Tag Archives: companies

Companies suffer an average of 8 DDoS attack attempts per day, says report

Organizations experienced an average of 237 DDoS attack attempts per month during Q3 2017 – equivalent to 8 DDoS attack attempts every day – as hackers strive to take their organisations offline or steal sensitive data, according to the latest DDoS Trends and Analysis report from Corero Network Security.

The data, which is based on DDoS attack attempts against Corero customers, represents a 35% increase in monthly attack attempts compared to the previous quarter (Q2 2017), and a 91% increase in monthly attack attempts compared to Q1 2017.

Corero attributes this increase in frequency to the growing availability of DDoS-for-hire services, and the proliferation of unsecured Internet of Things (IoT) devices. For example, the ‘Reaper’ botnet is known to have already infected thousands of devices, and is believed to be particularly dangerous due to its ability to utilize known security flaws in the

Read more at: https://www.networksasia.net/article/companies-suffer-average-8-ddos-attack-attempts-day-says-report.1511695265

INTERVIEW: Tight budgets, lack of expertise leave SEE companies exposed to cybersecurity threats

SOFIA (Bulgaria), November 2 (SeeNews) – Companies in Southeast Europe (SEE) that cannot lean on a big multinational parent for expertise and financial ease are often highly exposed to cybersecurity attacks, senior officials at Amatas, a provider of information security services, told SeeNews.

“The main problem in the region is the level of funding for cybersecurity,” Boris Goncharov, chief cyber security strategist at Amatas, told SeeNews in a joint interview with the company’s chief information officer, Kostas Ferderigos, during the Fourth South East European Regional Forum on Cybersecurity and Cybercrime organised by market intelligence company IDC earlier this week.

“Many of the multinational companies in the region are making more investments and this is driven by their mother companies, but for the local businesses [spending on data protection] is problematic,” Goncharov added.

Even more problematic is the lack of capacity and expertise in tackling complex issues such as threats to cybersecurity.

“Local businesses are

Read more at: https://seenews.com/news/interview-tight-budgets-lack-of-expertise-leave-see-companies-exposed-to-cybersecurity-threats-589562

FactFinder 12: Scammers target companies through ‘phishing’ emails

WICHITA, Kan. In March 2016, a Wichita Regional Chamber of Commerce employee sent off employee W-2’s to a scammer pretending to be the chamber’s president in an email.

Last December, a Sedgwick County employee paid more than $500,000 after a scammer sent an email, pretending to be a vendor.
And just last month, Butler County had to limit its service because of a ransomware attack on its computer network. Ransomware is often spread through spam and phishing.

From what we know about these cases, all of these appear to be examples of email phishing. They might seem like no-brainers to you. But would you fall for scams like these? We put one Wichita company to the test to see if its employees would take the bait.

Inside the Friends University Cyber Security lab, you can watch a phishing attack in progress.

“So the

Read more at: http://www.kwch.com/content/news/FactFinder-12-Scammers-target-companies-through-phishing-emails-453772483.html

Companies Lose Ground to Cyber Criminals

In the battle between organizations and cyber criminals, the bad guys are winning. The financial consequences of hacks have again shot up by 23% this year, equaling the increase seen in 2016, according to new research.

Ponemon Institute conducted a benchmark study of 254 organizations, all with more than 1,000 “enterprise seats,” or direct connections to the entity’s network and enterprise systems. The results underscore the reality that cyber crime is a pervasive nemesis, far beyond the occasional mega-hacks — against Equifax, Target, Yahoo — that make big news.

The studied organizations suffered an average of 130 successful breaches (up from 102 reported in a similar study last year), resulting in a collective average cost hit of $11.7 million. U.S. companies reported the highest average annual cost, $21 million, while Australian firms had the lowest, $5.4 million.

Both the number of successful breaches and the dollar costs were annualized; the study looked at a 4-week period for

Read more at: http://ww2.cfo.com/cyber-security-technology/2017/10/companies-lose-ground-cyber-criminals/

Companies face hefty fines for cyber crime security failure

A stern warning has gone out to hundreds of businesses in Peterborough that fail to protect themselves against cyber criminals.

Companies will face maximum fines of 20 million euros – or four per cent of their annual turnover – once European compliance rules – the general data protection regulations (EUGDPR) – come into force in May next year.

Andrew Heeler, a partner at Hegartys Solicitors.

Andrew Heeler, a partner at Hegartys Solicitors.

The alarm was sounded at a cyber security seminar held at Peterborough’s Holiday Inn West and attended by scores of company representatives.

Delegates were told the regulations, which have taken four years to prepare, seek to reshape the way organisations approach data privacy and penalise those that fail to take action.

Joe Cooksey, business digital expert from Barclays, said; “Implementation of EUGDPR puts the onus very

Read more at: http://www.peterboroughtoday.co.uk/news/business/companies-face-hefty-fines-for-cyber-crime-security-failure-1-8213849

Companies face hefty fines for cyber crime security failure …

A stern warning has gone out to hundreds of businesses in Peterborough that fail to protect themselves against cyber criminals.

Companies will face maximum fines of 20 million euros – or four per cent of their annual turnover – once European compliance rules – the general data protection regulations (EUGDPR) – come into force in May next year.

Andrew Heeler, a partner at Hegartys Solicitors.

Andrew Heeler, a partner at Hegartys Solicitors.

The alarm was sounded at a cyber security seminar held at Peterborough’s Holiday Inn West and attended by scores of company representatives.

Delegates were told the regulations, which have taken four years to prepare, seek to reshape the way organisations approach data privacy and penalise those that fail to take action.

Joe Cooksey, business digital expert from Barclays, said; “Implementation of EUGDPR puts the onus very

Read more at: http://www.peterboroughtoday.co.uk/news/business/companies-face-hefty-fines-for-cyber-crime-security-failure-1-8213849

Parents need to tackle cyber bullying, not just companies says research chief

The head of the National Anti-Bullying Research Centre has said a greater emphasis on parental responsibility is necessary to tackle cyber bullying, not just the regulation of internet companies.

Dr James O’Higgins Norman, associate professor of sociology at Dublin City University was reacting to new measures announced in the UK of a voluntary levy on companies such as Google and Facebook to help raise awareness on the issue.

The unspecified financial contribution would help fund the UK’s online safety strategy, designed to tackle bullying, abuse and other risks for children and vulnerable users.

Prime minister Theresa May has been critical of firms like Twitter, repeatedly calling on them to do more to stop the spread of extremist content and to help victims of abuse.

On Wednesday, digital minister Karen Bradley published proposals including the levy, a code of practice on removing intimidating or humiliating content from social media, and

Read more at: https://www.irishtimes.com/news/ireland/irish-news/parents-need-to-tackle-cyber-bullying-not-just-companies-says-research-chief-1.3252708

North Korean cyber gangs blitz Irish companies with ‘almost daily …

According to a nationwide cyber security awareness survey, over 171,000 businesses in the State could be vulnerable to crippling ransomware attacks.

Some 48pc of all businesses have no cyber security policy in place, with a further 27pc acknowledging that either their security needs tightening or they are completely unsecure, according to the survey carried out by Magnet Networks.

The Magnet Networks National Cyber Security Awareness Survey was carried out among 205 companies spread across all sectors and regions, giving an up-to-date sample of the business attitudes to a threat which could potentially ruin many of those who are attacked.

Read more at: http://www.independent.ie/irish-news/north-korean-cyber-gangs-blitz-irish-companies-with-almost-daily-attacks-36208986.html

North Korean cyber gangs blitz Irish companies with ‘almost daily’ attacks

According to a nationwide cyber security awareness survey, over 171,000 businesses in the State could be vulnerable to crippling ransomware attacks.

Some 48pc of all businesses have no cyber security policy in place, with a further 27pc acknowledging that either their security needs tightening or they are completely unsecure, according to the survey carried out by Magnet Networks.

The Magnet Networks National Cyber Security Awareness Survey was carried out among 205 companies spread across all sectors and regions, giving an up-to-date sample of the business attitudes to a threat which could potentially ruin many of those who are attacked.

Read more at: http://www.independent.ie/irish-news/north-korean-cyber-gangs-blitz-irish-companies-with-almost-daily-attacks-36208986.html