surge
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Blog
Multichannel attacks are becoming a serious threat for enterprises – and AI is fueling the surge
Organizations are seeing a steep rise in multichannel attacks fueled in part by an uptick in AI cyber crime, new research from SoSafe has found. 94% of surveyed organizations reported an increase in multichannel attacks over the last year, referring to attacks in which threat actors utilize multiple platforms such as email and SMS. This is in part because there…
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Surge in attacks exploiting old ThinkPHP and ownCloud flaws
Increased hacker activity has been observed in attempts to compromise poorly maintained devices that are vulnerable to older security issues from 2022 and 2023. Threat monitoring platform GreyNoise is reporting spikes in actors leveraging CVE-2022-47945 and CVE-2023-49103 that affect ThinkPHP Framework and the open-source ownCloud solution for file sharing and syncing. Both vulnerabilities have critical severity and can be exploited to execute arbitrary…
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Insurance sector urged to sharpen up third-party risk management as attacks surge
Most breaches affecting the insurance industry come about through third-party attacks, with third-party software and IT behind half of them, according to new research. More than a quarter of companies reported breaches last year, SecurityScorecard found, higher than the S&P 500 average and twice as many as the US energy industry. Notably, third-party attack vectors were behind 59% of these…
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Protecting enterprise endpoints against the festive cyber surge
While many resellers and enterprise end-users will take a well-deserved break during the upcoming festive period, cyber criminals will remain as active as ever. Malicious actors will continue to operate around the clock and seek vulnerabilities to exploit. In fact, between September and December last year, BlackBerry threat Intelligence teams observed a 27% uptick in novel malware to 3.7 new…
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Small businesses could see electricity bills surge 70% as AI data center energy demands skyrocket
Smaller firms will feel the strain from data center development as surging energy demands ramp-up costs, new research shows. The research, co-authored by the Jack Kemp Foundation and Capital Policy Analytics, suggested that US consumers and small businesses could see a 70% uptick in their energy rates on the back of data center power consumption. Already struggling against inflationary pressures,…
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IT services spending set to surge in 2025 as CIOs shift to AI partner solutions
European organizations are expected to ramp up IT services spending in 2025 as CIOs focus their IT budgets on delivering tangible business benefits from generative AI. IT spending as a whole across Europe is expected to hit $1.28 trillion in 2025 — a ‘remarkable’ 8.7% increase, according to Gartner, and the highest growth rate in IT spending in a single…
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Cyber criminal underground “thriving” as weekly attacks surge by 75% in Q3 2024
New data has revealed the third quarter of 2024 saw a record spike in cyber attacks, with a significant escalation in terms of the volume and intensity of virtual threats. Threat intelligence published by Check Point recorded an average of 1,876 attacks per organization, marking a 75% increase compared to the same period in 2023, as well as a 15%…
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Mobile, IoT, and OT Cyber Threats Surge in 2024
A new report from cloud security company Zscaler sheds light on the growing mobile threats on Android operating systems, as well as IoT and OT devices threats. The findings come as more than 60% of the global Internet traffic is now generated by mobile devices and financially-oriented mobile threats have grown by 111% over the last year. A list of…
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Regulatory fines could be the tip of the iceberg for enterprises as data breach lawsuits expected to surge in 2025
The associated costs of data breaches are set to diversify according to Forrester, with the analyst firm predicting that fines won’t be the only financial consideration in the wake of a cybersecurity incident in 2025. Dubbed ‘Predictions 2025: Cybersecurity, Risk, And Privacy,’ Forrester’s report suggested breach-related class action costs will surpass the cost of regulatory fines by 50% in the…
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AI Surge Could Trigger Global Chip Shortage by 2026
Another global chip shortage could be looming, with a new report predicting skyrocketing demand for AI-related products and services that suppliers may struggle to meet. AI workloads could grow by between 25% and 35% annually up to 2027, according to consultancy Bain and Company. However, a demand increase of just 20% has a high likelihood of upsetting the equilibrium and…
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