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Retailer's Need to Up Their Data Security Game This Year on Black Friday & Cyber Monday

Black Friday and Cyber Monday mark two of the most important events for retailers in the United States, if not the world. In fact, November and December have historically accounted for nearly a third of the retail industry’s annual sales. However with cybercrime, particularly ransomware, growing in 2021 by as much as 900% IT professionals in the retail industry have no choice but to up their game.

Of course, the retail industry has been chief among those to feel the ransomware pain. According to Sophos’s State of Ransomware in Retail 2021 Report, approximately 44% of retail organizations were hit by a ransomware attack in 2020, and more than half of those affected (54%) said cyber criminals had succeeded in encrypting their data. The research also indicated that 32% of retail organizations whose data was encrypted paid the ransom to get their data back. The average ransom payment was US$147,811 – lower than the global average of US$170,404.

: SECURITY EXPERTS AND ANALYSTS; Cyber Security & e-Crime; Posted On Wednesday, 17 November 2021 23:42

F-Secure joins leading tech charity Internet Watch Foundation

Partnership strengthens efforts to provide people and families with a safe digital environment.

Helsinki, Finland: F-Secure has joined the Internet Watch Foundation (IWF), a charity dedicated to the eradication of online child sexual abuse imagery. Joining the IWF strengthens both organizations’ efforts in protecting children by allowing them to capitalize on one another’s unique capabilities.

“F-Secure joins the IWF at a pivotal time. Last year was a record year for the IWF, with our analysts finding and removing more child sexual abuse content from the internet than ever before,” said Susie Hargreaves OBE, Chief Executive of the IWF. “The threat posed by online sex predators, who will exploit anything they can to access and abuse children, cannot be underestimated. This is why working with organizations like F-Secure is so important. They are vital allies in protecting children and making the internet a safer place for everyone.”

: THE EDITORIAL TEAM; Industry News; Posted On Wednesday, 17 November 2021 10:40

ConnectWise Unveils Major New Developments at IT Nation Connect

Next Generation of ConnectWise unveiled with new Asio unified platform, launch of the next Automate, increased investments in cybersecurity, partner growth programs, and more

London: ConnectWise has announced a series of innovative new product developments and programs—the future of RMM—all designed to help IT solution providers be better prepared to meet today’s most pressing challenges, from cyber threats to digital transformation.

: John Aduma; Industry News; Posted On Wednesday, 17 November 2021 10:36

Ethical Hackers Reduce $27 Billion in Risk During COVID-19 Vulnerability Surge

Bugcrowd Releases Annual Report on Humans in Crowdsourcing-Powered Cybersecurity

SAN FRANCISCO: Bugcrowd has released its annual Inside the Mind of a Hacker ’21 report, which provides CIOs and CISOs valuable insight on ethical hackers and the economics of security research. New findings indicate a startling shift in the threat landscape with 8 out of 10 ethical hackers recently having identified a vulnerability they had never seen before.

This comprehensive annual study offers an in-depth look at ethical hackers to reveal how they reduce risk, which industries leverage their expertise most, and what organizations are doing to attract high-performing security researchers to their programs. It also indicates the growing geographic disparity in crowdsourced cybersecurity investment, with continental Europe allocating 79% less budget to ethical hacking than North America.