Tag: trends

Supply Chain Risk Escapes Notice At Many Firms

Online attacks that come by way of suppliers and other third party business partners are one of the biggest threats that modern organizations face. But too few firms are giving supply chain security the attention it deserves, a panel of legal and information security experts told attendees at a cyber security forum in Boston on Wednesday. Companies need to protect their exposure through third parties better, according to the panel: beefing up auditing of internal- and partner assets and including contractual protections that will indemnify them in the event that a breach at a supplier or business partner exposes data that materially affects their firm. The panel, “Fortifying the Supply Chain,” was part of a day long event at The Federal Reserve in Boston and sponsored by the Advanced Cyber Security Center, a technology industry consortium. It brought together top legal and information security experts, including FireEye researcher Alex Lanstein and Jim Halpert, the […]

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Study Reveals (Sad) Psychology of Facebook Scam Victims

Bad is good enough, according to a study of over 850,000 Facebook scams by the antivirus software provider Bitdefender. (PDF version of the report is here.) The two-year study of Facebook scams in the UK, the US and Europe found that a short list of lame, repackaged tricks are a well that never runs dry: fooling Facebook users by playing on their curiosity, vanity or naiveté.   Almost half of social media e-threats prey on users’ curiosity. Far and away the top category of scam on Facebook  are ‘profile view’ scams that offer Facebook users the ability to see who has viewed their profile. That ruse accounted for 45% of all scams on the 1 billion strong social network. The scam has been linked to malicious software downloads – often in the form of browser ‘plug-ins’ that promise to reveal Facebook profile views. It works well because it plays on Facebook users curiosity […]

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Wanna-Breach: Counterfeit Data Breaches Are A Thing

Headline grabbing data breaches are such a fixture of our modern business environment that they’ve even spawned a knock-off market: phony data breaches designed to harm a company’s image by making it look as if the firm has lost control of critical data. That’s the conclusion of a research note from Deloitte, which warns that malicious actors are increasingly using false claims about massive data breaches to bedevil established firms – inflicting real economic and reputation damage.

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Bad News About File Sharing Apps

Sensitive enterprise data may be leaving the safety of our corporate networks at a much faster clip than we believed – with web based file sharing services a major contributor to data flight. That’s the conclusion of a survey by the firm Elastica, which analyzed 100 million files shared on leading public cloud applications. According to the research, employees each stored an average of 2,037 files in the cloud. More concerning: fully 20 percent of the files that were “broadly shared” via file sharing services contained regulated data of one sort or another. The company put together a nice little infographic that highlights some of the larger findings. You can view it here. Read more via The Bad News About File Sharing Apps | Digital Guardian.

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Cyber insurance: Only fools rush in | ITworld

Cyber incidents these days tend to follow a familiar pattern: law enforcement is contacted and will begin criminal investigations. Cyber forensic investigators are hired to piece together what happened and security consultants will analyze and remove the malware from any affected systems. Finally: customers who were affected are notified and – typically -offered free credit monitoring services. All of these services come at a cost, of course, as does the business disruption that results. Current cyber insurance policies are structured to recover some or most of those costs. Now companies – from the Fortune 10 on down – are looking to hedge their online risks with various kinds of business insurance. That demand, in turn, is fueling a rapid expansion of the cyber insurance industry that was little more than a niche offering five years ago. But insurance industry experts and corporate security professionals offer words of advice for companies that think they […]

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