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Williams Dr. Darren Williams , CEO, BlackFog Lesser-known ransomware groups like Hunters International will grow rapidly, leveraging AI for more efficient attacks, while “gang-hopping” by cybercriminals complicates attribution and containment. While cloud offers flexibility, it introduces new cyberrisks.
Digitaltransformation: The integration of IoT, SCADA systems, and advanced analytics has increased operational efficiency but also expanded the attack surface. A report from 2023 revealed that 67% of energy and utility companies faced ransomware attacks, with many incidents exploiting unpatched vulnerabilities.
Speed is what digitaltransformation is all about. Teeming threat landscape Security leaders’ key priority is reducing exposures to the cyberrisks they know are multiplying. Organizations are increasingly outsourcing IT workloads to cloud service providers and looking to leverage IoT systems.
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 ransomware attack. They used very nation state-like tactics, from a ransomware perspective,” Schiappa told me.
INDIANAPOLIS–( BUSINESS WIRE )– Pondurance , a leader in Managed Detection and Response (MDR) services, today launched CyberRisk Assessments powered by MyCyberScorecard. Roadmaps to cyber resilience. Interactive reporting that is easy to export and effectively communicate to senior management. About Pondurance.
The challenge of embracing digitaltransformation while also quelling the accompanying cyberrisks has never been greater for small- and mid-sized businesses. Somehow SMBs must keep pace competitively, while also tamping down the rising risk of suffering a catastrophic network breach.
By no means has the cybersecurity community been blind to the complex security challenges spinning out of digitaltransformation. Consider how ransomware has thrived in the transitional environment we’re now in, and how cyber espionage and cyber warfare have come to factor into geopolitical power struggles.
Covid 19 turned out to be the best digitaltransformation initiative ever,” Cornell says. “It Phishing scams, supply chain attacks and ransomware extortion — all pivoting, in one way or another, off the shifting operating environment – spiked. At the moment, a lot of organizations are in this boat.
In this Spotlight podcast* we’re joined by Andrew Jaquith, the CISO at QOMPLX to talk about how the COVID pandemic is highlighting longstanding problems with cyberrisk management and cyber resilience. Ransomware’s Dangerous Rise. Andy is an amazing resource on all matters cyber security.
Given the connectivity needs of a remote workforce – and knowing a hybrid workforce is here to stay – many IT teams have had to make sudden changes in the way workers connect to corporate systems that could introduce new cyberrisks and vulnerabilities. . This means staying one step ahead of the next potential threat.
Evolution and Updates: The IATA has regularly updated its guidance to reflect emerging threats, including ransomware, supply chain vulnerabilities, and advanced persistent threats. Recent amendments have focused on addressing vulnerabilities linked to digitaltransformation in aviation, such as the use of cloud technologies and IoT devices.
Taking a Proactive Approach to Mitigating Ransomware Part 1: You Can’t Neglect the Application Layer ltabo Wed, 12/06/2023 - 18:42 Ransomware continues to dominate cybersecurity news. Recovery costs for ransomware attacks have also continued to increase year-over-year, up 30% from 2022 to 2023.
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.
Like years past, 2021 revealed more of the same for the cybersecurity industry—more breaches, bigger ransomware attacks, higher stakes. One respondent said, “security is not only a business expense, but it’s a valid business need and [must] be funded appropriately to defend against ransomware and sophisticated threats.”
. » Related Stories NotPetya Horror Story Highlights Need for Holistic Security Podcast Episode 111: Click Here to Kill Everybody and CyberSN on Why Security Talent Walks How DigitalTransformation is forcing GRC to evolve. In this episode of the podcast (#117), we go deep on one of the hottest sectors around: cyber insurance.
A continued shift to remote working highlighted the importance of security in an era of digitaltransformation, and hopefully, business leaders have taken onboard the critical need for effective online protection, particularly where email security is concerned.
Some saw this as a typical ransomware attack, albeit on a vulnerable target. So we have to be a little pragmatic also when it comes to drawing boundaries… as digitaltransformation takes over OT, OT and IT get closer together.” ” When it comes down to it, “OT is a production element.
Zero Trust can help enterprises become more resilient, reduce cyberrisk, and drive digitaltransformation initiatives to move their business forward when done in the right way. The ideal security strategy against ransomware must start with a Zero Trust model. Implementing Zero Trust.
Where is the real risk? Accepting Open Source Risk. Accepting cybersecurity risk has become the norm for organizations. Even with extensive firewalls, IDS, email security, zero-trust, ransomware, identity threat, and business email compromise protection, attacks still have a substantial financial impact on organizations.
Even with ransomware costing billions of dollars in losses and cyber insurance claims, organizations are still impacted beyond the checkbook. Highly experienced cybersecurity experts, experienced personnel with a cyberrisk management background, and professional engineers who understand physical infrastructure are in huge demand.
IAM solutions have emerged as linchpins in mitigating cyberrisks, ensuring that only authorized individuals can access sensitive systems and data. Compliance-oriented initiatives have been instrumental in catalyzing the adoption of advanced IAM frameworks to ensure regulatory adherence.
Secure web gateway (SWG) solutions help keep enterprise networks from falling victim to ransomware , malware , and other threats carried by internet traffic and malicious websites. Secure web gateways, then, provide fast, secure access to the Internet and SaaS, making digital business a safe and productive experience.
IAM solutions have emerged as linchpins in mitigating cyberrisks, ensuring that only authorized individuals can access sensitive systems and data. Compliance-oriented initiatives have been instrumental in catalyzing the adoption of advanced IAM frameworks to ensure regulatory adherence.
In this Spotlight edition of the podcast, sponsored* by RSA Security, we go deep on public sector cyberrisk with two interviews from the most recent RSA Conference: Kelvin Coleman, the Executive Director of the National Cyber Security Alliance (NCSA) and Sean McHenry, the CISO of the Utah State Board of Education.
It fuels innovation, drives customer loyalty, and underpins successful digitaltransformation. The Thales 2024 Trust Index report indicates that 87% of consumers expect vendors to respect their digital rights, which leads to trusted relationships. Thales can help you to comply with the evolving legislative landscape.
The Rise of Ransomware. 2021 saw some of the most damaging ransomware breaches in recent history. While it’s certainly not new, ransomware has seen a steep increase in frequency and sophistication this past year. For cyber actors, it’s a lucrative cyber attack option that can be delivered in various ways.
It fuels innovation, drives customer loyalty, and underpins successful digitaltransformation. The Thales 2024 Trust Index report indicates that 87% of consumers expect vendors to respect their digital rights, which leads to trusted relationships. Thales can help you to comply with the evolving legislative landscape.
The speed with which companies had to digitallytransform their businesses during the pandemic has increased their cyber vulnerabilities. CSPM also provides educational videos so employees are made aware of how to defend themselves from cyber-attacks. Small and medium sized enterprises caught in the cross hairs.
Security leaders face the challenge of managing a vast, interconnected attack surface, where traditional approaches to managing cyberrisk are no longer sufficient. Modern threats exploit vulnerabilities across domains, requiring a more holistic approach to avoid operational disruption, safety risks and financial losses.
In a world of remote working and digitaltransformation, cyberattacks and compliance failures are on the increase. A perfect cyber pandemic storm is forming, and threat actors have an opportunity. #3. Another popular form of cyberattack that’s risen in frequency, sophistication and severity this year is ransomware.
MSPs experienced rising liability due to dynamic risk as they became the gateway for supply chain attacks over the past few years. Even worse, the initial ransomware attack isn’t the only problem. You can check boxes and legally claim you have a product, but the actual risk reduction and implementation can vary.
Lockbit will continue to lead the pack Lockbit are currently the world’s most prolific ransomware group, which can be determined by looking at the activity levels on various groups’ data leak sites. Taking this approach allows the group to speed up the process of an attack, given destructive malware is less complicated than ransomware.
Weak Credentials: Weak passwords are easier to guess or crack, allowing cybercriminals to steal data or spread malware, such as ransomware. Like many of the other ASM tools, Mandiant monitors network infrastructure continuously to detect exposures and ensure a smooth transition during cloud adoption and digitaltransformation.
The cybersecurity skills gap has continued to be a problem – one that’s only gotten worse due to the pandemic and digitaltransformation that most organizations recently experienced. A recent study found that the average cost saving from preventing a ransomware attack is $396,675.
Ransomware Targets Critical Infrastructure: Ransomware attacks will increasingly focus on critical infrastructure, including healthcare, utilities, and transportation, leading to potentially catastrophic consequences. 'The
Just like in previous years, 2024 is set to test practitioners’ skills as the frequency of cyber threats continues to surge leaving no room for complacency. DigitalTransformation In 2024, several trends are expected to shape the landscape of digitaltransformation. Here are my predictions for 2024.
What’s more, he comprehensively lays out why ransomware and deep fake campaigns are likely to endure, posing a big threat to organizations in all sectors for the foreseeable future. I had the chance to interview Cunningham about the big takeaways he hopes Cyber Warfare imparts.
The Rise of Ransomware. I never thought I’d live to see the day where ransomware was a common household term. You know it’s getting bad when your great aunt calls to chat about the increase in ransomware and what it means for our nation’s security ! Your People are Your First Line of Defense.
Rogers made his remarks as part of a panel discussion on securing digitaltransformation moderated by Infosys CISO Vishal Salvi. Here are a few key takeaways I came away with: Rising cyber exposures Enterprises today are engaged in a struggle to balance security and agility. It was a wide-ranging, eye-opening discussion.
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