The 2016 Cost of Data Breach Study: Global Analysis Benchmark research conducted by Ponemon Institute shows that the average total cost of a data breach for the 383 companies in 12 countries participating in the research increased to $4 million from $3.79 million in the previous year.
The Snowden revelations about the interception capabilities of NSA and partner agencies have prompted infrastructure owners and service providers, along with regular users, to make sure that data flows and is stored in an encrypted form.
Established companies like LinkedIn, Tumblr and MySpace are being run through the mill because of old security breaches that recently surfaced on the web. From a victim’s perspective, mitigation starts with a password reset, but what’s happening on the corporate side? How should companies react in full breach era to clean up the mess and regain clients’ credibility?
Recent cybersecurity incidents have left organizations and companies struggling to implement the necessary resources to minimize IT risks, regardless of how much security budgets have increased. More than 71 percent of organizations fear zero-day attacks and strongly believe they’re the most serious threats, and over 74 percent believe that it’s likely and very likely that their organization will be hit by an APT (Advanced Persistent Threat).
The Internet of Things will soon become the biggest vector of attacks on companies, as the number of connected devices is set to reach between 20 billion and 50 billion units by 2020.
The Internet of Things and quantified-self movements have led to an explosion of interesting gadgets for consumers and households, and we've detailed the types of IoT vulnerabilities and attacks in smart homes in our latest research paper.
Who doesn’t like free stuff? Getting software that you don’t have to pay for is great. Unless you do have to pay. In fact, some so-called free software can cost businesses and individuals not only cash, but also precious time and energy that users need to spend trying to remove such programs from their computers.
In 2010, cloud adoption among US small medium businesses (SMBs) was just 5 percent—today, 37 percent are on the cloud, and the percentage will double by 2020, according to Forbes. In the EU, 12% of small and medium-sized enterprises (SMEs) used public cloud computing in 2014, a survey by the European Commission’s Eurostat statistics service says.
Two years ago, the world rushed to say the antivirus industry is dead. I disagree simply because antivirus companies do not exist anymore. I haven’t seen a security company that limits its portfolio to one, traditional security (antivirus) solution. Those who’ve tried are dead and gone, but most of them have morphed into cybersecurity companies.
Every organization has faced the dilemma of convenience over security and most have compromised on either one or the other. While the information security triad of integrity, confidentiality and availability has been regarded as the mantra of CSOs, convenience has constantly played an important role in both productivity and operations.