Cybersecurity insights, trends, and tools to help you stay ahead of emerging cyber threats and protect your business data and resources.
According to reports by Cloudflare, the volume of network-layer DDoS attacks rose by 51% quarter on quarter and 45% year on year while the number of HTTP targets increased even more, recording a Y-o-Y growth of 68% with quarterly increases of 61%.
SMEs have become a major focus for cybercriminals, and such attacks have been further escalated with the growth of mimic ransomware attacks. And in most cases, SMEs cannot put up a strong fight.
Ransomware attacks are soaring in numbers, and they target both companies as well as individuals. In 2023, ransomware was found to represent 70% of all reported cyberattacks globally, where 317 million ransomware attempts were reported worldwide.
Modern applications cannot function without APIs, which serve as connectors between different services. However, the very features of APIs make them vulnerable to certain threats, namely Distributed Denial-of-Service attacks, where an overwhelming number of connected hosts disrupt your system, your services, or your customers’ trust.
APIs play an important role in the digital transformation within the financial service space, enabling an effortless exchange of information across systems, enhancing customer experiences, and fostering innovation.
Information is gold in today’s business environment. And, Privacy-Enhancing Technologies (PETs) are essential for safeguarding these information.
The risks associated with the supply chain have become a huge concern in recent times, largely because of the interconnected systems and increasing complexity of global networks.
According to PwC, only 2% of businesses have implemented firm-wide cyber resilience. This low adoption is a cause for concern, even though business leaders are not unaware of the risks.
Ransomware could potentially cripple operations, leave sensitive information vulnerable, and cause staggering amounts of monetary loss. Cybersecurity Ventures have put out projections that by 2031 the global economic damages of ransomware alone could be up to 265 billion dollars.
There is an increase in the incidence of cyber threats on businesses. Still, businesses do not suffer similar exposures so it is important to examine your business’ cyber risks before buying cyber insurance.
Social engineering attacks are outstanding for cleverly manipulating human psychology. More than 70% of data breaches start with this. Hence, the need to learn how it works, samples, and how to prevent it.
One 2023 report observed a 3,000% increase in deepfake fraud attempts, and that’s only one aspect of social engineering attacks. If you’re wondering how to protect your organization from these threats, here’s your guide.
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