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Singapore financial sector conducts physical and cyber attack simulation to test business continuity

Singapore financial sector conducts physical and cyber attack simulation to test business continuity

News   •   Aug 25, 2017 08:59 BST

The Association of Banks in Singapore (ABS) recently conducted a large-scale industry-wide exercise for the financial sector involving simulated terrorist and cyber attacks (code-named Exercise Raffles) to test their business continuity arrangements.

Two in three bosses at the UK's biggest businesses not trained to deal with a cyber attack

Two in three bosses at the UK's biggest businesses not trained to deal with a cyber attack

News   •   Aug 22, 2017 15:03 BST

The UK's top firms and charities urgently need to do more to protect themselves from online threats, with 1 in 10 FTSE 350 companies operating without a response plan for a cyber incident, and only 6% of businesses completely prepared for new data protection rules, according to the UK Government's ​FTSE 350 Cyber Governance Health Check.

Hackers target retail industry as cyber attacks double in just one year

Hackers target retail industry as cyber attacks double in just one year

News   •   Aug 18, 2017 16:46 BST

The risk of a data breach is increasing in the retail industry as retailers accumulate more and more personal information on their customers as part of their ‘Big Data’ initiatives. As such, the number of retail businesses reporting data breaches to the Information Commissioner's Office has doubled in just one year, jumping from 19 in 2015/16 to 38 in 2016/17, says law firm, RPC.

Malicious insiders considered the most damaging threat vector for organizations

Malicious insiders considered the most damaging threat vector for organizations

News   •   Aug 15, 2017 16:52 BST

The importance of managing internal threats to win at cyber security has been emphasised in a study by ​Haystax Technology and ​SANS which found that 40% of respondents to their survey rated malicious insiders (insiders who intentionally do harm) as the most damaging threat vector their companies faced.

Employees pose the greatest GDPR compliance risk

Employees pose the greatest GDPR compliance risk

News   •   Aug 14, 2017 09:21 BST

6 in 10 organizations view their employees as the biggest threat to successful GDPR adherence and 4 in 10 believe that their current IT systems could also pose compliance risks, according to a GDPR awareness survey conducted by bluesource.

Ransomware attacks caused a fifth of infected SMEs to cease business operations immediately

Ransomware attacks caused a fifth of infected SMEs to cease business operations immediately

News   •   Aug 10, 2017 09:00 BST

More than one-third of businesses have experienced a ransomware attack in the last year, and more than one in five (22%) of these impacted businesses had to cease operations immediately, according to a study by Malwarebytes.

Nearly three-quarters of SMEs are not prepared for cyber security risks

Nearly three-quarters of SMEs are not prepared for cyber security risks

News   •   Aug 09, 2017 09:00 BST

Nearly all (96%) of small to medium-sized enterprises (100 to 499 employees) in the US, UK, and Australia believe their organizations will be susceptible to external cyber security threats in 2017, according to a study by Webroot. Yet, although businesses recognise the growing threats, 71% still admit not being ready to address them.

Ransomware attacks steal headlines, but accidental data breaches remain a major cause of loss

Ransomware attacks steal headlines, but accidental data breaches remain a major cause of loss

News   •   Aug 08, 2017 09:00 BST

Ransomware attacks continued their rise in the first half of 2017, up by 50% over the first half of 2016. Hacking and malware attacks (of which ransomware attacks form a growing part), continue to be the leading cause of breaches, accounting for 32% in a study conducted by Beazley.

Nearly a million UK SMEs suffered a cyber security breach in the last year

Nearly a million UK SMEs suffered a cyber security breach in the last year

News   •   Aug 07, 2017 14:00 BST

Almost one in six (16%) SMEs have fallen victim to a cyber attack in the last 12 months, equating to more than 875,000 nationwide, according to the findings of a study conducted by Zurich. Businesses in London are the worst affected with almost a quarter (23%) reporting that they have suffered a breach within this period.

Nearly a quarter of emails already passed through security systems are still unsafe

Nearly a quarter of emails already passed through security systems are still unsafe

News   •   Aug 04, 2017 09:00 BST

There is a continued challenge in securing our organizations from malicious attachments, dangerous file types, impersonation attacks, as well as spam, with nearly a quarter emails being delivered to users’ inboxes still being deemed 'unsafe'. This is according to a report published by Mimecast which indicates the need for organizations to enhance their cyber resilience strategies.

Staffing woes hamper incident response teams

Staffing woes hamper incident response teams

News   •   Aug 03, 2017 09:00 BST

40% of organizations say they are not able to measure incident response, and even Verizon was notably slow in responding to a potential data breach last month, according to a new study by Demisto.

DDoS could disrupt the UK’s Brexit negotiations and cause outages worldwide

DDoS could disrupt the UK’s Brexit negotiations and cause outages worldwide

News   •   Aug 01, 2017 09:00 BST

IT security professionals predict that DDoS attacks will get larger and more significant in the year ahead, and are already preparing for attacks that could disrupt the UK’s Brexit negotiations and cause outages worldwide, according to new research from Corero Network Security.

UK SMEs under prepared to respond to rising security threats

UK SMEs under prepared to respond to rising security threats

News   •   Jul 31, 2017 15:00 BST

​UK SMEs are under prepared to respond to a crisis scenario, despite their awareness that security threats are rising and 44% expecting to face some form of attack in the near future. This is the key finding of research commissioned by ​Arthur J. Gallagher that focused on evaluating business resilience.

TNT cyber attack still hitting small firms

TNT cyber attack still hitting small firms

News   •   Jul 28, 2017 14:00 BST

The NotPetya ransomware attack which struck a month ago, on the very day the Business Continuity Institute launched its Cyber Resilience Report, is still affecting many organizations, with the Federation of Small Businesses (FSB) reporting that it has serious concerns over the continuing impact on TNT's small business customers.

Singapore organizations are unprepared for cyber attacks

Singapore organizations are unprepared for cyber attacks

News   •   Jul 28, 2017 09:00 BST

While the majority of organizations in Singapore believe that cyber security is important and seek guidance from IT security experts, almost all (91%) of them are still at the early stages of security preparedness, according to a survey conducted by Quann and IDC.

The threat of ransomware is escalating

The threat of ransomware is escalating

News   •   Jul 27, 2017 09:25 BST

Ransomware has soared since 2012, with criminals lured by the promise of profit and ease of implementation. The threat continues to evolve, becoming stealthier and more destructive, increasingly targeting organizations more than individuals because the potential returns are much higher.

Cyber threats rapidly evolving and increasing in magnitude

Cyber threats rapidly evolving and increasing in magnitude

News   •   Jul 25, 2017 09:21 BST

The Internet of Things continues to offer new opportunities for cyber criminals, and its security weaknesses, ripe for exploitation, will play a central role in enabling these campaigns with escalating impact, warns Cisco in its latest Midyear Cyber Security Report.

Employees regarded as an organization's greatest asset but also one of the biggest data security risks

Employees regarded as an organization's greatest asset but also one of the biggest data security risks

News   •   Jul 24, 2017 09:10 BST

IT professionals believe that compliance and regulation and the unpredictable behaviour of employees will have the biggest impact on data security, according to a survey commissioned by HANDD Business Solutions.

UK business leaders less aware of digital risks than European counterparts

UK business leaders less aware of digital risks than European counterparts

News   •   Jul 20, 2017 09:21 BST

UK business leaders identify far fewer risks affecting their businesses, when compared to Germany and France, according to research from the Gowling​ WLG, suggesting an overly optimistic picture among UK business leaders. UK respondents consistently identified between 2% and 25% less than non-UK respondents for each risk area analysed.

Less than half of global executives believe GDPR compliance is relevant to their business

Less than half of global executives believe GDPR compliance is relevant to their business

News   •   Jul 19, 2017 09:12 BST

One in eight global business decision makers believe that poor information security is the ‘single greatest risk’ to the business, according to a study by NTT Security, which also found that 57% believe a data breach to be inevitable at some point.