Tag: cyber risk
WEF predicts perfect storm for cybercrime
The World Economic Forum (WEF) Global Cybersecurity Outlook 2025 reports that several compounding factors are creating an increasingly complex and risky business environment. These include the growing complexity of supply chains, rising geopolitical tensions, cybercriminal's increasing use of artificial intelligence (AI), and the entry of traditional organized crime groups into cybercrime. Ransomware remains the top organizational cyber risk year on year, with 45 percent of respondents ranking it as a top concern in this year’s survey. Over half of the large organizations surveyed worldwide, 54 percent, identified supply chain challenges as the most challenging barrier to achieving cyber resilience, citing the increasing complexity of supply chains, coupled with a lack of visibility and oversight into the security levels of suppliers.
Sharp rise in blindside cyber-attacks
More than one in five cybersecurity professionals report having had a cyber hit requiring immediate attention despite having threat-based detection and response security measures in place. According to a survey conducted by cybersecurity firm Criticalstart, 2024 Cyber Risk Landscape Peer Report, 2023’s figure of 83 percent represents a 21 percent increase from 2023. Criticalstart also reports a sharp rise in the cost of data breaches. The average cost of a data breach reached an all-time high of $4.45 million in 2023 - a 15 percent increase over the past three years. Organizations with under 500 employees reported an average breach-impact increase from $2.92 million to $3.31 million—a rise of 13.4%.
Behind the Navy’s First Cyber Strategy – December 1st
To improve cybersecurity readiness, the U.S. Navy launched its first cybersecurity strategy. The 14-page Navy cyber strategy outlined cybersecurity as a core competency in modern warfare and highlighted the importance of protecting the information environment.
APAC Organizations Unable to Prevent 41% of Cyberattacks – November 3rd
In a study by Forrester in collaboration with exposure management company, Tenable found that companies in the Asia Pacific region could not prevent 41% of cyberattacks within the past two years. The APAC edition of the report "Old Habits Die Hard: How People, Process and Technology Challenges Are Hurting Cybersecurity" was based on a survey consisting of 219 cybersecurity leaders in APAC.