More than two-thirds (70%) of cybersecurity professionals believe that the issue of ransomware is being exacerbated by cyber-insurance payouts to victim organizations, according to a new study by cybersecurity firm Talion. The survey of 200 UK cybersecurity professionals also unveiled some worrying findings about reporting ransomware attacks to law enforcement. When asked why so many attacks are not reported, nearly half (45%) of respondents said that they believe businesses think law enforcement slows down ransomware recovery and they…

Verizon aims to find out by testing the technology, which is geared at enhancing encryption methods using session key exchange security mechanisms, the carrier said. Image: iStock/Melpomenem Verizon said it is testing how a quantum-safe virtual private network (VPN) can enhance the protection of data now in order to thwart hackers in the future. As quantum computers become more advanced, they will have the potential to break today’s public key encryption ciphers. “Theoretically, hackers could…

Developing more innovative hiring practices is crucial to attracting more talent to the cybersecurity industry, according to panelists speaking during a recent RSA webcast. The event was held amid growing efforts from the US federal government to attract new candidates to the cybersecurity industry to close the burgeoning skills gap. Barbara Endicott-Popovsky, executive director of Center for Information Assurance and Cybersecurity and professor at the University of Washington, stated: “It’s been frustrating to watch the lack of awareness of…

A drug dealer has been given a ten-year jail sentence after officers monitored his encrypted communications with other suppliers, according to the National Crime Agency (NCA). Lee Broughton, 40 from Epsom, was sentenced last week at Kingston Crown Court after pleading guilty back in April to supplying cocaine. His case was one of the many that the NCA is working on as part of Operation Venetic, after international law enforcers cracked a popular encrypted chat platform….

Individuals and organizations lost three times more money to cybercrime and fraud in the first half of the year compared to the same period in 2020, as incidents soared, according to new figures. The data comes from the National Fraud Intelligence Bureau (NFIB), which collects reports of cybercrime and fraud from Action Fraud, the UK’s national reporting center for such crimes. It revealed that between January 1 and July 31 2020, victims lost £414.7m to…

The CEOs of some of the world’s biggest tech companies are set to meet President Biden today to discuss how their products can improve the security of America’s businesses and critical infrastructure providers, according to a report. Apple boss Tim Cook, Amazon CEO Andy Jassy and Microsoft supremo Satya Nadella are attending the meeting. At the same time, the CEOs of Google, IBM, JP Morgan Chase and utility firm Southern Co have also been invited,…