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Group-IB: $49.4 million of damage caused to Russia’s financial sector from cyber attacks

Security Affairs

Security firm Group-IB has estimated that in H2 2017-H1 2018 cyber attacks caused $49.4 Group-IB, an international company that specializes in preventing cyber attacks, has estimated that in H2 2017-H1 2018 cyber attacks caused $49.4 million (2.96 billion rubles) of damage to Russia’s financial sector.

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China setting up data traps says UK

CyberSecurity Insiders

Richard Moore, the MI6 boss, asserted the statement by stating that Chinese government was providing secret funding to back up financially weak nations in order to keep them in loop of conducting a large scale espionage and cyber attacks. The post China setting up data traps says UK appeared first on Cybersecurity Insiders.

Insiders

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Manual vs Automated Risk Management: What You Need to Know

Centraleyes

In today’s digital age, where cyber attacks are a matter of when rather than if, assessing potential risks and their likelihood of occurrence is only getting more critical. Live Risk Management Real-time data insights enable organizations to make informed decisions promptly, enhancing agility and responsiveness to emerging risks.

Risk 52
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Secret Service Investigates Breach at U.S. Govt IT Contractor

Krebs on Security

Secret Service is investigating a breach at a Virginia-based government technology contractor that saw access to several of its systems put up for sale in the cybercrime underground, KrebsOnSecurity has learned. A spokesperson for the NIH said the agency had investigated the activity and found it was not compromised by the incident.

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GUEST ESSAY: How SIEMS, UEBAs fall short in today’s turbulent threat landscape

The Last Watchdog

The average small and medium-size business experiences a cyber attack 44 times every day. The painful impact of cyber attacks on businesses is worsening despite advances in technology aimed at protecting enterprises from malicious network traffic, insider threats, malware, denial of service attacks and phishing campaigns.

CISO 140
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GUEST ESSAY: 5 security steps all companies should adopt from the Intelligence Community

The Last Watchdog

And, in doing so, the IC has developed an effective set of data handling and cybersecurity best practices. Businesses at large would do well to model their data collection and security processes after what the IC refers to as the “intelligence cycle.” infrastructure from cyber attacks.

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Critical Success Factors to Widespread Deployment of IoT

Thales Cloud Protection & Licensing

Digital technology and connected IoT devices have proliferated across industries and into our daily lives. Besides the obvious benefits, IoT devices create an expanded threat landscape and have already been exploited in numerous cyber attacks (e.g., Critical Success Factors to Widespread Deployment of IoT. Threat vectors on IoT.

IoT 96