Now more than ever before, the small business sector is beginning to prioritize cybersecurity and cyber liability insurance to mitigate potential crippling financial risk, which is setting the stage for a major trend moving forward: the merging of cybersecurity technology and insurance to mitigate insurer’s risk and provide the best overall coverage for small businesses.
Ransomware – a cyberattack in which attackers hijack computer systems and demand payment to release them – has skyrocketed from a relative rarity a few years ago to the single biggest type of cybercrime today. And there is no end in sight to its growth trajectory. Last year, 2,354 American government entities, healthcare organizations and schools were the victims of ransomware attacks. The average ransomware payout swelled to $178,000 in the first half of 2020, up from $112,000 a year ago, according to ransomware incident response firm Coveware, and few clandestine culprits were caught.
CISA has issued Emergency Directive (ED) 21-02 and Alert AA21-062A addressing critical vulnerabilities in Microsoft Exchange products. Successful exploitation of these vulnerabilities could allow an attacker to access on-premises Exchange servers, enabling them to gain persistent system access and control of an enterprise network.
Now that we’ve learned this dependency on the cloud will continue to grow, there are new challenges that organizations have to solve in the year ahead – starting with making these cloud infrastructures more secure. To do this, organizations must reroute the security perimeter to focus on identity. While cloud-based identity can be a complicated concept for a number of reasons, there are a few simple steps organizations can take to evolve their identity access management (IAM) strategies. By moving beyond “effective permissions,” they should instead focus on threats and risks, following a cloud IAM lifecycle approach.
CEO and co-founder of social media platform Gab said the site had suffered a data breach. WIRED reported that the far-right platform had more than 70 gigabytes of data, and 40 million posts, leaked by a hacktivist who self-identifies as "JaXpArO and My Little Anonymous Revival Project."
With increasingly sophisticated attacks on targets of opportunity, how can enterprises ensure they are doing everything possible to safeguard against cyber threats? Surprisingly, we can apply techniques used to fend off enemies throughout ancient history by emperors, warriors, and soldiers to our high-tech environments of today. Below, we’ll examine three civilizations’ decision making and how we can integrate their best practices into modern-day security strategies.
Security magazine launched its inaugural Top Cybersecurity Leaders program for 2021. Security partnered with (ISC)², the world’s leading cybersecurity professional organization, to find enterprise information security executives who have made and continue to make significant contributions in the cybersecurity space to their organizations and the security profession.
Security magazine is pleased to present our inaugural Top Cybersecurity Leaders for 2021. Security partnered with (ISC)², the world’s leading cybersecurity professional organization, to find enterprise information security executives who have made and continue to make significant contributions in the cybersecurity space to their organizations and the security profession. They were nominated by their colleagues and associates, and were chosen based upon their leadership qualities and the overall positive impact that their cybersecurity projects, programs or departments have had on their shareholders, organizations, colleagues and the general public.
With additional pandemic-related vulnerabilities, these preventable mistakes led to greater losses, and the resulting breaches were often wholly avoidable with simple fixes. Here are four of the most common gaps in security, the high-profile breaches they caused in 2020, and how to prevent your company from becoming the next victim.
As a result of major cyberattacks in 2020, security leaders were forced to be even more cognizant of their approach to protecting their organization, often forcing them to refine and future proof their approaches to this new world of security. After watching the events of 2020 and analyzing threat actors’ approaches, here’s what I expect to see in 2021:
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