Recent Equifax downgrade surprised Wall street as it’s the first company in history to have ratings outlook downgraded due to escalating litigation and regulatory costs from 2017 data breach and increase in cybersecurity spending.
In yet another blow to Facebook, the latest Instagram breach exposed sensitive data of at least 49 million users when an AWS database was found online without a password for at least 72 hours.
Only 18% of businesses recently surveyed said they have comprehensive cyber insurance coverage, however the gap is not closing with only 27% of insurers having the technological capability to provide a plan to cover cyber risks.
5G technology plus 74 billion IoT devices estimated by 2025, it’s no surprise that IoT security is one of the top concerns keeping many executives up at night.
Fitness devices like Fitbit may no longer be used just for tracking physical health. U.K. researchers are looking into using fitness tracker technology to make people more aware of potential cyber threats and encourage them to take proactive action.
It’s a reality that companies are outsourcing almost every aspect of their operations thus effective vendor risk management is becoming more crucial, how should you do it?
Recent cloud security survey shows that even though businesses have increased their awareness on security threats, 19% still experienced a data breach, with account hijacking being the top attack method.
Magecart cybercrime group appears to have broaden their supply chain attacks to target more sites by going after third-party advertising vendors that works with media or entertainment websites.
Known for their cyber crime product which infected over 41,000 victims in financial institutions, GozNym is going out of business with their key figures across Eastern Europe charged by U.S. federal court.