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SMBs at risk as AI misconceptions lead to overconfidence

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SMBs at risk as AI misconceptions lead to overconfidence 27/10/2023 at 07:03 By Help Net Security Despite advancements in IT security measures, SMBs remain firmly in the crosshairs of cybercriminals, according to Devolutions. Ransomware payments and IoT malware incidents soar Spikes in incidents such as ransomware payments and IoT malware attacks indicate that this year […]

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AI strengthens banking’s defense against fraud

Artificial Intelligence, biometrics, cybersecurity, Entrust, fraud, identity, identity verification, News, online banking, online payment, report, survey / SecurityTicks

AI strengthens banking’s defense against fraud 27/10/2023 at 06:32 By Help Net Security Consumers are ready for the next wave of payment technology, including deployment of AI-driven biometrics to verify identity in digital-first account opening processes, according to Entrust. The key to future payment solutions 63% of respondents indicated that they are comfortable with AI

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AI-related security fears drive 2024 IT spending

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AI-related security fears drive 2024 IT spending 27/10/2023 at 06:02 By Help Net Security Worldwide IT spending is projected to total $5.1 trillion in 2024, an increase of 8% from 2023, according to Gartner. 2024 set to see strong public cloud spending growth While generative AI has not yet had a material impact on IT

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Ransomware groups continue to increase their operational tempo

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Ransomware groups continue to increase their operational tempo 26/10/2023 at 06:31 By Help Net Security Q3 of 2023 continued an ongoing surge in ransomware activity, according to GuidePoint Security. GuidePoint Research and Intelligence Team (GRIT) observed a nearly 15% increase in ransomware activity since Q2 due to an increased number of ransomware groups, including 10

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Security leaders have good reasons to fear AI-generated attacks

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Security leaders have good reasons to fear AI-generated attacks 25/10/2023 at 06:33 By Help Net Security Generative AI is likely behind the increases in both the volume and sophistication of email attacks that organizations have experienced in the past few months, and it’s still early days, according to Abnormal Security. Their leading worry is the

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Consumers are taking action to protect their privacy

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Consumers are taking action to protect their privacy 25/10/2023 at 06:01 By Help Net Security Younger consumers are taking deliberate action to protect their privacy, as 42% of consumers aged 18-24 exercise their Data Subject Access Rights, compared with just 6% for consumers 75 and older, according to Cisco. Consumers express willingness to share their

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The primary pain points for SOC teams

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The primary pain points for SOC teams 24/10/2023 at 06:42 By Help Net Security Security professionals want to pursue high-impact work, but they’re being held back by growing workloads, shrinking budgets, and a worsening skills shortage, according to Tines. Nine out of 10 security teams are automating at least some of their work, and 93%

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Today’s CIO has ambitions well beyond IT delivery

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Today’s CIO has ambitions well beyond IT delivery 24/10/2023 at 06:05 By Help Net Security 45% of CIOs are beginning to work with their CxO peers to bring IT and business area staff together to co-lead digital delivery on an enterprise-wide scale, according to Gartner. CIOs face a paradigm shift, sharing leadership responsibilities with CxOs

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Scaling rapidly? Your application security strategies need to keep up

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Scaling rapidly? Your application security strategies need to keep up 23/10/2023 at 07:01 By Help Net Security Modern application security strategies must support and enable modern software development, even as it rapidly scales, according to Mend.io. Just 52% of companies can effectively remediate critical vulnerabilities and only 41% are confident they can manage the security

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Legacy authentication leads to growing consumer frustration

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Legacy authentication leads to growing consumer frustration 20/10/2023 at 07:31 By Help Net Security Despite widespread usage of passwords lingering on, consumers want to use stronger, more user-friendly alternatives, according to FIDO Alliance. Entering a password manually without any form of additional authentication was the most commonly used authentication method across the use cases tracked

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GenAI investments surge, anticipated to hit $143 billion by 2027

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GenAI investments surge, anticipated to hit $143 billion by 2027 20/10/2023 at 06:33 By Help Net Security Enterprises will invest nearly $16 billion worldwide on GenAI solutions in 2023, according to IDC. This spending, which includes GenAI software and related infrastructure hardware and IT/business services, is expected to reach $143 billion in 2027 with a

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Cyber resilience starts in the C-suite

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Cyber resilience starts in the C-suite 19/10/2023 at 06:33 By Help Net Security In many cases, senior executives/line-of-business leaders are minimally engaged in their company’s cyber preparedness initiatives — only 33% of CEOs or managing directors and 21% of other senior leaders are heavily involved, according to Commvault. According to the research, 52% of senior

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Business resilience becomes primary force behind cybersecurity investments

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Business resilience becomes primary force behind cybersecurity investments 19/10/2023 at 06:03 By Help Net Security Over 80% of northern European organizations emphasize that the need to ensure business resilience is the top driver for their cybersecurity investments, according to Nixu. The report reveals both encouraging progress and increasing concerns. Alarmingly, 50% of organizations reach only

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SMBs seek help as cyber threats reach an all-time high

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SMBs seek help as cyber threats reach an all-time high 18/10/2023 at 06:32 By Help Net Security Understanding the evolving threat landscape is the biggest cybersecurity challenge facing SMBs, including non-for-profit organizations – and more than half are calling for help to manage the risks, according to Sage. Globally, 48% of SMBs have experienced a

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Generative AI merges with intelligent malware, threat level rises

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Generative AI merges with intelligent malware, threat level rises 18/10/2023 at 06:00 By Help Net Security There has been a 44% increase in organized ID fraud in North America compared to preceding quarters, according to AU10TIX. This upsurge is believed to be driven by the ongoing economic recovery and inflationary pressures, particularly in the US

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One in five CISOs miss out on pay raise

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One in five CISOs miss out on pay raise 17/10/2023 at 07:03 By Help Net Security The CISO role was partially shielded from the macroeconomic challenges of 2023, according to a new research from IANS and Artico Search. 20% of CISOs did not receive a raise The most recent average CISO total compensation increase was

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Cyberattacks on healthcare organizations affect patient care

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Cyberattacks on healthcare organizations affect patient care 17/10/2023 at 06:32 By Help Net Security 88% of organizations experienced an average of 40 attacks in the past 12 months, according to a survey conducted by the Proofpoint and Ponemon Institute. Supply chain attacks: Leading patient care risk The average total cost of a cyberattack experienced by

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Anticipating the benefits of a passwordless tomorrow

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Anticipating the benefits of a passwordless tomorrow 17/10/2023 at 06:02 By Help Net Security Businesses are actively moving to eradicate passwords from employees’ lives, with 89% of IT leaders expecting passwords to represent less than a quarter of their organization’s logins within five years or less, according to a FIDO Alliance and LastPass report. Moving

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CISOs and board members are finding a common language

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CISOs and board members are finding a common language 16/10/2023 at 07:39 By Help Net Security 86% of CISOs believe generative AI will alleviate skills gaps and talent shortages on the security team, filling labor-intensive and time-consuming security functions and freeing up security professionals to be more strategic, according to Splunk. 35% report using generative

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Inadequate IoT protection can be a costly mistake

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Inadequate IoT protection can be a costly mistake 16/10/2023 at 06:34 By Help Net Security 97% of organizations are struggling to secure their IoT and connected products to some degree, according to Keyfactor. The research survey also found that 98% of organizations experienced certificate outages in the last 12 months, costing an average of over

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