On Tuesday 27 June reports began flooding in of another WannaCry-style ransomware epidemic causing havoc to organisations around the world. Within hours it had apparently infected big-name firms, utility companies, government departments and many others.
Trend Micro’s global team of threat researchers has been following this rapidly developing ransomware attack campaign closely, so here’s what UK IT leaders need to know. Continue reading →
It’s that time of year again: on Tuesday the doors to Olympia will be flung open as London becomes the de facto centre of the global IT security industry for a few days. Yes, it’s Infosecurity Europe – one of the biggest and best attended events of its kind on the calendar. Trend Micro will be there as always, with a mountain of new research to share and experts on hand to explain why a layered, connected approach to cyber defence is the only effective way for organisations to battle modern threats. Continue reading →
For all the panic it caused, WannaCry looks finally to have been contained by organisations round the globe. But this isn’t the time to forget about it and move on. There are valuable lessons to be learned about this attack, why it was so successful and what can be done to prevent it happening again. The unpalatable truth is that many of those organisations caught out by WannaCry earlier this month could face punitive fines if the same kind of thing happens again in a year’s time.
That’s right: the EU General Data Protection Regulation (GDPR) is coming, adding a whole new level of urgency to firms realising they need a major cybersecurity overhaul after WannaCry. Continue reading →
We’ve been talking about the importance of elevating cybersecurity to the boardroom for decades. And despite the growing number of errant companies out there suffering high profile data breaches over the years, there are many CEOs who still don’t get it. That’s why we were interested to read a new piece of research linking serious cyber incidents for the first time to share price performance.
It revealed that severe breaches on average cost public companies 1.8% of their value, running into £120 million for a typical FTSE100 firm. That should be enough to make any board sit up and take notice, and begin plans to implement effective layered security to mitigate cyber risk.