DarkReading.com reported about the Kaspersky “IT security economics part 4: managing your IT security team” that “52% of enterprises have a dedicated IT Security department while some further diversified the workforce – 20% have an internal security operations center and 14% employ a special malware analysis team.”  …

Continue Reading Intelligence-Sharing is complicated and not what you expect it to be!

HelpNetSecurity.com reported that about a study which “…highlighted major concerns for the virtual workforce, with 52% of respondents stating that identity-specific threats are keeping them up at night. For a workforce that is both remote and distributed, decision-makers expressed concern over malicious actors impersonating employees, alongside instances of inappropriate access…

Continue Reading 76% of employees have inappropriate access to sensitive data!

BankInfoSecurity.com reported that there was about “370 million in known 2020 ransomware profits – via ransoms that got paid – which represents a 336% increase over known 2019 earnings…. Ransomware dominated the online-enabled crime landscape in 2020, some security experts say, thanks to the massive profits it’s been generating and…

Continue Reading Ransomware (Cybercrime-as-a-Service – “CaaS”) was very profitable in 2020 – think $370 Million!

My good friend Judy Greenwald at BusinessInsurance.com reported that Aon PLC stated that “Policyholders can expect 20% to 50% rate increases for cyber coverage throughout 2021 as trends that began last year continue at an accelerated pace,…”  The March 4, 2021 report entitled “Cyber insurance rates to increase 20-50%…

Continue Reading 50% increase for Cyber Insurance in 2021!

Darkreading.com reported that “Conspicuously missing from the panel was Amazon Web Services (AWS), which declined the Senate’s invitation to testify — a snub that appeared to rile several senators on the committee. Sen. Richard Burr, R-N.C., pointed out that the attack was waged inside the US, and some secondary command-and-control…

Continue Reading What’s the message about Cloud Contracts since AWS declined to testify to the Senate about SolarWinds?

HelpNetSecurity.com reported that “Smaller firms were hit the hardest (26% of small business fraud had a tie to the virus, as opposed to only 17% for larger companies). Presumably, their potential payouts previously fell below the radar of criminals who now, with the development of greater automation and a backdrop…

Continue Reading Banks’ Top Concern is BEC (Business Email Compromise aka Spearphishing)!

In February 2016 I blogged about “Great news for eCommerce! Congress passes Permanent Ban on Internet Taxes!” but the Washington Post reported “Top lobbying groups backed by Amazon, Facebook, Google and other technology giants sued Maryland on Thursday, seeking to scuttle a new state tax on their massive…

Continue Reading Lawsuit filed challenging a new Internet Advertising Tax!