Trends
Get expert insights on the latest developments in cybersecurity to stay ahead of the curve.
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Web3 Cybersecurity: Are Things Getting Out of Control?
In a BNB Chain blog post in early October, the authors announced that about two million BNB crypto tokens were stolen. The value? It was over a whopping $560 million. At the time, the BNB Chain had $5.45 billion in DeFi (decentralized finance) assets. The platform is a part of Binance, the world’s largest cryptocurrency.… Read more
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Where VCs Are Investing in Cybersecurity
Between a plunging stock market, rising interest rates and a slumping economy, raising venture capital has not been easy this year. This has even been the case for high-priority categories like cybersecurity. According to data from PitchBook, venture capital investments have reached about $13.66 billion so far this year, down significantly from $26.52 billion in… Read more
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Healthcare Cyberattacks Lead to Increased Mortality, Lower Patient Care: Ponemon Study
Nearly a quarter of healthcare organizations hit by ransomware attacks experienced an increase in patient mortality, according to a study from Ponemon Institute and Proofpoint released today. The report, “Cyber Insecurity in Healthcare: The Cost and Impact on Patient Safety and Care,” surveyed 641 healthcare IT and security practitioners and found that the most common… Read more
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Security Training: Moving on from Nick Burns Through Better Communication
Twenty years ago, Saturday Night Live nailed a tendency in IT to be overly absorbed in tech-speak and to do a poor job of educating users. The Nick Burns: Your Company Computer Guy skits showed rude IT guys belittling users as they fixed their “stupid” problems. A recent experience highlighted that security awareness training and… Read more
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Cybersecurity Training and Tech Aren’t Enough; ‘Culture Change’ Needed
Companies spend a staggering amount of money on cybersecurity products to defend their networks and data from hackers, but a couple of industry pros say that money is wasted if companies don’t change their internal cybersecurity culture. In September 2021, Cybersecurity Ventures anticipated in a report that the total global cybersecurity spending would exceed a… Read more
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Exfiltration Can Be Stopped With Data-in-Use Encryption, Company Says
Even the most advanced and sophisticated security tools are failing to protect against ransomware and data exfiltration, according to a new report from data encryption vendor Titaniam. The State of Data Exfiltration and Extortion report says that despite heavy investments, more than half of organizations that experienced ransomware attacks ended up paying the ransom. The… Read more
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How One Company Survived a Ransomware Attack Without Paying the Ransom
The first signs of the ransomware attack at data storage vendor Spectra Logic were reports from a number of IT staffers about little things going wrong at the beginning of the day. Matters steadily worsened within a very short time and signs of a breach became apparent. Screens then started to display a ransom demand,… Read more
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New Quantum-safe Cryptography Standards Arrive None Too Soon
A six-year quantum cryptography competition just ended, producing four new security standards selected by the U.S. Department of Commerce’s National Institute of Standards and Technology. The announcement comes on the heels of a few major strides in quantum computing accessibility and speed—and may hopefully stave off the growing quantum security threat. The NIST contest began… Read more
