Senior-level executives at some of the UK’s biggest companies still do not fully understand the potential impact of a cyber attack according to a report from the Department for Digital, Culture, Media & Sport.
Report
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More than 59,000 data breach notifications have been reported across the European Economic Area by public and private organisations since the General Data Protection Regulation – GDPR – came into force back on 25th May 2018.
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Senior executives are still often the ‘weakest link’ in the corporate cyber security chain and encourage cyber criminals to target their vulnerabilities to commit serious data breaches. A new report from outsourced infrastructure and data storage specialist The Bunker reveals many senior executives ignore the threat of hackers and cyber criminals, and often conceitedly feel that security policies in their organisations ‘do not apply to their unique position’.
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Security heads say operational/productivity loss and negative customer experience and data theft are now primary impacts of cyber attacks – 86% looking at AI/ML to aid fightback.
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Internet of Things – IoT – devices are have become cyber criminals’ top attack target, and now surpass web and application services, and email servers as attack targets.
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Some 60% of European organisations suffered two or more business-disrupting cyber attacks – causing data breaches and/or disruption/downtime to business operations, plant and operational equipment – in the last 24 months. Some 91% of respondents to a study from the Ponemon Institute, on behalf of cyber exposure management provider Tenable, suffered at least one such […]
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Ransomware attacks on organisations have grown significantly over the last 12 months, according to Verizon’s 2018 Data Breach Investigations Report being presented at it-sa 2018 this week. Employees are falling victim to social attacks, such as financial pretexting and phishing, which represent 98% of social incidents and 93% of all breaches analysed by the report. […]
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Sectors such as healthcare have a driving need for action in IT security – and are also doing more than other industries to increase their investments in better protected IT infrastructure, according to new research from the it-sa 2018 IT security expo and congress (October 9-11, Nuremberg).
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The 2018 IT Risks Report from Netwrix has found that while 50% of UK respondents consider external hackers as ‘the most dangerous threat actors’ in terms of being the source of a potential data breach, the response results indicate that ‘insiders’ are the cause of security incidents in 73% of cases.
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The latest edition of Verizon’s Payment Security Report has identified a ‘concerning downward trend’ for companies to fail compliance assessments and – perhaps more importantly – not maintaining full compliance with necessary standards. The Payment Card Industry Data Security Standard (PCI DSS) helps businesses that offer card payment facilities protect their payment systems from cyber […]