By 2021, cybercrimes will cost companies USD 6 trillion, according to a study.
The number of internet users has grown from an estimated at 2 billion in 2015 to 4.4 billion in 2019, but so have the cybercrimes which are expected to cost companies USD 6 trillion worldwide, according to a study by Cybersecurity Ventures.
Similarly, the number of smartphone users has grown from 2.5 billion in 2016 to 3.2 billion in 2019 and is forecasted to grow to 3.8 billion by 2021. Smartphones and the internet will make further inroads to our economic system. But there are certain risks involved as well.
Mobile phones are becoming targets of cybercriminals because of their widespread use and increasing computing power. Consider the fact that more than 60 % of online fraud occurs through mobile phones. This threat is not just towards individual users but businesses as well. It does not matter how large the company is either. 43% of the cyberattacks in 2019 were aimed at smaller businesses because they do not have adequate protection.
Medical IoT devices operate in care facility environments that encompass care giving, case management, customer service, and clinic management. As such, the risk of data gathered and managed by medical devices extends beyond the device itself. A compromise of clinic management services can propagate to IoT device command and control, allowing compromise of devices in attacks that do not directly touch the device at all. This is clearly the major driver for the emerging category of “Medical IoT (IoMT) Cyber Security ”
A large hospital for examples could be home to as many as 85,000 connected devices. While each of these devices has a significant role in the delivery of care and operational efficiency, each connected device also opens the door to a malicious cyberattack. A recent report from Irdeto, found that 82 percent of healthcare organizations’ IoT devices have been targeted with a cyberattack within the last year.
Going over the players in this industry, it is clear that the Medical IoT security category includes a number of different approaches with the common target to provide the customer with a clear assets discovery and timely alerting on security breaches and attacks on its Medical environment.
Although many large security players are addressing this niche too, CyberDB identified a number of emerging players that are focusing on this industry and as such we expect them to benefit from the growth in this market. These players are (in alphabetical order):
Breach and Attack Simulation is a new concept that helps organizations evaluate their security posture in a continuous, automated, and repeatable way. This approach allows for the identification of imminent threats, provides recommended actions, and produces valuable metrics about cyber-risk levels. Breach and attack simulation is a fast-growing segment within the cybersecurity space, and it provides significant advantages over traditional security evaluation methods, including penetration testing and vulnerability assessments.
Going over the players in this industry, it is clear that the BAS category includes a number of different approaches with the common target to provide the customer with a clear picture of its actual vulnerabilities and how to mitigate them.
CyberDB has handpicked in this blog a number of exciting and emerging vendors. These players are (in alphabetical order):
Those companies have a number of characteristics in common, including a very fast time to market, successful management team and strong traction. In addition, all of them have managed to raise Series A or B funding over the last 16 months, ranging from $5M to $32M.
According to a study by LogicMonitor, the number of applications hosted on-premises will decrease by 10%, to 27%, by 2020. In comparison, the number of cloud-native, more specifically serverless hosted applications, like AWS Lambda, Google Cloud and Microsoft Azure, will increase to 41%.
The trend to cloud, specifically serverless, and away from on-prem, is not new and of no surprise, as serverless hosted applications provide developers with a faster speed to market and allows for them to release new functionality on a more frequent basis. In addition, it can save organizations bundles in infrastructure costs. It has however left DevSecOps and security teams in a quandary. While they don’t want to impede development efforts, they are left with no choice but to place the security of serverless applications in someone else’s hands.
To alleviate this issue, there are several serverless security best practices that must be put in place in order to properly secure serverless apps launched by the developer.
Businesses need to take their cyber security seriously. There are huge financial implications for being hacked, not just from the perspective of lost revenue and weakened reputation, but also in the form of stricter regulations from laws such as the General Data Protection Regulation (GDPR). However, there are a number of myths about cyber security that make it difficult for companies to know what the best course of action is. Here are four myths about cyber security that are still affecting British businesses.
Myth #1: Cyber security is purely dealt with by the IT department
One commonly held myth that can actually put businesses at risk is the idea that cyber security is something that the IT department (and only the IT department needs to be concerned about). Of course, it is necessary to provide your IT team with the budget and resources to defend your business against the risk of a cyber-attack.
Amazon Web Services (AWS) offers a huge variety of benefits for businesses, and organisations are increasingly opting for cloud solutions for their data, website, and applications. However, there are still some businesses using AWS that have not put the proper cyber security controls in place. Here we take a look at ten great tips to improve your AWS cyber security.
- Understand your responsibilities
When you work with any kind of web services provider you need to understand what you are responsible for and what will be managed by the provider. This is absolutely true in terms of AWS – where Amazon runs its so-called ‘shared responsibility model’. In this model AWS is responsible for protecting the infrastructure of the AWS cloud system including hardware, software, and networking.
On the other hand, you as the customer is responsible for customer data, identity and access management, firewall and anti-virus configuration, and issues such as data encryption. It can sometimes be necessary to work with outside agencies to manage your own cyber security.
Cyber Security and data privacy have always been a hot topic when we talk about IT. There are many places where people can find interesting news, analysis, comments and get informed about the latest threats and how to deal with them efficiently. From developers to security researchers, software companies to security websites and magazines everyone has an opinion on the subject. It is never easy to distinguish between them and when you search for ‘online security blog/news’ you will get thousands of different results.
The following article will try to give you a starting point for which are the top security blogs to get the latest trends and insights. We hope that the following list will be able to spark your interest and broaden your knowledge on this topic. These bloggers are ready to discover major security tricks, tutorials and solutions to problems that people experience on a daily basis.
CyberDB research about Phishing covers different types of phishing techniques, tools and service offering from vendors, market overview and common anti-phishing challenges organizations face.
To download the free report press here
Connected cars are exposed cyber threats. Security vendors are now looking to secure these vehicles in a fast growing sector of the cyber industry- this post is an extract from CyberDB reserach paper regarding this market. To download the complete report, please follow this link
RSAC 2017 is behind us. It has been bigger, noisier and more crowded than any cybersecurity event in history. It’s so big, it’s overwhelming. And if you consider the off-site meetings, mini-conferences, meetups and parties you can forgive an average visitor if he or she feels kind of fuzzy afterward. Vendors don’t have it easy, either. With more than 700 companies and organizations presenting, trying to stand out or simply gauge the competition is extremely difficult.