article thumbnail

Cybercrime to cost over $10 Trillion by 2025

Security Boulevard

By 2025, it is estimated that cybercrime will cost businesses worldwide $10.5 As cyber-attacks become more frequent and advanced, businesses need to be prepared to respond to incidents. Ransomware as a Threat Cybersecurity Venture’s report also highlighted ransomware as a major threat. trillion annually.

article thumbnail

Is Killware the next big Cyber Threat

CyberSecurity Insiders

Precisely speaking, it a new cyber threat that targets infrastructure that is essential for a living like power sector, aviation, banks, fuel supply, transport services, emergency responses like 911 servers, water utilities and food supply chain. Now the big question- Did Killware claim lives so far?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Evolving Role of Cyber Insurance in Mitigating Ransomware Attacks

SecureWorld News

Ransomware attacks have become a significant threat to organizations of all kinds worldwide, with attackers encrypting data and demanding payment for its release. In this regard, many have touted cyber insurance as the knight in shining armor, the end all-be all in terms of mitigating criminals' assaults on your network.

article thumbnail

AI likely to boost ransomware, warns government body

Malwarebytes

The British National Cyber Security Centre (NCSC) says it expects Artificial Intelligence (AI) to heighten the global ransomware threat. The NCSC confirmed, saying: “All types of cyber threat actor – state and non-state, skilled and less skilled – are already using AI, to varying degrees.” Prevent intrusions.

article thumbnail

New DHS Rules Aim to Enhance Visibility Across Critical Infrastructure

SecureWorld News

Department of Homeland Security (DHS) is set to implement long-awaited rules that will require critical infrastructure entities across multiple sectors to report cyber incidents and ransomware payments to the federal government.

article thumbnail

The Evolving Legislative and Compliance Landscape: A Roadmap for Business Leaders

Thales Cloud Protection & Licensing

However, a relentless barrage of data breaches, ransomware attacks, and sophisticated cyber threats steadily erodes this trust. With the deadline fast approaching – 17 January 2025 – financial institutions must ramp up their efforts to ensure compliance. PCI DSS 4.0 In a complementary manner, PCI DSS 4.0 NIST CSF 2.0

Risk 71
article thumbnail

Defending Against the Threats to Our Security

SecureWorld News

As we rely increasingly on digital technologies for our work, communication, entertainment, and education, we also expose ourselves to more and more cyber risks. But how much do we know about the cyber threats we face daily? Ransomware is malware that encrypts the victim's data and demands a ransom for its decryption.