Tag Archives: Computer security

08Jan/25

UK Banking IT Failures and Security Concerns

January 8, 2025FinanceBank, Cash, Computer security, Digital banking, Economic history of Italy, Financial markets, Reliability engineering, United Kingdomadmin

Jan. 7, 2025 /Mpelembe Media/ — New research from the UK reveals that a significant portion of the British public is keeping cash on hand due to concerns about banking IT failures. One in four Brits report this behaviour, highlighting a growing distrust in digital banking systems. Concerns centre on the frequency of IT outages and the potential for data breaches, impacting consumer confidence. The research underscores the need for banks to improve IT security and transparency to reassure customers. Continue reading →

08Jan/25

$315 Billion Biometric Digital Identity Market

January 8, 2025SecurityBiometric identification by country, Biometric passport, Biometrics, Computer security, Digital identity, Federated identity, Identification, Identity document, Identity management, Surveillanceadmin

Jan. 7, 2025 /Mpelembe Media/ — The Prism Project’s report on the biometric digital identity market projects a $315 billion revenue opportunity by 2024, driven by increasing adoption across various sectors. Key findings highlight significant growth in biometric and digital identity transactions globally, alongside challenges and opportunities within the industry.
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12Oct/24

As an ethical hacker, I can’t believe the risks people routinely take when they access the internet in public

October 12, 2024SecurityAlexander Supertramp, Christopher Patrick Hawkins, Computer security, Creative Commons, Cyberattack, Cybercrime, Cyberwarfare, Evil twin, Internet security, Malware, Phishing, Security breaches, Social engineering, Supply chain attackadmin

Christopher Patrick Hawkins, University of Staffordshire

In the modern world we are all constantly connected, but this comes with risks. As most cybersecurity specialists will tell you, the biggest vulnerability in any system is the user – whether at home or work.

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03Oct/24

One in Four CPS-Enabled Organizations Lost $1M+ from Cyber Attacks in Last Year

October 3, 2024SecurityComputer security, Computer systems, CPS, Cyber–physical system, Cyberwarfare, Data security, Physical security, Security, Security convergenceadmin

Claroty, the cyber-physical systems (CPS) protection company, today released new research illuminating the significant business impacts of cyber attacks affecting CPS environments. The report, “The Global State of CPS Security 2024: Business Impact of Disruptions,” is based on a global independent survey of 1,100 infosecurity, OT engineering, clinical & biomedical engineering, and facilities management & plant operations professionals about the business impacts of cyber attacks on their organizations in the past 12 months. Continue reading

28Sep/23

The Hidden Licensing and Security Risks Lurking in Open-Source Software

September 28, 2023SecurityComputer security, Cryptography, Data protection, Information governance, Malware, Regulatory compliance, Walt Szablowskiadmin

Walt Szablowski, Founder and Executive Chairman of Eracent, cautions that there is a blind spot for software asset procurement and management teams when selecting and managing software products. It’s imperative for all application users and developers to understand what licensing requirements and potential security risks are involved in widely used open-source software (OSS). Maintaining compliance and protecting against vulnerabilities requires complete visibility and constant vigilance to ensure legal compliance, protect intellectual property, and avoid costly litigation and security breaches. Continue reading

19Sep/23

New Research Finds Cyberattacks Against Critical Infrastructure on the Rise, State-affiliated Groups Responsible for nearly 60%

September 19, 2023SecurityAutomation, Computer security, Cyber PHA, Cyberwarfare, Operational technology, Rockwell Automation, Rockwell Automation Inc., USTadmin

Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation, today announced the findings of its report “Anatomy of 100+ Cybersecurity Incidents in Industrial Operations.” The global study conducted by Cyentia Institute analyzed 122 cybersecurity events that included a direct compromise of operational technology (OT) and/or industrial control system (ICS) operations, collecting and reviewing nearly 100 data points for each incident. Continue reading

29Aug/23

International ransomware gangs are evolving their techniques. The next generation of hackers will target weaknesses in cryptocurrencies

August 29, 2023SecurityAdam Young, Alpesh Bhudia, Anna Cartwright, Beatrix Potter, British Airways, Clop, Coinbase, Computer security, Conti, Creative Commons, Cyberattack, Cybercrime, Dallas, Darren Hurley-Smith, Dorchester, Edward Cartwright, Guilford, Joseph Popp, Malware, Martin, Moscow, Ransomware, Royal, Royal Mail, Russia, Ryuk, SHUTTERSTOCK, Ukraine, United Kingdom, United States, Vitalik Buterin, WannaCry ransomware attackadmin

Alpesh Bhudia, Royal Holloway University of London; Anna Cartwright, Oxford Brookes University; Darren Hurley-Smith, Royal Holloway University of London, and Edward Cartwright, De Montfort University

In May 2023, the Dallas City Government was hugely disrupted by a ransomware attack. Ransomware attacks are so-called because the hackers behind them encrypt vital data and demand a ransom in order to get the information decrypted.

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11Jul/23

Zurich adds cyber insurance offering for middle market businesses

July 11, 2023FinanceComputer security, Cyber insurance, Cyber-security regulation, Cyberwarfare, Insurance, Internet security, Zurich Insurance Group, Zurich North Americaadmin

Zurich North America, a provider of cyber risk solutions for over a decade, has introduced a cyber insurance offering designed specifically for middle market businesses. The Zurich Cyber Insurance Policy Concierge Suite includes not only Cyber Insurance coverage but also loss-prevention and resilience services such as a breach coach and a cybersecurity hotline available 24/7. Continue reading

16Jun/23

World’s biggest cyber attack on European banks.

June 16, 2023SecurityAnonymous, Anonymous Sudan, Computer security, Crime, Cyberattacks, Cyberattacks on Ukraine, Cybercrime, Cyberwarfare, France, Germany, Italy, kaseya, Killnet, National security, Phishing, Ransomware, REvil, Security, Sudanadmin

June 16, 2023 /Security/ — Three hacker groups, Killnet, Anonymous Sudan, and REvil, have reportedly teamed up to launch a “world’s biggest cyber attack” on European banks. The groups have released a video warning of the attack, which they say will target SWIFT, the international payments system.

KillNet is a pro-Russian hacking group that has been active since 2022. The group has claimed responsibility for a number of cyberattacks, including attacks on Ukrainian government websites and infrastructure. Continue reading →

Tag: Computer security