Security

Businesses lose up to $250m every year to unwanted bot attacks

Manchester, UK – 11th August 2021—Netacea, the bot detection and mitigation specialist, today announced results from a new report that reveals the high price that businesses pay because of bot traffic.

According to survey respondents, automated bots operated by malicious actors cost businesses an average of 3.6% of their annual revenue. For the 25% worst affected businesses, this equates to at least a quarter of a billion dollars ($250 million) every year.

73% of organizations suffered data breaches caused by phishing in the last year

London, UK – 3rd August 2021 – Egress’ 2021 Insider Data Breach Survey has revealed that almost three-quarters (73%) of organizations have suffered data breaches caused by phishing attacks in the last year. Remote work has increased the risk, with over half (53%) of IT leaders reporting an increase in incidents caused by phishing. The research also revealed concerns over future hybrid working, with 50% of IT leaders saying it will make it harder to prevent breaches caused by malicious email attacks.

The survey highlights the human cost of phishing – it found that in almost a quarter (23%) of organizations, employees who were hacked via a phishing email were fired or left voluntarily.

IT Leaders Rely on Weak Security Protocols Despite Extraordinary Increase in Phishing Threats to Remote Workers

BOSTON, July 27, 2021 -- A new survey of enterprise IT security leaders showed an overwhelming majority--almost 80 percent--believe remote workers are at more risk for phishing attacks now because they're isolated from their organizations' security teams. Despite the significant threat increase, more than 59 percent of respondents felt solutions such as video training (27%), email reminders (20%), and VPNs (12%), were sufficient solutions by themselves to keep organizations safe from what those surveyed said were the biggest security breach fears: damage to brand and reputation, and legal jeopardy.

Research: 94% of organizations have suffered insider data breaches

Human error is the top cause of serious breaches but malicious attacks are IT leaders’ biggest concern.

London, UK – 13th July 2021 – Egress’ Insider Data Breach Survey 2021 has revealed that an overwhelming 94% of organizations have experienced insider data breaches in the last year. Human error was the top cause of serious incidents, according to 84% of IT leaders surveyed. However, IT leaders are more concerned about malicious insiders, with 28% indicating that intentionally malicious behavior is their biggest fear. Despite causing the most incidents, human error came bottom of the list, with just over one-fifth (21%) saying that it’s their biggest concern.

Research: Half of businesses now have a policy on whether to pay out on ransomware

New research by Databarracks has revealed 54% of businesses now have a defined policy in place to deal with ransomware attacks – whether this means paying a ransom, relying on insurance policies or refusing to pay at all.

The findings are from Databarracks’ 2021 Data Health Check, launching today. Running since 2008, the annual report surveys over 400 IT decision-makers in the UK on critical issues relating to cybersecurity, IT resilience, cloud and remote working.

When asked if their organization had a policy for paying out on ransomware attacks:

Insider breaches the top cause of cyber incidents according to latest ICO data

London, UK – 7th July 2021 – Insider data breaches were the top cause of data and cyber security incidents reported to the ICO in the first quarter of 2021, according to the ICO. 57% of reported incidents were caused by insiders, with over 1,000 incidents reported in the first three months of 2021. Misdirected email was behind most of the incidents, with over 400 reports made to the ICO. Phishing was the second-biggest named cause, with over 200 incidents caused by employees falling for malicious emails.

For the fourth quarter running, healthcare was the hardest hit, with over 420 reported incidents in just three months, while financial services was the industry targeted with the most phishing attacks.

New WatchGuard research reveals traditional anti-malware solutions miss nearly 75% of threats

24 June 2021 – WatchGuard® Technologies’ latest Internet Security Report shows that 74% of threats detected last quarter were zero day malware, capable of circumventing conventional signature-based antivirus solutions at the time of the malware release. The report also found that network attacks surged, with a 21% increase compared to the previous quarter and the highest volume since early 2018. With WatchGuard appliances detecting more than 4 million network attacks, corporate servers and assets on site are still high-value targets for attackers despite the shift to remote and hybrid work.

1 in 3 employees has picked up bad cybersecurity habits since working remotely, reveals news data

SAN FRANCISCO - 15 JUNE 2021: A new report from human layer security company Tessian reveals that most IT leaders (56%) believe their employees have picked up bad cybersecurity behaviors since working from home. As organizations make plans for the post-pandemic hybrid workforce, Tessian’s Back to Work Security Behaviors report reveals how security behaviors have shifted during the past year, the challenges as organizations transition to a hybrid work model, and why a fundamental shift in security priorities is required.

Cutting Cybersecurity Corners at Home

VMware Releases 2021 Global Security Insights Report Detailing the Surge in Cyberattacks Targeting the Anywhere Workforce

LONDON, UK – Security Connect 2021 (3rd June 2021) – Today at Security Connect 2021, VMware, Inc. (NYSE: VMW) released the findings from the fourth instalment of the Global Security Insights Report, based on an online survey of 3,542 CIOs, CTOs and CISOs in December 2020 from across the globe. The report explores the impact of cyberattacks and breaches on organizations and details how security teams are adapting to these challenges.