Tag: Security

Evolution of enterprise mobility will continue in 2017

Vivo

With businesses more commonly embracing mobile-centric strategies throughout 2016, it’s easy to view the past year as a tipping point where companies became serious about mobility. However this doesn’t mean that innovation in enterprise mobility is going to slow down, and 2017 should see the industry accelerate faster than ever. In fact the move toward a mobile only workplace may be happening quicker than many businesses realize, with the recently released Gartner Predicts 2017 Mobile Apps and Their Development forecasting that that by 2022, 70 percent of all software interactions…

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United States Imposes Cybersecurity Sanctions on Russia

Dianne Jacobs

On December 29, 2016, President Obama issued a new executive order that expands the authority of the US Secretary of Treasury to impose sanctions on individuals and entities for cyber-attacks to maintain cybersecurity reports the Business Advisor. This action marks the first-time sanctions have been imposed under the Cybersecurity Sanctions Program established on April 1, 2015, with the designation of nine entities and individuals. The new executive order specifically sanctioned five entities and four individuals in Russia for cyber operations aimed at the US election. The State Department announced that…

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Banks remains top cybercrime targets globally

Dianne Jacobs
Cybersecurity

As digital technology develops, the business organizations continue to experience more transformations and disruptions exposing themselves to more opportunities and threats. Attacks against the finance industry are becoming increasingly sophisticated and highly targeted. The economic crime has as well gone digital as every sector of commerce digitalizes. According to a U.S. cybersecurity report released by IBM, the financial-services industry ranked third in number of cyberattacks in 2015, after health care and manufacturing. Reports also indicate that there were 2.46 million cyber incidents and 2.11 million victims of cyber crime in…

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Cybersecurity still remains a challenge for many companies

Editor
Cybersecurity

Awareness and investment in cybersecurity may have grown in recent years, but the longer-term strategy of embracing the issue remains a challenge for many, said Mr Low Chee Juee, chief technologist of the cybersecurity practice at consulting firm Booz Allen Hamilton. Speaking at the tech risk conference during the Singapore Fintech Festival on Thursday (Nov 17), Mr Low said embracing cybersecurity remains a challenge even though organisations could reap the potential benefits of lower costs and improved organisational efficiency. “In terms of action, we’re still a step behind in a…

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U.S. tech look to Africa for developers

Andela

Tech companies founded in the United States are setting up software development centers in Nigeria and Kenya, where a number of young developers has led to growing tech communities. Microsoft has launched its Microsoft 4 Afrika initiative, aiming to help empower African youth, entrepreneurs, developers and others to make their ideas a reality. Steve Case, the AOL founder, and his wife Jean, Generation Investment Management and Sir Richard Branson have provided $19 million to Kenyan pay-as-you-go energy start-up M-KOPA Solar. Andela, which has attracted $24 million of funding from a scheme led by…

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European Union privacy officials asks Facebook told to stop exploiting WhatsApp data

WhatsApp launches end-to-end encryption on messages for all its users

European Union privacy chiefs said Facebook must stop processing user data from its WhatsApp messaging service while they are investigating the privacy policy changes the company announced in August. The Article 29 Working Party, made up of privacy chiefs from across the 28-nation EU, told Facebook it had “serious concerns” about the sharing of WhatsApp users’ data for purposes that were not included in the terms of service and privacy policy when existing users signed up to the service, according to a statement e-mailed on Friday. European privacy watchdogs don’t…

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U.S. Federal bank regulators outline new cyber security standards to stem attacks

crypto-ransomware

U.S. bank regulators on Wednesday outlined cyber security standards meant to protect financial markets and consumers from online attacks against the nation’s leading financial firms. Leading banks will be expected to use the most sophisticated anti-hacking tools on the market and to be able to recover from any attack within two hours, said officials briefing reporters on the plan. The rules, which will be finalized after industry input, is meant to raise cyber security to a top priority for corporate executives and boards, according to the banking agencies. Banks with…

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Increased ransomware and IoT hacks predicted in 2017

Editor
banking security

2016 saw companies rocked by over 90 million cyberattacks. In 2017 the number could double. Cybersecurity expert Sameer Dixit explains how new innovation leads to increased vulnerability. The threat of cybercrime looms ominously over companies and individuals. To raise awareness of the growing threat, October is National Cyber Security Awareness Month in the United States and Europe. The economic damage caused by cybercrime is massive and quantifiable. In 2016 companies and individuals will be hit by 90 million attacks. That’s 400 raids every minute. Nearly 70% of of these attacks…

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Interview: Hootsuite’s CEO Lessons from Getting Hacked on Social Media

Cybersecurity

“Hey, it’s OurMine Team, we are just testing your security, please send us a message.” Earlier this summer, that message was blasted out to my followers on Twitter… only I didn’t send it. I had been hacked. It was embarrassing. I run Hootsuite, a social media management company that prides itself on world-class security for our customers. How could this happen? What did I do wrong? In the following days, I learned that Ev Williams, the co-founder of Twitter, had fallen victim to the same hackers. And not long before that,…

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New devices connecting to the internet increase risk of corporate cyber attacks

Editor

Is the Internet of Things putting your business at risk? Network security needs to be top of mind for decision makers within the business, as more and more device connect to the internet via wireless network technology. According to Palo Alto Networks, wireless network technology is simultaneously necessary and risky for organisations, and the Internet of Things could be putting businesses at risk of a cyber attack. “Most businesses are aware that wireless connections can be risky so they look to mitigate the risks by protecting their internal infrastructure,” says…

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