The 2023 SonicWall Cyber Threat Report claims that IoT malware globally was up 37%, resulting in 77.9 million attacks compared to the 57 million attacks during the same period in 2022. The IoT malware attack volume in Asia rose to 23 million, up 130%. The Nokia 20203 Threat Intelligence Report claims that 60% of attacks … Read more
A recent ABI Research survey reveals that 20% of industrial manufacturers are prioritising network security as their primary defence against cyberattacks. This trend highlights a significant shift in focus as manufacturers increasingly connect and digitise their industrial assets, generating vast amounts of data that require robust protection. As industrial operations become more interconnected, the importance … Read more
The global IT outage caused by a defective software update from CrowdStrike has highlighted the “persistent uncertainty” in the cyber catastrophe bond and insurance-linked securities (ILS) asset class, rating agency AM Best said, also highlighting that there is uncertainty surrounding the tail and potential for loss development, which it seems is misunderstood.On CrowdSrike, AM Best … Read more
COMMENTARY: Technical debt has become the foremost self-imposed cyber threat within enterprises. But what are we talking about? Why does it happen? And, how can enterprises ensure that obsolete hardware and unattended software aren’t inadvertently leaving the network open to risk? McKinsey defines technical debt as the “tax” a company pays on any development to … Read more
Ransomware and Data Breaches: The Hidden Costs and How to Protect Your UK Business Few things are as damaging—and potentially devastating—to a business as a ransomware attack or a data breach. For UK Small to Medium-sized Businesses (SMBs), these cyber threats can hit especially hard, with severe financial repercussions, disrupted operations, and often a damaged … Read more
