Five top tips for ensuring your conversational AI project is a hit

Most organizations have bold ambitions to deliver AI technologies internally, however they lack the skills, experience or capacity to deliver these projects successfully. Conversational AI is becoming more popular as a way of automating messaging and speech-enabled applications that offer human-like interactions between computers and humans. But it’s often hard to get these projects right.  Let’s look first at where …

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These are the industries most likely to be hit with ransomware

Companies in the Architecture, Engineering & Construction (AEC) industries are more than twice as likely to suffer from a ransomware attack, compared to companies in other industries, a new report from cloud security firm Egnyte suggests. Analyzing numerous reported incidents, Egnyte found that almost a third (31 percent) of victims are attacked at least twice every 16 months. A “small …

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Phishing attacks hit a huge number of businesses last year

In the past year, almost three-quarters (73 percent) of businesses suffered a data breach as a result of a successful phishing campaign. The trend can be partly attributed to remote working, as businesses struggle to maintain visibility and protect their remote workers, a new report from Egress suggests. Based on a poll of 500 IT leaders and 3,000 employees in …

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UK businesses are being hit hard by a lack of endpoint visibility

UK businesses have an acute lack of visibility into their endpoints, and it’s seriously hurting their bottom line.  This is according to endpoint management firm Tanium, whose new report, based on an analysis of 132 large organizations across EMEA, says UK organizations could save an estimate of more than $1.3 million, in just the first year of running quality endpoint …

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Majority of ransomware victims are hit with a second attack after paying up

It does not pay to cave in to the demands of ransomware attackers, a new report from cybersecurity firm Cybereason argues. Polling 1,300 security professionals around the world, the company found that 84 percent of businesses that decided to pay the ransom suffered a second attack. In more than half of cases, they were attacked by the same threat actors …

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Businesses are feeling the financial hit from tackling cyberattacks

Ransomware is becoming more devastating by the day and organizations that fall victim to attacks are suffering a significant financial toll. This is according to a new report from ransomware and data protection provider ProLion, which claims that 43 percent of businesses have been targeted in the past year, up from 38 percent the year before. Basing its findings on …

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Global venture funding hit a new record high in Q1 2021

A full year of the Covid-19 pandemic has resulted in tectonic movements in the business world, with tech companies in particular recording extreme growth. According to a new report from Crunchbase, there are now a greater number of unicorns (companies valued at $1bn or higher) than ever before. The report states that global venture investments hit $125 billion in the …

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UK businesses are being hit with thousands of new cyberattacks each day

Every 45 seconds, a business in the UK suffers a cyberattack. This is according to a new report from business ISP Beaming, which claims the attack rate has never been higher. The report states that the number of cyberattacks against organizations in the UK rose 11 percent in Q1 2021, compared to the same period last year. In the first …

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UK financial watchdog hit by barrage of malicious emails every month

In the last three months of 2020, the UK’s finance regulator received roughly 2,666 malicious emails every day. According to a new report from litigation firm Griffin Law, the Financial Conduct Authority (FCA) was the recipient of almost a quarter of a million malicious emails (238,711) in the fourth quarter of the year. Most of these emails were classified as …

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UK innovation agency hit with ransomware attack

UK Research and Innovation (UKRI), the government department that directs research and innovation funding, suffered a possible ransomware attack last week. The organization has issued a statement in which it described “data being encrypted by a third-party”. However, it could not confirm whether or not any data was stolen, which is common practice for modern ransomware operators. According to ZDNet, …

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