CyberSaint CyberStrong updates make cybersecurity resiliency an enabler of business strategy

CyberSaint announced new CyberStrong platform updates that allow security and risk leaders to deliver clear narratives around their cybersecurity and IT risk management strategies. New features combine quantitative and qualitative insights to help CISO… Continue reading CyberSaint CyberStrong updates make cybersecurity resiliency an enabler of business strategy

CEOs and business leaders trust AI, but employees are more cautious

Most senior executives (85%) classify themselves as artificial intelligence (AI) optimists, citing increased investment and trust in the technology. Eighty-seven percent say their company will invest in AI initiatives this year, the EY study reveals. T… Continue reading CEOs and business leaders trust AI, but employees are more cautious

Hackers have stolen millions during the ICO craze, report says

Hackers have glommed on to the frenzy around cryptocurrency, stealing large amounts of money as companies look to chase profits through initial coin offerings. Over 10 percent of worldwide ICO proceeds — more than $370 million so far — has been swiped, according to new research from UK accounting firm EY and the Russian cybersecurity firm Group-IB. The total works out to $1.5 million being stolen from ICOs per month. Initial coin offerings (ICO) are popular and infamously disorganized cryptocurrency crowdfunding events that have raised nearly $4 billion for startups. “The speed and size of the ICO market draw hackers’ attention,” researchers wrote. “Hackers are attracted by the rush, absence of a centralized authority blockchain transaction irreversibility and information chaos.” The perfect case study came in July 2017 when hackers took over the Israeli cryptocurrency trading site CoinDash just 13 minutes into the site’s ICO. The attackers breached CoinDash’s website and altered the investment address in order to steal $7 […]

The post Hackers have stolen millions during the ICO craze, report says appeared first on Cyberscoop.

Continue reading Hackers have stolen millions during the ICO craze, report says

Only 12% or organizations are likely to detect a sophisticated cyber attack

Organizations believe that today’s cyber threat landscape places them at high risk of cyber attacks. The EY survey of nearly 1,200 C-level leaders of the world’s largest and most recognized organizations examines some of the most urgent con… Continue reading Only 12% or organizations are likely to detect a sophisticated cyber attack

The difficult path to cyber resilience

Global organizations are more confident than ever that they can predict and resist a sophisticated cyber attack, but are falling short of investments and plans to recover from a breach in today’s expanding threat landscape, according to EY. Now in its 19th year, a survey of 1,735 organizations globally examines some of the most compelling cybersecurity issues facing businesses today in the digital ecosystem. Findings showed that half of those surveyed said they could detect … More Continue reading The difficult path to cyber resilience