Author Archives: Jonathan Reed

Ransomware payouts hit all-time high, but that’s not the whole story

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Ransomware payments hit an all-time high of $1.1 billion in 2023, following a steep drop in total payouts in 2022. Some factors that may have contributed to the decline in 2022 were the Ukraine conflict, fewer victims paying ransoms and cyber group takedowns by legal authorities. In 2023, however, ransomware payouts came roaring back to […]

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What should an AI ethics governance framework look like?

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While the race to achieve generative AI intensifies, the ethical debate surrounding the technology also continues to heat up. And the stakes keep getting higher. As per Gartner, “Organizations are responsible for ensuring that AI projects they develop, deploy or use do not have negative ethical consequences.” Meanwhile, 79% of executives say AI ethics is […]

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Cloud security uncertainty: Do you know where your data is?

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How well are security leaders sleeping at night? According to a recent Gigamon report, it appears that many cyber professionals are restless and worried. In the report, 50% of IT and security leaders surveyed lack confidence in knowing where their most sensitive data is stored and how it’s secured. Meanwhile, another 56% of respondents say […]

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Beware of rogue chatbot hacking incidents

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For years, chatbots have been a useful tool to help automate customer-facing applications. But what happens if the chatbot goes rogue? Recent reports have revealed that this may have happened to the Comcast / Xfinity chatbot. First, there were incidents of Xfinity email outages. Next, some reported that if you try to resolve the issue […]

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Boardroom cyber expertise comes under scrutiny

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Why are companies concerned about cybersecurity? Some of the main drivers are data protection, compliance, risk management and ensuring business continuity. None of these are minor issues. Then why do board members frequently keep their distance when it comes to cyber concerns? A report released last year showed that just 5% of CISOs reported directly […]

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Are you tracking your cybersecurity implementation?

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From May 7 to 12, 2021, the massive Colonial Pipeline refined oil product delivery system ground to a halt. It was the victim of a DarkSide ransomware cyberattack. The Colonial Pipeline delivers about 45% of fuel for the East Coast, including gasoline, diesel fuel, heating oil, jet fuel and fuel used by the military. When […]

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The evolution of 20 years of cybersecurity awareness

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Since 2004, the White House and Congress have designated October National Cybersecurity Awareness Month. This year marks the 20th anniversary of this effort to raise awareness about the importance of cybersecurity and online safety. How have cybersecurity and malware evolved over the last two decades? What types of threat management tools surfaced and when? The […]

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Cyber experts applaud the new White House cybersecurity plan

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First, there was a strategy. Now, there’s a plan. The Biden Administration recently released its plan for implementing the highly anticipated national cybersecurity strategy published in March. The new National Cybersecurity Strategy Implementation Plan (NCSIP) lays out specific deadlines and responsibilities for the White House’s vision for cybersecurity. The plan is being managed by the […]

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10 years in review: Cost of a Data Breach

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Today, the pace of world change astounds us, and cybersecurity reflects that, unlike any other industry. The data from the last decade tells us an amazing — and sometimes troubling — story. In 2014, the average cost of a data breach was $3.5 million. Today, the average cost of a data breach has surged nearly […]

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Most organizations want security vendor consolidation

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Cybersecurity is complicated, to say the least. Maintaining a strong security posture goes far beyond knowing about attack groups and their devious TTPs. Merely understanding, coordinating and unifying security tools can be challenging. We quickly passed through the “not if, but when” stage of cyberattacks. Now, it’s commonplace for companies to have experienced multiple breaches. […]

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