Sourced from International IDEA The Hiscox Cyber Readiness Report 2021 provided some concerning statistics and facts about the impact of cyber-crime. It is a game, and it is one that Hiscox fundamentally believes no business should leave to chance. Multiple threat vectors and variable threat actors, and, perhaps most worrying – repeated attacks on companies by cyber-crime pose a serious risk to organisations small and large alike. One-in-six of all firms attacked this year (17%) said the impact was serious enough to ‘materially threaten the solvency or viability of the company’. According to Anna Collard, SVP Content Strategy & Evangelist at KnowBe4 AFRICA, the report underscores the immense challenge that organisations face when it comes to securing the business and the people within ...
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Image sourced from Shutterstock. As the global workforce largely shifted to work-from-home in response to the COVID-19 pandemic, reliance on online services soared. Many businesses were able to successfully pivot to this new normal as remote connectivity allowed access to vital systems and data. But as is often the case, no good deed goes unpunished. As the latest NETSCOUT Threat Intelligence Report shows, cybercriminals have exploited new vulnerabilities created by remote work across a wide variety of vertical industries. Making matters worse, perpetrators no longer have to be particularly technology-savvy in order to pull off attacks. Today, it is easy and relatively inexpensive to access sophisticated attack tools via for-hire services: A cottage industry has sprung ...
Sourced from Forbes Check Point Research (CPR), the Threat Intelligence arm of Check Point Software Technologies Ltd., a leading provider of cybersecurity solutions globally, warns of a further increase in cyberattacks and thinks it could be partly down to major powers leaking, what they refer to as, ‘cyber superweapons’. “We have long warned that organisations of all sizes are being bombarded by a global fifth generation of cyber threats (Gen V). These are multi-vector cyber threats that can cause fatal damage and irreparable harm to the reputation of the compromised company,” said Pankaj Bhula, Regional Spokesperson at Check Point Software. “However, most companies are only secured against what we call third-generation threats (Gen III), which are threats that we’ve known about since the...
Stefan van de Giessen, General Manager: Cybersecurity at Networks Unlimited. Networks Unlimited is applying a ‘broken window, broken business’ principle when looking at an organisation’s internal cybersecurity posture, in order to have a positive effect on its business processes. The moral of the ‘broken window’ story, which has been studied by psychologists, is that once a window in a building is broken, people then feel that they are able to damage the property even further, and ultimately loot and steal from it, with impunity. “When we put this into a cybersecurity context,” says Stefan van de Giessen, General Manager: Cybersecurity at Networks Unlimited, “this means, in essence, making sure that you have no ‘broken windows’ or gaps in your security through which uninvited elements coul...