Security News
To overcome these challenges, businesses must implement an agile risk management program that prioritizes third-party risk management. Organization-wide alignment shifts third-party vendor processes from a "Check box" compliance exercise to a consistent, thorough process that underscores the significance of having a risk management program in place.
These were broken down to understand the workforce cyber capabilities of cybersecurity, application security and crisis response teams. Analysis of 35,000 cybersecurity team members inside 400 large organizations reveals it takes over three months on average to develop the knowledge, skills and judgment to defend against breaking threats, except with Log4j.
Russia faces a critical IT storage crisis after Western cloud providers pulled out of the country, leaving Russia with only two more months before they run out of data storage. The Russian government is exploring various solutions to resolve this IT storage problem, ranging from leasing all available domestic data storage to seizing IT resources left behind by businesses that pulled out of the country.
There's one thing worse than having to face down the onslaught of cyber-attacks today's security pros face. That's having to face down an onslaught of cyber-attacks knowing that your security tooling is mismatched, badly integrated, and not showing you where the next biggest threat is coming from.
Criminals have been quick to abuse the current circumstances to increase profits, spreading their tentacles to various areas and exposing vulnerabilities, connected to systems, hospitals or individuals. Europol's Executive Director Catherine De Bolle highlighted: "Worldwide operations, such as the successful takedown of EMOTET botnet, have demonstrated the effectiveness of international cooperation. Ransomware groups have attempted to disrupt critical infrastructures, such as service providers and government institutions, to increase their profits with no concern for the possible damages such interceptions may cause to public safety and security. To this, the collective response of our international law enforcement community is clear: the authorities and the private sector worldwide stand strong and ready to mitigate together any threat that blackmails the stability of our societies."
Imperva's 12-month analysis on cybersecurity risks in the retail industry suggests that the 2021 holiday shopping season will be further disrupted by cybercriminals looking to create chaos and take advantage of an unprecedented global supply chain crisis. Given the widespread impact of the global supply chain crisis, the impact of a single cyber-attack on a retailer in Q4 could be devastating.
With the massive surge in ransomware attacks in the last few years, businesses can't afford to ignore the increasing possibility of facing one, and should invest money and effort into crisis management. Practice in crisis management steps requires maximum participation by the organization.
Data projections point to 2021 as another record-setting year on track to surpass 11 million global DDoS attacks. In the wake of Colonial Pipeline, JBS, Harris Federation, Australian broadcaster Channel Nine, CNA Financial, and several other high-profile attacks, the impact of DDoS and other cybersecurity attacks has been felt worldwide.
Bart McDonough: I think when people hear the term financial services? I think that the lay person thinks of banking, and they're right to be concerned about cybersecurity at banks, but candidly, those organizations are really well-equipped. So I think that right there should be a wake-up call to the regulatory bodies, certainly to the industry about the risks that are facing these kind of other financial services.
While a few fraudsters may have turned to deceit because of economic pressures, the coronavirus generally had little to do with fraudster's motives. Means: With contact agents overwhelmed and honest customers distressed, fraudsters developed new ploys.