The railway cybersecurity market is expected to grow by 8.2 per cent to reach more than $11 million by 2027. Digital transformation is said to be “leading the way” according to reports from the Railway Cybersecurity Market Forecast to 2027 global analysis. Common areas for digitisation are train control, maintenance monitoring, signalling control, passenger information systems and video protection. Railways are becoming increasingly vulnerable to cyber-attacks as a result.
New reports suggest that UK SMEs are suffering from 65,000 cybersecurity attacks per day, with 4,500 classed as “successful”. It has also been suggested that these figures could be much higher in the wake of the coronavirus pandemic. In a report by Robert Walters and data provider Vacancysoft, it was revealed that data breaches could cost up to £2.48 million per incident, and 48 per cent of UK companies do not have sufficient security to support remote working.
Cybersecurity experts at Forbes are suggesting that new quantum IDs could replace passwords in the future. Containing 1,000 trillion atoms, the IDs are said to be far more reliable than passwords, QR codes and holograms. Lancaster University start-up Quantum Base is currently investigating the technology, and claim that it would take 13 billion years to clone. There are potentially already applications for large-scale manufacturing.
A new survey by security firm Digital Shadows has revealed that more than 15 billion login pairs (usernames and passwords) have been exposed on the dark web. Of these records, 5 billion were unique, with the credentials coming from 100,000 breaches. The most vulnerable logins were those used for financial services and banking passwords, though gaming and file-sharing credentials were also affected.
UK telecoms providers are being banned from purchasing Huawei 5G equipment after 31st December 2020. In addition, the House of Commons has declared that all providers must remove the Chinese firm’s 5G kit from their networks by 2027. Digital Secretary Oliver Dowden said that a review by the National Cyber Security Centre informed the decision, with particular concerns over political tensions, the coronavirus pandemic, and China’s treatment of Hong Kong.
A new report has revealed the intense pressure cybersecurity professionals are facing in 2020. The annual ‘State of the Security Profession’ survey, led by the Chartered Institute of Information Security, had more respondents than ever and revealed that 54% of professionals left their roles due to burnout. In addition, 82% were concerned that company budgets were not high enough for 2020 threat levels.
