Nearly one in five (18%) ransomware incidents in the US led to a lawsuit in 2023, with 123 filed so far, according to new figures from Comparitech. The number for lawsuits for 2023 is likely to increase, with many data breach notifications still being issued for incidents last year. The analysis showed a growth in the number of lawsuits filed following ransomware attacks in the period from 2018-2023. Across just over 3000 confirmed ransomware incidents…

A new report has laid bare the significant financial and reputational costs stemming from serious cyber-attacks, including what are often unplanned expenses. Netwrix’s 2024 Hybrid Security Trends Report is based on a global survey of 1309 IT and security professionals. It found that 79% of responding organizations detected a serious cyber-attack in the previous 12 months, versus 68% a year ago. Of those: A fifth (20%) lost competitive advantage due to these attacks (up from…

The exploitation of vulnerabilities as an initial access step for a breach increased by a staggering 180% between 2022 and 2023. According to Verizon’s 2024 Data Breach Investigations Report (DBIR), published on May 1, this method of gaining unauthorized access leading to a breach accounted for 14% of malicious actors’ way into a network. It is the third most used after credential theft and phishing. This growth is partly due to the exploitation of the…

Leadership powerhouse Claire Williams OBE will speak at Infosecurity Europe 2024, sharing practical strategies and wisdom honed through her experience of leading the Williams Formula 1 racing team, as announced by Infosecurity Europe. Williams will talk about how to navigate change and develop a team infused with your core values in an exclusive conversation with Infosecurity Magazine on the Keynote Stage on Thursday, 6 June. Due to increasing cyber threats, cybersecurity leaders must ensure that…

So as they experience improved efficiency, accuracy, and personalization of services, excitement grows about the new opportunities AI offers to improve their performance and professional development. “It’s very important for us, before embarking on the implementation of AI, to identify and understand specific use cases that can benefit from this technology,” she says. “So it’s crucial to carefully select which initiatives offer the greatest potential for return on investment and operational improvement.” So as lessons learned…

Is generative AI so important that you need to buy customized keyboards or hire a new chief AI officer, or is all the inflated excitement and investment not yet generating much in the way of returns for organizations? Gen AI takes us from single-use models of machine learning (ML) to AI tools that promise to be a platform with uses in many areas, but you still need to validate they’re appropriate for the problems you…

The UK’s leading cybersecurity agency has announced a new initiative designed to enhance cyber-resilience for organization’s whose mobile infrastructure is targeted by nation states. The National Cyber Security Centre (NCSC) claimed its Advanced Mobile Solutions (AMS) risk model will help “high-threat organizations to stay connected on the go.”   It’s designed to mitigate the threat of consumer-grade devices being targeted by commercial spyware, potentially enabling sophisticated threat actors to use these as a stepping stone…

New DLP Transform revolutionizes insider and data loss programs to enable organizations to consolidate their data defenses across channels and protect data moving to ChatGPT, copilots, and other GenAI tools SUNNYVALE, Calif. – May 1, 2024 – Proofpoint, Inc., a leading cybersecurity and compliance company, and recognized in the 2024 Gartner® Peer Insights™ Voice of the Customer for Data Loss Prevention report as Customers’ Choice, today announced the general availability of Data Loss Prevention (DLP) Transform,…