Category Archives: Cybercrime

Offering In-House Security Teams a Helping Hand with Threat Detection and Response

by Jamie Holmes

Trend Micro blocked over 94 billion cyber-threats last year, a double-digit increase over 2020. But not everyone has the benefit of our threat detection technologies. And increasingly, bad actors are finding ways to infiltrate corporate networks without even using malware. That’s made detection and response a critical function for security operations (SecOps) teams. But many organisations are struggling with skills shortages, funding challenges and under-powered technology.

The bottom line is that when it comes to SecOps, the best choice is increasingly to outsource to the experts.

Continue reading

Why the pace of cyber change is racing ahead of boardroom engagement 

by Bharat Mistry

Humans are addicted to stories. But sometimes the stories we tell are overly simplistic. In cybersecurity, a recurring narrative is one of C-suite executives perpetually at odds with IT leaders. They’re disinterested in what the security team does, and release funds begrudgingly and often reactively once a serious incident has occurred. This leads to mounting cyber risk, and an increasing likelihood that the organisation will suffer serious reputational and financial damage stemming from future incidents—or so the story goes.

In reality, things are more nuanced, as new Trend Micro research reveals. And they’re far from beyond the point of repair. But closer IT-board engagement is a must if these organisations are to avoid the mistakes of the past and build a security-by-design culture that permeates enterprise-wide.

Digital means risk
We all know the story of the past two years. Mass digital investments in SaaS collaboration suites, cloud infrastructure and other tools helped to keep organisations operational when they needed it most. The money continues to flow today, as those same companies realise they must keep on pumping funds into digital to stay competitive amidst rising customer expectations. Gartner predicted public cloud spending growth would hit 23% year-on-year in 2021 and increase 20% this year to top $397bn.

From a cybersecurity perspective, these business decisions are loaded with risk if protections are not built into projects from the start. Our recent global poll revealed that of 90% of business and IT decision makers are concerned about the impact of ransomware. It also found generally poor levels of cyber-awareness among board members. Less than half (46%) of respondents claimed concepts like “cyber risk” and “cyber risk management” were known extensively in their organisation. 

The landscape is changing fast
Yet things are not as bad as they seem at first glance. The largest group of organizations (42%) claimed they spend most funds on tackling cyber-attacks, rather than the usual business suspects of digital transformation (36%) and workforce transformation (27%). Half claimed they’d recently invested in mitigating the risk of ransomware attacks and breaches.

Continue reading

What will retail security look like in 2030?

by Olivia Edwards

The COVID-19 pandemic has made us all online shoppers. But the rest of the decade will see innovation on a far greater scale and across all channels. That’s going to be great for shoppers. And it will offer retailers previously untapped opportunities to drive operational efficiencies, improve the reliability of supply chains and optimise the customer experience. But while greater profits and burnished brand reputation await, so does cyber risk. 

No single vendor will hold the answers, but by anticipating what retail might look like in 2030, organisations can at least get a head start on planning for the future.

Continue reading

How the UK’s education sector can tackle a new ransomware spike: Pt 3

by Jonathan Wharton-Street

The UK’s schools, further education colleges and universities are increasingly in the crosshairs of global threat actors. Why? Because they’re viewed as easy and potentially lucrative targets: with few resources to spend on cybersecurity, but at the same time under great pressure to keep classrooms open. Combined this with large volumes of sensitive personal and financial data and you have a perfect target for a ransomware group. 

In the previous two parts of this blog series, we explored the main threat vectors used by these groups, the potential impact of attacks, and recommendations from the National Cyber Security Centre (NCSC) on how to stay secure. 

Now it’s time to offer our own advice for education institutions, and show you how Trend Micro products can help.

Continue reading