Technology Reseller - v14 2018

technolog y reseller.co.uk NEWS : TRENDS 07 In Brief App risk The average cost of application breaches in UK businesses has risen to £5.89m per incident, according to the 2018 Application Protection Report from F5 Labs and Ponemon Institute. 60 seconds Every minute, businesses spend up to $171,233 to protect themselves from cyber threats. Yet, in the same 60 seconds, 1,861 people fall victim to cybercrime, losing $1,138,888. (source: RiskIQ, Evil Internet Minute , based on proprietary and third-party research) https://www.riskiq.com/ infographic/evil-internet- minute-2018/ IT too complicated More than seven out of 10 consumers feel technology has become too complicated over the past five years, causing them to neglect basic IT security. In a survey of 1,000 consumers by Lifeline IT, three quarters admitted to not regularly backing up their laptop or computer. Over half (54%) do not trust cloud storage and only four out of 10 feel confident their entire digital life is securely backed-up. www.lifelineit.net An incredible year Futuresource describes 2017 as an ‘incredible’ year for the Video Wall Display market, which saw a 47% increase in sales to $6.4 billion. LCD video walls grew by 45.8% and Narrow Pixel Pitch (NPP) LED grew by 50%. RPC-centric displays (Rear Projection Cubes) showed a minor decline of 8%. www.futuresource-consulting.com GDPR fail Analysis of personal data requests made to 103 companies operating in Europe shows that 70% failed to respond to requests within the one- month time limit stipulated by the General Data Protection Regulation (GDPR), claims Talend. Trend Micro report reveals growing threats Cybercriminals are moving away from ransomware to more covert methods of stealing money and valuable computing resources, including crypto-jacking – stealing computing power to mine digital currency. Trend Micro’s Midyear Security Roundup 2018 report shows that in the first half of 2018, cryptocurrency mining detections were 96% higher than in the whole of 2017, and 956% higher than in the first half of last year. Bharat Mistry, Principal Security Strategist at Trend Micro, said: “The recent change in the threat landscape mirrors what we’ve seen for years – cybercriminals will constantly shift their tools, tactics and procedures to improve infection rates. Standard spray and pray ransomware attacks and data breaches had become the norm, so attackers changed their tactics to be more covert, using entry vectors not previously seen or used extensively.” Another noticeable trend in the first half of the year was greater use of unusual malware types, such as fileless, macro and small file malware, with Trend Micro recording a 250% increase in detections of TinyPOS malware compared to 2H 2017. www.trendmicro.com Security teams left out of IoT decisions Organisations around the world are exposing themselves to unnecessary cyber risk by failing to give IT security teams a voice when planning Internet of Things (IoT) deployments in enterprise environments, warns cybersecurity company Trend Micro. Its survey of 1,150 IT and security decision-makers shows that while 79% of organisations involve the IT department in choosing industrial IoT solutions, only 38% involve their security teams. Bharat Mistry, Principal Security Strategist at Trend Micro, said: “Our study shows too many organisations across the globe don’t prioritise security as part of their IoT strategy, which leaves them vulnerable. Unless security is addressed as part of the deployment, these devices will remain exposed and vulnerable since, for the most part, they were not designed to be updated or patched.” www.trendmicro.com Cyber security could be enhanced with more automation Too few organisations are making the most of security automation to overcome cybersecurity challenges, despite the possibilities presented by artificial intelligence (AI) and machine learning (ML), warns Skybox Security. Its report, Understanding Security Processes and the Need to Automate , reveals low adoption levels in all regions, but especially EMEA and the US, where just 4% and 9% of organisations are using AI/ML to automate processes for managing firewall rules and security policy, compared to 27% in APAC. Skybox Director of Product Marketing Sean Keef said: “Security leaders have started on their automation journey. However, this survey shows us that many companies have a long way to go. There are many areas where it is absolutely essential to implement automation — and where automation reduces risk. For example, collecting/gathering data for attack surface visibility and modelling, network change management and rule life cycle management. Networks are becoming too large and complex to manage manually.” www.skyboxsecurity.com No succession plans for SME leaders in IT Over half (56%) of SME bosses in the IT sector have done nothing to ensure their business doesn’t suffer from the departure of a senior executive, even though 54% view the loss of key personnel as the biggest threat to their business, reveals Aldermore’s latest Future Attitudes report. Amongst those who have planned for their own departure, the most common exit plan is to sell the business to another company (30%), followed by floating the company via an IPO (28%) and liquidation (24%). Amongst those who haven’t made any plans, 40% said they would never leave their company and 25% said they were focusing solely on building up the business. www.aldermore.co.uk Sean Keef