ICO seeks insight into the way businesses deploy personal data

The Information Commissioner’s Office (ICO) wants to learn more about the tools and services employers use when monitoring their employees in the remote-enabled world. Apparently, it wants to learn more about these topics so that it can update the current Employment Practices guidance. By updating the guidance and bringing it up to speed with the latest developments brought upon everyone …

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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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A massive number of businesses suffer email breaches

Email is still one of the most successful attack vectors for criminals looking to breach a company. A new report from email security solutions provider Hornetsecurity Group, based on a poll of 420 firms, says that one in four businesses suffered an email-related security breach in the past year. In 36 percent of cases, these email-related breaches were caused by …

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Password reuse is still an issue for businesses everywhere

Password reuse is still widespread among employees across the globe and training initiatives are only making a “negligible difference”, a new report from identity and access management company My1Login suggests.  Polling 1,000 employees and 1,000 business leaders for its latest report, My1Login found that almost two-thirds of employees use the same passwords for both private and business accounts. Furthermore, the …

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Data erasure backlog could put businesses at risk of fines

When the Covid-19 pandemic forced people to transition to the home office, many started using personal devices for work. This means potentially sensitive company data started mixing with employee private data on devices such as PCs, smartphones, and tablets.  According to a new report from IT asset disposal company DSA Connect, if companies aren’t careful and don’t dispose of this …

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Fewer businesses reported data breaches to authorities during the pandemic

During the 2020/21 fiscal year, businesses in the UK reported a total of 9,532 data breach incidents, representing a 20 percent drop compared to the same period the year before. This is according to a new report from the Parliament Street think tank, based on data published by the Information Commissioner’s Office (ICO).  The report states that the Covid-19 pandemic …

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Businesses now far more likely to encounter a cyberthreat

In the last year, the chances of a business coming face to face with a cyberthreat have increased by a quarter, a new report from cybersecurity firm Avast suggests. Based on data from 10,000 private computers, as well as 1,000 devices belonging to businesses, the report states that the overall chance of employees encountering a cyberthreat rose from 11.25 percent …

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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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Hit-and-run DDoS attacks causing havoc for businesses

Ransomware attacks may be grabbing the headlines, but there’s more for businesses to worry about. According to a new report from cybersecurity firm Radware, so-called hit-and-run distributed denial of service (DDoS) attacks are causing havoc for businesses left and right. Unlike traditional DDoS attacks, in which an attacker uses a botnet to send huge amounts of traffic to a server …

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Businesses suffer major financial damage as a result of supply chain attacks

Security breaches caused by the compromise of a software provider or other partner are causing businesses significant headaches, a new report from email security company GreatHorn suggests. Also known as supply chain attacks, these incidents have affected three quarters of organizations, the majority (79%) of which suffered financial losses as a direct result, to the tune of $6.1 million on …

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