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Your monthly update of ICT continuity news and information


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Assurance Software

BEC attacks: a low profile but increasingly damaging risk
In 2018, the costs of Business Email Compromise (BEC) attacks passed the $1 billion mark, doubling from the prior year. Crane Hassold looks at the issue and highlights the measures that organizations can take to reduce the risk of becoming a victim of a successful BEC attack.
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• World

Are you ready to deal with security-breaching insiders?
A hacker is not necessarily someone sitting somewhere in China or Russia trying to hack your bank account; it can be your employee or contractor too. Devin Smith explores the threat and looks at what organizations can do to reduce risks in this area.
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• World

Implementing IoT: transformation without business disruption
While successful Internet of Things (IoT) implementations can bring big benefits, many projects fail with associated business impacts. Jörg Hecke looks at how businesses can make the most of IoT, without impacting on business as usual.
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• Europe



UK mid-market boards are ‘ignoring cyber risk’; only a minority have a cyber incident response plan
New research from Grant Thornton UK LLP has found that 63 percent of UK mid-market businesses do not have a board member responsible for cyber security. Additionally, over half of the business surveyed (59 percent) do not have a cyber incident response plan in place.
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• UK

Cloud security report identifies trends in cloud usage and protection
Bitglass has released ‘Guardians of the Cloud’, its 2019 cloud security report. Each year, Bitglass conducts research on the state of enterprise cloud security in order to identify key trends and common vulnerabilities.
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• World

2019 Cloud Security Report identifies the leading enterprise security challenges in public clouds
Check Point and Cybersecurity Insiders have released the results of a global Cloud Security Report highlighting the challenges faced by enterprise security operations teams in protecting their public cloud data, systems, and services.
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• World


Certificate-related outages impact a third of financial sector organizations
Venafi has released the results of a study examining the scale and frequency of certificate-related outages in financial services organizations. Over 100 chief information officers (CIOs) in the financial services industry from the US, UK, France, Germany and Australia participated in the study.
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• Various

Malicious insider attacks are the most expensive and lengthy attacks to resolve for financial services firms
The cost to address and contain cyber attacks is greater for financial services firms than for companies in any other industry and the containment costs continue to rise, according to a report from Accenture and the Ponemon Institute.
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• World

Cyber threat ‘dwell time’ in small and mid-sized organizations explored
Infocyte has released its inaugural Threat and Incident Response Report, which found that despite sophisticated prevention security tools, small to mid-sized organizations continue to be especially vulnerable to long lasting breaches due to their inability to support the level of IT staffing traditionally required to run a comprehensive detection and response function.
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• World

Capital Continuity

Survey finds that cyber security budgets are up; with additional investments being made in risk identification and resilience
Companies worldwide expect to boost their cyber security investments by 34 percent in the next fiscal year, after raising them by 17 percent the previous year, according to a new study covering 467 firms across industries and based in 17 countries.
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• World

Inadequate identity practices are exposing many businesses to risks
LastPass by LogMeIn has announced the results of a new study conducted by Vanson Bourne to offer businesses insights into the state of identity and access management (IAM) and actionable steps to improve their IAM programme.
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• World

Business continuity plan ownership is shifting from IT to operations and business leadership
Databarracks has published its 2019 Data Health Check, its annual report into IT resilience, cyber security and cloud computing. The survey, which has been running since 2008, questions over 400 IT decision makers in the UK.
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• UK


Tenable Research discovers high impact vulnerability in Siemens critical infrastructure design and automation software
Tenable has announced that its research team has discovered a critical vulnerability in Siemens STEP 7 TIA Portal, design and automation software for industrial control systems (ICS).
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• US

No sign of a reduction in ransomware attacks against UK organizations
Databarracks has shared new data from its soon-to-be-released Data Health Check survey which highlights that ransomware remains a serious issue for UK organizations.
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• UK

Have you assessed the organizational impacts and the business continuity benefits of 5G adoption?
A new study from Cradlepoint shows that businesses expect 5G to be a major part of their technology roadmap but have a long way to go before they are ready to implement a solution.
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• World

Risk Logic

To combat potential risks, organizations need to take a holistic approach to responsible AI practices
The estimated $15.7trn economic potential of artificial intelligence (AI) will only be realised if the integration of responsible AI practices occurs across organizations, and is considered before any developments take place, according to a new paper by PwC.
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• World

Report explores cyber resilience, defining its differentiation from cyber security
The Financial Education & Research Foundation (FERF), the independent non-profit research affiliate of Financial Executives International (FEI), has released the ‘Protection vs. Preparation: The Critical Difference Between Cybersecurity and Cyber Resilience’ report sponsored by Microsoft.
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• US / World

Organizations are ‘facing paralysis’ as cyber threats advance, claims report
Global organizations have stalled in their progress towards cyber security best practice and are facing paralysis as cyber criminals become more advanced. This is the conclusion drawn from the findings of the 2019 Risk:Value report – ‘Destination standstill. Are you asleep at the wheel?’ – from NTT Security.
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• World


Annual Cloud and Disaster Recovery Survey reveals ‘unacceptably high rates of data loss and downtime’
Unitrends has published survey findings from its fifth annual Cloud and Disaster Recovery Survey. This year’s survey offers insights into the challenges and trends that IT departments and admins face when protecting data from downtime and disasters as data volume and importance grow.
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• World

New report looks at trends in attacks on web applications
Positive Technologies has released a new research report, ‘Attacks on Web Applications: 2018 in Review’, which looks at the main threats to modern web resources. The analysis, covering over a million attacks, used web attack statistics collected by Positive Technologies Application Firewall.
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• World

Study finds 85 percent of large enterprises struggle to protect critical network assets
Endace has announced the results of its latest research study, Challenges of Managing and Securing the Network 2019, conducted by independent, US-based research company, Virtual Intelligence Briefing (VIB).
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• World

Survey reveals five ways that companies manage to create a competitive advantage from crises
PwC has published the results of it’s first-ever Global Crisis Survey with findings from across 43 countries with 2,084 respondents, surveyed in 15 different languages.
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• World

Cloud Security Alliance releases new model to assist cloud computing risk assessment
The Cloud Security Alliance (CSA) has developed the Cloud Octagon Model, a new approach to overcoming the challenges involved in cloud computing environments.
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• World


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