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Cybersecurity

Retailers to Lose 71 Billion Dollars in Card-not-Present Fraud Over the Next 5 Years

June 20 – New data from Juniper Research has found that retailers stand to lose $71 billion globally from fraudulent CNP (Card-Not-Present) transactions over the next 5 years. The research found that a number of factors, such as the USA’s shift to EMV cards, delays in 3DS 2.0 (3D-Secure) and click-and-collect fraud were key drivers behind the rise.

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Cybersecurity Incidents Plague U.S. Finance Operations, According to TD Bank Survey

June 13 – Financial and payment professionals do not anticipate any respite from cyber fraud and cyber attacks in the near future, according to a recent survey conducted by TD Bank. An overwhelming 91 percent of respondents stated they anticipate that payments fraud will become a bigger threat in the next two to three years, up slightly from last year (89 percent).

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Three Technology Innovations Will Change Our Economic Future

June 5 – A handful of rapidly evolving technology sectors will create enormous economic opportunities for the U.S., says Francis Dinha, CEO of OpenVPN, creator of Private Tunnel.

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Spear Phishing Market to Grow at a CAGR of 10.8 Percent between 2017 and 2022

June 5 – The spear phishing market is projected to grow from an estimated USD 840.7 million in 2017 to USD 1,401.6 million by 2022, at a CAGR of 10.8% between 2017 and 2022. Organizations rely heavily on spear phishing solutions whereby filtering spam, data loss prevention, email encryption, and email archiving proves beneficial for organizations. Hence, there is a huge demand for the integration of spear phishing market solutions with other mainstream technologies, which is fueling the growth of the spear phishing market. However, lack of awareness about cyber-attacks is restraining the growth of the spear phishing market.

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Cybercrime Costs to Business Forecast to Exceed 8 Trillion Dollars in Next 5 Years

May 31 – A new report by Juniper Research has found that criminal data breaches will cost businesses a total of $8 trillion over the next 5 years, due to higher levels of connectivity without an appreciation of the additional actions necessary to make such systems secure.

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Cloud Encryption: Bring Your Own Key Is No Longer Enough

By Matt Landrock

May 16 —  ‘Trust’ can be both a terrific enabler and a severe inhibitor in cloud services adoption. Keen to benefit from the cloud’s promise of flexible and scalable on-demand computing, businesses everywhere continue to migrate increasing volumes of critical data off-site and into the hands of third party cloud service providers. Each time this happens, however, they must answer the same question: what guarantees do I need before I can trust this provider to protect my data?

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Banks Confident in Cybersecurity Capabilities But Lack of Real-World Testing Leaves Gaps in Their Defense

Many senior bank executives are confident about their cybersecurity strategy, yet a lack of comprehensive, practical testing is leaving gaps in their defense, according to a new report from Accenture.

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Top Banks Need to Bolster Email Cyber Defenses

April 3 – Trust, from both customers and investors, is the most important currency for financial services companies. A breach of trust can break a bank, while maintaining trust leads to long-term success. At its core, financial services customers expect their banking institutions to protect their money and their information. And it starts with the most basic of 21st century communications – email.

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Non-Malware Attacks Pose More Risk Than Commodity Malware

Carbon Black, a provider of next-generation endpoint security, has announced the results of its latest research report, “Beyond the Hype,” which aggregates insight from more than 400 interviews with leading cybersecurity researchers who discussed non-malware attacks, artificial intelligence (AI) and machine learning (ML), among other topics.

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Increase in Cybersecurity Attacks Expected on Industrial IoT

Tripwire, Inc., a leading global provider of security and compliance solutions for enterprises and industrial organizations, has announced the results of a study conducted in partnership with Dimensional Research. The study looked at the rise of Industrial Internet of Things (IIoT) deployment in organizations, and to what extent it is expected to cause security problems in 2017.

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