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Human-layer’ is the Weakest in Cybersecurity & Responsible for Major Cyber Breaches : Venture Beat

Although Cyber security investment and budgets are going up but there are also sharp increment in cyber breaches across the world and organizations are still struggling to cope up with it.

From breached buyer and consumer information to phishing assaults that result in compromised methods or direct twine fraud, human-layer problems are the number-one purpose of information breaches.

Actually, 88% of information breaches reported to the United Kingdom’s data commissioner’s place of work have been led to through human components. Humans are the weakest link and human layer assaults have an effect on corporations each financially and from a reputation viewpoint. Read More

Distributed disruption: Coronavirus multiplies the risk of severe cyberattacks

The coronavirus pandemic is upending everything we know. As the tally of infected people grows by the hour, global healthcare, economic, political, and social systems are bending and breaking under the strain, and for much of the world there’s no end in sight. But amid this massive wave of disruption, one thing hasn’t changed: the eagerness of cybercriminals to capitalize on society’s misfortune and uncertainty to sabotage, cripple, mislead and steal.

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Remote work and web conferencing: Security and privacy considerations

As more and more people remain at home and work from home due to the COVID-19 pandemic, most of them have been forced to use one or many video and audio conferencing applications out of necessity.

For the same reason, many companies have had to quickly introduce these new tools to their employees, all the while hoping the benefits will outweigh the risks until they have had the chance to introduce protections, policies and more comprehensive training. Read More

Organizations not properly set up to manage risk, coronavirus pandemic reveals

Organizations’ current approach to risk governance is not sufficient to tackle the complex risk environment organizations are facing today, according to Gartner. The COVID-19 pandemic is just the latest in a line of recent risk events showing how organizations are not properly set up to manage risk, especially fast-moving ones.

The research showed that 87% of audit departments say their organization uses a “three lines of defense” (3LOD) model for risk governance. This model states that line management should act as the first line of defense, identifying risks and implementing controls. Read More

Hackers Exploiting Covid-19 Pandemic, Email Phishing Attacks Rise 667% on Business: Barracuda

Barracuda researchers have been monitoring global phishing activity around Covid-19 since the start of the year, recording 137 incidents in January, 1,188 in February, rising to 9,116 in March so far, an increase of 667% since the end of February. This represents 2% of attacks.

Cyber criminals are cashing-in on the COVID-19 crisis by launching a wave of Coronavirus-related email attacks, according to the research.

Hackers are trying variety of phishing campaigns are taking advantage of the heightened focus on COVID-19 to distribute malware, steal credentials, and scam users out of money. The attacks are using the coronavirus as a lure to try to trick distracted users capitalise on the fear and uncertainty. Read More