Changes to working practices using new technologies may be causing issues with data privacy and new regulations, a new report from Ernst and Young has warned. The company says that open and connected business models are likely to result in increased exposure to cyber threats and ransomware.
“Increased global connectivity means that anyone with access to company data, anywhere in the world, can exploit weaknesses in data security. Companies’ critical digital and physical assets are therefore at greater risk of theft, damage and manipulation by insiders than ever before,” says Andrew Gordon, Global leader, Fraud Investigation & Dispute Services at Ernst and Young.
“A growing digital footprint alters the traditional risk landscape for individual companies and entire industry sectors. Out-of-date risk assessments and antiquated policies, procedures and controls can result in companies missing opportunities to help employees comply with company policy. Worse yet, such gaps can be exploited by rogue employees intent on fraud, data theft or other illegal acts. It is important that the effectiveness and efficiency of compliance are improved. Failing to do so exposes the company to regulatory and law enforcement scrutiny,” the survey noted.
Europol Releases Latest IOCTA Report
Each year, Europol’s European Cybercrime Centre (EC3) publishes the Internet Organised Crime Threat Assessment (IOCTA), its flagship strategic report on key findings and emerging threats and developments in cybercrime — threats that impact governments, businesses and citizens in the EU.read more
European Cybersecurity Month 2019 Is launched
October marks the kick-off of the European Cybersecurity Month (ECSM), coordinated by the European Union Agency for Cybersecurity (ENISA), the European Commission and supported by the Member States. This campaign will focus on expanding awareness about cybersecurity to citizens across Europe.read more
Remote Desktop Attacks Increasing
The Remote Desktop Protocol (RDP) is being used by cyberattackers to penetrate and extract data from a network before introducing their malicious software to perform internal reconnaissance, according to a new Vectra 2019 Spotlight Report on RDP.read more
LexisNexis Report On Cybercrime Has Shock Figures
LexisNexis Risk Solutions has released at the Digital Identity Summit its Cybercrime Report providing a comprehensive view into the shifting global fraud landscape from January 2019 through June 2019. During this period, the LexisNexis Digital Identity Network recorded 16.4 billion transactions, of which 277 million were human-initiated attacks, a 13 per cent increase over the second half of 2018.read more