When a business suffers from a cyberattack, there is a very clear and immediate cost as a result. Sensitive, confidential information has been compromised.
The average direct cost associated with such a data breach for an enterprise with more than 1,000 employees is $551,000.
Financial institutions continue to be big targets for organised attacks and face multi-channel threats from the same location or simultaneous attacks on a single access point from multiple locations across the globe.
This is the result of the new ThreatMetrix report on Cyber Crime which identify more than 100 million cyber attacks made on transactions in the final three months of 2015, up 80% on levels recorded for the corresponding period the previous year.
According to a recent research NTT Com Security, two-thirds of UK business are resigned to suffer a security breach.
Although there’s been a slight improvement on the budget percentage to be put towards security, still two-thirds of the 1000 respondents are resigned to suffering a security breach at some point in the future, with the cost of recovering from an attack reported to start from around $1 million.
Rome 4 February 2016 - The final version of the 2015 Italian Cyber Security Report has been published today to help shape the national cyber security framework.
It is easy to feel overwhelmed by the characteristics of cyberspace that makes risk assessment hard, such as the complexity of systems, lots of dependencies to external and internal factors, and threats that can reside anywhere in the world.
However, there is also an upside.
On 25th January 2016, at the International Cybersecurity Forum in Lille, the European Cybersecurity Industry Leaders (ECIL) workgroup presented a report to European Commissioner for the Digital Economy Gunther Oettinger, focusing on the need to make the EU more trustworthy and digitally secure.
Representatives from business, government and research gathered in Oslo for SINTEF's annual seminar on cyber security on 22 January to debate challenges and best practices.
Key takeaways from the event are:
#1: Some of the most severe cyber-attacks, such as DDOS, are very easy to execute. Be prepared! Skandiabanken at SINTEF seminar on cyber risk.
ENISA publishes a good practice guide on Vulnerability Disclosure, aiming to provide a picture of the challenges the security researchers, the vendors and other involved stakeholders are confronted with when disclosing software/hardware vulnerabilities.
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