Tag: data
Companies must identify the value of their data
Most organizations have no clear idea of the value of the data they hold on themselves and their customers. According to technology research and consulting firm Gartner, 30 percent of chief data and analytics officers (CDAOs) say that their top challenge is the inability to measure data, analytics, and AI's impact on business outcomes. Gartner also reports that only 22 percent of organizations surveyed have defined, tracked, and communicated business impact metrics for the bulk of their data and analytics (D&A) use cases. “There is a massive value vibe around data, where many organizations talk about the value of data, desire to be data-driven, etc., but there are few who can substantiate it,” said Michael Gabbard, senior director analyst at Gartner.
SMEs in urgent need of cybersecurity overhaul
In an exclusive interview with Cyber Intelligence, Brian Buiwe, Technology Specialist at Sage, explains how SMEs and other smaller organizations urgently need to re-address their approach to cybersecurity. There is a huge knowledge gap among C-suite executives of small-to-medium-sized enterprises (SMEs), as well as among other professionals such as senior doctors and lawyers, where cybersecurity is concerned. Many do not yet grasp the urgent need for cybersecurity. The mainstream media has actually done a very poor job of keeping them informed of the growing threat facing all sectors.
Cybercriminals crack MFA defenses
Cybercriminals are now using social engineering techniques developed to crack passwords to break through multi-factor authentication (MFA) defenses, such as sending a code to another device, such as the user’s smartphone. According to the UK’s National Cyber Security Centre (NCSC) report, Not all types of MFA are created equal...: “Attackers have realized that many of the same social engineering techniques that tricked us into handing over passwords can also be updated to overcome some methods of MFA. We’ve seen the success of attacks against MFA-protected accounts increasing over the past couple of years.”
Levi’s breach exposes 72k customer details
Over 72,000 US consumers may have had their account details compromised following a cyber-attack on denim clothing giant Levi Strauss & Co. Almost two weeks ago, on June 13, Levi’s spotted an unusual spike in activity on its consumer-facing website and immediately realized its users were under threat. “Our investigation showed characteristics associated with a “credential stuffing” attack where bad actor(s) who have obtained compromised account credentials from another source (such as a third-party data breach) then use a bot attack to test these credentials against another website – in this case www.levis.com,” said Levi’s in a published notice detailing the data breach.
Ransomware attack erases months of government records
A massive ransomware attack cost the Sri Lankan government four months of data and spread to UK government offices, including the Cabinet Office.