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Cyber Security

Cyber criminals, state-sponsored hackers and even the occasional disgruntled employee are constantly looking to gain unauthorized access for a variety of purposes: theft of money, cyber espionage, personal information for sale or for use in scams, and damage to critical infrastructure for just a few of the most common.

 

So how does an organization mitigate an entire world full of continual cyber attacks? Just as buildings have a number of necessary elements of physical security: access control, cameras, alarms and so on; there are similar key elements of cyber security that are absolutely vital for just about any modern business.

 

It starts with identifying and closing the most common doors that attackers use. For example, phishing attacks on employees are far and away the most common initial point of entry. The breach of even a low-level employee account can quickly turn into an escalation in access privileges and the ability to reach sensitive information. This is also true of smart devices, which are generally more poorly secured than computers and phones.

 

Woman doing calculation of cost of data breach
Cyber SecurityNews

IBM Annual Cost of Data Breach Report 2022: Record Costs Usually Passed On to Consumers, “Long Breach” Expenses Make Up Half of Total Damage

August 1, 2022
The global average cost of data breach is now $4.35 million, a climb of 13% since 2020. Much of that are expenses realized more than a year after the attack, and most organizations (60%) are passing these added costs on to consumers in the form of higher prices.
Read More
Marble columns of the US Supreme Court showing data breach of federal courts records system
Cyber SecurityNews

Data Breach of Federal Courts Dates Back to Early 2020; Details of Compromise of Records System Closely Guarded

August 1, 2022
Data breach on the US federal courts record systems involved "three foreign hostile actors" and the attack was "startling in breadth and scope" and may have had a "staggering" impact on the Department of Justice.
Read More
Businessman chooses the padlock icon showing data breaches and security culture
Cyber SecurityInsights

We’re Spending Billions Each Year on Cybersecurity. So Why Aren’t Data Breaches Going Away?

August 1, 2022
Why despite the fact that businesses and governments spend billions of dollars to fight cyber attacks are businesses continuing to fall prey to data breaches? Companies must build and sustain a strong security culture.
Read More
Man holding credit card and using mobile phone to pay showing online payment fraud
Cyber SecurityNews

Juniper Research Warns Global Online Payment Fraud Losses Will Exceed $343 Billion in 5 Years

July 29, 2022
Researchers warn that financial institutions must innovate to prevent online payment fraud losses, which are expected to exceed $343 billion between 2023 and 2027.
Read More
Cooks in restaurant finishing dish showing response to security incident
Cyber SecurityInsights

Tying the Knot: IT Operations and Security

July 29, 2022
When an organisation is attempting to contain a security breach, there is no such thing as too many cooks – but instead, too many siloed cooks. Cutting through the silos will allow for more robust security and enable agility across areas of a business that are, in fact, complementary to each other.
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Businessman typing on keyboard to input username and password showing authentication methods for financial institutions
Cyber SecurityNews

80% of Financial Institutions Had a Breach Due to Legacy Authentication Methods, but Most Refuse to Upgrade

July 28, 2022
Researchers found that although 80% of financial institutions suffered data breaches per year from vulnerabilities in their authentication methods, 64% refused to upgrade.
Read More
Man uses laptop to analyze detection and response
Cyber SecurityInsights

Chaos Versus Clarity – Why Context Is Needed for Security

July 28, 2022
The only way to truly understand and react appropriately to a security event is with context. Without context in detection and response, alerts become noise. Context lends a level of intelligence that aids in proper, proactive response.
Read More
Boy looking at tablet screen showing data breach of virtual pet website Neopets
Cyber SecurityNews

Data Breach on Virtual Pet Website Neopets Affected 69 Million Users and Leaked Source Code

July 27, 2022
Neopets virtual pet website suffered a data breach that allowed hackers to access the platform's source code and personal information of 69 million users. Hacker continues to maintain access after confirmed data breach.
Read More
Man typing on keyboard with virtual search engine showing ransomware gangs data leak site allow search for stolen data
Cyber SecurityNews

“Innovations” Continue for Ransomware Gangs as Specific Stolen Data Becomes Searchable on Data Leak Sites

July 26, 2022
Since June, some ransomware gangs have begun incorporating search functions into their data leak sites, making stolen data more accessible to put added pressure on victims.
Read More
Fleet of commercial lorry trucks in row showing vehicle GPS tracker with hard-coded password vulnerabilities
Cyber SecurityNews

Hard-coded Password in Popular Vehicle GPS Tracker Allows for User Impersonation, Remote Execution of Commands

July 26, 2022
MiCODUS MV720 vehicle GPS tracker has sold some 1.5 million units across 169 countries and used in military vehicles, government cars, etc. Of the six serious vulnerabilities, one is a hard-coded password that allows anyone to send commands to the GPS units.
Read More
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