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IT downtime cuts enterprise profit by 9%, says study

CIO

For the study, titled “The Hidden Costs of Downtime,” Oxford Economics quizzed executives from Global 2000 companies about the causes and costs of downtime in IT systems. They counted any service degradation or unavailability of critical business systems due to cyberattacks as well as technical and operational failures as downtime.

Study 286
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Don’t gamble with your identity verification practices

CIO

Earlier this year, I wrote about the importance of organizations reviewing their password management strategies. According to reports, MGM and Caesars were both customers of identity management company Okta. According to reports, the hacker groups identified as BlackCat/ALPHV and Scattered Spider are behind these attacks.

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Cybersecurity Snapshot: First Quantum-resistant Algorithms Ready for Use, While New AI Risks’ Database Is Unveiled

Tenable

Meanwhile, the CSA published a paper outlining the unique risks involved in building systems that use LLMs. And get the latest on Q2’s most prevalent malware, the Radar/Dispossessor ransomware gang and CVE severity assessments! NIST has released the first encryption algorithms that can protect data against quantum attacks.

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Copilot: an indispensable tool for banking security teams

CIO

A report by the Bank for International Settlements singled out the growth of cloud-based services and remote working as two of the primary drivers behind the heightened risk. A report by the Bank of England found 80% of executives believed cyber attacks were the biggest single threat to the UK financial system.

Security 251
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The changing face of cybersecurity threats in 2023

CIO

government and the companies that are best prepared to provide safe-by-default solutions to uplift the whole ecosystem,” says a report published by the Homeland Security Department’s Cyber Safety Review Board. “Organizations must act now to protect themselves, and the Board identified tangible ways to do so, with the help of the U.S.

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How AI continues to reshape the cybersecurity arsenal

CIO

With each passing day, new devices, systems and applications emerge, driving a relentless surge in demand for robust data storage solutions, efficient management systems and user-friendly front-end applications. As civilization advances, so does our reliance on an expanding array of devices and technologies. billion user details.

Security 305
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CircleCI incident report for January 4, 2023 security incident

CircleCI

We encourage customers who have yet to take action to do so in order to prevent unauthorized access to third-party systems and stores. This report will cover: What happened? A note on employee responsibility vs. systems safeguards. All dates and times are reported in UTC, unless otherwise noted. Security best practices.

Report 145