Cybersecurity News. PHOTO: Cybercrime Magazine.

Cybercrime Bytes: BlackBerry Stock Watch, Hacker Movieguide, Ransomware Insurance

Weekly news that keeps you on the cutting edge of cybersecurity

– The editors at Cybercrime Magazine

Sausalito, Calif. – Jul. 20, 2020

This week’s rundown is sponsored by Arcserve — your source for smarter, easier data and ransomware protection.

—  BlackBerry has established itself as a top player in the burgeoning cybersecurity sector. The 2019 acquisition of Cylance looked like a big step forward for the company, which has faced headwinds due to COVID-19. Its shares are currently trading near the middle of its 52-week range. For those with patience, Blackberry still holds promise. The Motley Fool

The 2020 edition of the “Complete List Of Hacker And Cybersecurity Movies” features flicks from 1968 to present with a central theme around hacking. Others have a certain character or enough footage on the subject matter to be included. From mainframe hacks in the ’60s to latest hacking trends, this is a comprehensive list for cyber film buffs. Cybercrime Magazine

Downtime costs resulting from ransomware mounted five to 10 times the price of the ransom last year, depending on the type of business and its reputation. Cyberinsurance policies covering ransomware damages have become increasingly important to vulnerable organizations globally. CIO Dive

Russia’s Attorney General says that cybercrime in the country has surged 25X over the past five years. There have already been 225,000 cybercrime cases in the first half of 2020 — which includes hacks on cryptocurrency accounts — a 92 percent increase in the same timeframe from 2019. The total number of Russian cases for all of last year was just 294,000. Cointelegraph

The U.S. is by far the chief target of serious cyberattacks, with the U.K. ranking second, according to a recent report. Over the past 14 years, the U.S. experienced 156 significant cyberattacks, according to data from the Center for Strategic and International Studies (CSIS). The Crime Report

Cybercrime Radio: U.S. Cyberspace Solarium Commission 2020 Report

Interview with CSC Executive Director Mark Montgomery

—  Information Technology sector job roles that are practically recession-proof during and post COVID-19 include cybersecurity, cloud security experts, risk analysts, IoT (Internet-of-Things) professionals, and AI (artificial intelligence) specialists. BusinessLine on Campus

Ransomware is rising again. In 2019, the FBI’s Internet Crime Complaint Center (IC3) received 2,047 ransomware (the fastest growing cybercrime) complaints from American companies, a 37 percent increase over 2018. The actual number was probably much higher, because only a small percentage of attacks are reported. The Lane Report

Turnover is rampant when it comes to chief information security officers at the largest companies in the U.S. A Cybersecurity Ventures analysis of Fortune 500 CISOs reveals just 10 percent of Fortune 500 CISOs have been in their current position for 4 years. Cybercrime Magazine

— Increasing adoption of robotics, AI, ML, IoT and robotics technologies is exposing businesses, governments and organizations to cyber risks. Cybersecurity Ventures expects the worldwide expenditure on cybersecurity to surpass $1 trillion cumulatively from 2017 through 2021. Investors might consider looking into the First Trust NASDAQ CEO Cybersecurity ETF and the ETFMG Prime Cyber Security ETF. Zacks

—  The healthcare industry will spend $65 billion USD cumulatively over 5 years, from 2017 to 2021 on cybersecurity products and services. Ransomware attacks in the healthcare space quadrupled between 2017 and 2020, and will grow 5X by 2021. Cybersecurity Ventures

Cybercrime TV: Dawn Cappelli, CISO at Rockwell Automation

Interview with F500 CISO and cybersecurity industry leader

Women represent around 20 percent of the global cybersecurity workforce, according to a report released by Cybersecurity Ventures. The answer to the lack of female representation according to Anna Collard, MD of KnowBe4 Africa, is to encourage women to cross-skill and expand into cybersecurity roles and to make the industry more welcoming as a whole. IT News Africa

— Consider that ransomware attacks occur every 14 seconds, according to Cybersecurity Ventures, businesses are turning to AI and machine learning capabilities to help shore up a scarcity of cybersecurity experts — and handing organizations improvements in detection speed, impact analysis and response. Tech HQ

— The State of Endpoint Resilience Report states that 60 percent of data breaches last year were linked to a vulnerability with a patch available but not applied — despite a 34 percent increase, year-over-year, in weekly costs dedicated to patching, according to ServiceNow. Absolute

— Broadly speaking, today’s technology workforce does not represent diversity, with less than 10 percent of the employees at many large tech companies being Latino or Black. One study found that just 9 percent of cybersecurity workers self-identified as African American or Black, 4 percent as Hispanic, 8 percent as Asian, and 1 percent as American Indian, Alaskan Native, and Native Hawaiian/Pacific Islander. Grey Swan Guild

 — The 2020 CISO 500 Data File from Cybersecurity Ventures was released on Jun. 15, 2020. This special compilation contains the CISO names at the 500 largest companies in the United States. Cybercrime Magazine

More next week.

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– From the editors at Cybercrime Magazine

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