British authorities have slapped the cuffs on four suspects linked to the Marks & Spencer cyber attack that disrupted its Click and Collect services, costing the company over $300 million.
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.
From Uber to MailChimp, even the most technologically advanced and capable companies seem to struggle with keeping sensitive data safe and secure. And much of it comes down to one major data security pitfall – authorization oversight.
85% of business leaders in a new study believe that their public facing APIs and web applications have fallen victim to automated attack from malicious bots.
With autonomous vehicles gaining mainstream attention, the challenges that come with the tech are being scrutinized. The biggest of these is the threat of hacking.
The average cost of data breach has hit an all-time high, up almost 10% from last year to $4.24 million. That average cost increases greatly when remote workers are involved (to $4.96 million).
The SITA incident is a very significant supply chain attack, with a number of major airlines reporting that their frequent flyer programs were compromised as a result of the breach.
Car rental company Avis has suffered a data breach impacting nearly 300,000 customers after an unauthorized third party accessed a business application.
The increasing spread of wiper malware is a stark reminder of the dangerous landscape organisations face when protecting their data. A solid, well-managed data backup and recovery plan is the key to ensuring data safety in the face of today’s growing array of threats.
Litigation against corporate board members and C-level executives for data privacy and security claims is on the rise. Recently, plaintiffs have targeted corporate board members and C-level executives alleging that their data privacy–related claims result from a breach of fiduciary duties.
The McHire AI bot was created by Paradox.ai, which claims that 90% of McDonalds franchisees make use of it in their hiring pipeline. Hacking it apparently did not require any amount of technical knowledge at all, merely trying “123456” as an administrator password.










