New Method Proposed for Secure Government Access to Encrypted Data

Security experts long have maintained that providing any kind of backdoor access to encrypted data as governments everywhere have been demanding is not possible without seriously undermining the overall security provided by encryption mechanisms. Now a pair of researchers from Boston University and Portland State University has developed a first-of-its kind cryptographic technique that they […]

Half of Cyberattacks in the Middle East Target Oil & Gas Sector: Siemens

Oil and gas sector networks in the Middle East have been the target of some of the most aggressive and significant cyberattacks known to the industrial sector to date. Now a new report from Siemens shows three-quarters of organizations there have been hit in the past 12 months by at least one attack that either […]

Have you evaluated the cost of a cloud outage?

New findings from a study by Veritas Technologies, indicate that 60 percent of respondents have not fully evaluated the cost of a cloud outage to their business and are therefore ill prepared to deal with the impact of an outage. While cloud service providers offer infrastructure-based service level objectives, the research indicates that many organizations fail […]

Cybercriminals launder money through mansions, private islands and crypto currency

Cybercriminal proceeds make up an estimated 8-10 percent of total illegal profits laundered globally, amounting to an estimated $80-$200 billion each year, according to a nine-month academic study by Dr. Mike McGuire, Senior Lecturer in Criminology at Surrey University. Many cybercriminals are using virtual currency to make property purchases which convert illegal proceeds into legitimate […]

Cryptojacking Threat Continues to Rise

The latest malware threat doesn’t encrypt your files, delete your data, steal your information, or even deface your website: All it does is steal your productivity and electricity in order to make money for the attacker. And it’s becoming a huge threat to corporate IT. Unethical and criminal cryptocurrency miners have discovered that the cheapest […]

IoT security warning: Cyber-attacks on medical devices could put patients at risk

Poor cybersecurity in Internet of Things (IoT) medical devices potentially poses risks to both the wellbeing of patients as well as to the infrastructure that keeps hospitals running. The Royal Academy of Engineering worked alongside the Petras Internet of Things research hub to produce a report on IoT, cyber-safety, and reliance — and the message is that […]

Are DDoS Attacks Increasing or Decreasing? Depends on Whom You Ask

Distributed denial-of-service (DDoS) attacks remain unpredictable and dangerous for enterprises, but actual details on how the threat is evolving can differ substantially by the reporting source. Two reports released this week, one by Verisign and the other from Nexusguard, indicate a general increase in multivector attacks and an overall decrease in the number of DDoS attacks in the […]

Researchers find 13 critical flaws in AMD’s Ryzen and Epyc chips

It’s high drama on the AMD front as researchers claim to have discovered “multiple critical security vulnerabilities and exploitable manufacturer backdoors inside AMD’s latest Epyc, Ryzen, Ryzen Pro, and Ryzen Mobile processors.” The researchers say that if attackers were to exploit the flaws, then the scenarios range from AMD’s processors being infected with persistent malware […]

Malicious activity surges coincide with geopolitical events

Comodo released its Global Malware Report 2017, which culminates a year of security analysis and research into threat patterns. Among its major findings: 2017 was a year of multiple geopolitical events that corresponded with major malware spikes in enterprise security. Researchers witnessed diverse malware attacks coinciding with geopolitical events, including: U.S. elections: A massive spike in Kryptik […]

Global business spend on cybersecurity to grow 33% over the next 4 years

New data from Juniper Research has found that global business spend on cybersecurity solutions will grow by 33% over the next 4 years, reaching $134 billion annually by 2022. Juniper anticipates that the cumulative cost of data breaches between 2017 and 2022 will reach $8 trillion, with variable per-business losses depending on the nature and scale of […]