In 2021, there are two words that can send a cold chill down the spine of any Cybersecurity professional and business leader; Phishing and Ransomware. Research carried out by the Data Analytics and training company CybSafe, identified that 22% of all cyber incidents reported in the first quarter of 2021 were ransomware attacks. According to the figures obtained from the Information Commissioners Office, they are up by 11% compared to 2020.
Ransomware groups have been exploiting the switch to remote work unlike any other. Ransomware attacks increased by more than 485% in 20201. By 2031, a new organization is expected to fall prey to a ransomware attack every 2 seconds2. Multiple reports by threat hunting firms confirm that the primary attack vector they are using to infiltrate corporate networks are poorly guarded Remote Desktop Protocol (RDP) connections.
It has been one year since I joined Styra as the first European hire, and what a year it has been! Not only have we significantly grown our customer footprint with enterprises such as Zalando, European Patent Office and Extenda Retail, but the EMEA team has been growing at a rapid pace across engineering, sales and customer success and open source! I thought I’d share some takeaways on the industry / market from my interactions with customers and the community.
A selection of this week’s more interesting vulnerability disclosures and cyber security news. For a daily selection see our twitter feed at #ionCube24. Cryptocurrencies are never far from the news, and with El Salvador making it an official currency many are jumping at the slightest news of an uptick in respectability. That thirst has not gone unnoticed and a fantastic coup played out in the last week.
For the past 10-plus years, cybersecurity solutions have been innovating rapidly to thwart new threats. But as they solved security challenges, new ones constantly emerged — especially as organizations continue to expedite their digital transformation efforts and shift to the cloud.
APTs (Advanced Persistent Threat) have more serious consequences than conventional cyberattacks. The explanation for this lies in the fact that, on the one hand, the perpetrators spend much more time and effort (often promoted by government organizations), and on the other, the victims are also more high profile.
