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Cyberattacks result in loss of life and not just trivial Data Theft
Cyberattacks have long been associated with data breaches, financial theft, and reputational damage. When an organization falls victim to such an attack, the immediate concerns usually revolve around stolen information, loss of customer trust, and the financial burden caused by system downtime and recovery efforts. However, this traditional view of cyber risk is rapidly becoming […]
Ransomware losses expected to reach $20 Billion per month by 2031
For years, cybersecurity experts have warned about the devastating consequences of ransomware attacks on businesses worldwide. These attacks have not only pushed organizations into financial ruin—forcing some to permanently shut down—but have also had far more serious consequences. In critical sectors such as healthcare, ransomware incidents have been linked to delayed treatments and, in extreme […]
Research says Cyber Attacks are leading to toxic work culture for employees
A recent study by the renowned insurance firm Hiscox has revealed alarming trends in how cyberattacks are not only damaging businesses but are also taking a heavy toll on employees, leading to burnout, sick leave, and, in some cases, contributing to a toxic work culture. The research, which focused on businesses operating in Ireland, highlights […]
Global Cybersecurity spending to reach $377 billion as cyber threats increase
Global cybersecurity spending is expected to rise significantly, reaching $377 billion in 2024, up from $305 billion in the previous year (2023-2024). This sharp increase in expenditure is closely tied to the growing complexity and frequency of cyber threats, which have been further exacerbated by the rise of generative AI. The United States is set […]
IT and Security leaders are sharing passwords in shared documents folders
A recent survey conducted on IT leaders by Hitachi ID discovered that half of them are found storing passwords on shared document files, triggering security and privacy concerns. Hitachi, which recently entered into Identity Management, conducted a poll to take the feedback from over 100 IT leaders such as CIOs and CTOs working in companies […]
