Guest blog by Andrew Tang, Service Security Director at MTI Technology With a fantastic turnout at CLOUDSEC 2016, attendees comprised of security and IT practitioners from numerous industries. Despite these varying sectors, one thing became abundantly clear: the same issues are keeping IT security professionals awake at night – securing cloud environments, securing privileged access accounts and user education. Continue reading →
It might still be the summer holidays for many people but the cybersecurity news cycle is in overdrive. In the past week alone several international incidents have had the headline writers rubbing their hands. But while allegations of Kremlin interference in US elections and Chinese hackers targeting Australian defence organisations sell newspapers, the dangers in cyberspace are far broader than state-sponsored espionage.
And at the CLOUDSEC UK conference in London next week, global CISOs, academics, Trend Micro specialists, industry experts and more will gather to share their wisdom. It’s set to be a must-see event, offering IT decision makers and business leaders unparalleled insight into how to best protect their organisation, from those in the know. Continue reading →
Sometimes being right is a double-edged sword when it comes to cybersecurity. Trend Micro predicted late last year that 2016 would be the year of online extortion. And lo and behold, over halfway into 2016, ransomware is breaking all records: we discovered 79 new families in the first six months of this year alone; a 172% year-on-year increase. That’s no comfort, of course, to the countless organisations around the world that have suffered at the hands of the online extortionists. Meanwhile, Business Email Compromise (BEC) scams have already netted cybercriminals an estimated $3 billion in profits.
The latest figures from Trend Micro tell us organisations in EMEA are most at risk globally from ransomware. Together with whaling (BEC) attacks, they represent a major challenge for IT security leaders and one that needs to be addressed with urgency. For those looking for some inspiration, the upcoming CLOUDSEC conference in London will offer the perfect opportunity to learn best practice in this space. Continue reading →
When will we be finally rid of ransomware? I imagine CISOs up and down the land repeat the same question most every day. Because it’s on a near daily basis we hear of yet another new variant causing havoc around the world. Most recently, reports have focused on new strains being offered “as-a-service” for non-technical cybercriminals to disseminate, ensuring the outbreak has now reached epidemic proportions. The truth is that until all organisations start refusing to pay the ransom, and/or get better at security basics, there’ll always be enough profit to keep the black hats interested.
At our CLOUDSEC conference in London next month we’ll be explaining exactly how businesses can take control back from the bad guys and start getting proactive about locking down ransomware risk. Continue reading →