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The Rising Threat of Global Cyberattacks By In recent years, global cyberattacks have seen a significant increase, with a 38% rise reported in 2022 alone, according to cybersecurity firm Check Point. With the average cost of a data breach reaching $9.44 million in the United States and $4.25 million globally in 2022, cybersecurity has become…
Global Cyberattacks on the Rise A recent report from Check Point has highlighted a concerning trend in the world of cybersecurity: global cyberattacks have seen a sharp increase over the last few years. In fact, cyberattacks rose by 38% in 2022 alone. This surge in attacks is coupled with the rising cost of data breaches,…
Securing the Food Pipeline from Cyberattacks Introduction In today’s digital age, it is not just our personal information and financial systems that are susceptible to cyberattacks. The food and agriculture sector, which plays a critical role in our economy and livelihood, is also at risk. The increasing reliance on smart technology and computer systems in…
Report: MGM’s Decision Not to Pay Ransomware Pays Off Introduction The recent ransomware attacks on MGM Resorts and Caesars Entertainment have brought the issue of dealing with cybercriminals to the forefront. While MGM chose not to engage or negotiate with the cybercriminals, Caesars decided to pay a $15 million ransom. Following these incidents, MGM has…
Government CISA, NSA Publish Guidance on IAM Challenges for Developers, Vendors October 5, 2023 The U.S. Cybersecurity and Infrastructure Security Agency (CISA) and the National Security Agency (NSA) have recently released new guidance on implementing identity and access management (IAM) that focuses on the challenges faced by developers and vendors. The document, titled “Identity and…
Insurance Industry Faces Increasing Cybersecurity Threats The Growing Target on Insurance Companies Insurance companies have become prime targets for cyber attackers due to the abundance of personal, medical, corporate, and other confidential data they hold. In recent years, the number of cyberattacks on insurance companies has surged, with multiple high-profile incidents occurring just in 2023….
Many Dutch Municipalities Struggle to Respond to Security Vulnerabilities, Research Shows Introduction A recent study conducted by the University of Twente and the Dutch Institute for Vulnerability Disclosure (DIVD) has found that numerous local authorities in the Netherlands are failing to adequately respond to reports about security vulnerabilities. These vulnerabilities are often identified and reported…
LONDON, U.K. – Global Security and Risk Management Spending to Reach $215 Billion in 2024 Introduction A new forecast from Gartner, Inc. predicts that worldwide end-user spending on security and risk management will reach $215 billion in 2024, representing a 14.3% increase from 2023. This significant growth can be attributed to several factors, including the…
The Importance of Securing AI Tools As the use of artificial intelligence (AI) tools grows rapidly across various industries, it is crucial to address the special security considerations that come with these powerful tools. While fundamental cybersecurity best practices apply to securing AI, there are unique aspects of data security and system complexity that require…
New Revised Guide to Operational Technology (OT) Security Published by National Institute of Standards and Technology The Growing Importance of Cybersecurity in Infrastructure Control Systems In today’s increasingly interconnected world, where technology powers crucial infrastructure systems, the significance of cybersecurity cannot be overstated. The recent months and years have witnessed a surge in cybersecurity breaches,…