cyberattack
Ransomware attack leaves Johannesburg residents without electricity
A ransomware attack aimed at City Power, the electricity provider for Johannesburg (aka Joburg), South Africa, has resulted in some residents temporarily without power. While …
Damaging insider threats rise to new highs in the past year
70 percent of organizations are more frequently seeing insider attacks, with 60 percent experiencing one or more within the last 12 months, and 68 percent feeling “extremely …
50% of organizations believe attackers can infiltrate their networks each time they try
As organizations increase investments in automation and agility, a general lack of awareness about the existence of privileged credentials – across DevOps, robotic process …
Every minute, $2.9 million is lost to cybercrime
Cybercriminals cost the global economy $2.9 million every minute last year, a total of $1.5 trillion, according to RiskIQ. Top companies pay $25 per minute due to security …
Employees overestimate the efficacy of their workplace’s email security strategy
22 percent of businesses have experienced a data breach – defined as loss of confidential data or credentials, compromised account loss, or fraudulent financial transactions – …
Most SMBs have not identified and documented cybersecurity threats
A majority of small and medium-sized businesses (SMBs) do not have cybersecurity protection at the top of their agenda and are highly prone to risks and vulnerabilities, …
Average data breach cost has risen to $3.92 million
The cost of a data breach has risen 12% over the past 5 years and now costs $3.92 million on average, according to IBM. These rising expenses are representative of the …
Intrusion Prevention System market to surpass $8.5 billion by 2025
The Intrusion Prevention System market is forecast to surpass $8.5 billion by 2025, after growing at a CAGR 13.7% during the forecast period 2019-2025, according to …
Cyberthreats targeting municipalities are on the rise
Through the first half of 2019, a growing number of municipalities across the US were hit with crippling ransomware attacks, while several large companies disclosed data …
Organizations expect to boost their cybersecurity investments by 34%
Annual losses from cyberattacks averaged $4.7 million in the last fiscal year — with more than one in 10 firms losing over $10 million —according to a new report from ESI …
Multi-stage attack techniques are making network defense difficult
IT managers are inundated with cyberattacks coming from all directions and are struggling to keep up due to a lack of security expertise, budget and up to date technology, …
69% of organizations believe they can’t respond to critical threats without AI
Businesses are increasing the pace of investment in AI systems to defend against the next generation of cyberattacks, a study from the Capgemini Research Institute has found. …