FBI Director Robert Mueller once said, “There are only two types of companies: those that have been hacked, and those that will be.” Every business, no matter its industry or scale, is a potential target and unless there is a strong security culture in place, odds are that a breach will occur, causing a loss of information, leakage of critical data or direct financial fraud.
A 2018 study by Ponemon and IBM estimated the global average cost of a data breach at over $3.86 million, a stunning 6.4 per cent increase since the last year.
HBO recently lost 1.5 terabytes of data, including TV show episodes, scripts, manager emails and some actors’ personal information.
Economic Impact: A recent Frost & Sullivan report estimated that a large enterprise in the APAC region, can potentially incur over 30 Million USD in cybersecurity breaches every year.
This not only affects their operational productivity but also hampers their innovation and research capabilities, setting back their growth by months.
This forced Sony Entertainment to shut down operations for an entire month before the situation could be managed.
The FBI has reportedly been unsuccessful this week in trying to crack the PIN on a phone belonging to the suspect in Sunday's mass shooting in Dayton, Ohio.
FBI Deputy Director David Bowdich said if the suspect used a six- or eight-digit passcode, it could take months or years to break, The Hill reported Thursday.
The shooting left nine people dead and 27 injured.
The suspected shooter was killed by police at the scene.
The FBI has been able to unlock one of the alleged shooter's phones, a Samsung device, a Senate Democratic source told CBS News Thursday.
However, the suspect, Connor Betts, of Bellbrook, Ohio, had multiple phones.
The trend of attacking Managed IT Service Providers is continuing.
An MSP paid hackers about $150,000 to unlock data
Hackers specifically targeting MSP software platforms to launch ransomware attacks
Ryuk ransomware hitting a Cloud Service Provider that works closely with MSPs.
Hackers have been hitting MSPs of all sizes — not just global technology service providers.
of Homeland Security have repeatedly warned MSPs and their technology platform providers about such attacks.
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Biometric technology is a system, which measures the statistical analytics of any individual, based on the physiological and behavioural characteristics.
Increasing demand for authentication and high security are the major factors driving growth of the global biometric vehicle access market
Privacy is the major concern regarding biometric solution resulting in the increasing demand for authentication.
Vehicle theft is one of the major problems faced by the consumers due to lack of security systems in the vehicles.
Therefore, increasing threat of vehicle stealing is resulting in increasing demand for biometric authentication solutions in vehicles, which is a safer security solution.
Therefore, the probabilities of fraudulence in the fingerprint recognition system is less than that in the conventional recognition, which is expected to significantly increase the use of finger print recognition systems in the biometric vehicles.
