Risk Management

Size Doesn’t Matter for Cybercrooks: Your Business is Next on the Hacking Block

Cybercrime is on the rise on an international scale, and no business or entity is safe. Large companies and multinational businesses may be high on cybercriminals’ list of targets, but that certainly doesn’t mean they’re the only entities affected. Small companies are being hard hit by criminal activities too.

VMware Global Report: Surge in Sophisticated Cyberattacks as eCrime Groups Grow More Powerful

Reading, UK. — 20th October, 2020 — VMware, Inc. (NYSE: VMW), a leading innovator in enterprise software, today released the results of its sixth Global Incident Response Threat Report, entitled: “The Cybersecurity Tipping Point: Election, COVID-19 Create Perfect Storm for Increasingly Sophisticated Cyberattacks.”

In just one Evil Internet Minute organizations spend nearly $25 and face 375 new threats

London, UK – August 27, 2020 – RiskIQ, the global leader in attack surface management, has released its annual "Evil Internet Minute" security intelligence report. The company tapped its proprietary global intelligence and third-party research to analyse the volume of malicious activity on the internet, revealing that cybercrime costs organizations $24.7 (£18.8), year-over-year increase of more than $2 (£1.5) every minute. It will also have a per-minute global cost of $11.4 million (£8.7 million) by 2021, a 100 percent increase over 2015.

Unknown danger: 74% of Internet users unaware of QR Code Spam despite growing problem

27 November 2019, London – Seventy four per cent of British internet users have never heard of QR code spam, according to a recent representative survey commissioned by European email provider GMX. This is despite a significant increase in QR code spam being detected by GMX email security experts. They analysed how spammers change their methods by running so called ‘honey traps’, which are special email accounts without spam filters which aim to attract as much spam as possible. The analysis of the contents of these traps show that QR code spam is trending in 2019 top spam methods.

How to Protect Your Tech Business in 2020

No matter what type of business you run, there are risk factors you must navigate if you wish to maintain the same level of profit and growth. Tech businesses, in particular, may be susceptible to harm from interruptions such as hacking or power loss. Although there is potential for great profit in this sector, there is also the possibility that people could steal your ideas — not to mention fierce competition. A minor mishap can cause you to fall behind others selling the same or similar services or products.

New Global Study of Financial Sector Shows Deep Concern About Third-Party Cyber Risk, Reveals Major Opportunity to Improve Monitoring and Reporting

London, UK — 2nd April 2019 — BitSight, the Standard in Security Ratings, and the Center for Financial Professionals (CeFPro) today released a joint study shedding light on how financial institutions are addressing challenges associated with third-party cyber risk. Based on a survey of financial services professionals from around the world, the “Third-Party Cyber Risk for Financial Services: Blind Spots, Emerging Issues & Best Practices” report found that managing third-party cyber risk is critical to their businesses, but a lack of continuous monitoring, consistent reporting, and other blind spots are creating challenges that could leave organisations vulnerable to data breaches and other consequences.

RiskIQ finds Ticketmaster breach part of massive credit card skimming campaign affecting over 800 e-commerce sites

London, UK - July 10, 2018 - RiskIQ, the leader in digital threat management, today revealed that its researchers have discovered that the recent breach of Ticketmaster was not a one-off event as initially reported, but part of a massive digital credit card-skimming campaign by the threat group Magecart affecting over 800 e-commerce sites around the world.

Medical Device Industry Survey Reveals Increase in Agile Development

MINNEAPOLIS, May 15, 2018 – Perforce Software, a provider of solutions to enterprise teams requiring productivity, visibility, and scale along the development lifecycle, released the results of a global survey of medical device professionals. Key findings show increased concerns for mitigating risk and proving compliance during the development process. 

“Balancing compliance and risk management with fast-paced innovation is a tough challenge for medical device developers,” said Tim Russell, Chief Product Officer, Perforce. “This year’s survey results illustrate how well respondents are addressing the challenge.”

Study: Continuous Monitoring Gives Organizations Greater Control of Vendor Risk Management

BitSight, the Standard in Security Ratings, today released the results of a March 2018 commissioned study conducted by Forrester Consulting titled “Take Control of Vendor Risk Management Through Continuous Monitoring.” The findings reveal that current methods for managing third-party risk are inefficient and that companies must adopt continuous monitoring to detect security and risk issues to better understand their vendors’ cybersecurity posture and overall risk posed to their business.

UK Emergency Services at risk of major cyber-attack, overall infrastructure resilient

London, UK. [27 February 2018] The UK’s emergency services are at risk of a major cyber-attack. This is the finding of a new landscape analysis, issued this morning by leading threat intelligence provider, Anomali.

The UK Threat Landscape report, which explores the UK’s Critical National Infrastructure against threats and possible vulnerabilities, points to a number of weak spots in the UK which could attract an attack. One of the most notable, in addition to the emergency services, is the Defence Equipment and Supply Organisation which presents a prime target for actors seeking to disrupt defence procurement.