Media and software services giant Bloomberg believes that “cyberattacks pose a significant threat to oil and gas companies” supply chains, and in turn, could impact oil-based economies such as the UAE and Saudi Arabia.
Bloomberg recently hosted the "The Future of Cybersecurity: Risk, Readiness and Energy Resilience" event in Dubai. A study by its sponsor Siemens and the Ponemon Institute estimated that financial losses due to cyberattacks on the oil and gas industry were as much as $1 billion in 2017 and Bloomberg Intelligence notes a World Economic Forum survey which found that cyberattacks tops concerns for UAE businesses in 2018.
65000 GDPR Data Breaches In Europe To Date
European privacy authorities have received almost 65,000 data breach notifications since the EU's new privacy law went into full effect. In addition, regulators in 11 European countries have imposed $63 million in General Data Protection Regulation fines.read more
More than half of British firms 'report cyberattacks in 2019'
The proportion of UK firms reporting a cyberattack has jumped, despite most businesses admitting they are under-prepared for breaches, according to research from Hiscox reported by the BBC. The insurer found 55 per cent had faced an attack in 2019, up from 40 per cent last year.read more
Sloppy IT Processes Risk Cyberattacks - McAfee
McAfee this week published a report that turns familiar survey findings on their heads by reporting that most cybersecurity breaches are the result of lax IT processes rather than mistakes made by end users.read more
Cybercrime Soaring Reports MalwareBytes
Cybercrime is accelerating at a worrying rate, reports MalwareBytes in its Q1 2019 report. Every quarter that goes by shows more alarming data as to how much cybercrime activity is going on out there, with organizations and companies being called to face and deal with an increasing amount of threats, coming literally from everywhere.read more