Remove 2018 Remove Accountability Remove Cyber Risk Remove Data breaches
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MY TAKE: How ‘credential stuffing’ and ‘account takeovers’ are leveraging Big Data, automation

The Last Watchdog

Related: Cyber risks spinning out of IoT Credential stuffing and account takeovers – which take full advantage of Big Data, high-velocity software, and automation – inundated the internet in massive surges in 2018 and the first half of 2019, according to multiple reports. Hackers count on it.

Big data 164
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NEW TECH: This free tool can help gauge, manage third-party cyber risk; it’s called ‘VRMMM’

The Last Watchdog

Third-party cyber risks are likely to persist at the current scale for a while longer. According to a recent Ponemon Institute study , some 59% of companies experienced a third-party data breach in 2018, yet only 16% believe they are effectively mitigating third-party risk.

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Over 23 million breached accounts were using ‘123456’ as password

Security Affairs

Have I Been Pwned allows users to search across multiple data breaches to see if their email address has been compromised. million user accounts worldwide were using ‘123456’ as password, while 7.7 SecurityAffairs – Top breached passwords, hacking). The NCSC discovered that 23.2 million users were using ‘123456789’.

Passwords 101
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How security pros, the insurance industry, and regulators can combat ransomware

SC Magazine

By some accounts, ransomware attacks increased nearly 150% in the past year, and insurance claims and costs of payments skyrocketed after having already jumped approximately 230% between 2018-19. Insurance claims from cyber/ransomware events have consumed up to 40% of the claims of some insurers’ cyber books.

Insurance 113
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Security Roundup February 2024

BH Consulting

Creeping cyber risk grabbing global headlines The World Economic Forum’s latest Global Cybersecurity Outlook 2024 gives senior leaders a high-level overview of cybersecurity trends. Cyber attacks featured in the top five risks for the year ahead, along with factors like extreme weather and the cost of living crisis.

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Remember GDPR? Expect another set of cyber regulations around vulnerabilities

SC Magazine

Every organization should have a responsible and accountable program for reducing risk through vulnerability management. A seemingly arcane topic, every organization should have vulnerability management as top-of-mind when it comes to managing cyber risk. One example has been the Vastaamo data breach in Finland.

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Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs

eSecurity Planet

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. In addition, the U.S.