Malware attacks against UK businesses increase by 500 percent
British businesses are being hit by more malware than ever, new research reveals.
In the wake of the huge WannaCry attack last month, an investigation by cybersecurity experts Malwarebytes found that malware incidents faced by UK businesses increased 500 percent year over year.
Cloud security services will be a $5.9bn market in 2017
Cloud-based security services saw a huge increase during the last 12 months, according to the latest figures from Gartner.
In a new report, Gartner says cloud-based security services will reach $5.9 billion this year, representing a 21 percent growth compared to the year before.
WikiLeaks Vault 7: CherryBlossom files show CIA can hack D-Link, Belkin and Linksys routers into listening devices
Wikileaks has released a batch of documents from the middle of 2012 revealing details of the CIA's CherryBlossom project. A joint venture with the Stanford Research Institute, the CherryBlossom files show how the agency can take remote control of routers and other networking devices from numerous manufacturers, transforming them into listening devices.
CherryBlossom also enables the CIA to interfere with both incoming and outgoing traffic. Passwords present little obstacle in many cases and the fact that remote infection is possible makes the implant very simple to install. The documents reveal how the CIA can home in on a target using information such as MAC address, email address, or even chat handles.
SecureAuth launches improved Office 365 protection
Office 365 is the world's most popular cloud service, but widespread use of the platform also makes it a primary target for cyber attacks. Breaches tied to phishing email scams and lack of strong identity security are accelerating.
Adaptive access control specialist SecureAuth is launching a new enhanced security solution aimed at protecting Office 365 from attack by improving authentication.
Threat intelligence fails to deliver on its promise
A new study by the Information Security Forum (ISF), an independent authority on cyber security and information risk management, reveals that threat intelligence isn't delivering the expected business objectives.
While 82 percent of ISF Members surveyed have a threat intelligence capability, with the remaining 18 percent planning to implement one in the next twelve months, only 25 percent of those surveyed believe their capability is fully delivering.
Attacks on online services cost banks over $1.7 million
A cybersecurity incident involving a bank's online banking services costs the organization $1,754,000 on average, around double the price of recovering from a malware incident.
This is among the findings of Kaspersky Lab's Financial Institutions Security Risks survey released today, which shows that 61 percent of cybersecurity incidents affecting online banking come with additional costs for the institution targeted. These include data loss, loss of brand or company reputation, confidential information leaks, and more.
Enterprise users still relying on weak passwords
Despite moves towards other methods of verification, most enterprises are still using passwords to secure their systems.
But based on results from its password assessment tool Preempt Inspector, behavioral firewall company Preempt shows that many enterprise users are still relying on compromised or poor quality passwords.
Intelligent chatbot helps boost endpoint security
It's vital to protect endpoints within the enterprise, but often the level of alerts generated by conventional solutions can prove overwhelming for security analysts.
Cyber security platform Endgame is introducing new features to simplify attack detection, threat hunting, and response, including the use of an intelligent chatbot.
SailPoint brings AI to identity management
Enterprise identity management company SailPoint is using the Navigate '17 event to preview its new identity analytics solution, IdentityAI.
By adding analytics to SailPoint's existing open identity platform it will enable customers to improve their identity governance and mitigate potential threats.
The time to fix IoT security is now
The Internet of Things has enjoyed a huge surge in growth in recent years, with businesses and consumers alike flocking to get the world around them smarter and more connected.
However, it is becoming quickly apparent that as well as offering a number of useful benefits, the Internet of Things could pose a lucrative opportunity for cyber-criminals able to exploit some potentially major flaws.
Microsoft includes Windows XP and Vista in June's Patch Tuesday updates
Last month Microsoft made the decision to issue a "highly unusual" patch for Windows XP. Despite the fact the operating system has not been supported for some time, the patch was released in an attempt to thwart the WannaCrypt ransomware attacks.
Now, in an even more unusual move, Microsoft has chosen to include Windows XP in this month's Patch Tuesday. Windows Vista is also included in this batch of security updates which Microsoft says should address the "elevated risk of cyberattacks by government organizations."
Ransomware attacks are becoming more sophisticated
Following the WannaCry attack last month, ransomware was one of the big topics at the recent Infosecurity Europe event in London.
The worldwide assault woke many businesses and organizations up to the real danger that ransomware poses, but new research has also discovered that the criminals behind such attacks could be gearing up for even bigger attacks soon.
Enterprises overwhelmed by endpoint alerts
Organizations receive an average of more than 600 endpoint alerts in a typical week according to a new report. These represent a severe drain on an organization's financial resources and IT security personnel and the cost can average $1.4 million annually.
The study by endpoint security company Absolute and the Ponemon Institute reveals that, of all alerts, 45 percent (277 alerts) are considered reliable and an average of 115 are investigated. An average of 61 percent or 369 of these alerts involve malware infections.
Malicious antivirus apps prey on ransomware fears
Recent weeks have seen a rise in fake WannaCry protectors on mobile app stores, even though this particular infection doesn't target mobile devices.
But using the fear of high profile infections to get users to download potentially unwanted programs or malware is nothing new according to threat management company RiskIQ. Using its mobile database, hundreds of examples of apps that claim to help defend mobile phones were found, instead, to be preying on unsuspecting users by pushing adware, trojans, and other malware.
People in the US are less savvy about cyber security than people in the UK
A new report suggests that people in the UK are more aware of the terminology surrounding cyber security, and are less likely to fall victim to hacking and identity theft. Wombat Security Technologies' 2017 edition of its User Risk Report reveals a stark difference in cyber knowledge on either side of the Atlantic.
The report is based on a survey carried out last month into knowledge of, and attitudes to, cyber security topics and best practices. While the report shows that the UK is generally more cyber security savvy, the US is shown to fare better when it comes to passwords and backing up data.
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