Cybercrime costs organizations an incredible $1.79m every minute, according to RiskIQ’s 2021 Evil Internet Minute Report. The study, which analyzed the volume of malicious activity on the internet, laid bare the scale and damage of cyber-attacks in the past year, finding that 648 cyber-threats occurred every minute. The researchers calculated that the average cost of a breach is $7.2 per minute, while the overall predicted cybersecurity spend is $280,060 every minute. E-commerce has been heavily hit by online…

Nearly two-thirds (36%) of IT leaders are not disclosing breaches for fear that they may lose their job, complicating efforts to enhance security, according to new research. Keeper Security polled 1000 UK IT decision-makers at businesses of between 100 and 5000 employees to compile its 2021 Cybersecurity Census Report. It revealed that security breaches are widespread: 92% of respondents said their organization suffered one in the past year and over three-quarters (78%) feel unprepared to deal with…

The UK’s data protection regulator has launched an investigation into whether the former health secretary broke the law in using his private email account to conduct official departmental business. Concerns were raised by the Labour Party late last month after Matt Hancock resigned following leaked CCTV footage showing the married Tory MP in a romantic embrace with an advisor. They revolve around question marks over whether government contracts for PPE and other items were awarded…

Microsoft has now released a patch for all Windows versions affected by the PrintNightmare zero-day, but researchers have already found a way to bypass the fix in attacks. As predicted, Microsoft this week pushed an out-of-band patch for CVE-2021-34527, which now has a CVSS “high severity” score of 8.2. The incomplete initial release on Tuesday was followed up a day later with a version which covered the remaining unpatched products: Windows Server 2012, Windows Server…

Organizations have multiple reasons for embracing a multi-cloud strategy. First, it enables them to avoid “vendor lock-in” where they need to rely on a single vendor for all their cloud-based needs. Second, it empowers them to take advantage of the perks offered by several cloud service providers at once. Lastly, such a strategy helps to protect them against data loss and/or downtime, as an issue in one environment won’t necessarily spill over into another. But…

The threat of cyber security incidents looms over all organisations. There are simply too many things that can go wrong – whether it’s a cyber attack, a technical malfunction or another delay – to assume that operations will always be functional. And when disaster strikes, time is of the essence. The longer it takes to respond, the more likely it is the costs will escalate. That’s why it’s essential to have an incident response plan….