Dark Web Trends

negligence compromises user data, hackers attack digital points of sale, and SMBs struggle to hire top cybersecurity talent. 

Dark Web ID Trends:

Top Source Hits: ID Theft Forums 
Top Compromise Type: Domain 
Top Industry: Education & Research
Top Employee Count: 501+ Employees 

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Cyber Insurance Rises 5% in 2019

Despite a significant uptick in cybersecurity lapses, the average cost of cyber insurance only rose by 5% in 2019, according to a recent report. 

In some ways, this is good news for companies as cyber insurance has become an important commodity in today’s dangerous digital environment. However, the report also found that the insurance industry is getting more adept at controlling its own losses by imposing high deductibles and offering limited payouts. 

For instance, the sub limit on a $1 million ransomware policy can be as low as $25,000, and deductibles often exceed $10,000.

At the same time, the cost of a data breach is escalating quickly, and insurance payouts aren’t adjusting to this new reality, meaning that, even with an insurance reimbursement, companies often incur significant direct losses from a data breach.

Taken together, it underscores the importance of a strong defensive posture when it comes to cybersecurity risks as there are no helpful or affordable options once a data breach occurs.

https://www.scmagazine.com/home/security-news/data-breach/cyber-insurance-premium-costs-rise-5-percent-for-2019-despite-increased-attacks/

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Use different passwords for different sites!!!

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Cyber Security Tip of the month

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www.bitxbit.com

UK Business Leaders Believe Data Breaches Are the New Normal

The majority of UK businesses have suffered some form of a data breach in 2019, and C-suite business leaders view this reality as the “new normal.” 

This information was derived from the latest Carbon Black study, which surveyed 250 C-level business leaders from the UK. In total, 84% indicated that they endured a data breach in the past year, and the same amount indicated that cyber attacks were becoming more sophisticated. 

This new reality is especially notable among smaller businesses, which reported a 57% increase in cyber attacks. While the financial repercussions varied significantly, 75% of executives noted that reputational cost is one of the most problematic results of a data breach.

Interestingly, two of the most prominent threats identified by executives, malware and phishing attacks, are defensible. By implementing comprehensive awareness training, companies of all sizes can neutralize a persistent and problematic threat group.

In a cybersecurity landscape that’s increasingly defined by continuous attacks, controlling some of the variables can give any organization a leg up on the best efforts of bad actors.
https://www.itpro.co.uk/cyber-attacks/34545/carbon-black-attacks-and-breaches-the-new-normal-for-businesses

Bit by bit helps client networks run smooth and secure.. visit our website at www.bitxbit.com

November Newsletter: You're Running Out of Time with Windows 7

Get the Bit by Bit November Newsletter here

Bit by bit helps client networks run smooth and secure.. visit our website at www.bitxbit.com

U.S. Senate Passes Ransomware Response Law

Ransomware is making a devastating comeback in 2019, impacting SMBs, government agencies, and educational institutions with frightening regularity and at great cost. 

The scourge of attacks has been so profound that a bill governing ransomware response tactics actually elicited bipartisan support from a divisive U.S. senate. 

The new legislation calls for dedicated teams tasked with providing organizations with best practice advice for protecting against and responding to ransomware attacks. These resources will be available for SMBs, government agencies, and schools, which were specifically addressed by senate minority leader, Chuck Schumer.

The practical effects of such legislation are unclear, but the more prescient fact is that the law exists at all. It underscores the incredible need for more companies to adopt a best practice defensive posture and the chasm between those that are ready to defend themselves and those that remain vulnerable.

However, the law alone won’t solve SMBs problems. They need to understand the ways that their IT infrastructure might be vulnerable, and they need to make addressing those concerns a top priority.

https://www.infosecurity-magazine.com/news/senate-passes-ransomware-law/

Bit by bit helps client networks run smooth and secure.. visit our website at www.bitxbit.com