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Cybercrime Bytes: Quantum Threats, Personal Identity Currency, Black Market Boom

Weekly news that keeps you on the cutting edge of cybersecurity

Steve Morgan, Editor-in-Chief

Sausalito, Calif. – Dec. 11, 2019

This week’s rundown is sponsored by KnowBe4, the world’s leading platform for security awareness training and simulated phishing.

— Once considered too futuristic to pose a real risk, quantum computers will soon become a reality — and financial institutions (FI) are not yet prepared to deal with potential threats to cybersecurity. Bobsguide

— Our personal information is now the world’s most valuable currency. Can we reclaim it before it’s too late? Popular Mechanics

— Defense and Tech Specialist Michael Robinson calls cybercrime “the black market’s ultimate growth industry,” and he calls the cybersecurity sector a “massive, profitable tech trend.” Money Morning

— Cybercrime reaches an all-time high in New Zealand according to new findings from the government-funded Computer Emergency Response Team, known as CERT, PwC cybersecurity expert warns of ways to keep safe online. TV New Zealand

— Recruiting women in cyber: If you are one of the first organizations to figure out how to increase your gender diversity, then you will have a huge advantage compared with organizations who don’t. HealthData Management

— Just because your business isn’t on the Fortune 500 list, it doesn’t guarantee it’s threat free. Ransomware is the most popular form of cyberattacks that are being launched on small businesses. ReadWrite

— Cybersecurity Ventures bestows second annual “Cybersecurity Person Of The Year” award on nerd, web pioneer, and philanthropist Craig Newmark, the iconic founder of Craigslist. Cybercrime Magazine

— For critical infrastructure, the cybersecurity workforce shortage is even more threatening. The skills that a typical IT security professional acquires does not necessarily transfer to critical infrastructure that runs within ICS (industrial control system) environments. SC Magazine

— 60 percent of cyberattacks target small businesses. Mastercard responds with free cybersecurity resources for small and mid-sized businesses. Cybercrime Magazine

— Clario Tech Ltd, a newly formed digital privacy and security company, announces its intent to fight the $6 trillion cybercrime crisis. The company will spend $30 million in 2020 to develop and market Clario with a team of 800 people. PR Newswire

— FutureCon wraps up its 2019 cybersecurity conference series in Tampa, Fla. with a Reddit style keynote presentation from KnowBe4 CEO Stu Sjouwerman. Cybercrime Magazine

— The popular @WomenKnowCyber Twitter list, compiled by the editors at Cybersecurity Ventures, is nearing 4,000 names, and it continues to grow daily. Twitter

— DDoS (distributed denial of service) attacks are anticipated to double to 14.5 million by 2022; industries being targeted include financial services, media / information services, and insurance. Cybercrime Magazine

— 18 cybersecurity statistics and research figures sum up 2019, with cybercrime damage cost research from Cybersecurity Ventures. Bricata

— Cybersecurity Ventures is a media sponsor for the second year in a row at RSA Conference USA 2020 in San Francisco from Feb. 24-28. Save $900 with this limited time Special Registration. RSA Conference

More next week.

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Steve Morgan is founder and Editor-in-Chief at Cybersecurity Ventures.

Go here to read all of my blogs and articles covering cybersecurity. Go here to send me story tips, feedback and suggestions.