Fraudsters intercept corporate debit cards and swap out chips in new scam

Criminals have devised a new scheme that aims to drain the bank accounts of large corporations. US authorities are alerting banks to a new type of payment card fraud that is targeting chips in debit cards sent through the mail, a report by KrebsOnSecurity reveals. According to a warning issued by the United States Secret Service in … More Fraudsters intercept corporate debit cards and swap out chips in new scam

It’s time that companies became more cyber-resilient

This year, we have seen some of the most high-profile victims of cybercrime across the world, including the NHS in the UK, and the attack on Equifax that impacted millions of people in several countries. The damage has not only cost companies money, it has also hit their reputations hard. Yet despite the impending threats and, as cyberattacks only … More It’s time that companies became more cyber-resilient

Critical security flaw leaves Fortune 100 firms vulnerable

Fortune 100 companies could be open to hackers after a security vulnerability was discovered in widely used server software, security researchers have said. The discovered weakness would allow hackers to remotely run code on servers that utilize the REST plugin from Apache Struts, and it is reported that all versions since 2008 are affected. Due to the … More Critical security flaw leaves Fortune 100 firms vulnerable

OneLogin: Businesses vulnerable to data breaches by ex-employees

Businesses leave themselves open to potential data breaches through their ex-employees by failing to disable their access to the corporate network, according to a new study by OneLogin. Over half (58%) of ex-employees are still able to access all corporate applications after leaving the business. Furthermore, this is a proven risk, with 24% of businesses being subject to data … More OneLogin: Businesses vulnerable to data breaches by ex-employees

Employees have “low cyber IQ” despite high corporate confidence

Employees on both sides of the Atlantic lack a basic understanding in cybersecurity, in stark contrast with businesses’ high confidence in their cybersecurity capabilities. That is the main finding of a new survey conducted by Willis Towers Watson, which found that 63% of UK businesses believe their systems to be highly protected with the necessary … More Employees have “low cyber IQ” despite high corporate confidence

$8 trillion ‘to be lost to cybercrime in next 5 years’

Businesses are set lose $8 trillion to cybercrime over the course of the next five years, according to a new report. Juniper Research found that enterprises around the world are more at risk due to even greater levels of internet connectivity, as well as “inadequate enterprise wide security”. The paper, titled The Future of Cybercrime … More $8 trillion ‘to be lost to cybercrime in next 5 years’

3 types of employees that can cause a data breach

When it comes to cybersecurity, what type of employee is most likely to cause a data breach? And how can companies protect themselves? We take a closer look. When it comes to cybercrime, it’s easy to imagine that the biggest threat to your company is external. However, more and more companies are realizing that trusted … More 3 types of employees that can cause a data breach