Cisco Security Report: 34% of Service Providers Lost Revenue from Attacks

“A new type of security threat — “destruction of service” (DeOS) attacks, which could eliminate companies’ backups and safety nets — could cause way more damage to businesses than ransomware. This is according to Cisco’s 2017 Midyear Cybersecurity Report in which the company coined the term DeOS attack. The report says the Internet of Things … Read more

FedEx Reports Material Financial Impact From Last Month’s ‘Petya’ Cyber Attack

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“FedEx Corp. announced that it expects to see a material financial impact from the ‘Petya’ cyber attack that crippled the computer systems of its European arm TNT Express, which FedEx acquired in May 2016. The company made the announcement in its SEC 10K filing. FedEx said that all of its other computer operations were unaffected … Read more

4 Reasons Cybercriminals Have an Edge

Did you know that six years ago, cybersecurity didn’t even rank in the top ten risks prioritized by company boards? Today, we live in a world where cybercriminals seem to have the advantage as they continually find new ways to steal sensitive information. Despite organizations across the globe spending more than ever to manage cyber … Read more

Ransomware Attacks Are Soaring, Says Beazley in Data Breach Report

“Ransomware attacks against businesses will be four times higher in 2016 than last year, with a growing number of ransom-seeking hackers demanding bitcoin rather than money, according to a report by specialty insurer Beazley. The Beazley Breach Insights report is based on the insurer’s client data breaches in the first nine months of 2016. During … Read more