Cybersecurity trends: IBM’s predictions for 2024

From world events to the economy, 2023 was an unpredictable year. Cybersecurity didn’t stray far from this theme, delivering some unexpected twists. As organizations begin planning their security strategies for 2024, now is the time to look back on the year before and extrapolate what the future may hold. The year kicked off with Generative […]

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Locks, Stocks and Brokers: Hackers and Insider Trading

On February 14, 2023, a Russian national and owner of Moscow cybersecurity firm M-13 was found guilty of wire fraud, securities fraud and conspiracy to obtain unauthorized access to computers. Vladislav Klyushin was charged along with four other men — Ivan Yermakov, Nikolai Rumiantcev, Mikhail Irzak and Igor Sladkov. However, Klyushin was the only one […]

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2022 Industry Threat Recap: Finance and Insurance

The finance and insurance sector proved a top target for cybersecurity threats in 2022. The IBM Security X-Force Threat Intelligence Index 2023 found this sector ranked as the second most attacked, with 18.9% of X-Force incident response cases. If, as Shakespeare tells us, past is prologue, this sector will likely remain a target in 2023. […]

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The Role of Finance Departments in Cybersecurity

Consumers are becoming more aware of the data companies collect about them, and place high importance on data security and privacy. Though consumers aren’t aware of every data breach, they are justifiably concerned about what happens to the data companies collect.  A recent study of consumer views on data privacy and security revealed consumers are […]

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How Falling Crypto Prices Impacted Cyber Crime

Some rare good news in the world of cyber crime trends: Certain crimes declined in 2022 after years of constant rises. Should we credit crypto? Some estimates say that cryptocurrencies have lost $2 trillion in value since November 2021. During that time, the costs associated with cyber crimes, such as ransomware payouts and financial scams, […]

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Avoid Being a Downstream Victim of Service Provider Attacks

Attacks on service providers are mounting — and so are downstream victims. Earlier this year, some customers of the cloud service provider DigitalOcean received emails instructing them to reset their passwords. These users hadn’t actually forgotten their passwords — their email addresses had been compromised in a data breach. But the cybersecurity incident didn’t start […]

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Six Common Ways That Malware Strains Get Their Names

You’re likely familiar with the names of common malware strains such as MOUSEISLAND, Agent Tesla and TrickBot. But do you know how new malware threats get their names? As a cybersecurity writer, I quickly add new strains to my vocabulary. But I never knew how they came to have those names in the first place. […]

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What CISOs Should Know About Hacking in 2023

The art of cyber crime is in a constant state of flux and evolution. Simply staying on pace with these trends is a significant part of the CISO’s job. Today’s modern CISO must ensure they are always prepared for the next big trend and remain ahead of adversaries. As we begin to navigate 2023, the […]

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A Perfect Storm: 7 Reasons Global Attacks Will Soar in 2023

In 2023, the global annual cost of cyber crime is predicted to top $8 trillion, according to a recent Cybersecurity Ventures report. This seemingly enormous figure might still be a major underestimate. In 2021, U.S. financial institutions lost nearly $1.2 billion in costs due to ransomware attacks alone. That was a nearly 200% increase over […]

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5 Ways to Improve Holiday Retail and Wholesale Cybersecurity

It’s the most wonderful time of the year for retailers and wholesalers since the holidays help boost year-end profits. The National Retail Federation (NRF) predicts 2022 holiday sales will come in 6% to 8% higher than in 2021. But rising profits that come at the cost of reduced cybersecurity can cost companies in the long […]

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