Ransomware attacks are now more costly than ever

Were it not for a single ransomware group and its enormous demands, average and median ransom figures would have been lower in Q1 2021, compared to previous quarters. However, the average ransom payment has risen 43 percent, and median ransom payment rising 59 percent, quarter-on-quarter. This is according to a report from ransomware recovery company Coveware, which states that the …

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Home workers still keep putting their employers at risk

If remote workers still haven’t placed your organization’s sensitive data at risk, they’ll most likely do so in the near future. According to a new report from encrypted USB manufacturer Apricorn, employees at more than a third (35 percent) of UK businesses knowingly put corporate data at risk last year. The majority of respondents (58 percent) believe their remote workers …

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The UK saw a significant rise in cybercrime last year

The pandemic has been seized upon by cybercriminals everywhere, allowing them to leverage the exploding levels of fear and uncertainty to spread malware, steal money and sell valuable data on the black market. A new report from cybersecurity firm ESET analyzed the state of cybercrime in the UK for 2020, and uncovered an increase of 19.1 percent compared to the …

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Ransomware attacks are becoming increasingly targeted

Ransomware operators are losing interest in wide net attack strategies. Instead, they’re more inclined towards targeted attacks, in which they know exactly who they’re targeting, why and for how much money. This is according to a new report from cybersecurity firm Kaspersky, which states that the number of ransomware attacks has been steadily declining over the years. Between 2019 and …

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European executives lead the way in cyber-awareness

A greater proportion of European executives consider cybersecurity part of their business mission than their American counterparts, a new report from Trend Micro suggests. The report claims that 73 percent of European business and IT leaders view cybersecurity, either partially or entirely, as a business area. At the same time, just above half (58 percent) of their peers in North …

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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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Cisco says computer chip shortage could last for months

Cisco’s Chief Executive Officer (CEO), Chuck Robbins, believes the current shortage of computer chips will last all year. Speaking to the BBC on the matter, he said: “We think we’ve got another six months to get through the short term. The providers are building out more capacity. And that’ll get better and better over the next 12 to 18 months.” According …

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A revolution for digital procurement

The new Green Paper on transforming public procurement was an interesting read for me as someone who is immersed daily with the public sector on digital projects. I’m also someone who believes that transparency and openness, as well as an awareness of social value, are infinitely important to the process. The Government’s aim is for this Green Paper to prompt …

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Did Covid change software development for the better?

The idea for the Minimum Viable Product (MVP) methodology for software development first appeared 20 years ago, becoming mainstream with the 2011 publication of The Lean Startup by Eric Ries. Getting an application to MVP level has become the way enterprises create products that have just enough features to attract early adopters, providing the feedback needed to validate or abandon …

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The workplace is not dead – but the future is hybrid

The past year has significantly redefined the workplace as most offices across the UK closed and workers set up from home. With the successful transition to long-term remote working (despite initial road bumps), and the drastic COVID impact, the post-pandemic world of work will never be the same again. Though with its documented disadvantages, home working has brought so many …

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