Several CISOs have said that their cybersecurity budget comes from the ROI and contribution it adds to the business. Making sure the business is secure while creating growth and profit is what makes cybersecurity a business decision.
The navigation company became the victim of a ransomware attack on Thursday. The attack left many Garmin systems offline, including fitness apps, aircraft navigation systems, and customer service centers. Garmin factories even had to close production lines.
Data leaks that occur today may not even be harmful for years to come. With personal information being sold, traded, and bought all over the dark web, long term security issues can emerge. Private information gathered throughout the next 5 years could help cyberattack hold an entire business network hostage.
Cybersecurity budgets are usually the first to get cut, even in a pandemic when phishing attacks have increased more than 600%. One of the biggest issues that companies are facing is the lack of funds for an up-to-date cybersecurity team/program.
Researchers at a cyber security company have published a report that shares the details of these dark web data auctions. Once the data is put up for auction, anyone with dark web access can bid on it. No identity proof is required, only a simple CAPTCHA checkpoint. The highest bid must be paid in cryptocurrency, which is untraceable.
A cyber-attack targeting a major power grid could completely shut down an entire economy. The attack could be so widespread that it could knock out the power for many large cities, resulting in disastrous damages.
There have been more than 100 law firms that have reported data breaches since 2014. Since about 20 states do not require that law firms report data breaches, that number is definitely higher.
Most of the reported breaches occurred through phishing attacks, with some through hacking or security lapses.
There is a new type of malware that has recently appeared on Android phones throughout the world. The malware can steal personal information, bank details, and can read your text messages. Once the phone is infected, it uses the users contact list to spread itself through text messaging.
Many popular twitter accounts have been hacked in a giant bitcoin scam. The accounts include Bill Gates, Elon Musk, Jeff Bezos, Apple, Uber, Kanye West, and many more. The twitter accounts seemed to all be simultaneously hacked, as the tweets were all identical and carried out at the same time.
After auditing dark web forums and marketplaces for 18 months, the report found a 300% increase in the number of stolen account logins since 2018. Now there are 15 billion stolen usernames and passwords from over 100 thousand data breaches.
These cyber threats are both foreign groups trying to steal coronavirus related information and cybercriminals trying to exploit users working from home. Health agencies have reported an increase in cyber threats as well, as they are a very profitable target for cyber criminals.
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