Digital Lifescapes

Cybercrime is a growing threat to corporations and their customers, who are increasingly using online web services and mobile apps. Several regulatory mandates, including GDPR (General Data Protection Regulation) to PSD2 (Payment Services Directive 2), all require high standards of cybersecurity. From a compliance perspective, secure IT systems and data storage is now a 'must-have' requirement. In the event of a data breach, there are significant fines for non-compliance with the appropriate data protection guidelines. Due to ongoing regulation enforcement, some companies are already facing fines for not disclosing data breaches. Furthermore, the lingering damage to their commercial reputation may be difficult to quantify. Cybersecurity Market Development According to the latest worldwide market study by Juniper Research, over 33 billion records will be stolen by cybercriminals in 2023 alone -- that's an increase of 175 percent over the 12 billion records expected t...

Law enforcement officials often make the claim that "crime doesn't pay" and that criminals will always be punished, eventually. However, that's typically not the case for cyber criminals. Earlier this year Trustwave released the findings from a worldwide market study which revealed the top cybercrime, data breach and security threat trends from 2014. The resulting report disclosed how much criminals can profit from malware attacks, which data they target, how they get inside, how long it takes for businesses to detect and contain data breaches, what types of businesses criminals are targeting and where the majority of victims are located. Trustwave gathered data from the 574 breach investigations that the company's security experts conducted in 2014 across 15 countries, in addition to threat intelligence gleaned from their five global Security Operations Centers, security scanning and penetration testing results, telemetry from security technologies distribute...

As more business communication infrastructure moves online, it eventually becomes the target of someone that will attempt to negatively impact that enterprise. Computer crime is a growing threat to corporations and individuals who are increasingly dependent upon the Global Networked Economy. Mobile devices with internet access amplifies that commercial dependency, and the greater potential for harm. The growth of at-risk online commercial database access via the public internet will increase the cost of data breaches to $2.1 trillion globally by 2019 -- that's almost four times the estimated cost of these IT security breaches in 2015, according to the latest market study by Juniper Research. That being said, their latest findings indicate that the majority of these new security breaches will likely come from criminal access to existing IT data centers and associated network infrastructure. While new threats targeting mobile devices and the Internet of Things (IoT) are being...