Digit | June 22, 2020
Although costs have increased, data shows a sharp rise in cybersecurity spending and measures to combat the issue.A recent study by insurer Hiscox has revealed a six-fold increase in cybersecurity losses among businesses targeted in the past year, increasing from a median $10,000 (£8,051) per firm to $57,000 (£45,892).The international study, using findings from 5,569 companies across eight countries, shows a $1.2 billion rise in cyber losses to almost $1.8 billion, with the most heavily-targeted sectors being financial services, manufacturing and technology, media and telecoms (TMT).However, there were also signs that firms are responding to threats with “more rigorous security measures and higher spending”, which increased by 39%. As well as this, although losses increased, the proportion of businesses targeted fell from 61% to 39%.
prnewswire | September 16, 2020
RedShield, specialists in web application shielding, has announced the appointment of industry thought-leader Kate Kuehn as a board director. Based in Chicago, Kuehn's appointment is part of RedShield's strategy to accelerate growth in the U.S; a push made possible by RedShield's USD$10M Series B funding last September. Her appointment follows that of fellow industry veteran James Carrigan Jr. to Chief Revenue Officer (CRO), who recently joined the company from Verizon. Kuehn joins RedShield from vArmour where she is currently Senior Vice President. Prior to this Kuehn was the U.S. CEO of Senseon where she focused on leading its business in the Americas. Over two decades, Kuehn has held roles including VP, CISO, and CEO at companies including BT Group plc, Verizon, and Wandera. As a leader of some of the industry's first projects in DDOS, Ethernet as a network (CPA), SaaS and IaaS - and an active thought leader in Security and Advanced Network Technologies for nearly 20 years - Kuehn brings significant gravitas to the New Zealand-born business.
SafeGuard Cyber | July 13, 2021
The only SaaS platform dedicated to managing the entire lifecycle of digital risk protection, SafeGuard Cyber, has released conclusions from a survey of 100 IT security leaders about their safeguarding digital communications and digital risk processes. The finding of the survey indicates that cybersecurity leaders recognize what is required for adequate digital risk protection. But, they are still dealing with boundaries and susceptibilities in defending these communications, such asthird-party cloud application engagement.
The survey was conducted in June 2021 in coordination with the research community Pulse. The main point covered in the survey was uncovering how cybersecurity leaders are managing digital risks on third-party applications. In addition, the survey was also focused on recognizing who owns the responsibility for securing them and what all can be done to progress their administration's security posture for various cloud applications. 100 senior enterprise IT and security professionals from companies with over 5,000 employees were included in the survey.
The main findings from the survey include:
• The biggest challenge for security leaders, who targets to uphold security and compliance across all professional communications, is lack of visibility (39%)
• Security leaders are most concerned about data loss (46%) regarding digital communication risks, followed by malware and ransomware attacks (37%).
• Only 10% of cybersecurity leaders have a tech stack that provides complete visibility for detecting and responding to threats in cloud applications outside of their network.
• Security leaders often restrict access as a means of managing risk where they lack granular visibility. For example, to ensure security and compliance on social media, collaboration, and mobile chat applications, most security leaders (77%) turn to tools that restrict access to third-party communication apps.
About SafeGuard Cyber
SafeGuard Cyber guards the human connections establishments need to flourish in a digital world. The cloud-native SafeGuard platform authorizes the secure and compliant acceptance of social, mobile, and cloud-based communication channels at the scale of worldwide corporate. With SafeGuard, customers gain business agility with better security and time to value. Current customers include small businesses, Global100 enterprises, municipalities, and various national governments.