Find

“The rise of ransomware and catastrophic breaches has confirmed that current cybersecurity approaches are failing, and organizations need to implement a Zero Trust architecture,” said Mark Noctor, Regional Vice President of Sales, EMEA.

According to the report's key results, 86 percent of respondents indicated it was very likely that they will experience significant cyber-attacks in the next 12 months, up from 83 percent the previous time.

“Security has entered a third wave, driven by the skyrocketing success of more damaging and sophisticated attacks across cloud workloads and virtual server infrastructure,” says Jim Routh, Chief Security Advisor and Board Participant at Virsec.

Cryptocurrency seems to be a perfect currency for criminal activity — it’s unregulated, difficult to trace, and increasing in value. For these reasons, it has fuelled and enabled a multibillion economy of ransomware, cyber-extortion, and impersonation.

Recycling and using simple passwords make credential stuffing such a constant problem and effective tool for criminals. A successful attack against one account can compromise other account with same username and password combination used.

The race to adopt cloud technology since the start of the pandemic has created a once-in-a-generation chance for business leaders to rethink their approach to cybersecurity.

IT professionals played a vital role in helping organizations to keep going despite the restrictions and limitations necessitated by COVID-19. They enabled digital services and ensured public entities could continue to provide essential services.

When looking at the root cause of these attacks, ransomware was by far the most prominent, accounting for a whopping 54.95% of breaches. Ryuk stood out above the rest, repeatedly appearing in breach disclosures and accounting for 8.64% of ransomware-related breaches, followed by Maze (6.17%), Conti (3.7%) and REvil/Sodinokibi (3.09%).

Sophos and its team of SophosAI data scientists are catalyzing this change toward openness, so that IT managers, security analysts, CFOs, CEOs, and others making security buying or management decisions, can discuss and assess AI benefits from a level and well-informed playing field.

Data security firm will show findings under an Art of […]