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Industry News: ESG5

    Hybrid Working Increases Cybersecurity Risk

    2021-06-17

    Business Wire: New hybrid working arrangements are placing firms at greater risk of cyberattack. Employers must be confident that staff understand how to stay safe while working from different locations, according to Questionmark, the online assessment provider.

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    Four in Five Ransomware Victims Suffer Repeat Attacks

    2021-06-16

    IT Pro: The company published the figure in a report that surveyed cyber security professionals worldwide, with 24% of them based in the US. It found that 46% of the companies targeted a second time were attacked by the same criminals that infected them the first time. 

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    Why a Culture of Silence and Driving Mistakes Underground is Bad for Everyone

    2021-06-02

    ZDNet: Cybersecurity works best when people know that their corporate information security team will be sympathetic to mistakes. That's because, if someone suspects they may have clicked a phishing link or fallen victim to a cyberattack, they're much more likely to be open about it – and that helps the whole organisation stay secure against malicious hackers.

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    Two-Thirds of Organizations Plan to Improve Their Cybersecurity in the Wake of Devastating Ransomware Attacks

    2021-06-02

    KnowBe4: With 81% of organizations believing ransomware attacks will become more prevalent in the second half of 2021, nearly everyone is preparing for the worst to come.

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    Security Leaders More Concerned About Legal Settlements Than Regulatory Fines

    2021-06-01

    Help Net Security: An overwhelming 90% of security leaders are concerned about group legal settlements following a serious data breach, compared to 85% who are worried about regulatory fines, Egress reveals.

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    As Online Fraudsters Flourish, Forter’s Valuation Triples to $3 Billion in Six Months

    2021-05-25

    Forbes: Fraud is not a new problem. Some historians trace it back to 300 B.C., when a Greek merchant named Hegestratos took out an insurance policy on his boat full of corn with the intent to sink it and collect the insurance money.

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    Phishing, Ransomware, Web App Attacks Dominate Data Breaches in 2021, Says Verizon Business DBIR

    2021-05-13

    ZDNet: Web applications represented 39% of all data breaches in the last year with phishing attacks jumping 11% and ransomware up 6% from a year ago, according to the Verizon Business Data Breach Investigations Report.

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    Security Chiefs Report Cyberattacks on Business Up Since Remote Work Enabled

    2021-05-12

    Yahoo Finance: A new report estimates nearly two-thirds of businesses globally, including 63 per cent in Canada, have seen an increase in targeted cyberattacks since they switched to widespread remote work.

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    Covid, Cyber, Compliance and ESG Top Risk Concerns for Financial Services Sector, Says New Allianz Report

    2021-05-06

    Institutional Asset Manager: At the same time, the behaviour and culture of financial institutions is under growing scrutiny from a wide range of stakeholders in areas such as sustainability, employment practices, diversity and inclusion and executive pay.

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    Do Cyberattacks Affect Stock Prices? It Depends on the Breach

    2021-04-27

    DarkReading: In the aftermath of a data breach, ransomware attack, or vulnerability disclosure, organizations may think about how the news will cause their stock price to dip. New research indicates that although security incidents do affect stock price, the size of this impact largely depends on the circumstances — and rarely lasts.

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