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Continuing our look back at 2024, part two of Last Watchdogs year-ender roundtable turns its focus to emerging threats vs. evolving defense tactics. These systems promise innovation but also introduce risks. While cloud offers flexibility, it introduces new cyberrisks. The drivers are intensifying. million (NIST, WEF).
Develop backup and recovery plans: Data recovery plans are essential to mitigate the impact of cyber incidents. A report from 2023 revealed that 67% of energy and utility companies faced ransomware attacks, with many incidents exploiting unpatched vulnerabilities.
The “ 2024 CWE Top 25 Most Dangerous Software Weaknesses ” rankings, published this week by the U.S. water systems at risk from serious vulnerabilities Vulnerabilities rated “critical” and “high” are present in the IT environments of 97 U.S. government, can also help software developers create safer applications.
billion in 2024 and is projected to reach $82.90 The healthcare sector faces an unprecedented wave of cyber threats, which in turn is fueling record growth in cybersecurity spending. billion by 2033 signals a nearly fourfold increase from 2024. billion by 2033, at a robust 18.55% CAGR. The market's expected ris e to $82.9
Key Points Phishing incidents rose during the reporting period (August 1 to October 31, 2024), accounting for 46% of all customer incidents. Using the MITRE ATT&CK framework, we’ll provide a comprehensive overview of the key cyber threats you need to know about to keep your environment protected.
Kip Boyle, vCISO, CyberRisk Opportunities LLC: The Challenge of Cultivating Buy-in from Leadership and Employees "Cybersecurity professionals will continue to face a critical challenge: cultivating genuine buy-in from both senior leaders and employees. We predict 2025 is set to be the year of multi-agent systems (or agent swarms).
These tariffs will create real cyberrisks. At the same time, nation-states may launch more cyberattacks as payback," said Kip Boyle , vCISO, CyberRisk Opportunities LLC. They should know which parts come from high-risk places and have backup plans ready. This opens doors to cyberattacks. billion by 2028.
Related: Adopting an assume-breach mindset With that in mind, Last Watchdog invited the cybersecurity experts we’ve worked with this past year for their perspectives on two questions that all company leaders should have top of mind: •What should be my biggest takeaway from 2023, with respect to mitigating cyberrisks at my organization?
For a deeper dive into Dashlane’s features and performance, check out this detailed Dashlane review for 2024. In the face of network security threats like phishing attacks, man-in-the-middle attacks, and other cyberrisks, Dashlane helps mitigate these dangers. Is it Safe to Use Dashlane? Yes, using Dashlane is safe.
Global cyber insurance premiums are declining despite an uptick in ransomware attacks, according to a recent report by insurance broker Howden. This trend reflects improved business security practices, evolving insurance industry dynamics, and changing attitudes toward cyberrisk management.
Key Points In October 2024, ReliaQuest responded to an intrusion affecting a manufacturing sector customer. This concealed their attack until the environment was encrypted and backups were sabotaged. In October 2024, ReliaQuest investigated an intrusion for a customer in the manufacturing sector. What Happened?
Organizations can defend their assets and maintain consumer trust by addressing cyberrisks, obtaining a competitive edge, assuring full-stack visibility, adopting proactive security, and allowing business agility. Make sure your backup and rollback protocols are in place. You can unsubscribe at any time.
On April 11, 2024, Leicester City Council in the United Kingdom fell victim to a major cyberattack that crippled many of its systems and services. The unknown hackers were able to breach the council's networks and deploy malicious software, causing widespread disruption.
Key Points Phishing incidents rose during the reporting period (August 1 to October 31, 2024), accounting for 46% of all customer incidents. Using the MITRE ATT&CK framework, we’ll provide a comprehensive overview of the key cyber threats you need to know about to keep your environment protected.
Other aggressive tactics noted include targeting cloud backup data, deploying distributed denial-of-service (DDoS) attacks, and implementing multi-layered extortion demands. These three primary drivers are consistent with what I've been reading in the recent '2024 Data Breach Investigations Report' [ downloadable with a form submission ].
And in 2024, cyber-criminal gangs are carrying out even more attacks and are doing so at a faster rate. This includes leveraging more sophisticated ransomware software, using advanced tactics to avoid detection, and targeting backups to prevent recovery.
Key Points In October 2024, ReliaQuest responded to an intrusion affecting a manufacturing sector customer. This concealed their attack until the environment was encrypted and backups were sabotaged. In October 2024, ReliaQuest investigated an intrusion for a customer in the manufacturing sector. What Happened?
National Implementation Deadline: Member states are mandated to incorporate the provisions of the NIS2 directive into their national laws by October 17, 2024. Conduct assessments to improve visibility into control effectiveness and cyber maturity levels within your organization.
To enhance Europe’s resilience against existing and emerging cyber threats, the NIS2 Directive introduces new requirements and obligations for organizations in four key areas: risk management, corporate accountability, reporting obligations, and business continuity.
The Evolving Landscape: Challenges and Opportunities As we stand on the threshold of 2024, the terrain of vendor risk management unfolds with a blend of challenges and opportunities. Operational risk: What’s the chance that a vendor might cause issues that will result in disrupted internal operations?
Last Watchdog posed two questions: •What should be my biggest takeaway from 2023, with respect to mitigating cyberrisks at my organization? What should I be most concerned about – and focus on – in 2024? Doug Dooley , COO, Data Theorem Dooley 2024 will be the year of full-stack visualization.
In the category of "we're too small for something like this to happen to us," Arkansas City, Kansas, experienced a cybersecurity incident on September 22, 2024, affecting its water treatment facility. To mitigate the risks associated with ransomware attacks, organizations must prioritize cybersecurity measures.
It cites cyber incidents such as the 2021 Oldsmar water treatment facility hack as examples of real-world risks. Kip Boyle , vCISO, CyberRisk Opportunities LLC, said he worries the EPA's actions do not go far enough. On February 23, 2024, CISA released its updated Top Cyber Actions for Securing Water Systems.
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