A shakedown is happening in the financial world. The traditional banking giants are struggling to retain customers, and an emerging market of fintech companies are collecting them en masse. In 2017, 13 fintech startups were valued at $1 billion or more, an achievement so rare that Silicon Valley classifies it as unicorn status. A growing industry, … Read more
The majority of hackers claim they can breach an organisation within hours, while most security professionals admit they do not know what to look for. The majority of cyber attackers (71%) can breach a targeted organisation within 10 hours, and 18% claim they could breach a target in the hospitality and food and beverage industries … Read more
Cisco’s Tetration-V and Tetration-SaaS give businesses interested in the security-analytics platform the option of a cloud service or software that runs on virtual appliances. Cisco has added new cloud and virtual deployment options for customers looking to buy into its Tetration Analytics security system. Cisco’s Tetration system gathers information from hardware and software sensors and … Read more
The retail sector was the top cyber attack target in 2017, as cyber attacks evolved to become more organised and structured, a report reveals. The retail sector suffered the most breach incidences (16.7%) in 2017 as attackers became more organised, the latest Trustwave security report shows. The retail sector was followed by the finance and … Read more
With large-scale cyber attacks and dangerous vulnerabilities such as WannaCry and Spectre, companies have reached a point where the use of traditional antivirus (AV) technologies are no longer sufficient to effectively protect endpoints from hackers. Why signature-based AV is no longer effective Antivirus technologies have not evolved much over the last fifteen years. Their detection model … Read more
The insecurity of mobile devices and the vulnerabilities of public WiFi networks remain at an all-time high. These days, it’s not uncommon to hear cyber security experts talk about the eroding perimeter. With the advent of mobile and cloud, what was (or at least seemed to be) a clearly defined demarcation point between the private … Read more
Cyber security risks are growing in complexity and volume, but artificial intelligence techniques can help businesses track and fight them in real time. Cyber criminals continue to launch increasingly sophisticated and devastating attacks on industrial, business and financial organisations around the world – and the damage from such crime could reach $6tn by 2021, according … Read more
With threats becoming more complex, moving from basic attacks against one device to complicated attacks against every device on an organisations network, traditional security simply isn’t enough in the age of digitalization. Thinking back 30 years, heads of IT had a comparatively enviable task when it came to cyber security. Although the job was by … Read more
At the beginning of each new year there is no shortage of information security predictions and warnings. As we move further into 2018, Corey Nachreiner, CTO at WatchGuard Technologies takes stock and identifies five key issues to look out for. 1. IoT botnets will force governments to regulate In 2016, the Mirai botnet showed the … Read more
Ransomware attacks on business increased by 90% in 2017, while attacks on consumers leapt by 93%, according to the latest annual state of malware report by security firm Malwarebytes. The monthly rate of ransomware attacks was up to 10 times more than in 2016, with September 2017 having the largest volume of ransomware attacks against businesses ever documented. … Read more
