Ransomware affects 90 percent of companies in the past year
Despite increased spending on cybersecurity, a new report reveals that 90 percent of organizations were affected by ransomware in some way over the past 12 months, up from last year's 72.5 percent.
The study from SpyCloud shows that security efforts are being stepped up, the number of organizations that have implemented or plan to implement multi-factor authentication jumped 71 percent, from 56 percent the previous year to 96 percent. Monitoring for compromised employee credentials also increased from 44 percent to 73 percent.
How AI and computer vision can help retailers to compete [Q&A]
The rise of online retail coupled with the pandemic have brought about some unprecedented changes to the retail landscape in recent years.
But as consumers now start to venture back into stores, how can retailers make use of technology to effectively compete with their online counterparts and with other brick-and-mortar businesses?
Security and compliance issues hold back innovation
Three quarters of C-suite executives responding to a new survey say that compliance challenges and security challenges limit their company's ability to innovate.
The study from software delivery platform CloudBees also shows executives overwhelmingly favor a shift left approach, a strategy of moving software testing and evaluation to earlier in the development lifecycle, placing the burden of compliance on development teams.
Three-quarters of organizations have suffered an API security incident in the last year
Over three-quarters (76 percent) of respondents in a new survey have suffered an API security incident in the last 12 months, primarily caused by dormant/zombie APIs, authorization vulnerabilities, and web application firewalls.
The research from Noname Security also shows that 74 percent of cybersecurity professionals don’t have a complete API inventory or know which APIs return sensitive data.
Why virtualization is making enterprise data warehouses obsolete [Q&A]
For many years the database has been at the heart of enterprise IT. But the shift to the cloud has led to massive challenges with migrations proving both slow and expensive.
A different way to approach this is to use virtualization, allowing existing applications to run on any modern cloud platform without being rewritten or replaced. We spoke to Mike Waas founder and CEO of Datometry, a SaaS database virtualization platform, to find out more.
Employees take risks to avoid login hassles
A new report from 1Password reveals that 43 percent of employees admit to risky online behaviors such as sharing logins, offloading tasks to others, or even abandoning certain tasks altogether to circumvent complicated login procedures.
Having to remember multiple logins heightens stress levels and strains mental health according to 41 percent of respondents. While 37 percent say that the onboarding process at their current job was time-consuming, confusing or challenging when it came to logging into work-related accounts.
US businesses unprepared for rise in cyberattacks
The average US business faces around three successful cyberattacks each year, and while most agree that attacks are set to increase, 32 percent still lack a management platform for IT secrets, like API keys, database passwords and privileged credentials, posing a significant risk to organizational security.
A new US Cybersecurity Census Report from Keeper Security shows most organizations think they're prepared to fend off cyberattacks, with 64 percent of respondents rating their preparedness at least an eight on a 10-point scale and 28 percent rating themselves as a 10/10.
Organizations are being overwhelmed by cloud complexity
As the move toward cloud-native architectures accelerates, the data generated outstrips the ability of current solutions to produce meaningful analytics, according to a new study.
The survey, from software intelligence company Dynatrace, of 1,300 CIOs and senior cloud and IT operations managers in large organizations, shows 71 percent of CIOs say the explosion of data produced by cloud-native technology stacks is beyond human ability to manage.
The Great Resignation linked to a great data theft
We've all heard of the Great Resignation, a pandemic-driven shift in people's work preferences. But new research from Cyberhaven suggests that this has gone hand-in-hand with a huge stealing of data.
Based on anonymized details from over 1.4 million workers and spanning 360,000 data exfiltration incidents and a broad sample of companies, including 11 percent of the Fortune 100, it reveals data ranging from customer information to software source code being exfiltrated in large volumes.
Organizations falling short in addressing security risks
According to 90 percent of IT security leaders their organizations are falling short in addressing cybersecurity risks.
Research from Foundry finds that this perception comes from a number of issues including convincing all or parts of their organization of the severity of risk (27 percent), and believing their organization isn’t investing enough resources to address risks (26 percent).
Vulnerability backlogs are too time-consuming to address
Organizations are losing thousands of hours in time and productivity dealing with a massive backlog of vulnerabilities that they have neither the time or resources to tackle effectively, according to a new report.
The State of Vulnerability Management in DevSecOps report from vulnerability management platform Rezilion and the Ponemon Institute, shows 47 percent of security leaders report that they have a backlog of applications that have been identified as vulnerable.
SMBs hardest hit by ransomware
A new report from cyber risk insurance provider Coalition shows that while overall incidents are down, and ransomware attacks are declining as demands go unpaid, smaller businesses have become bigger targets.
In the first half of 2022, the average cost of a claim for a small business owner increased to $139,000, 58 percent higher than levels during the first half of 2021.
DDoS attacks on financial firms increase during Ukraine war
DDoS attacks made up 25 percent of the cyber incidents submitted to the UK's Financial Conduct Authority in the first half of 2022, compared to just four percent in 2021.
Analysis by attack simulation specialist Picus Security of information obtained from the FCA under a freedom of information request shows the rise also coincides with a reported increase in DDoS for hire websites and ransomware operators using DDoS as a tactic to pressure and extort money from targets.
Public cloud security gaps expose business critical assets
The public cloud has been widely adopted by organizations of all sizes, but a new report from Orca Security reveals some alarming shortcomings in security.
Among the key findings, 72 percent of organizations have at least one Amazon S3 bucket that allows public read access, and 70 percent have a Kubernetes API server that is publicly accessible.
New tool helps businesses balance innovation and reliability
Many companies are currently undertaking digital transformation projects, but while customers are quick to embrace the benefits of a customer experience reshaped by technology they have little patience when that technology doesn't work as expected.
To allow teams to define, monitor and manage modern app stacks to ensure they meet service level objectives (SLOs), Sumo Logic is launching a Reliability Management tool.
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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