Security News > 2021 > December

In this interview with Help Net Security, Avi Bashan, CTO at Kovrr, talks about cyber insurance trends and how the growing threat landscape impacted both insurers and insurees. At the same time they feel more vulnerable to a ransomware attack than ever before, insurers are pulling back to the point where cyber insurance is more expensive than used to and thus demands clearer justification of the investment for most companies, and policies that cover a broad range of cyber incidents are more scarce.

In this interview with Help Net Security, Tom Wesselman, CTO of TeleSign, explains how to successfully combat identity fraud to not only protect an organization but its customers too. One way to do so is by conducting extensive vetting during the new customer onboarding process that challenges customers to verify their identities.

Organizations committed to bolstering their cybersecurity budgets. According to the latest survey from the Neustar International Security Council, conducted in November 2021, 81% of organizations have committed to bolstering their cybersecurity budgets for 2022.

With data breaches on the rise along with consumer demand for privacy and control over their own data, governments have in turn adopted new data protection regulations - and businesses are feeling the pressure. The survey reveals that despite the growing demand for data privacy and security, U.S. consumers still lack familiarity with data protection best practices.

69.1% of professionals with security responsibility believe a rethink is needed to deal with the threat of cybersecurity now that devices and applications have moved outside the corporate network, a SentryBay survey reveals. The poll aimed to assess attitudes to cyber threats and methods of protecting vulnerable devices.

UC&C-related helpdesk tickets are rising, representing a growing strain on IT and employee productivity. Among 43% of the organizations surveyed, over half of all helpdesk tickets relate to UC&C issues.

Cybersecurity Myths vs. Truths Myth #1 - Too much security diminishes productivity. There is a common idea that increased security makes it difficult for even employees to access what they need, not just hackers.

Facebook's parent company Meta Platforms on Monday said it has filed a federal lawsuit in the U.S. state of California against bad actors who operated more than 39,000 phishing websites that impersonated its digital properties to mislead unsuspecting users into divulging their login credentials. The attacks were carried out using a relay service, Ngrok, that redirected internet traffic to the phishing websites in a manner that concealed the true location of the fraudulent infrastructure.

The US Attorney's Office of Massachusetts on Monday announced the extradition of Vladislav Klyushin, a Russian business executive with ties to the Kremlin, on charges of hacking US computer networks and committing securities fraud by trading on undisclosed financial data. M-13, according to the US government's complaint, provided IT and media monitoring services, cyber security consulting, and penetration testing, and claimed prominent Russian government officials and agencies as clients.

A U.S. federal government commission associated with international rights has been targeted by a backdoor that reportedly compromised its internal network in what the researchers described as a "Classic APT-type operation." "This attack could have given total visibility of the network and complete control of a system and thus could be used as the first step in a multi-stage attack to penetrate this, or other networks more deeply," Czech security company Avast said in a report published last week.