Tag Archives: itwire

iTWire – Warning: Global cyber crime reaches new highs and worse …

The security firm says there were hundreds of online-fraud and hacking incidents this year and its data shows that cyber crime is “more profitable than the global trade in marijuana, cocaine and heroin combined”.

To support its claim, MailGuard points to a new report by European Union cyber intelligence agency, Europol, which says that the steep upward trend in cyber crime points to 2018 being worse still, with cyber crime now the most economically damaging crime category worldwide.

“From the recent revelations about the Uber data-breach scandal to the Netflix scam, this was a busy year for the cyber security industry,” says MailGuard’s Emmanuel Marshall  in a newly posted blog.

“History may well remember the 20-teens

Read more at: https://www.itwire.com/security/81314-warning-global-cybercrime-reaches-new-highs-and-worse-to-come.html

iTWire – Norton study shows 70% of Aussies still experiencing online …

New research released by Symantec’s Norton division has revealed “a significant increase in the number of Australians reporting online harassment, jumping 20% in the last year from 50% (2016) to a staggering 70% (2017)”.

In an age where technology reigns supreme, this naturally “causes concern about how good online citizenship is constantly neglected, at the expense of the detrimental impact online harassment has on men and women”.

Norton says its study “aims to understand Australian exposure to online harassment ranging from unwanted conflict, trolling, character assassinations, and cyberbullying to sexual harassment and threats of physical violence, as well as the impacts of these experiences”.

We’re told that this year’s study “shows a general increase of people experiencing online harassment across all age groups, with the 40+

Read more at: https://www.itwire.com/home-it/80133-norton-study-shows-70-of-aussies-still-experiencing-online-harassment.html

iTWire – Cyber Plus: Australia’s ‘first’ small-biz bundle for tackling …

Everyone knows that a cyber attack on your business, infrastructure and customers is always a giant minus, so the pitch to add some Cyber Plus protection and insurance sounds like an “Australian first” that has been a long time coming.

Clearly, you may well have your own IT people to help protect your business, or you may not, but it never hurts to have a force multiplier on hand, with Cyber Plus wanting to be that positive force you turn to when calculating how to have the best proactive and reactive defences.

After all, with Australian small businesses now rating cyber-crime as one of their five biggest threats, it should come as no surprise to see an overwhelming 95% being reported as wanting tools to help protect them.

iTWire – Cyber crime, data breaches to cost businesses US$8 trillion …

Today’s US deficit is US $20 trillion, but just under half that figure is what businesses will have to pay for cyber crime and data breaches over the next five years.

However, despite a 30% increase in cyber crime costs per annum, cyber security spend will increase at just 8% per annum, according to a new report by Juniper Research, clearly showing that while the spend on cyber security is increasing, it is not keeping pace with threats posed by data breaches.

Juniper’s new research is entitled ‘The Future of Cybercrime Security: Enterprise Threats Mitigation 2017-2022’ and forecasts that ‘global cybersecurity spend will reach nearly US$135 billion in 2022, up from an estimated US$93 billion this year.’

Naturally, the research is aimed relevant audiences, and at relevant prices.

iTWire – Ransomware attacks strike Aussie businesses with cyber …

The extent of the security problem is revealed in a report from Telstra that shows almost 60% of organisations in Australia surveyed detecting a security incident on at least a monthly basis in 2016.

According to Telstra’s Director of Security Solutions, Neil Campbell, as the number and variety of connected devices and applications continued to proliferate, and the Internet of Things and virtual cloud environments emerged, the surface area for cyber security threats has been growing rapidly as well.

“We are seeing increases in security risks across the board. More than half of all businesses experienced a ransomware attack last year, 30% of Australian businesses surveyed have had a business email compromise and the number of distributed denial of service (DDoS) networks attacks are up by more than 200%,” Campbell says.

“Australia’s high uptake of technology combined with our economic strength makes Australia one of the leading targets in the world for cyber

Read more at: http://www.itwire.com/security/77466-ransomware-attacks-strike-aussie-businesses-with-cybercrime-on-the-rise.html