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Industry News: ESG5

Cyber Attacks Outpacing Physical Terror Attacks

2019-01-27

BusinessStandard: With increasing cases of data breaches and information loss happening on the Internet, cyber attacks are outpacing physical attacks among far-left groups and can cause greater destruction, researchers say. According to lead author Thomas Holt, Professor at the Michigan State University (MSU), the high-profile nature of the internet -- on which the ideological groups can manipulate traffic -- is the ideal platform to attack...

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Mitsubishi Electric Develops Cyber Defense Technology for Connected Cars

2019-01-22

Globalbankingandfinance: Mitsubishi Electric Corporation announced that it has developed a multi-layered defense technology that protects connected vehicles from cyberattacks by strengthening their head units defense capabilities. The technology will help realize more secure vehicle systems in line with the increasing popularity of vehicles that are equipped for connection to external networks...

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Mergers & Acquisitions: Privacy and Security Considerations

2019-01-22

BankInfoSecurity: How do data privacy and security matters affect organizations that are contemplating a merger or acquisition? Attorney Iliana Peters offers insights into the various cybersecurity, data breach and compliance issues that can potentially doom a business deal...

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Cyber Threats for Oil and Gas

2019-01-24

IOT: Hackers always try to target sectors which have weak cybersecurity shields. Since enterprises like banks, insurance companies and airways are fully aware of consequences of a small cyber breach. They have learned great lessons in past decades and have an understanding that cyber security is their ultimate responsibility. Hackers are also fully aware of this, so they have turned to easier targets, and one potential client for them are oil and gas companies...

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Cybercrime Could Cost Companies US$5.2 Trillion Over Next Five Years

 2019-01-17

Business Wire:  Companies globally could incur US$5.2 trillion in additional costs and lost revenue over the next five years due to cyberattacks, as dependency on complex internet-enabled business models outpaces the ability to introduce adequate safeguards that protect critical assets, according to a new report from Accenture.

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How To Find Out If Your Email Was One of The 773 Million Exposed In Massive Data Breach

 2019-01-17

Fortune: Security experts have discovered what very well could be one of the largest data breach of all time, a collection of 772,904,991 unique emails and 21,222,975 unique passwords. Called “Collection #1,” the breach was initially reported by Troy Hunt and seemingly comes from many different sources, not a single corporate entity. And it’s an especially dangerous one as he says it creates 1.16 billion “unique combinations of email addresses and passwords”...

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Cybersecurity Market Worth Over $300bn By 2024: Global Market Insights, Inc.

2019-01-16

PR Newswire: The cybersecurity market is expected to grow from USD 120 billion in 2017 to USD 300 billion by 2024, according to a 2019 Global Market Insights, Inc. report. The market is propelled by the increasing need among enterprises to minimize security risks. As enterprises are rapidly embracing cloud platforms and other networking technologies, they are becoming more vulnerable to various cyber-attacks. The average expenditure on cybercrime has increased significantly....

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Prepare for the New Royal Wedding of IT: AI and Cyber Security

2018-12-24

Information-age: Phishing, cyber bots, multi-cloud strategies, zero trust, diversity in cyber and blockchain and cyber: we are set to enter a tumultuous period for cyber crime: but AI and cyber security will become the partnership that both cyber security and cyber criminals will put their faith in...

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