U.S. moves to ban Kaspersky software in federal agencies amid concerns of Russian espionage.

The U.S. government on Wednesday moved to ban the use of a Russian brand of security software by federal agencies amid concerns the company has ties to state-sponsored cyberespionage activities. In a binding directive, acting homeland security secretary Elaine Duke ordered that federal civilian agencies identify Kaspersky Lab software on their networks. After 90 days, […]

Cybercrime Costs to Reach $8 Trillion by 2022

“Some 2.8 billion data records expected to be breached in 2017, according to a report released today by Juniper Research. Cybercrime costs are expected to saddle businesses with a whopping $8 trillion price tag over the next five years, as connectivity to the Internet rises but security system upgrades don’t keep pace, according to a […]

Hackers’ delight: Businesses put selves at risk for invasion

“David Cingari reaped the benefits of backing up a year ago, when an employee at his catering company came in around 7:30 a.m. to find her computer was taken hostage by ransomware. When she logged in, she got a notification that her files had been encrypted, or locked up so they couldn’t be read, and […]

68% of Healthcare Organizations Have Compromised Email Accounts

“Evolve IP has published the results of a new study that has revealed the extent to which healthcare email credentials are being compromised and sold on the dark web. The FBI has also recently warned about Business Email Compromise (BEC). Email credentials are highly valuable to cybercriminals. A compromised email account can be plundered to […]

Cybercrime: The Price Of Inequality

“Cybercrime costs are projected to reach $2 trillion by 2019 predicts Juniper Research, and $6 trillion by 2021 posits Cybersecurity Ventures. Cybercrime has already cost U.K. business over £1 billion in the past year according to the U.K.’s national fraud and cybercrime reporting center. And the 2016 Norton Cyber Security Insights Report states that global cybercrime hit $126 billion […]