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    Industry News: ESG5

      Data breaches reported to FCA have risen 480% from financial services firms

      2019-02-25

      InformationAge: The number of data breaches reported by UK financial services firms to the Financial Conduct Authority (FCA) increased 480% in 2018, to 145 up from just 25 in 2017*, shows research from RPC, the City-headquartered law firm. Data breaches are on the rise. And, the financial services sector is an especially lucrative target; along with the personal data bulging healthcare sector...

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      Healthcare Cyber Security Market to Reach $12.46 Bn, Globally, by 2023 at 15.6% CAGR: Allied Market Research

      2019-02-18

      PRNewswire: Rise in cyber-attacks, increase in demand for cloud services, and favorable regulatory requirements & government policies facilitate the growth in the global healthcare cyber security market...

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      Employees are Major Risk to Employers’ Cyber Security, Study Finds

      2019-02-18

      IrishTimes: Employees are still the weak link in the security system, with poor habits that potentially put organisations at risk of critical data and intellectual property loss, and severe legal and reputational repercussions, new research from Microsoft has found...

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      Chinese And Iranian Hackers Increase Cyber Attacks On US

      2019-02-18

      Telegraph: Businesses and government agencies in the United States have been targeted in aggressive attacks by Iranian and Chinese hackers who security experts believe have been energized by President Trump’s withdrawal from the Iran nuclear deal last year and his trade conflicts with China...

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      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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