Cybersecurity News. PHOTO: Cybercrime Magazine.

Cybercrime Bytes: Hacker Study Results, Cyber Defense Spending, New F500 CISO File

Weekly news that keeps you on the cutting edge of cybersecurity

– The editors at Cybercrime Magazine

Sausalito, Calif. – Jul. 27, 2020

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

—  “Inside The Mind Of A Hacker” is the most extensive study of global hackers and the economics of security research. It features new data about where hackers come from, what motivates them, which skills they have, and how they see themselves. 3,493 hackers were surveyed across 1,549 crowdsourced programs. Bugcrowd

— Companies are taking cyber threats seriously as nearly 7 out of 10 business leaders say that the risks to their cybersecurity are rising. Global cybersecurity spending from 2017 through 2021 is expected to be greater than $1 trillion, according to Cybersecurity Ventures. Forbes

— 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. A July update includes new CISO names from the latest Fortune 500 list. Cybercrime Magazine

A new CrowdStrike podcast series hosted by Cybercrime Magazine focuses on the critical role cyber threat intelligence (CTI) plays in an effective cybersecurity strategy. The series features CrowdStrike SVP of Intelligence Adam Meyers, a renowned expert in the field of cyber intelligence and a highly sought-after speaker. CrowdStrike

— Cybersecurity Ventures estimated that there would be a ransomware attack on businesses every 14 seconds by the end of 2019, and every 11 seconds by 2021. In response to this rapidly growing threat, the editors at Cybercrime Magazine have compiled a list of 25 hot companies who develop anti-ransomware tools, platforms, and services. Cybercrime Magazine

Cybercrime Radio: World Economic Forum’s Centre for Cybersecurity

Interview with Troels Orting, Chairman of the Board

—  According to the U.S. Secret Service, there’s an increase in ransomware attacks targeting MSPs (managed service providers.) Cybersecurity Ventures forecasts that ransomware costs will reach $20 billion by 2021. Some new ransomware doesn’t just lock up data, it steals it. Ransomware targeting Mac computers even has built-in spyware to grab credit card numbers and passwords. StorageCraft

— Established criminal organizations have started offering Ransomware-as-a-Service (RaaS) to weaponize ransomware kits and make it easier for less sophisticated cybercriminals to launch such attacks, according to CrowdStrike. During 2019 in the U.S. ransomware infected 113 state and municipal governments and agencies, 764 healthcare providers, and 89 universities, colleges and school districts. Thales

— As per latest data by U.S.-based think tank, Center for Strategic and International Studies (CSIS), India experienced the third-highest number of “significant” cyber attacks in a 14-year period between May 2006 and June 2020. India reportedly fell victim to 23 significant cyberattacks, the latest of which came just last month. Beebom

— Cybersecurity Ventures predicts that the healthcare industry will spend more than $65B cumulatively on cybersecurity products and services over the five years from 2017 to 2021 as published in the 2020 Healthcare Cybersecurity Report. Sterling

Smartwatch and wearable maker Garmin shut down several of its services on July 23 to deal with a ransomware attack that has encrypted its internal network and some production systems. In messages shared on its website and Twitter, Garmin said the outage also impacted its call centers, leaving the company in the situation of being unable to answer calls, emails, and online chats sent by users. ZDNet

Cybercrime TV: Do You Sell To Fortune 500 CISOs?

Scott Schober on Cybersecurity Ventures’ CISO 500 Data File

— Cybersecurity Ventures predicts that the total amount of data stored in the cloud — which includes public clouds operated by vendors and social media companies, government-owned clouds that are accessible to citizens and businesses, private clouds owned by mid-to-large-sized corporations, and cloud storage providers — will reach 100 zettabytes by 2025. Cybercrime Magazine

The cybersecurity sector is still very much a boys club and that needs to change. Data presented by Forrester Research in 2018 suggested that women represented just 11 percent of cybersecurity professionals worldwide. While Cybersecurity Ventures reports that this figure may have risen to 20 percent in 2019, it is still not ideal. Hypertext

During COVID-19 the need for skilled cybersecurity professionals is more crucial than ever, with global shortages in talent affecting 82 percent of organizations. Further, 71 percent of those organizations believe this talent gap has caused direct and measurable damage to their organizations. Intelligent CIO

— Zero Trust Model simply states “Don’t trust anyone either from the internal or external network and always verify.” A recent study from IBM predicted that the average cost of a data breach is over $3 million.  Companies are shifting their focus on adopting the Zero Trust model to prevent the data breaches. Security Spoc

— In an in-depth podcast interview (part I) with Cybercrime Magazine, Mark Montgomery, executive director at the U.S. Cyberspace Solarium Commission (CSC), explains their formation, structure, mission, strategy and 2020 report. Cybercrime Radio

More next week.

Cybercrime Bytes Archives

– From the editors at Cybercrime Magazine

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