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EDITOR’S NEWS

Online banking security incidents come with a $1.8 (£1.4) million price tag for banks

The crippling financial implications of online banking security incidents have been brought to light by the latest Kaspersky Lab report into cybersecurity threats in the financial sector. The report shows that an accident involving a bank’s online banking services costs the organisation $1,754,000 (£1,371,000) on average – that’s double the price of recovering from a malware incident, which costs as ... Read More »

A ‘keep everything’ culture puts most businesses at risk of non-compliance with upcoming legislation

The deadline for complying with the new General Data Protection Regulation (GDPR) is just a year away, yet the majority of businesses are struggling to implement good information governance because they fail to engage employees to help establish and enforce an organisation-wide policy for dealing with information. According to the latest study from Cohasset Associates and ARMA International, a ‘keep ... Read More »

Gartner Identifies the Top Technologies for Security in 2017

Gartner, Inc. today highlighted the top technologies for information security and their implications for security organisations in 2017. Analysts presented their findings during the Gartner Security & Risk Management Summit, being held in the US through Thursday. “In 2017, the threat level to enterprise IT continues to be at very high levels, with daily accounts in the media of large ... Read More »

CISOs, Your Cloud is 25 Times Larger than You Think

A recent global study from Symantec, a world leader in cyber security, reveals that U.K. CISOs still fail to grasp the security risks their organisations face due to the rampant use of unsanctioned cloud applications. From popular productivity apps to free file transfer services, cloud apps are becoming increasingly popular within organisations. However, many of them are unsanctioned and downloaded ... Read More »

Almost a third of the UK public want political parties to erase their data

Almost a third (30 per cent) of the general public would welcome the right to get their personal data erased from records held by political parties and associated organisations, according to a poll1 of UK attitudes commissioned by SAS. With political parties increasingly targeting voters based on demographic and psychographic information, the study investigated attitudes around how voters’ personal data ... Read More »

3 Cybersecurity Risks It’s Time to Outgrow

Sun Tzu probably would have suffered a stroke if you told him that thousands of years in the future, sprawling and complex communications systems capable of semi-autonomous thought would unify communications across the globe and make the business world reliant on a finite set of technologies. While the context is different, “know thine enemy” is a concept as applicable to ... Read More »

Netskope Report Reveals Nearly 10 Percent of DLP Violations Come From Collaboration Cloud Services

Netskope, the leader in cloud security, today announced the release of the June 2017 Netskope Cloud Report™ on enterprise cloud service usage and trends. According to the report, cloud DLP policy violations in collaboration services like Slack and HipChat are on the rise, accounting for nearly 10 percent of total violations this quarter. These services have skyrocketed in popularity as ... Read More »

Flaw in Virgin Media Super Hub leaves it open to attack

Researchers from Context Information Security have discovered a flaw in Virgin Media wireless home routers, allowing them to gain unauthorised administrative-level access to the devices. After reverse engineering software from the Super Hub 2 and Super Hub 2AC, manufactured by Netgear, Context’s Jan Mitchell and Andy Monaghan discovered vulnerabilities in a feature allowing users to create backups of their custom ... Read More »

Dvmap: Android Malware with a New Technique for Controlling Devices appears on Google Play

Kaspersky Lab experts have discovered an unusual new Trojan being distributed through the Google Play Store. The Dvmap Trojan is capable not only of obtaining root access rights on an Android smartphone, it can also take control of the device by injecting malicious code into the system library. If successful, it can then delete root access, which helps to avoid ... Read More »

Synopsys Research highlights the Pervasive Use of Outdated and Insecure Third-Party Software

Synopsys, Inc. have today released ‘The State of Software Composition 2017’ report, following their recent investigation into the security of the software supply chain- arguably one of the most significant challenges the software industry is currently facing. Using their own software composition analysis product, Protecode™ SC,  Synopsys analysed real-world data, over a 12-month period (Jan 1st 2016- Dec 1st 2016). ... Read More »