Security News

Security policies governing remote working and secure access were either scaled up or slapped together in an ad hoc fashion to keep operations going, but they often interfered with worker productivity. The problems with unanticipated demand for secure remote work.

Cybersecurity spending in critical infrastructure has been little impacted by the COVID-19 pandemic, save for some reshuffling on where that spend is most needed. Most of the cybersecurity spending announced by governments has not changed significantly however, with most maintaining similar funding planned in previous years, with an average Year-on-Year growth rate between 5% and 10%. According to a report by ABI Research, cybersecurity spending for critical infrastructure will increase by $9 billion over the next year to reach $105.99 billion in 2021.

Google Cloud and Sigfox announced that the leading global 0G network and IoT platform services provider, has partnered with Google Cloud, to scale its cloud infrastructure and extend its IoT services portfolio. Google Cloud will also enable faster improvements to Sigfox's connectivity, geolocation, and other value-added services towards ultra-low-cost and ultra-low-power IoT solutions.

Threat Stack announced new capabilities that help security teams quickly detect and remediate threats in cloud infrastructure. Threat Stack now enriches Linux host and container events in real time with EC2 metadata like VPC, security group, and DNS names.

UPDATE. The virulent malware known as Emotet - one of the most prolific malware strains globally - has been dealt a blow thanks to a takedown by an international law-enforcement consortium. "One of the things that makes Emotet so dangerous is that Emotet opens the door to other types of malware, as it were. Large criminal groups were given access to some of those systems for payment to install their own malware. Concrete examples of this are the financial malware Trickbot and the ransomware Ryuk.".

Austria-based crane manufacturer Palfinger on Monday informed customers that its IT infrastructure suffered serious disruptions as a result of an "Ongoing global cyber attack." "Currently, the PALFINGER AG and the majority of its sites are the target of an ongoing global cyber-attack with massive effects on its IT infrastructure. The extent and consequences of the attack cannot be assessed at this time, but intensive efforts are being made to find a solution," reads a message currently greeting users who access the company's website.

Private LTE/5G infrastructure is any 3GPP-based LTE and/or 5G network deployed for a specific enterprise/industrial customer that provides dedicated access. Private LTE/5G infrastructure carries traffic native to a specific organization, with no shared resources in use by any third-party entities.

Vendor revenue from sales of IT infrastructure products for cloud environments, including public and private cloud, increased 9.4% year over year in the third quarter of 2020, according to IDC. Investments in traditional, non-cloud, IT infrastructure declined -8.3% year over year in 3Q20. These growth rates show the market response to major adjustments in business, educational, and societal activities caused by the COVID-19 pandemic and the role IT infrastructure plays in these adjustments. Spending on public cloud IT infrastructure increased 13.1% year over year in 3Q20, reaching $13.3 billion.

IBM announced the appointment of Martin Schroeter as Chief Executive Officer of the independent company that will be created following the separation of IBM's Managed Infrastructure Services business, effective January 15. Mr. Schroeter served as IBM's Senior Vice President, Global Markets, where he was responsible for IBM's global sales, client relationships and satisfaction, and worldwide geographic operations, before leaving IBM in June 2020.

Simple to use and deploy offensive security tools, making it easier than ever for criminals with little technical know-how to get in on cybercrime are seeing a significant rise, researchers say. Recorded Future's 2020 Adversary Infrastructure Report explained that researchers anticipate increased adoption of open-source tools because they're easy to use and accessible to criminals without deep technical expertise.