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Computer Weekly: The average ransom paid by victim organisations has increased by 82% since 2020 to a record $570,000, as cyber criminals intensify their ransomware efforts with increasingly aggressive tactics, according to data from Palo Alto Networks Unit 42 security consulting group.
Yahoo Finance: IBM Security announced the results of a global study which found that data breaches now cost surveyed companies $4.24 million per incident on average – the highest cost in the 17-year history of the report.
Yahoo News: Cybersecurity agencies have revealed the top 30 vulnerabilities exploited by hackers last year in a fresh warning to organisations. The UK and allies in the US and Australia said most exposures were already publicly known during the past two years and are often due to dated software.
TechTarget: Venture capitalists are investing heavily in cybersecurity as low series rounds receive record-setting funding, and analysts say the trend will only continue.
Yahoo News: Fraud and hacking soared during the pandemic as criminals “took advantage of behavioural changes” while reports of domestic abuse-related offences also rose, official figures show.
CRN: Private equity goliaths, SPACs, and pure-play security mainstays spent nearly $31 billion on the year‘s top cybersecurity acquisitions, placing big bets on securing networks and endpoints as well as managing employee and customer access.
PYMNTS: Cybereason, which can help prevent cyberattacks, is the recipient of a $275 million investment from crossover funding, according to a company press release.
Dark Reading: When Team Cymru's James Shank worked with the Ransomware Task Force to come up with the worst-case scenarios for a ransomware attack, the group focused heavily on impacts: How could attackers endanger people or cause significant damage to infrastructure?
Institutional Asset Manager: Executives at some of the world’s biggest banks, insurers and asset managers were asked to choose from a list of potential business, economic, policy, social and environmental threats to growth. They ranked cyber-attacks top (56 per cent), followed by pandemics (51 per cent) and over-regulation (50 per cent).
Help Net Security: A RUSI paper finds that the contribution of the insurance sector to improving cyber security practice is ‘more limited than policymakers and businesses might hope’, and recommends government and industry action.
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