When many of us hear the word “blockchain” we automatically associate it with bitcoin. But today, blockchain technology is so much more than the platform behind the bitcoin cryptocurrency – as it is now becoming a serious asset in identity management.
Lately, the news has been rife with tragic stories – from the hurricanes in Florida to the fires in both northern and southern California. Even when there are not catastrophic natural disasters, cybercrime such as phishing, DDoS attacks and ransomware can ravage a network and compromise your data.
The fact is, today’s organizations both large and small, have lots of important data to store on their networks – and IDC predicts that even smaller organizations can be dealing in petabytes of data in the next few years, much like their larger enterprise counterparts. If a natural disaster or a cybercrime bars access to all that data or destroys on-premise servers, then mission-critical data can be lost forever.
It is no secret that cybercrime has hit a record high. Reports from The Center for Strategic and International Studies and McAfee are estimating that worldwide cyberattacks – including online fraud, financial crimes, post-breach mitigation, cyber insurance and more – are costing the world a whopping $600 billion — a $150 billion increase over 2014.
Taking into mind that any organization, large or small, can be hit with ransomware, DDoS attacks, and other cyberattacks, the Center for Audit Quality has announced a new tool to help board members, management, and CPA firms have a strategic discussion about cybersecurity risks, mitigation processes, and disclosures.
The 911 Call Centers have become a symbol of rescue and hope. But in recent months, that very symbol of safety is under attack in such cities such as Baltimore, Atlanta and Seattle. Ransomware and denial-of-service attacks are targeting these 911 centers, forcing some cities to “write down” emergency calls — pushing the system back 50 years or so.
In 2017, the world experienced some of the largest and most dangerous cyber attacks in recent history.
The numbers are staggering:
What is the Dark Web and Why Should Organizations Care: DiamondIT Announces New Services to Detect Compromised Credentials on Dark Web
The virtual world of the World Wide Web is a vast space that, like the real world, contains both good and bad. While Google, Facebook, Amazon and all other online services have brought so many enhancements and innovation to our lives, there is also a place called “the Dark Web.”
As we head towards the fourth quarter, budgets are top of mind, especially in the tech forward state of California. Technology innovation continues to evolve, and as you set growth goals for 2018, it’s imperative to adjust your IT budget accordingly.
IT budgets are expected to grow 4.5% this year, Morgan Stanley said in its report, “CIO Survey: 2017 IT Budgets Improve on US Strength.” The top spending priorities include cloud computing, security software, analytics tools, networking equipment and ERP and CRM applications.
How can you accurately forecast without overestimating? What percentage should go towards maintenance versus innovation? If you’re feeling overwhelmed as budget deadlines approach, you’re not alone.
Here are 10 IT budgeting tips to help simplify the process:
Equifax Security Breach Affects Over 143 Million People – Half of the US Population: How Can Your Credit Score Be Safe?
Over the past few years, many enterprise-level companies such as Target have been hard-hit by cyber criminals who have accessed customer credit card information. Now Equifax is now among the largest companies hit by a cybersecurity breach – but this time it is on a scale that is stunning IT and security experts. According to the Wall Street Journal, the breach was a result of a well-known security hole in Cisco firewalls which was identified as a fix and distributed back in March. According to the article, Equifax’s IT experts deployed the fix, but in July “found the same security flaw still existed in some areas.”
While this breach was announced in September 2017, Equifax believes consumer information may have been accessed in an unauthorized manner between May and July, according to Fortune.
Given that Equifax is a credit reporting agency, the company holds a myriad of private consumer information. Last week, Equifax reported that over 143 million people – about half the size of the U.S. according to the Los Angeles Times – could be affected.
Hurricane Harvey in Houston has amassed a disaster toll of unprecedented proportions. According to recent figures from ABC News, a total of 93,942 homes have been damaged or destroyed by the hurricane as 20-trillion gallons of rain poured down on several counties throughout Texas and Louisiana. In addition, Hurricane Irma is also threatening the Caribbean and parts of Florida – wreaking havoc not seen in decades.
In addition to the devastating toll on residents, such mass natural disasters threaten the economy. BusinessInsider reports that “AccuWeather forecasts that (Hurricane) Harvey would be the most expensive natural disaster in US history, at about $160 billion…. According to data…cited by Bloomberg… the hurricane could cause $75 billion in economic losses.”