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Edward Marshall, director, Global Family Office Group at Citi Private Bank, said, “As seen in recent news, the number of cyberattacks perpetrated against nations, corporations and individuals are increasing at a rapid pace. One of the most pressing issues our clients face now is cybersecurity as Family Offices have more and more become targets of cyberattacks. We hope this white … Read More

These top level observations and predictions summarize the cybersecurity industry over the past year and indicate what’s in store for the next five years. Read the full article at CSO Online http://www.csoonline.com/article/3153707/security/top-5-cybersecurity-facts-figures-and-statistics-for-2017.html?ref=yfp What is the cybersecurity plan for your business? Packet Continuum is the foundation for a strong cybersecurity system.

More than a quarter of data breach incidents in 2016 took at least one month for companies to discover, and one in 10 had gone unnoticed for at least a year. That’s according to the latest report on data breaches from Verizon’s security research division, which analyzed 1,935 breach incidents reported by 65 organizations. The share of breaches that took … Read More

Recently the Department of Homeland Security’s National Cybersecurity and Communications Integration Center issued a disturbing report disclosing a sophisticated and widespread series of cyberattacks. https://www.us-cert.gov/ncas/alerts/TA17-117A Numerous sectors have been hit, the report says, including “Information Technology, Energy, Healthcare and Public Health, Communications and Critical Manufacturing” since May of 2016 and perhaps even earlier. Our Packet Continuum is a high performance … Read More

“Your company had a data security event. After an investigation, it was determined that notifications were required, and the incident was made public as a result. Notification letters were mailed and regulators were notified, all in accordance with the law. Your company also enhanced security measures and took other remedial action, so there is nothing more to do – it’s … Read More

Cybercrime damage costs to hit $6 trillion annually by 2021 Cybersecurity spending to exceed $1 trillion from 2017 to 2021. Unfilled cybersecurity jobs will reach 1.5 million by 2019 Human attack surface to reach 4 billion people by 2020. Up to 200 billion IoT devices will need securing by 2020. What does it all mean? Last year, Ginni Rometty, IBM’s … Read More

“The cost of cybercrime reached a whopping $126 billion during 2015 and affected 689 million people in 21 countries, an annual study found. The Norton Cyber Security Insights Report 2016 also found a 10 percent increase in online fraud compared to the year before, based on data from 17 countries where it conducted the survey in both years.” Read the … Read More

“The global cybersecurity market could grow from $122.45 billion today to $202.36 billion by 2021, according to a new report from Research and Markets. The firm believes that growth will be driven by an increase of connected objects across the Internet of Things, relaxed BYOD (bring your own device) policies at work, and the need for tighter application security. It … Read More

“Cisco points out that, ‘Cybercriminals have refined their back-end infrastructures to carry out attacks in ways that increase efficiency and profits’ and thus every industry, from financial services to entertainment, is vulnerable to such risks. In 2015, cybercrime ranked as the second most reported economic crime. Increasingly frequent and precision-based cyber-attacks call for a stronger fortification against them. “The global … Read More