Your monthly update of ICT continuity news and information

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FEATURE ARTICLES

What are digital twins and how can they be used in risk and resilience?
Digital twins are increasingly being used to model systems of interconnected things. Here Matthew Margetts defines what a digital twin is, and suggests where the technology is headed.
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• World

A big step towards cyber resilience is to put an end to passwords
Passwords are outdated, vulnerable, and an unacceptable basis for cyber resilience in today’s organizations says Patrick McBride. In this article he explains why this is the case and looks at the way forward.
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• World

Applying the Swiss cheese model to cyber resilience
The Swiss cheese model is a risk management technique that is transferrable to cyber resilience management. Thomas Muller-Martin explains what it is and describes the benefits of such an approach.
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• World

The importance of developing defensible deletion practices
Ever-increasing data volumes can hamper organizations, creating enterprise risks. So how do you create defensible deletion practices to improve data risk management? Ray Pathak explains…
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• UK / World

Cyber risk management: an overview
This article by Alberto G. Alexander, Ph.D, focuses on the major components of an effective cyber risk management process. Different options for establishing a cyber risk framework are presented and best practices for cyber risk management are suggested.
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• World

NEWS ARTICLES

Quarterly HP Wolf Security Threat Insights Report highlights growing use of shortcut files to deliver malware
The cascading effects of extreme weather – such as heatwaves which combine heat and drought – and the interconnectedness of critical services and sectors has the potential to destabilize entire socioeconomic systems, according to a new study published in PLOS Climate by Laura Niggli at University of Zurich, Switzerland, and colleagues.
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• Europe / World

Q2 2022 Quarterly Threat Report shows continued high growth in cyber threats
Nuspire has published its Q2 2022 Quarterly Threat Report. The report outlines new cybercriminal activity and tactics, techniques, and procedures (TTPs) and is sourced from over a trillion traffic logs gained from Nuspire client sites and associated with thousands of devices around the globe.
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• World

Malicious API traffic doubled over the past 12 months
Salt Security has released the Salt Labs State of API Security Report, Q3 2022. In its latest edition, the bi-annual report found that 94 percent of survey respondents experienced security problems in production APIs in the past year, with 20 percent stating their organizations suffered a data breach as a result of security gaps in APIs.
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• World

Ransomware attacks: many organizations under-estimate the cost of recovery
Ransomware attacks show no sign of slowing and organizations often under-estimate the cost of recovery, according to a new research report, '2022 Impacts: Ransomware attacks and preparedness', published by Menlo Security.
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• US / UK

Cyber attacks have become ‘firmly entrenched as a state-level weapon’
Check Point Research (CPR) has published its ‘Cyber Attack Trends: 2022 Mid-Year Report’ highlighting how cyber attacks have become firmly entrenched as a state-level weapon, including the new ransomware method of ‘Country Extortion’ and state-affiliated hacktivism.
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• World

Public cloud costs versus resiliency: stateless applications
A new report from the Uptime Institute quantifies the costs, levels of resiliency, and outage compensation of different stateless cloud application architectures.
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• World

ENISA says that reported ransomware attacks are only the tip of the iceberg
A new threat landscape report on ransomware attacks published by the European Union Agency for Cybersecurity (ENISA) analysed a total of 623 ransomware incidents across the EU, the United Kingdom, and the United States for a reporting period from May 2021 to June 2022.
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• Europe / UK / US

IBM Data Breach Report highlights ‘costlier and higher-impact data breaches than ever before’
IBM Security has released its annual Cost of a Data Breach Report, revealing costlier and higher-impact data breaches than ever before, with the global average cost of a data breach reaching an all-time high of $4.35 million for studied organizations.
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• World

Survey reveals the important role of ‘malicious insiders’ in successful ransomware attacks
Gigamon has published the State of Ransomware 2022 and Beyond report, aimed at providing valuable insights on how the ransomware threatscape is evolving. According to the global survey of IT and security leaders across the US, EMEA, and APAC, nearly one-third of organizations have suffered a ransomware attack enabled by a malicious insider - a threat seen as commonly as the accidental insider (35 percent).
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• World

SonicWall Threat Report highlights significant changes in the threat landscape
SonicWall has released a mid-year update to its 2022 SonicWall Cyber Threat Report. This shows an 11 percent increase in global malware, a 77 percent spike in IoT malware, a 132 percent rise in encrypted threats and a geographically-driven shift in ransomware volume as geopolitical strife impacts cybercriminal activity.
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• World

Maritime sector and satellite infrastructure will be particular targets for cyber attacks in the second half of 2022
In its H2 2022 Global Threat Briefing, CyberCube warns that the maritime sector and satellite infrastructure are likely to be top targets for cyber criminals and, in particular, ransomware threat actors, as well as state-sponsored threats, during the remainder of 2022 and beyond.
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• World

Organizations struggling to secure diverse cloud environments
Appgate has released independent research from the Ponemon Institute finding that 60 percent of IT and security leaders are not confident in their organization’s ability to ensure secure cloud access, even as adoption continues to grow across a diverse range of cloud environments.
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• World

The 2022 State of Operational Technology report
SCADAfence has announced the publication of ‘The 2022 State of Operational Technology’, which presents the results from a global survey of OT cyber security professionals. It offers insight into the threat landscape in the critical infrastructure and manufacturing sectors.
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• World

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