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The Rise of Cybercrime – An Overview

Cybercrimes are more rampant in the year 2022. The rate of cybercrimes is increasing every year, and it is expected to reach its highest next year. It is said that cybercrime affects the security of more than 80% of businesses throughout the world today. It is mainly due to the limited capabilities of authorities in monitoring cyberattacks because this type of crime is performed using the virtual world.

According to the cybersecurity stats, more than half of cyberattacks are done through ransomware attacks. The statistics further stated that healthcare databases are the most targeted because of their importance to businesses. In addition, social media websites are also abused to spread malware and viruses or compromise sensitive information.

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Why PKI Is Critical to Your Cloud Strategy

Modern businesses are becoming ever more reliant on digital data and electronic activities, and as a result, meet rigorous data privacy compliance hurdles and information security regulations. Also, with companies increasingly under threat of online cyber-attacks and malicious insiders, enterprise applications and interfaces are now reliant on using digital credentials to manage how users and companies access sensitive information and crucial system resources. 

This is why businesses rely on several data authentication systems to guard their key customer and enterprise data. However, out of all different authentication systems, PKIs (Public Key Infrastructure) ensure the trustworthiness of identity credentials. 

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5 Promising Ways Big Data Deters Cybersecurity Threats

Undoubtedly, companies are blind, deaf, and in the middle of a freeway without big data analytics. Data is the new science whereas big data leverages the answer. Data production rates are evolving at a tremendous pace simultaneously with the human population. Humans produce mind-boggling amounts of data (2.5 quintillion bytes)  on a regular basis and the pace is only accelerating with the evolution of the Internet of Things (IoT). The world has generated 90% of data only in the past two years. Also, according to certain predictions, it is predicted that the world will store 200 zettabytes of data by the year 2025. 

Cybercrimes are progressing by leaps and bounds in parallel to the data production rate. There would be no wrong in saying that cyber attacks seem to be breeding like rabbits. The globe faces more than 10,000 malicious files and 100,000 malicious websites on a daily basis. Phishing attacks account for over 80% of the reported security incidents. As of January 2021, Google has registered more than 2 million phishing sites.  Since the pandemic outbreak, remote workers are also the target of alarming cyberattacks. Hence, people are aware of each and every cyberattack that is encountered all around the world due to their effortless access to the internet.

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Anti-Virus and 0-Day Threat Protection for Java Web Applications

Web APIs and applications are increasingly becoming a target. Gartner predicts that by 2022, the #1 attack vector for enterprise applications will be the API. Not only can end-users upload viruses, but attackers can craft specialized attack malware and upload this content through your public web application. Once uploaded, these threats can move through your systems, being stored in cloud storage or databases, and eventually can get executed.

Consider an example: an insurance company allows its users to upload PDFs as part of the claims process. An attacker creates a custom executable and uploads that into the claims UI. Since it has the right file extension (.PDF), the system accepts it and stores it into its database. Because it is a new, 0-day threat it passes through the minimal virus scanning that the company has in place. Later, a claims manager downloads this file onto their computer and opens it — resulting in an endpoint infected with an Advanced Persistent Threat (APT). From the attacker's perspective, this was actually easier than phishing because they didn't even need to send any emails.

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Why App Developers Need to Adapt CIAM Today More Than Ever

As B2C companies look to offer an elevated user experience across all touchpoints, app developers are increasingly turning to customer identity and access management (CIAM) solutions that can help protect customer data and enhance the customer experience.

Customers have become increasingly receptive to new technologies and are using a wide array of digital solutions such as smartphones, wearable devices, virtual reality (VR), and Internet of Things-enabled systems in their daily lives. These digital solutions have made the execution of tasks easier and faster, bringing about a major change in customers’ behavior – i.e. the need for instant gratification of their demands. 

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A Collaborative Approach to Cybersecurity

Recent data from security firm LogRhythm highlights the long way most companies still have to go before their cybersecurity is up to scratch. In their survey of 1,500 IT professionals, they found that just 15 percent were confident in their organization’s cybersecurity capabilities.

“These results are worrying as whilst firms have expressed concerns about the regular occurrence of data breaches hitting today’s headlines, it seems like there’s still a long way to go when it comes to addressing their own cybersecurity capabilities,”LogRhythm say. “Today’s hackers are smart, creative, and persistent enough for even the most well-equipped business to be compromised. Having the most up-to-date, sophisticated tools in place is key in combatting modern-day threats.”

While the study cites things like the need for automation to tackle the ever growing speed and complexity of threats, something they neglect to mention is the need for cooperation across the industry. That is exactly the rationale behind the creation of the Charter of Trust by German industrial giant Siemens. The charter, which was originally formed with nine members, has recently grown to 16, including AES, Airbus, Allianz, Atos, Cisco, Daimler, Dell Technologies, Deutsche Telekom, Enel, IBM, NXP, SGS, Total, and TÜV Süd.