UK sees one case of fraud every 85 seconds
A new study finds that £95 ($105) is lost to fraud every second in the UK. This is according to analysis by fraud prevention specialist Outseer of all the reported incidents of fraud to Action Fraud -- the UK's national reporting center for fraud and cybercrime -- between 1st July 2021 to 30th June 2022.
The data shows one case was reported to Action Fraud every 85 seconds and reported losses totalled over £3 billion ($3.31 billion) during the 12-month study period.
Cybersecurity fears likely to make businesses Metaverse averse
The virtual world of the Metaverse is already attracting people to attend virtual events and play games. It also has the potential for businesses to make money -- research from McKinsey suggests it could be a $5 trillion industry by 2030.
However businesses are still wary of the additional challenges, particularly with regard to security. New research carried out by YouGov for app security company F5 shows six out of 10 respondents say the Metaverse has introduced security complexities that their organization may not be equipped to address.
How Kubernetes and AI will combine to deliver next-gen services [Q&A]
The popularity of Kubernetes has led to its rapid adoption, but as with any advanced technology, the benefits come alongside challenges.
Being able to take full advantage of the technology means understanding what it can offer and how it fits with other developments like artificial intelligence. We spoke to Tobi Knaup, CEO of independent Kubernetes platform D2iQ, to find out about the current state of Kubernetes and what it promises for the future.
Cybersecurity Awareness Month -- this year it's personal
In what was a far-sighted move back in 2004, the President of the United States and Congress declared October to be Cybersecurity Awareness Month, dedicated to helping individuals protect themselves online as threats to technology and confidential data become more commonplace.
This has now become a regular event on the calendar and the theme of this year's campaign is 'See Yourself in Cyber', aiming to underline the fact that cybersecurity is ultimately about people rather than technology.
How to tell your customers that you've been hacked [Q&A]
The short-term costs of a cyberattack are significant. Investigating and containing a breach, rebuilding IT systems and implementing new security controls, as well as the loss of productivity, can all cause severe financial strain.
However, the long-term costs of a breach are often even more damaging. Enterprises that do not handle an attack well can suffer a number of further consequences, including reputational damage, a loss of customer loyalty and a drop in share prices.
Politically motivated ransomware declines as attackers switch back to old targets
Ransomware operators have turned their attention away from politically motivated attacks focusing on Russia back to their usual targets such as the United States, China, and Israel.
The latest T2 2022 threat report from ESET also shows the total number of RDP attack attempts has declined by a further 89 percent. The likely reasons for the decline are post-COVID return to offices, improved security, and the Russia-Ukraine war.
Almost 19 percent of phishing emails bypass Microsoft Defender
For many organizations, Microsoft 365 has become their default service for email. But for attackers this makes it attractive as a point of compromise.
New research from cloud and email security specialist Avanan shows that the missed phishing rate for Microsoft Defender is 18.8 percent. A previous analysis in 2020 showed 10.8 percent of phishing emails reaching inboxes, so Defender's missed phishing rates have increased by 74 percent.
OpenSilver gains more features and improved performance
A year ago we reported on the demise of Microsoft Silverlight and how OpenSilver offered an alternative for those still wanting to run Silverlight apps.
The OpenSilver developers haven't been idle in the meantime and today sees the launch of version 1.1. This allows 99.99 percent reuse of the Silverlight codebase and also guarantees an almost pixel perfect migration.
Online sellers remain optimistic despite looming recession
A new study shows that online sellers remain optimistic about the current eCommerce market despite consumers cost of living concerns and an impending recession.
The research, from eCommerce helpdesk specialist eDesk and based on a survey of over 200 online sellers in the US, shows that 53 percent of sellers expect to see an increase in online shopping over the next six months.
The benefits of hybrid open-closed source software for smaller companies [Q&A]
Open source has gained enterprise popularity for its decentralized, collaborative approach to software development. By bringing large groups of developers together, it can boost efficiency, visibility and drive the adoption of new technologies.
However, taking a full open-source approach might not be the best fit for smaller enterprises. Dr. William Bain, founder and CEO of ScaleOut Software, cautions that the costs and legal risks associated with going full open source may be too great for smaller software companies. Instead, he recommends a hybrid open and closed-source model, we talked to him to learn more.
New exposure management platform helps businesses manage cyber risks
The average enterprise uses more than 130 cybersecurity point solutions, creating siloed data that is hard for security teams to apply in meaningful ways.
To address this problem, Tenable is launching a new exposure management platform, aimed at giving customers a unified view into their organization's assets and vulnerabilities across the whole attack surface.
DDoS attacks get smaller -- but there are more of them
The amount of DDoS attacks increased by 75.6 percent compared to the second half of 2021, but the average (0.59 Gbps) and maximum (232.0 Gbps) attack sizes each decreased by 56 percent and 66.8 percent, respectively.
New research from Nexusguard shows that single-vector attacks represented 85 percent of all attacks globally in the first half of this year. Of these User Datagram Protocol (UDP) attacks accounted for 39.6 percent, an increase of 77.5 percent from the first half of 2021, the remainder being HTTPS flood attacks.
New tool helps enterprises measure the effectiveness of their security spending
Spending more money on cybersecurity tools doesn't necessarily mean you're less likely to suffer from a cyberattack. Until now though it's been hard to tell whether what you do spend is actually delivering a good return on investment.
Safe Security is today launching a new Return on Security Investment (ROSI) calculator that enables CISOs and CFOs to quantify the reduction in risk for each dollar invested in cybersecurity.
UK sees boost in AI adoption
Use of AI technology in the UK has stepped up since 2016, with 41 percent of companies adopting AI between 2016 and 2019, compared to just a fifth over six years ago.
A new study from Peak shows this puts the UK above the global average of 39 percent for this period, though it's since dropped back closer to the average, and represents an almost fourfold rise in the last ten years, compared to just 2.5 times in the US and three times in India.
37 percent of companies lose over $100,000 to a cyberattack
Cyberattacks can cause significant harm to businesses, not least financial losses. According to recent findings from the Atlas VPN team, 37 percent of companies lose over $100,000 per cyberattack on average.
Some lose even more, with 22 percent of companies suffering significant losses ranging from $100,000 up to $499,999. Cybercriminals stole even more money, between $500,000 and $999,999, from 11 percent of businesses. Lastly, four percent of companies claim to have lost over $1 million after a successful cyberattack. A worrying two percent of businesses say they don't know their actual losses.
Ian's Bio
Ian spent almost 20 years working with computers before he discovered that writing about them was easier than fixing them. Since then he's written for a number of computer magazines and is a former editor of PC Utilities. Follow him on Mastodon
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