All segments of the cloud market are predicted to see growth in 2023, according to research by Gartner. In an April Press Release, the firm forecasts that global spending on public cloud services will exceed 21% this year, totaling $597.3 billion overall in 2023. This is up over $100 billion from last year’s (mere) $491 billion.
The cybersecurity landscape has become more complex for many reasons. For one, it is the constantly changing risk environment where businesses are compelled to confront evolving threats and actors that leverage emerging technologies and advanced tactics. Cybersecurity has become a top priority for boards since they realize that being cyber resilient is a strategic choice and a competitive advantage.
Safeguarding sensitive data is a huge concern for organizations. One of the biggest challenges they face is the threat posed by insiders who work for the organization. In fact, a report found that 74% of organizations are at least moderately vulnerable to threats from insiders. This has increased spending towards protecting against insider threats by more than 76% between 2018 to 2022, according to a global report by the Ponemon Institute.
The World Wide Web, now simply referred to as the Internet, is by far the most significant technological revolution in tech history. The current generation of the internet is Web 2.0, which allows users to browse and write content powered by centralized data centers. Today the cyber world is rapidly progressing towards Web 3.0.
Newly-released research reveals the eye-watering costs that the manufacturing sector has suffered in recent years at the hands of ransomware. The analysis, by Comparitech, looked at 478 confirmed ransomware attacks on manufacturing companies between 2018 and July 2023, in an attempt to determine their true cost.
We have come a long way in the cybersecurity sector in a relatively short period of time, but there remain many challenges in day-to-day operations that create security gaps in many organizations. One of the most common is tied to how we build our solutions, making sure they are secure out-of-the-box instead of only being evaluated during a pen test or annual review, and finding out then that there is much more that needs to be done to achieve data security.
Despite being the second-largest internet market in the world, India has yet to pass a comprehensive data privacy bill. It is important to have policies and regulations in place to protect them and their right to data privacy—a right that India’s Supreme Court recognized in 2017. Since then, the country’s government has been working towards passing a bill that codifies the rights of individuals to data privacy and protection.
Cyber Threat Intelligence (CTI), or threat intelligence, is evidence-based knowledge established from current cyber threats, gathered from myriad sources to identify existing or potential attacks. Threat intelligence assists in identifying the motives, targets, and attack behaviors of a threat actor and implementing strong defenses from future attacks. According to IBM’s Cost of a Data Breach 2022 report, the average data breach costs its victims $4.35 million.
Most small and midsized businesses trust an IT services partner to help them secure their networks. A few years ago, high-profile cyberattacks targeting MSP vendors Kaseya and SolarWinds thrust the security risk of relying on a complex chain of vendors into the technology media and moved the Department of Homeland Security to issue a statement about the need for greater security in the IT services industry.
The latest Verizon Data Breach Investigations report indicates that over 70% of data breaches involved the human element. Cybercriminals exploit people to trick them into clicking unsafe links, opening malicious attachments, entering their credentials into bogus login pages, sharing sensitive data, and authorizing fraudulent fund transfers. One area where many exploits take place is on social media platforms.
