Vulnerable to attack: Businesses should boost cyber defenses

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A cyberattack that leads to down time and lost data can be more costly for smaller companies than for larger businesses — an average of $763 per affected computer or other device versus $470, according to a 2018 study by the Poneman Institute, which researches data protection. Many small businesses don’t have sophisticated systems to protect themselves from hackers, viruses, … Read More

21 Terrifying Cyber Crime Statistics

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It is essential that the world is aware of the terrifying cyber crime statistics in 2018. Jack Foster of VPN Geeks.com has compiled a number of eye-opening facts from McAfee, Symantec and other cyber security outlets. 780,000 records were lost per day in 2017 Over 24,000 malicious mobile apps are blocked daily Microsoft Office file formats are the most used malicious file … Read More

Industrial Cyber Security Market Estimated to Accrue Approximately 24.41 Billion USD by 2023

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Industrial cyber security is a highly growing and dynamic area of concern that includes industrial control systems, network security, hardware and  network solutions which are designed for the secured operation of machines and plants. Industries such as transportation, power grid, oil & gas and manufacturing are turning to whole connected systems rather than stand alone, making them more vulnerable to cyber-attacks.  Major … Read More

The number of devastating cyberattacks is surging — and it’s likely to get much worse

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There were 918 data breaches which compromised 1.9 billion data records in the first six months of 2017, according to Gemalto. That’s an increase of 164 percent compared to 2016. Governments around the world are introducing legislation which will force more companies to disclose data breaches. “Two-thirds of firms breached had their share price negatively impacted. Out of the 65 … Read More

Report: Average enterprise data breach cost rises to $1.3M

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The cost of a data breach for enterprises in North America increased this year, according to a new report from Kaspersky Lab and B2B International, released Tuesday. The total impact of a data breach now amounts to $1.3 million for large companies—up from $1.2 million in 2016, the report found. Breaches cost an average of $117,000 per incident for small- … Read More

Companies Need to Seriously Step up their Cybersecurity Game

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Many business leaders learned that their software patch management was behind. Additionally, many were surprised their backups didn’t work as planned, and their incident response planners didn’t have a playbook. There were also constraints that further contributed to the damage: lack of investment, lack of controls, or plain old apathy. The insatiable appetite for better, faster, cheaper, and connectivity is … Read More

Cybersecurity for Family Offices: Q&A with the director of the Global Family Office Group at Citi Private Bank

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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

Top 5 cybersecurity facts, figures and statistics for 2017

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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.

New Reports of Sophisticated and Widespread Cyberattacks

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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