Executive Summary Since 2018, we estimated that the cost of global cybercrime reached over $1 trillion. We estimated the monetary loss from cybercrime at approximately $945 billion. Added to this was global spending on cybersecurity, which was expected to exceed $145 billion in 2020. Today, this is $1 trillion dollar drag on the global economy. […]
The Hidden Costs of Cybercrime Read More »
The transition to remote work opened a cybersecurity Pandora’s box. While the human workforce always comes with a particular security risk level – due mostly to hackers leveraging targeted phishing tactics via email, text, and phone ad nauseam – COVID-19 shutdowns created a need for rapid enterprise technology implementation despite the risks involved. Consequently, the
The Cybersecurity Pandora’s Box of Remote Work Read More »
An Irresistible Business Model Once thought to be on the decline, successful ransomware attacks against all types of companies and organisations have dotted the headlines in the last two years. In 2019, the FBI’s Internet Crime Complaint Center (IC3) received more than 2000 ransomware complaints, accounting for US$8.9 million in losses. We expect these numbers
The Rise and Rise of Ransomware Read More »
Executive Summary – The cloud imperative for mining The mining industry has envisioned a future where business, human and environmental interests are not competing priorities, but complementary strengths: a “Triple Zero” future of zero harm, zero loss and zero waste. In this Triple Zero future, where zero harm is lived out day-to-day, the health and
The cloud imperative for mining Read More »
A survey by ESET Australia has found that while Australian households are generally well aware of the nature of cybersecurity threats, they are less well prepared to protect themselves from evolving threats targeting smartphones, tablets and the growing number of devices that make up the digital environment within the home. The survey also found that a significant
Major survey finds Australians aware of cyber threats but not fully prepared for them Read More »
With our third edition of Cyber Risk Leaders Magazine closing out the year, there may be a degree of crisis fatigue setting in, but it is way too early for a break. The year has had sustained intensity, driven largely by an adaptation to a global pandemic but also with coinciding, heightened geo-political contestation, nation
Cyber Risk Leaders Magazine – Issue 3, 2020 Read More »
Data security is a leading concern for organizations of all kinds – and it will become even more critical in the coming years. Technological trends and developments are changing the way data is stored, along with the way it needs to be protected. Database systems, no matter what their form, continue to grow larger and
2020 Data Security Index Read More »
Letter from the Editor – Loyalty for Sale: Retail and Hospitality Fraud Welcome to Akamai’s State of the Internet / Security report, Volume 6, Issue 3, Loyalty for Sale: Retail and Hospitality Fraud. Were you prepared for 2020? To be honest, that’s a rhetorical question; almost no one was prepared for this year and what
Loyalty for Sale – Retail and Hospitality Fraud Read More »
Executive summary – Incident Response “Criminals never let a good crisis go to waste,” observes Greg Foss, senior cybersecurity strategist at VMware Carbon Black. This certainly holds true amid the COVID-19 pandemic. In April 2020, the FBI and Secret Service reported a wave of COVID-19- related cybercrimes and threats as criminals capitalized on widespread anxiety,
Global Incident Response Threat Report Read More »
IT teams are showing progress in many battles IT teams are on top of patching. Three quarters of IT teams apply patches to desktops, servers, applications, and internet-facing assets within a week of release. Servers and internet-facing assets are patched most quickly, with 39% of respondents patching them within 24 hours. Prevention is prioritized. On
Cybersecurity: The Human Challenge Read More »
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