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Editoral Focus
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Masterclass
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Wake up to the risk of server-side encryption
From spear phishing to ransomware and the ever-present threat of bots, companies of all sizes have reason to lose sleep at night. Elizabeth Sheldon, Chairman, Evidence Talks, considers what that means for organisations everywhere |
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Features
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The under-the-radar menace
Visual hacking is a low-tech method used to capture sensitive, confidential and private information for unauthorised use. It's effective - and is on the march |
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Time to face up
Reacting after an attack is way too late. The damage is done. So, what strategy will keep your organisation safe and not prove an illusion? |
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Product Reviews
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Computer Disposals Ltd
With the GDPR (General Data Protection Regulation) now in full force since 25 May, businesses must show compliance or face potentially crippling fines for data breaches
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Cardwave SafeToGo
The long-awaited EU GDPR (General Data Protection Regulation) finally took effect in May this year, so businesses that process personally identifiable information of EU citizens must demonstrate compliance or face punitive fines for security breaches |
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ForeScout CounterACT 8
Network infrastructures are now in a constant state of flux, forcing enterprises to re-evaluate their security postures
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Algosec Security Management
As enterprise networks move deeper into the cloud, businesses can no longer rely on inefficient and error-prone manual processes to manage their security policies
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Case Study
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A Hefty Data Centre Security Challenge
VIRTUS Data Centres is the UK’s fastest growing data centre provider that owns, designs, builds and operates the country’s most efficient and flexible data centres |
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Welcome to the June 2018 issue of the Computing Security Newsletter
The success of digital transformation projects is being stalled by the fear of the impact and rising costs of breaches associated with ‘data on the go’.
Safeguarding data in the cloud is continuing to present new challenges for businesses, with the most expensive cybersecurity incidents over the last 12 months related to cloud environments and data protection, according to new research from Kaspersky Lab. In an effort to enable digital transformation without compromising on security, businesses are now prioritising IT security spending. In 2018, enterprise companies are allocating up to 26% of their IT budgets to cybersecurity, redefining the strategic role of corporate data protection.
The 2018 state of corporate IT security economics mirrors the shifting impact of cybersecurity on the business bottom-line. With the consequences of data breaches becoming more expensive and destructive, during the last 12 months businesses faced a disturbing reality: for SMBs, the average cost of a breach reached £89k in 2018, which is 37% higher than in 2017 (£65k). For enterprises, it increased by a third (24%), with the average financial impact of a breach now reaching up to £915 million.
These increasing costs are a concern for businesses amidst today’s digital transformation wave where cloud infrastructure is continuing to grow in prominence, with 45% enterprises and 33% SMBs having either already raised or are planning to grow their use of hybrid cloud in the next 12 months. Worryingly, this rise of ‘data on the go’ is presenting new security issues, with the most expensive incidents related to cloud environments and data protection.
As David Emm, principal security researcher, Kaspersky Lab, advises: “More and more companies are embracing cloud and business mobility – not only will this increase efficiency, it will support dynamic business changes. Over the years, cybersecurity has become more than a line in IT bills, but an issue with great weight in companies of any size. In any company that wants to be modern, it has to be able to cope with growing regulatory pressures and demands when it comes to budget.”
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Brian Wall, Editor
Computing Security
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