Bots are costing businesses millions every year

Every year, businesses lose the equivalent of 3.6 percent of their revenue to bot attacks, according to a new report from Netacea. For a quarter of businesses affected (25 percent), this amounts to a quarter of a million dollars lost. The bot management firm says the average enterprise takes three months to spot a bot attack, mostly because they don’t …

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Millions of UK SMBs are worried about cyberattacks

The vast majority (73 percent) of UK-based small and medium-sized businesses (SMBs) don’t believe they are equipped to survive a cyberattack. This is according to a new report from security operations firm Arctic Wolf, based on a poll of 505 SMB leaders. On average, SMBs receive around 75 cybersecurity alerts a day, which two in five (39 percent) describe as …

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Compromised cloud accounts costing businesses millions

Compromised cloud accounts cost organizations millions each year, a new report from cybersecurity firm Proofpoint and IT security research organization Ponemon Institute claims. Part of the problem surrounds the fact that many don’t know who is responsible for safeguarding that data. At the same time, criminals are increasingly eyeing up cloud as a treasure trove of sensitive data. The average …

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Millions of UK workers don’t have the proper digital skills they need

Around half of the UK’s workforce, approximately 17 million people, are lacking what’s known as Essential Digital Skills (EDS), collective FutureDotNow has said in a new report.  FutureDotNow is a coalition of leading organizations focused on accelerating the UK’s workplace digital skills at scale, and says its report found people without EDS are present, in large numbers, in industries such …

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Millions of BigBasket users have details leaked online

Personally identifiable data relating to more than 20 million BigBasket users has allegedly ended up on an underground forum where criminals buy and sell stolen  data and hacking tools. As reported by TechCrunch, hackers going by the name “ShinyHunters” posted the database on the dark web for free over the weekend. The publication analyzed a small sample of the database …

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The ICO dished out tens of millions in fines last year

The UK data protection watchdog issued dozens of fines last year to companies in breach of Privacy and Electronic Communications Regulations (PECR) and the Data Protection Act (DPA). According to a report from the Parliament Street think tank, the Information Commissioner’s Office (ICO) fined 17 companies a total of $58.8 million last year. The bulk of this sum ($27.7m) came …

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Remote working technologies saved millions of jobs worldwide

The Covid-19 pandemic forced most businesses to rethink how they approach their everyday operations, virtually overnight. As people were required to keep their distance, remote working suddenly became key to business continuity, and communications and collaboration tools proved pivotal. A new report from video conferencing company Zoom sheds more light on just how important these tools were for businesses in …

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UK faced millions of cyberattacks last year

The UK faced millions of Covid-19-related cybersecurity threats last year, but generally managed to mitigate attacks effectively, a new report from Trend Micro claims. According to the security firm, a total of 16.4 million Covid-19-related threats were recorded last year, with four percent (563,571) identified in the UK. The US suffered the highest volume of attacks by a significant margin: …

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Businesses are wasting millions on unused software licences

As businesses try to remain operational during the Covid-19 pandemic, they are looking to cut costs wherever they can. One way they could save a lot of money, which they seem to be neglecting, has to do with software licenses. According to a new report from Insight, enterprises spend an average of $2.78 million every year on software licenses for …

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NHS ‘could waste millions’ upgrading technology systems

The Commons Public Accounts Committee has issued a new report in which it argues that current NHS IT modernization efforts are too expensive and will not deliver value for money.  According to the BBC, the 2014 digital transformation initiative, which has since been moved back a few years and “watered down”, has neither a detailed plan, proper governance, nor sufficient …

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