot of money. The average annualized cost of cybercrime for global companies has increased nearly 62% since 2013, from $7.2 million to $11.7 million. And these are just the average direct costs. Target, which experienced a massive data breach in 2013, reported that the total cost of the breach exceeded $200 million. Verizon, which recently purchased Yahoo, may have snagged a $350 million discount because of three large-scale Yahoo data breaches that occurred…

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60 Cybersecurity Predictions For 2018

60 Cybersecurity Predictions For 2018

Like death and taxes, there are only two safe predictions about cybersecurity in 2018: There will be more spectacular data breaches and the EU General Data Protection Regulation (GDPR) will go into effect on May 25. But as the continuing digital transformation of our lives entails the ongoing digital transformation of crime, vandalism and warfare, 2018 could also bring a lot of new takes on old vulnerabilities, some completely new types of cyberattacks, and successful new defenses. The following list of 60…

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Imgur says 1.7M emails and passwords were breached in 2014 hack

Imgur says 1.7M emails and passwords were breached in 2014 hack

Image-hosting site turned meme social network, Imgur, is the latest tech service to ‘fess up to a security breach. In a blog post Friday it revealed that hackers had compromised its systems in 2014, with ~1.7M emails and passwords affected. No additional information was apparently compromised in the breach. “Imgur has never asked for real names, addresses, phone numbers, or other personally-identifying information (“PII”), so the information that was compromised did NOT include such PII,” it emphasizes. While the hack…

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VMware eyes cloud opportunity in APAC

VMware eyes cloud opportunity in APAC

The company’s top Asia-Pacific executive sheds light on how the virtualisation pioneer is tackling the region’s diverse market in the cloud era. Like most enterprise IT suppliers, virtualisation pioneer VMware has had to face the same disruptions from public cloud services that more organisations are now using to run enterprise workloads, even mission-critical ones that can make or break a business. While it is still a key provider of the plumbing and other software smarts that enterprises use to run their…

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Healthcare organisations are ramping up investments in cyber security, says Infoblox

Healthcare organisations are ramping up investments in cyber security, says Infoblox

In a country where 26% of healthcare organisations are willing to pay ransom to hackers and 23% of IT professionals are not confident in their organisation’s ability to respond to a cyber-attack, one may deduce that the healthcare sector is virtually losing the battle against cyber criminals. Add to that the fact that 20% of networks at healthcare organisations run legacy operating systems like Windows XP which has been unsupported since April 2014, as well as the fact that only…

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Cybersecurity more of a threat than Brexit

Cybersecurity more of a threat than Brexit

In a survey by Barclaycard earlier this year, it was discovered that small-to-medium enterprises are more afraid of cybercrime than of Brexit. That comes as no surprise, really. At this stage, Brexit is little more than an amorphous fog of political uncertainty, where all we really know is that ‘Brexit means Brexit’ and negotiations appear to be difficult. Cybersecurity and financial fraud, on the other hand, feels like it comes with more tangible consequences that hang over the heads of…

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Not good: Ransomware is cheap to buy and developers are well paid

Not good: Ransomware is cheap to buy and developers are well paid

This fact rarely comes out on Law & Order, but for some crime pays. And pretty well. A report by Carbon Black that studied 21 of the largest dark web markets in August and September 2017 found that some of those who develop and sell ransomware can haul in as much, if not more, than a law-abiding software developer and overall ransomware sales on the dark web are skyrocketing. Other findings include that for the period ransomware sales totaled about…

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Endpoint, cloud, people key to future cyber security, says McAfee

Endpoint, cloud, people key to future cyber security, says McAfee

Endpoint devices, the cloud and people will be the security control points of the future, according to the chief of security firm McAfee. Looking to the future of cyber security, endpoints will be redefined, becoming devices of many different kinds, predicts Chris Young, CEO of McAfee. “Those devices will increasingly connect to applications that are running in the cloud, which will be the key control points for your cyber security architecture,” he told the opening session of the MPOWER Cybersecurity…

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A Nobel-Winning Solution to Cyber Security

A Nobel-Winning Solution to Cyber Security

Professor Richard Thaler this week collected a Nobel Prize for his insights into behavioral economics—the idea that, contrary to economic theory, humans are not rational actors when it comes to financial decisions, but can be nudged to make better choices. The most famous application of Thaler’s insight is a law that encourages firms to automatically enroll workers in 401K plans rather than require them to sign up. This simple nudge has dramatically increased the amount that tens of millions of…

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Energy Sector Ups Cybersecurity Amid Growing IT Threats

Energy Sector Ups Cybersecurity Amid Growing IT Threats

The energy sector is sharpening its focus on cybersecurity amid growing concerns about IT threats. The digitization of the grid and the proliferation of renewable energy create opportunities for hackers that haven’t been fully explored. Even in the last few weeks, several notable clean energy companies have taken steps to reduce the risk of a breach. Hackers might target renewable energy companies for the fun of it or to hold plant operations for ransom, said Menelaos Ioannidis, chief technology officer at Lightsource…

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