VMware users anxious about costs and ransomware threats
VMware customers have growing concerns about the state of the virtualization software and the company behind it – ranging from rising licensing costs, ransomware …
Financial crime compliance costs exceed $206 billion
The growing complexity of compliance regulations and ever-evolving criminal methodologies are a major difficulty for financial institutions, according to LexisNexis Risk …
Cybersecurity budgets show moderate growth
Despite the economic uncertainty and inflation, security budgets generally continued to rise but at a lower rate than prior years, according to new research from IANS and …
The clock is ticking for businesses to prepare for mandated certificate automation
Many organizations are unprepared for sweeping industry changes that call for mandated certificate automation, according to GMO GlobalSign. There could be significant changes …
Ransomware groups are shifting their focus away from larger targets
One in every six ransomware attacks targeting US government offices was traced back to the LockBit ransomware group, according to Trend Micro. Overall ransomware attack victim …
High number of security flaws found in EMEA-developed apps
Applications developed by organizations in Europe, Middle East and Africa tend to contain more security flaws than those created by their US counterparts, according to …
Cloud service inefficiencies drain IT budgets
71% of IT professionals stated that cloud-related costs make up 30% or more of their total IT spend, according to Aptum. In the current demanding economic environment, …
IT workers see generative AI as a serious threat to their profession
While many IT workers see the productivity benefits of AI, 56% believe it benefits employers more than employees, according to Ivanti. Additionally, 63% are concerned …
Balancing cybersecurity with convenience and progress
Changing approaches to cybersecurity have led to slow but steady progress in defense and protection. Still, competing interests create a growing challenge for cybersecurity …
Current ransomware defensive efforts are not working
Despite some positive developments, the impact of ransomware attacks remains high, according to SpyCloud. Infostealer infections preceded 22% of ransomware events for North …
Despite rising insider risk costs, budgets are being wasted in the wrong places
The cost of an insider risk is the highest it’s ever been, as organizations spend more time than ever trying to contain insider incidents, according to DTEX Systems. The …
Ransomware cyber insurance claims up by 27%
Overall cyber insurance claims frequency increased by 12% in the first half of 2023, according to Coalition. Increase in ransomware claims frequency Coalition found that both …
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