BUSINESS BYTES

Security: five stories every CIO should read

  • Posted 5 months ago

This year, security is expected to become the new buzzword for every CIO, and attentions will start to focus more on how this can be controlled within the workplace. With ransomware at large and hackers targeting more devices than ever before, it’s crucial that CIO’s understand how to keep their data safe, as well as the potential implications

2017 security predictions

As the role of the CIO has developed, security is now incorporated under its remit. With that the CIO needs to be aware of the upcoming trends, or those that are foreseen to become trends throughout 2017. As expected, hacking issues take place on the list with passwords becoming weaker, routers and mobiles are an easy way in for a hacker as well as ransomware starting to spin out of control.

Cyber skills shortage leading to rash of successful attacks

New research has shown that many cybersecurity professionals feel undermanned for the fight against hackers. 54% of organisations claim to have experienced at least one type of security incident in the last year. The skills shortage within the security sector has played a huge role in the issue.

More security firms join anti-ransomware initiative

The global fight against ransomware continues as the No More Ransom Project kicks off with over 30 new partners from both the public and private sector join. The project was launched in July 2016 by the Dutch National Police, Intel Security and Kaspersky Lab, introducing a new level of cooperation between law enforcement and the private sector to fight ransomware.

Prepare for the inevitable security incident

Targeted attacks are becoming more frequent on large firms, such as Sony back in 2014, and more recently, Tesco Bank and Yahoo. This is something all firms should start to prepare for as the security threat is increasing. To prepare follow three steps:
1. Develop your incident response process 2. Prepare your people 3. Implement operational response

New cyber thefts, hacking tactics confirmed by SWIFT

Global bank transfer system SWIFT has confirmed that cyber criminals continued their attacks after stealing $81m from the Bangladesh central bank in February. Hackers have become more sophisticated. SWIFT has said, “The threat is very persistent, adaptive and sophisticated – and it is here to stay”.