Growing fears of cybercrime are prompting financial services firms to ramp up their spending on security, according to research from Lloyds Bank Commercial Banking. Of more than 100 senior execs quizzed, 87% have become more concerned about cyber-risks over the last year, with nearly a quarter becoming significantly more worried.
Eighty five of respondents reported their firms had spent more on tackling cyber risks in the past year, with 14% reporting a significant rise.
Asked about what they wanted to achieve from their technology investment in the coming year, 14% cite improved cyber-security as their top priority.
Firms were asked about risks to their UK operations for 2018. Respondents say cyber security is one of the most significant risks, alongside increased market competition and geopolitical uncertainty, but behind macro factors such as the effects of Brexit and economic uncertainty.
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