The 2018 IBM X-Force Threat Intelligence Index has found the number of records breached dropped nearly 25 percent in 2017, as cybercriminals shifted their focus on launching ransomware and destructive attacks that lock or destruct data unless the victim pays a ransom.
A new McAfee report finds that concerted efforts to increase job satisfaction, automation in the Security Operations Center (SOC) and gamification in the workplace are key to beating cybercriminals at their own game.
It has only been in the last few years that the networked enablement of everyday business functions has forced enterprises to embrace the fact that physical security and cybersecurity must be treated in a unified manner.
Hackers are outpacing and adapting their techniques at a faster pace than defenders, and nearly half of all cyberattacks are resulting in financial damages over $500,000, including lost revenue, customers, opportunities and out-of-pocket costs.
Forty-one percent of investors and analysts are now extremely concerned about cyber threats, ranking it as the largest threat to business, according to the PwC Global Investor Survey 2018.
With the growing visibility around cyber breaches, there is now a heightened sensitivity among corporate boards and executive teams as they become more engaged in the management of cyber risk, and its ability to impact their business and personal indemnity.