Dive Brief: Worldwide IT spending is expected to surge to $5.1 trillion in 2024, growing 8% year over year, analyst firm Gartner projected in a Wednesday report. This marks the first time IT spending is expected to surpass $5 trillion. AI is already having an influence and is set to impact one area of IT […]
Dive Brief: Builders Mutual Insurance Co., a commercial construction underwriter based in Raleigh, North Carolina, was the target of a hack that affected the personal information of 64,761 customers, current employees and former workers, according to a filing with the Maine Attorney General’s office on Sept. 29. The insurer noticed suspicious activity on Dec. 14, […]
Dive Brief: The Cybersecurity and Infrastructure Security Agency is sharply focused on threat activity tied to the People’s Republic of China as that country has become the top nation-state cyber adversary to the U.S. China is actively targeting more critical infrastructure, CISA Director Jen Easterly said Wednesday at the Secureworks Threat Intelligence Summit. China-linked threat […]
Dive Brief: Cloud-related threats are the top cyber concern for organizations that have adopted the technology, according to a PwC report published Tuesday. The accounting and consulting firm surveyed 3,876 senior business and technology executives. Security concerns intensify for organizations with multiple clouds or hybrid infrastructures, the report found. More than half of respondents in […]
Dive Brief: The average annual cost of insider cybersecurity threats increased to $16.2 million during the past 12 months, a 40% increase over four years, according to research conducted by the Ponemon Institute. The biggest costs associated with insider risks came after the incident had occurred, with containment and remediation representing the most expensive areas at […]
Dive Brief: Top cybersecurity officials from the Biden administration pledged additional support to the open source software community and private sector security executives during the Secure Open Source Software Summit in Washington D.C. Tuesday. The Cybersecurity and Infrastructure Security Agency released a roadmap for open source software security, which is designed to establish the agency’s role […]
Dive Brief: Valid, compromised account credentials were the initial access vector for more than 1 in 3 cloud intrusions observed by IBM Security X-Force during the last year, making it the most common point of entry across all cloud security incidents. Credentials used as an initial access vector for cloud intrusions jumped from 9% in […]
Dive Brief: The transition to mobile and contactless services in the hospitality industry is making hotels more vulnerable to cyber threats, according to a report from Trustwave SpiderLabs. The industry has seen a surge in cyberattacks, with 59 incidents since 2022. Meanwhile, 31% of hospitality organizations have reported a data breach in their company’s history, […]