Almost half of UK businesses would pay ransom following an attack

UK businesses are most likely to pay up following a ransomware attack, new figures have claimed. Research by security firm Malwarebytes found that almost half (49 per cent) of UK businesses would pay ransom following a ransomware attack. Globally, the figure sits somewhat lower, at 42 per cent, according to Malwarebytes’ “Second Annual State of …

Over 6 billion IoT devices on the planet, Big potential for cybercriminals

According to Gartner, there are currently over 6 billion IoT devices on the planet. Such a huge number of potentially vulnerable gadgets could not possibly go unnoticed by cybercriminals. As of May 2017, Kaspersky Lab’s collections included several thousand different malware samples for IoT devices, about half of which were detected in 2017. The number …

Report Urges Security providers to consider offering DDoS protection as a service

A new report by Corero Network Security suggests that offering DDoS protection as a service is a viable business idea. Out of its respondents, 82 percent see a “clear business opportunity” in providing DDoS protection as a service to its customers. Also, 93 percent see providing DDoS mitigation in relation to other types of security …

ICANN Denies Allegation That New gTLD Have Increased Phishing & Malware Sites

According to a company blog post out today, by brand protection company CSC, citing Amy Mushahwar, counsel and Chief Information Security Officer at Washington, D.C. law firm ZwillGen PLLC, says:   “New domains (new gTLD’s) are being registered as phishing sites and for drive-by downloads of malware.”….“Nefarious uses have been very widespread. It’s incumbent upon …

The Internet of Things Is Wildly Insecure — And Often Unpatchable

We’re at a crisis point now with regard to the security of embedded systems, where computing is embedded into the hardware itself — as with the Internet of Things. These embedded computers are riddled with vulnerabilities, and there’s no good way to patch them.   It’s not unlike what happened in the mid-1990s, when the …