The revenues on technology investment are increasing in all areas. From Insurance through to Oil and Gas, spending on cyber is becoming an integral part of every industry and several new positions have been created or are being redefined as a strategic and necessary part of the organizational structure to meet that challenge.
Recent attacks on: Bycycklen, (Copenhagen's public city bikes system); the discovered vulnerabilities in Cardiac devices and plenty of other frightening DDoS attacks expose the precarious and costly state of affairs in IoT security.
Cybercrime incidents are snowballing, and no business, small or large, is invulnerable. The rates of attacks rise and so does the price tag on recovery, which includes financial losses, reputation and operational capacity.
With the conversion of 90% of in-store terminals from swipe card tools to EMV chip technology, the gateway to ever increasing mobile payments has swung wide open. So, has the entrance to more virtual security problems at the point of sale.
Being a cautious group by nature, Cyber security enthusiasts always approach new digital currencies with caution. Forget the hype and the criminal element that places Bitcoin and the blockchain at the center of many an international drug scandal and on the SEC hitlist, the safety and security of everyday trading is troubling to cyber security enthusiasts.
As we draw closer to the halfway point of 2018, a clear and alarming picture of cybercrime and its' true annual cost is emerging. With spending exponentially rising on both prevention and damage, the wake-up call that came from the IBM Chairman, Rometty back in 2015, that 'cyber-crime was the greatest threat to every company in the world' is simply becoming more of a reality, year by year.
Google Chrome has been hit by a group of scammers, trying to intimidate users into paying for fake Tech Support. Under the guise of providing assistance from a desktop cyber penetration, these sneaky hackers are worming their way into systems worldwide. Users, naturally more worried than suspicious by nature and prompted by an unhealthy dose of fear, give access to their details or pay for 'tech support'.
As if advertising wasn't intrusive enough, 'Malvertising' the malicious form of online advertising, used to spread malware, is on the rise.
Marketeers, Public Relation Experts and Advertisers will be nervously shuffling their feet for a bit, whilst the Cyber Security professionals get to work on a new and potentially huge threat, Vega Stealer.
Recently uncovered by Proofpoint, Vega Stealer is the new sparkly malware found to be targeting the Retail, Manufacturing, Public relations and Advertising sectors.
When we discuss the way that cyber criminals access your computer, the following spring to mind: DDos attacks; phishing; Firewall vulnerabilities; SQL injections. One form of attack that doesn't get so much hype but is just as dangerous as any other, is Clickjacking.