CIOs need to create teams of cybersecurity experts

Cyber criminals ramp up their activities during COVID-19. Recent global incidents around the world has shown COVID-19 hasn’t stopped cybercriminals. The pandemic has made them bolder and they’ve stepped up their activities – be it attacks on corporations, governments, SMEs and home offices. The cyber threat landscape is one that…

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Closing cybersecurity skills gap key to fighting online criminals in APAC

COVID-19 amplifies ongoing and new security concerns in the region. Existing trends in cybercrime and the need for businesses to adopt emerging technologies to drive transformation have been fast-tracked by the COVID-19 pandemic, making it vital to fill skills shortages with industry-partnered digital education delivery. Two of the largest emerging…

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Modern banking makes the sector vulnerable to attacks

No sector was more regularly targeted than the financial sector The financial sector has seen a “staggering 238 per cent increase” in cyber attacks and ransomware attacks have increased nine-fold since the beginning of February to the end of April 2020. This is according to VMware Carbon Black’s third annual…

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Sophos: Companies pay average of US$1.4M in ransom to cyber criminals

Paying ransomware doubles the cost of dealing with a ransomware attack, without paying It costs global organisations US$1.4 million, when they pay ransom to cyber criminals, nearly twice as much addressing the impact of a ransomware attack that isn’t paid, according to Sophos’ recently released The State of Ransomware 2020…

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