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Catch up on what is happening in the cybersecurity world

Cybersecurity market doubles in five years

By MyCena | Posted on : 25 February 2021

MyCena

As the world continues to depend more on technology, cybersecurity is playing a greater role than ever before. A report in UK Tech News has revealed that businesses currently spend around $45 billion per year on security software, an increase of 50% since 2016.

According to the report, the greatest concerns to businesses include data protection, preventing unauthorised system access, and protecting remote workers. As cyber threats become more sophisticated this spending is predicted to grow further to an annual spend of $61 billion by 2025.

Biden assembles cybersecurity ‘Dream Team’

By MyCena | Posted on : 25 February 2021

MyCena

After a number of recent high-profile cybersecurity issues, U.S. President Joe Biden has wasted no time in making plans to combat future attacks. Anne Neuberger, formerly of the National Security Council, was chosen by Biden to lead a newly created taskforce investigating the 2020 SolarWinds hack and will take the position of Deputy National Security Advisor for Cyber and Emerging Technology.

In creating this role, Biden has shown that cyber attacks are among the greatest threats to national security today and as reported by Bloomberg, Biden’s new ‘Dream Team’ face an extremely difficult task ahead.

25% of users mixing work with pleasure

By MyCena | Posted on : 25 February 2021

MyCena

As increased remote working blurs the lines for many between work and home life, a report has revealed a potential security consequence. According to Techradar, a quarter of workers surveyed admitted to using work passwords for private accounts including dating sites, online shopping, and food delivery.

This reuse of passwords should worry businesses says Phil Richards, with data breaches and credential stuffing attacks potentially leaving enterprise systems vulnerable. Richards also suggests that businesses consider a Zero Trust approach to cybersecurity which could include password policies, security software and staff connecting via VPN.

France invests in cybersecurity

By MyCena | Posted on : 25 February 2021

MyCena

Earlier this month, two French hospitals were left unable to fulfil operations, and without internet and phone systems, after suffering high profile ransomware attacks. French president Emmanuel Macron was quick to respond, saying France was “vulnerable” and immediately pledging €1 billion to fight attackers.

With the two hospitals expected to be offline for many weeks while issues are fixed, Macron added that this has demonstrated the “importance of stepping up and investing [in cybersecurity].”

Universities targeted by “big game hunters”

By MyCena | Posted on : 25 February 2021

MyCena

Covid-19 has seen universities become a popular target for big game hunting cyber criminals, according to a report from BlueVoyant. The report revealed that attacks on higher-education institutions doubled from 2019 to 2020 as the pandemic stretched their cyber resources. With ransom demands exceeding $2 million, combating future attacks will be key for universities and according to the article, a 2019 survey indicates that “hiring and retaining IT talent” is the single top priority for educational institutions.