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The shift to digital experiences and customer service in industries that were historically only brick-and-mortar underscores how rapid digitaltransformation expands the attack surface for cybercriminals. All the new points of sale (POS) and customer touchpoints increase the access points that bad actors can exploit.
Digital Resilience is the New DigitalTransformation KPI. Innovation and digitaltransformation rely on digital resilience to turn business disruption into revenue opportunities. What is Digital Resilience? Digital resilience was a major theme at IDC Directions 2021 in March. Sharon Bell.
Energy management and industrial automation firm Schneider Electric suffered a data breach after a Cactus ransomwareattack. Schneider Electric is a multinational company that specializes in energy management, industrial automation, and digitaltransformation.
The Cactus ransomware gang claims the theft of 1.5TB of data from the Energy management and industrial automation firm Schneider Electric. The Cactus ransomware group claims responsibility for pilfering 1.5TB of data from the Energy management and industrial automation giant Schneider Electric.
"Cybercriminals, on the other hand, are constantly profiling critical infrastructure services, as the attack surface of these services continue to expand with various digitaltransformation initiatives." Halliburton's response to the incident is being closely watched by both the cybersecurity community and the energy sector.
Attacks are becoming more bespoke, government-sponsored threat actors and ransomware as a service, continue to unravel challenging businesses to minimize the time from initial breach to complete compromise, in the event of a compromise. . Digitaltransformation and Zero Trust . Everyone is an insider .
A new report from Sophos dissects how hackers spent two weeks roaming far-and-wide through the modern network of a large enterprise getting into a prime position to carry out what could’ve been a devasting ransomwareattack. A surge in ProxyLogon attacks spiked in February and March and has yet to fully abate.
Related: A primer on advanced digital signatures. PKI and digital certificates were pivotal in the formation of the commercial Internet, maturing in parallel with ecommerce. Clearly, many companies need to get a better grip on PKI management simply to keep from derailing digitaltransformation.
Due to our dependence on the internet for digitaltransformation, most people suffer from the risks of cyberattacks. According to IBM , the cost of cyber hacks in 2020 is about $3.86 But, what is the relationship of languages in data privacy, and how can a reliable translation help prevent cyber-attacks?
Related: The state of ransomware Who knew that much the same thing routinely happens to enterprises? ExtraHop’s finding vividly shows how, as digitaltransformation ramps up, companies really have no clue what moves back and forth, nor in and out, of their networks on a daily basis. But there is a larger lesson here.
A lawsuit working its way through the courts could have a lot to say about the liabilities facing organizations that have been hit by ransomwareattacks – and could have implications for cybersecurity preparation and regulation in general. Hospital’s Operations Hit by Ransomware. Ransomware Liability.
These attacks have proliferated to such a degree that there were 493 million ransomwareattacks in 2022 alone, and 19% of all data breaches were the result of stolen or compromised login credentials.
Sometimes when you are down in the cyberattack trees defending your organization, it can be tough to see the cyber threat forest. And now we have brand new research coming from the EU which unpacks the top cyber threats as they stand now. What are the top cyber threats right now? Ransomware. Cryptojacking.
In one sense, digitaltransformation is all about machines. What’s more, large enterprises, i.e. those with $2 billion or more in annual revenue, are getting hit twice as hard as smaller organizations, when it comes to cyberattacks that exploit anemic protections for machine identities. Everything.
Google seems to have taken a pledge to safeguard the security and digitaltransformation of governments, critical infrastructure managing companies and enterprises-large and small by creating a new cybersecurity advisory team.
Cyberattacks are increasing at an alarming rate, and cybercriminals are devising new tactics to achieve their unscrupulous goals nearly on a daily basis. DigitalTransformation.
The recent network breach of Wipro , a prominent outsourcing company based in India, serves as a stunning reminder that digitaltransformation cuts two ways. However, the flip side is that we’ve also created fresh attack vectors at a rapid rate – exposures that are not being adequately addressed.
A Ukrainian researcher leaked tens of thousands of internal chat messages belonging to the Conti ransomware operation. A Ukrainian researcher leaked 60,694 messages internal chat messages belonging to the Conti ransomware operation after the announcement of the group of its support to Russia. 239 Bitcoin addresses representing ~$13.1
The cybercriminal’s arsenal grows daily, from ransomware and supply chain attacks to advanced persistent threats (APTs) and zero-day exploits. Moreover, the asymmetric nature of cyberattacks exacerbates the problem.
At the onset of the year, we predicted that the top priority for any CISO or CIO will be to manage the risk associated with digitaltransformation and enhance their security programs in order to keep up with new technological complexity. Sophisticated Ransomware . Looking back, that was an understatement! . every 5 seconds ?by
Cyber incidents pose a threat to the stability of the global financial system. The digitaltransformation initiatives have shifted the technology landscape and introduced new threats and risks.
The challenge of embracing digitaltransformation while also quelling the accompanying cyber risks has never been greater for small- and mid-sized businesses. The Colonial Pipeline ransomware debacle and the near poisoning of the Oldsmar, Fla. Related: How ‘PAM’ improves authentication.
State-Backed Tactics Above the Battlefield During the weeks preceding the official invasion of Ukraine, the ReliaQuest Photon Research team observed foreboding signs—among them, military movements along the Ukrainian borders and minor cyberattacks against Ukrainian private and public entities.
In May the US Colonial Pipeline shut its operational network after a ransomwarecyber-attack. It’s said to be one of the costliest attacks for an economy. New details are emerging about the specifics of the pipeline attack all the time but there are a few concerns that every boardroom must acknowledge.
There was a widespread lack of awareness of cybersecurity, with almost half of respondents having either not heard of, or not knowing what ransomware is. If an employee can at least recognise a malicious email, then they will be far less likely to click on a link or open a file or image containing ransomware.
A common thread runs through the cyberattacks that continue to defeat the best layered defenses money can buy. Related: We’re in the midst of ‘cyber Pearl Harbor’ Peel back the layers of just about any sophisticated, multi-staged network breach and you’ll invariably find memory hacking at the core.
Advanced technologies and fresh security frameworks are being implemented to deter cyberattacks out at the services edge, where all the action is. Organizations today must withstand a constant barrage of cyberattacks. Network security is in the throes of a metamorphosis. Related: Automating security-by-design in SecOps.
It’s been wild to see the digitaltransformations happening across all industries over the past few years but think about the progressions when it comes to social media. Enterprises and organizations are not the only ones at risk when it comes to cyber-attacks, and that’s a mentality we need to emphasize.
Like years past, 2021 revealed more of the same for the cybersecurity industry—more breaches, bigger ransomwareattacks, higher stakes. These attacks received global attention and spotlighted the need for even more attention on cybersecurity best practices. Be ready for ransomware.
Ransomware was the number one contributor to stress levels, with 38% admitting their organization had paid a ransom, 46% claiming their data was still exposed by threat actors, and 44% being unable to restore their data, even after the ransom was paid. Digitaltransformation impacting security posture (51%).
It’s difficult to convey the scope and scale of cyberattacks that take place on a daily basis, much less connect the dots between them. Related: The Golden Age of cyber spying A new book by Dr. Chase Cunningham — Cyber Warfare – Truth, Tactics, and Strategies — accomplishes this in a compelling, accessible way.
» Related Stories Spotlight Podcast: Public Sector levels up to tackle Cyber Threats Risk Recordings Podcast with RSA: Exploring Digital Risk in DigitalTransformation Third Party Cyber Risk is growing. Ransomware’s Dangerous Rise. Read the whole entry. » Most Companies aren’t prepared.
The danger of your business being the victim of a successful cyber-attack or data breach is on the rise, thanks to widespread wrong cloud service configuration and increasingly skilled hackers. Cyber intrusions cause outages and lost productivity. When a cyber-attack happens, it causes costly and time-consuming interruptions.
Cyber-attacks have risen from last year with the most common forms of attack being credential theft, phishing, misconfigured cloud, and vulnerabilities in third-party software. How cybersecurity (the market) performed in 2022. How to simplify, maximise returns and work smarter not harder.
Ukraine is recruiting a volunteer IT army of cyber security experts and white hat hackers to launch cyberattacks on a list of Russian entities. Ukraine’s Minister for DigitalTransformation Mykhaylo Fedorov called to action against Russia attempting to create an “IT Army” to launch a massive offensive against Russia.
In last year’s Cybersecurity Conversations Report , we discussed what the massive digitaltransformation resulting from 2020 meant for enterprise cybersecurity. What we did see come to fruition in 2021 was an unprecedented increase in frequency and sophistication of cyber-attacks. Welcome to 2022!
Even with ransomware costing billions of dollars in losses and cyber insurance claims, organizations are still impacted beyond the checkbook. Attacks on the rise. Cyber incidents happen every day. These attacks have driven the cost of cyber insurance premiums higher.
Digital identities have grown exponentially in recent years because of digitaltransformation, mobile adoption, online shopping, and the shift toward remote work and digital collaboration. Assess your identity and access management framework.
IAM solutions have emerged as linchpins in mitigating cyber risks, ensuring that only authorized individuals can access sensitive systems and data. IAM solutions have emerged as linchpins in mitigating cyber risks, ensuring that only authorized individuals can access sensitive systems and data.
On the very first day of the conflict (February 24, 2022), a massive wave of indiscriminate pseudo-ransomware and wiper attacks hit Ukrainian entities. The volume of wiper and ransomwareattacks quickly subsided after the initial wave, but a limited number of notable incidents were still reported.
Cyberattacks like the one that crippled Yahoo! s external site were not recently reissued, allowing cyberattackers to have ongoing access to encrypted communications. Ready to kickstart your digitaltransformation and take control of your machine identities? billion to $4.48 Furthermore, only 2.9%
The healthcare industry has witnessed a rapid digitaltransformation, with hospitals, clinics, and medical practices relying heavily on technology to store and manage patient data, streamline operations, and improve patient care. Patient records, insurance information, and intellectual property are just a few examples.
PAM is an essential component in protecting organizations against data leaks and cyberattacks such as ransomware, malware and phishing. To download a complimentary copy of the KuppingerCole Analysts 2021 “Leadership Compass: Privileged Access Management” report, visit: [link].
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