Cybersecurity News. PHOTO: Cybercrime Magazine.

Cybercrime Bytes: 4,500 Women In Security, Phi Beta Cyber, Talent Gap Persists

Weekly news that keeps you on the cutting edge of cybersecurity

– The editors at Cybercrime Magazine

Sausalito, Calif. – Aug. 10, 2020

This week’s rundown is sponsored by Absolute — New enterprise security trends, threats & opportunities revealed in 2020: The State of Endpoint Resilience™ Report, our annual study of 8.5 million devices. 

—  There are now more than 4,500 women in cybersecurity on Cybersecurity Venture’s popular @WomenKnowCyber Twitter list. The list, which spawned a community including a book and a documentary currently being filmed and sponsored by Mastercard, was started up in the summer of 2018 and grows daily. Cybercrime Magazine

—  The Phi Beta Cyber Society has launched its Twitter account @PhiBetaCyber. Phi Beta Cyber volunteers pledge to speak at local high schools — in order to raise awareness around cybercrime, cyberwarfare, and the importance of cyber defense. The goal is to help generate more of our nation’s future cyber fighters. Twitter

The cybersecurity industry is facing a very real talent gap, with an expected shortfall of 3.5 million experts globally by 2021, according to research by Cybersecurity Ventures. A crucial tool in addressing this shortfall is diversity — a greater range of nationalities, genders and economic backgrounds means more ideas and better defense. Forbes

—  Some Long Island firms are rethinking the 5-day office workweek, but not Northport’s Cybersecurity Ventures, which publishes Cybercrime Magazine. As long as it’s safe to do so, our employees are using the in-office studio to record media. We’ve also hired a Maine-based multimedia director and could foresee going that route for certain future positions. Newsday

— Global population is expected to exceed 8 billion people by 2023. According to Cybersecurity Ventures research, the number of internet users will grow by 11.5 percent annually till the year 2022, driven by the reducing internet gap between the lagging emerging markets and developed nations. SeekingAlpha

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KnowBe4’s Chief Evangelist & Strategy Officer Advises G2000 CISOs

— Canon has reportedly been hit by a ransomware attack that has resulted in an outage impacting users of the photo storage site as well as affected the company’s U.S. website. According to a Bleeping Computer report, Canon was attacked by the notorious Maze ransomware gang and involved the theft of 10 terabytes of confidential data and private databases. CXO Today

Growth in sign-ups exceeds 350 percent over last year at identity verification provider IDnow. The high flying Munich, Germany based cybersecurity company is reporting substantial growth across its global operations as COVID-19 accelerates the need for digital processes. Since launching into the UK, IDnow has secured big brands including Allied Irish Bank, UBS and BP. London Loves Business

— One of the biggest threats to business continuity is, of course, cybercrime — most notably ransomware. Given that the average ransomware payment being made jumped by around one-third at the start of 2019 to $111,000, it is a key item on every CIO’s agenda. ESI Africa

The importance of the cybersecurity sector to Saudi Arabia has been reflected in its setting up of several dedicated organizations such as the National Cybersecurity Authority (NCA); the Saudi Federation for Cybersecurity, Programming, and Drones (SAFCSP); and the Prince Mohammed bin Salman College of Cybersecurity, Artificial Intelligence, and Advanced Technologies. Arab News

— In a 3-part series, Cyber Risk experts from Kroll joined Steve Morgan, editor-in-chief of Cybercrime Magazine, to debate some of the topics high on every senior information security professional’s mind — including the important role of a CISO in mitigating cyber risk, the talent shortage, ransomware attacks, and cyber insurance. Kroll

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Scott Schober on Cybersecurity Ventures’ CISO 500 Data File

— A recent study on how ransomware attacks affect consumer behavior shows that you can’t underestimate the impact of good cybersecurity on your bottom line. For example, 59 percent of respondents said they would avoid doing business with a company that had been affected by a cyberattack in the past year. Arcserve

—  In 2004, the cybersecurity market was worth $3.5 billion. According to Cybersecurity Ventures, this increased to $120 billion by 2017. It projects global spending on cybersecurity will exceed $1 trillion from 2017 to the end of 2021. Investors who want to get in on this lucrative market should consider the Evolve Cyber Security Index Fund (TSX:CYBR). MENAFN

—  Cybersecurity is one of the few IT sector job roles that are practically recession proof in India during and post COVID-19. With more and more companies adapting to working remotely in order to thrive in this situation, security has become a significant point of concern. MSN Money

— According to research from Cybersecurity Ventures, ransomware attacks are expected to strike every 11 seconds and reach $20 billion in damage costs by 2021. To combat ransomware, Acronis released its hardened backup solution specifically designed to meet the unique needs of air-gapped networks — a cybersecurity measure for securing a computer network by physically isolating it from other networks. Acronis

— With an eye toward the skills shortage and addressing security staffing deficits it cited from a Cybersecurity Ventures data forecast, online learning platform Udacity recently launched what it calls an Introduction to Cybersecurity Nanodegree program. DarkReading

More next week.

Cybercrime Bytes Archives

– From the editors at Cybercrime Magazine

Sponsored by Absolute

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We help organizations recover and resume normal operations in the face of security breaches.

Absolute envisions a world where security and IT professionals always retain control over their devices and data. We’re the first and only company to offer uncompromised visibility and near real-time remediation of security breaches at the source.

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