Cyberattack

OpenText Cybersecurity 2023 Global Ransomware Survey: Companies Still Don't Believe They are Targets for Ransomware Attacks

Retrieved on: 
Wednesday, November 15, 2023
Organization, Risk, OpenText, Blog, Artificial intelligence, Luigi, Cyberattack, TSX, Education, Medical device, Risk management, Cryptocurrency

WATERLOO, ON, Nov. 15, 2023 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today released results of its annual 2023 OpenText Cybersecurity Global Ransomware Survey. Findings show a similarity in how small-to-medium sized businesses (SMBs) and enterprises (more than 1,000 employees) think about ransomware attacks, including a disconnect about who is a target and growing concern about the use of artificial intelligence (AI) by threat actors. While the majority of organizations don't believe they will be attacked, they do understand the business risks as evidenced by increased security spending and plans to expand security teams.

Key Points: 
  • WATERLOO, ON, Nov. 15, 2023 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today released results of its annual 2023 OpenText Cybersecurity Global Ransomware Survey.
  • Cyberattacks have become increasingly common and can have serious consequences; no business is immune to an attack," said Prentiss Donohue, Executive Vice President, OpenText Cybersecurity.
  • While SMBs and enterprises don't think they are targets, both are still very concerned about ransomware attacks and the use of AI by threat actors.
  • Over half (54%) of SMBs and enterprises feel more at risk of suffering a ransomware attack from increased AI use by threat actors.

Industrial Wireline Networking Market to grow by USD 2.01 billion between 2023 - 2028, Growth Driven by increasing adoption of IIoT - Technavio

Retrieved on: 
Thursday, November 9, 2023
Cloud, Key (company), PROFINET, EtherNet/IP, Belden Incorporated, Industrial internet of things, Cyberattack, IP, Hitachi, Collection, Networking hardware, EtherCAT, Rockwell Automation, Huawei, ISO, Analog Devices, Cisco, ABB, USD, Nexans, Software, HMS Networks, BCE Inc., Growth, ISO 9001:2015, Ethernet, Mitsubishi Electric, Certification, Instrumentation, Video game, Industrial, Geography

The potential growth difference for the industrial wireline networking market between 2023 and 2028 is USD 2.01 billion.

Key Points: 
  • The potential growth difference for the industrial wireline networking market between 2023 and 2028 is USD 2.01 billion.
  • Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more.
  • Buy the full report here
    The increasing adoption of IIoT drives the market growth.
  • The software-defined networking (SDN) market size is estimated to grow at a CAGR of 29.04% between 2023 and 2028.

Cyemptive Technologies Launches New Website Featuring its Military-Grade Cybersecurity Solutions for Business and Government

Retrieved on: 
Tuesday, November 7, 2023
Internet, Security, Data Management, Technology, Software, Joint Chiefs of Staff, Government, Policy, Organization, Environment, Chief of staff, Risk management, Cyberattack

Cyemptive Technologies, an award-winning provider of pre-emptive cybersecurity solutions, today launched a new website featuring its military-grade cybersecurity solutions for business and government.

Key Points: 
  • Cyemptive Technologies, an award-winning provider of pre-emptive cybersecurity solutions, today launched a new website featuring its military-grade cybersecurity solutions for business and government.
  • Cyemptive’s solutions offer military-grade layers of pre-emptive protection that can be added to customers’ existing solutions to prevent damage.
  • Cyemptive’s pre-emptive protection features Cyemptive ZeroStrike, an industry-first technology that focuses on defeating damage, even from unknown zero-day attacks.
  • We need new approaches and technologies to get cybersecurity intrusions under control,” said Ray McCay, Chief Revenue Officer for Cyemptive.

Cybercriminals Successfully Encrypted Data in Ransomware Attacks on Nearly 75% of Healthcare Organizations That Sophos Surveyed

Retrieved on: 
Wednesday, November 1, 2023
Business Leaders for Sensible Priorities, Red Cross Hospital, Roger Hawkins (drummer), Cyberattack, Health care, Information, MDR, Organization, New Jersey Cybersecurity and Communications Integration Cell, Private sector, Hospital, FBI, Director of the Federal Bureau of Investigation, Patient, Cryptocurrency, Risk management, Ransomware, Sophos

OXFORD, United Kingdom, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Sophos, a global leader in innovating and delivering cybersecurity as a service, today shared its sector survey report, “The State of Ransomware in Healthcare 2023,” which revealed that, among those organizations surveyed, cybercriminals successfully encrypted data in nearly 75% of ransomware attacks. This is the highest rate of encryption in the past three years and a significant increase from the 61% of healthcare organizations that reported having their data encrypted last year.

Key Points: 
  • OXFORD, United Kingdom, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Sophos , a global leader in innovating and delivering cybersecurity as a service, today shared its sector survey report, “ The State of Ransomware in Healthcare 2023 ,” which revealed that, among those organizations surveyed, cybercriminals successfully encrypted data in nearly 75% of ransomware attacks.
  • This is the highest rate of encryption in the past three years and a significant increase from the 61% of healthcare organizations that reported having their data encrypted last year.
  • “To me, the percentage of organizations that successfully stop an attack before encryption is a strong indicator of security maturity.
  • “Part of the problem is that ransomware attacks continue to grow in sophistication, and the attackers are speeding up their attack timelines.

MarketAxess Announces Monthly Volume Statistics for October 2023

Retrieved on: 
Friday, November 3, 2023
Professional Services, Finance, Security (finance), ADV, Cyberattack, ESG, FINRA, Government, Trax, MarketAxess, Intellectual property, TRACE, COVID-19, Marketing, Composite, Privacy, Internet Open Trading Protocol, FPM, European, Calendar, Failure, Climate change, Eurobond

Emerging markets estimated market ADV is derived by combining MarketAxess TraX emerging markets trading volume (currently estimated to represent approximately 60% of the total emerging markets market beginning in September 2023, up from the earlier estimate of 55%) and FINRA TRACE-reportable emerging markets trading volume, principally U.S. dollar denominated corporates.

Key Points: 
  • Emerging markets estimated market ADV is derived by combining MarketAxess TraX emerging markets trading volume (currently estimated to represent approximately 60% of the total emerging markets market beginning in September 2023, up from the earlier estimate of 55%) and FINRA TRACE-reportable emerging markets trading volume, principally U.S. dollar denominated corporates.
  • Reported MarketAxess volume in all product categories includes only fully electronic trading volume.
  • MarketAxess trading volumes, TRACE reported volumes and MarketAxess Post-Trade processed volumes are available on the Company’s website at investor.marketaxess.com/volume .
  • More information about these and other factors affecting MarketAxess’ business and prospects is contained in MarketAxess’ periodic filings with the Securities and Exchange Commission and can be accessed at www.marketaxess.com .

Cyber insurance market size to grow by USD 42.81 billion between 2022 and 2027 | The growing dependence on digital technologies and the internet has increased the incidence of cyber-attacks is the market trend - Technavio

Retrieved on: 
Monday, November 6, 2023
Insurance, Policy, Cyberattack, Incidence, Axa, Aon (company), Organization, App Store (iOS/iPadOS), Geography, Sample, Growth, Internet, Risk, USD, Reward, Arms industry, Online shopping, Risk management, Pet industry, COVID-19

NEW YORK, Nov. 5, 2023 /PRNewswire/ -- The global cyber insurance market size is estimated to grow by USD 42.81 billion from 2022 to 2027, according to Technavio.

Key Points: 
  • NEW YORK, Nov. 5, 2023 /PRNewswire/ -- The global cyber insurance market size is estimated to grow by USD 42.81 billion from 2022 to 2027, according to Technavio.
  • The increased demand for cyber insurance is identified as the key trend in the market.
  • To protect themselves against financial losses that can result from cyber attacks, many businesses and individuals are purchasing cyber insurance policies.
  • With the growing frequency and severity of cyber-attacks, the demand for cyber insurance policies will increase during the forecast period.

Synchrophasor Market is to grow by USD 546.72 million from 2023 to 2028, Increasing need for reducing grid outages to drive the growth - Technavio

Retrieved on: 
Tuesday, October 31, 2023
Quanta, Hitachi, PDF, Ageing, Vandalism, Cyberattack, ABB, Fortive, Electricity, Population growth, Schneider Electric, Nature, Growth, Climate change, Power, Plant, Hardware, PMU, Siemens, USD, Component, YOY, Failure, Hydropower, Communication, Electric power, Renewable energy, Generic drug, Software, Application, Geography

NEW YORK, Oct. 31, 2023 /PRNewswire/ -- The synchrophasor market is expected to grow by USD 546.72 million from 2023 to 2028.

Key Points: 
  • NEW YORK, Oct. 31, 2023 /PRNewswire/ -- The synchrophasor market is expected to grow by USD 546.72 million from 2023 to 2028.
  • The increasing need for reducing grid outages is a key factor driving the market.
  • The aging infrastructure, population growth, and increasing demand for energy resources have increased the burden on those infrastructures which lead to blackouts.
  • The report analyses the market size and growth and provides accurate predictions on the growth of the market.

COMMUNITY FIRST BANCORPORATION ANNOUNCES THIRD QUARTER 2023 FINANCIAL RESULTS

Retrieved on: 
Friday, October 27, 2023
Community First Bank, Sale, The New Release, Cyberattack, Bank, Pressure, OTC, Disclosure, Public opinion, Federal, News, Environment, Growth, Risk, Community, Current Expected Credit Losses, Investment, SBA, Perception, Security (finance), Video game, Cryptocurrency, Life insurance, Commercial property, Risk management, Real estate, Insurance

WALHALLA, S.C., Oct. 27, 2023 /PRNewswire/ -- Community First Bancorporation, Inc. (OTC: CFOK, the "Company"), parent company of Community First Bank, Inc. (the "Bank"), announced its unaudited financial results for the third quarter of 2023.

Key Points: 
  • WALHALLA, S.C., Oct. 27, 2023 /PRNewswire/ -- Community First Bancorporation, Inc. (OTC: CFOK, the "Company"), parent company of Community First Bank, Inc. (the "Bank"), announced its unaudited financial results for the third quarter of 2023.
  • Highlights of the results include:
    The Company earned $928,000 for the third quarter and $3,195,000 for the first nine months of 2023.
  • Noninterest income increased 21.1% and noninterest expense decreased 5.5% in the third quarter of 2023 compared to the third quarter of 2022.
  • Average balances of loans were higher by 9.9% for the third quarter of 2023 compared to the third quarter of 2022.

Istanbul Water and Sewerage Administration Selects HPE GreenLake to Deliver Essential Services to 16 Million Customers

Retrieved on: 
Thursday, October 26, 2023
Hardware, Security, Data Management, Energy, Technology, Apps, Applications, Other Natural Resources, Artificial Intelligence, Natural Resources, Other Technology, Software, Networks, Internet, Utilities, Mobile, Wireless, Cloud, Water, SCADA, Water supply, Artificial Intelligence for IT Operations, HPE, Cyberattack, NYSE, Microsoft, TAFE Queensland, Artificial intelligence, Hewlett Packard Enterprise, CIO, Drinking water, Renewable energy

Hewlett Packard Enterprise (NYSE: HPE) today announced that the Istanbul Water and Sewerage Administration (İSKİ) replaced its existing server and storage systems with an infrastructure as a service offering through HPE GreenLake.

Key Points: 
  • Hewlett Packard Enterprise (NYSE: HPE) today announced that the Istanbul Water and Sewerage Administration (İSKİ) replaced its existing server and storage systems with an infrastructure as a service offering through HPE GreenLake.
  • “Issues with our IT infrastructure could cause profound consequences to millions of households and businesses around the city.
  • To prevent such problems, we made the decision to strengthen our IT backbone with HPE GreenLake hybrid cloud services,” said Tayfun İşbilen, CIO, İSKİ.
  • We were able to provide these to İSKİ through the HPE GreenLake for Private Cloud Business Edition,” said Gungor Kaymak, Managing Director, East-South Cluster, HPE.

WISeKey’s Subsidiary, SEALSQ to Launch a Dedicated Service Supporting OEMs Achieve Compliance with the "U.S. Cyber Trust Mark" Initiative

Retrieved on: 
Wednesday, October 25, 2023
Internet of things, WIHN, Ines, Cyberattack, LAES, Federal Communications Commission, WKEY, NIST, FCC, Government, DAC, PKI, Original equipment manufacturer, Samsung Electronics, Justice, Partnership, Privacy, Electronics, Dedicated, Amazon, United States Department of Justice National Security Division, National Institute of Standards and Technology, CSA, Design, Medical device, Risk management, Logitech

WISeKey’s Subsidiary, SEALSQ to Launch a Dedicated Service Supporting OEMs Achieve Compliance with the "U.S. Cyber Trust Mark" Initiative

Key Points: 
  • WISeKey’s Subsidiary, SEALSQ to Launch a Dedicated Service Supporting OEMs Achieve Compliance with the "U.S. Cyber Trust Mark" Initiative
    SEALSQ at the forefront of a new era in consumer cybersecurity: IoT devices embedding a SEALSQ VaultIC secure microcontroller would be more likely to achieve compliance with the U.S. government program guidelines.
  • SEALSQ service will bring tools and support to any IoT device manufacturer willing to achieve compliance to the “US Cyber Trust Mark” program by leveraging its expertise in Security by Design.
  • The "U.S. Cyber Trust Mark" initiative, which is expected to launch in 2024, is spearheaded by the FCC, and will seek public feedback.
  • Cyber Trust Mark”, a visible pledge of superior cybersecurity, directly influencing consumer preference in an increasingly security-conscious market.