Global retailers can expect a 12 percent growth in online fraudulent activity in the upcoming holiday season, compared with the same period last year—and lower ticket prices on fraudster-targeted gifts and products.
It’s not that fixing Critical and High-Severity vulnerabilities is the problem; it’s that the Medium and Low severity vulnerabilities can pose significant risks as well. For any given vulnerability, we need to distinguish between its severity and the risk that results from it being present on a particular system on our network.
Essentially, one-third of analysts’ time is being spent on processing alerts that have unknowingly already been processed, and at present SOC teams are left with little ability to make this distinction resulting in massive manpower drain.
One cyber company is predicting a significant increase in card-not-present fraud—fraudulent transactions where a credit card is not physically presented to a merchant—from Black Friday to Cyber Monday when compared to past years.
A national survey of 1,520 adults conducted March 7-April 4, 2016, finds that Facebook continues to be America’s most popular social networking platform.
In 2015, it seemed no one was safe from hackers. The year began with Sony reeling from a hack that put the studio and celebrities such as Seth Rogen and James Franco in a web of geopolitics and extortion. Seven months later came the high-profile Ashley Madison hack, which resulted in the release of the email and physical addresses for 37 million users. Cybercriminals stole $1 billion from banks in 30 countries as part of the Carbanak hack. Even the Director of the CIA wasn’t safe – his AOL email account was hacked by someone claiming to be a high school student.
Even brick and mortar companies are increasingly leveraging the internet and cloud services to expand their business. As traditional business models have changed to incorporate these resources, the security risks presented have evolved as well. In today’s world of digital business, the security risks faced by the majority of companies have largely shifted into the cyber realm.