Three in five (60%) organizations would consider paying an extortion demand in the event of a ransomware attack, according to a new study by the Neustar International Security Council (NISC). The research also revealed that one in five businesses would be prepared to spend 20% or more of their annual revenue to restore their systems in these situations. The findings have come amid a surge in high-profile ransomware incidents in recent months, many of which have…

Hundreds of thousands of retail customers had their personal data exposed thanks to a misconfigured cloud storage account, Infosecurity has learned. A research team at reviews site WizCase traced the leaky Amazon S3 bucket to popular Turkish beauty products firm Cosmolog Kozmetik. The 20GB trove contained around 9500 files, including thousands of Excel files which exposed the personal information of 567,000 unique users who bought items from the provider across multiple e-commerce platforms. Although the research team discovered…

President Biden and his team have warned the Putin administration of 16 critical infrastructure entities that are off-limits for threat actors operating from Russia. The news came as the two leaders sat down in Geneva for a summit which Biden said was designed to ensure a “stable and predictable” relationship between countries following the turmoil of the Trump years. After an audacious attack on Colonial Pipeline, which disrupted fuel supplies on the East Coast for days,…

What does ‘good customer service’ mean to you in 2021? A friendly greeting when you enter a shop? Quickly fixing any issues with deliveries? Or, perhaps the company you entrust with your data maintaining strong security and privacy practices? It’s been a long time since digital technology was a special interest topic. Product launches, business deals, and new innovations were once reported on only in industry magazines – now, you’d be hard pressed to find…

Data breaches are costing organizations millions of dollars on average. In its 2020 Cost of a Data Breach Report, IBM found that a data breach cost the average organization $3.86 million. This price tag was even greater for organizations located in the United States and operating in the healthcare industry at $8.64 million and $7.13 million, respectively. What’s behind this price tag, you ask? It could be the fact that it took organizations 280 days…