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Cybercrime is the greatest threat to every company in the world.” During the next five years, cybercrime might become the greatest threat to every person, place and thing in the world. With evolving technology comes evolving hackers, and 60% of network users are behind in their cyber security. Municipalities, small Governments and MSP's are among the most vulnerable..... 
 
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The cybersecurity industry is rapidly growing every day. Although more resources are being deployed to counter cyber attacks, the nature of the industry still has a long way to go before we can, as a whole, catch up with these threats. It’s important for us to define what the current information security and cybersecurity industry looks like with these alarming 15 Cyber Security Facts and Stats.
 

1. 95% of breached records came from only three industries in 2016

Government, retail, and technology. The reason isn’t necessarily because those industries are less diligent in their protection of customer records. They’re just very popular targets because of the high level of personal identifying information contained in their records.

 

2. There is a hacker attack every 39 seconds

A Clark School study at the University of Maryland is one of the first to quantify the near-constant rate of hacker attacks of computers with Internet access— every 39 seconds on average, affecting one in three Americans every year —and the non-secure usernames and passwords we use that give attackers more chance of success.

 

3. 43% of cyber attacks target small business

64% of companies have experienced web-based attacks.  62% experienced phishing & social engineering attacks. 59% of companies experienced malicious code and botnets and 51% experienced denial of service attacks.

 

4. The average cost of a data breach in 2020 will exceed $150 million

As more business infrastructure gets connected, Juniper Research data suggests that cybercrime will cost businesses over $2 trillion total in 2019.

 

5. In 2018 hackers stole half a billion personal records

This was a 126% jump from 2017. Since 2013 there are approximately 3,809,448 records stolen from breaches every day.. 158,727 per hour, 2,645 per minute and 44 every second of every day reports Cybersecurity Ventures.

 

6. Over 75% of healthcare industry has been infected with malware over last year

The study examined 700 healthcare organizations including medical treatment facilities, health insurance agencies and healthcare manufacturing companies.

 

7. Large-scale DDoS attacks increase in size by 500%

According to the Q2 2018 Threat ReportNexusguard’s quarterly report, the average distributed denial-of-service (DDoS) attack grew to more than 26Gbps, increasing in size by 500%.

 

8. Approximately $6 trillion is expected to be spent globally on cybersecurity by 2021

Organizations need to make a fundamental change in their approach to cybersecurity and reprioritize budgets to align with this newly defined reality of our modern society.

 

9. By 2020 there will be roughly 200 billion connected devices

The risk is real with IoT and its growing. According to figures compiled within a recent Symantec Internet Security Threat Report, there are 25 connected devices per 100 inhabitants in the US.

 

10. Unfilled cybersecurity jobs worldwide will reach 3.5 million by 2021

More than 300,000 cybersecurity jobs in the U.S. are unfilled, and postings are up 74% over the past five years.

 

11. 95% of cybersecurity breaches are due to human error

Cyber-criminals and hackers will infiltrate your company through your weakest link, which is almost never in the IT department.

 

12. More than 77% of organizations do not have a Cyber Security Incident Response plan

What’s worse? An estimated 54% of companies say they have experienced one or more attacks in the last 12 months.

 

13. Most companies take nearly 6 months to detect a data breach, even major ones

Equifax, Capital One, and Facebook just to name a few. Information such as passwords, credit card details, and social security numbers may already be compromised by the time you’re notified.

 

14. 46% of all Bitcoin transactions involve illegal online activity

Cryptocurrency is becoming one of the largest unregulated markets in the world. A recent study shows that around $76 billion in cryptocurrency is used in criminal activity every year.

 

15. Total cost for cybercrime committed globally has added up to over $1 trillion dollars in  2018

Don’t think that all that money comes from hackers targeting corporations, banks or wealthy celebrities. Individual users like you and me are also targets. As long as you’re connected to the Internet, you can become a victim of cyber attacks.

 

What does it all mean?

Ginni Rometty, IBM’s chairman, president and CEO, said: “Cybercrime is the greatest threat to every company in the world.” And she was right. During the next five years, cybercrime might become the greatest threat to every person, place and thing in the world. With evolving technology comes evolving hackers, and we are behind in security.

 
Understanding the cyber terminology, threats and opportunities is critical for every person in every business across all industries. By providing advanced cyber training and education solutions in all departments of your business, from marketing and sales to IT and InfoSec, you are investing in your company’s protection against cyber threats.
 
 
Article reproduced courtesy of Cybint (Cyber Solutions) written by Devon Milkovich September 23rd 2019......

 

Every second Tuesday of every month Microsoft Releases a bunch of security updates!  

 
 
 
 What does Patch Tuesday mean? and what does it do for you?
Patch Tuesday is a name used to refer to the second Tuesday of each month, when Microsoft releases fixes for known bugs in the Windows operating system and its related applications. Patch Tuesday was introduced by Microsoft in 2003 as a way of simplifying patch management. Scheduling patch release allows system administrators to plan for the day and install several patches with a single reboot. While Patch Tuesday is reserved for standard bug patches, critical code fixes can be sent out at any time. Administrators sometimes refer to Patch Tuesday as Black Tuesday.
 
Although Patch Tuesday is designed to simplify patch management, sometimes the number of patches released on that one day can be overwhelming if any of them cause system problems. When a number of computers that are connected to the Internet all reboot within a certain period of time, this can also strain a network and lead to outages.
 
Critics of Patch Tuesday also contend that it provides opportunities for hackers, particularly when a security hole has been announced to the public. Because of Patch Tuesday, hackers will know how long they have to exploit the vulnerability before it is repaired.This phenomenon spawned the creation of a related term, Exploit Wednesday, to refer to the day when hackers get to work on unpatched vulnerabilities in Windows.
 
 Are the Updates absolutely necessary   
Although it's perfectly natural to get annoyed by Windows' seemingly endless ‘New updates are available' alerts, it's not a good idea to ignore them. You do so at your own risk.
   

The vast majority of updates (which arrive on your system courtesy of the Windows Update tool) deal with security. Microsoft routinely patches newly discovered holes, adds malware definitions to its Windows Defender and Security Essentials utilities, bolsters Office security, and so on. And don't forget the occasional Windows hotfix, which may address serious issues such as random system lockups. In other words, yes, it's absolutely necessary to update Windows.

   
One thing to remember about Windows Updates though!  
  • Windows 10 updates are cumulative. The monthly security release includes all security fixes for vulnerabilities that affect Windows 10, in addition to non-security updates. The updates are available via the Microsoft Update Catalog.
  • Starting in March 2017, a delta package will be available on the Microsoft Update Catalog for Windows 10 version 1607 and newer. This delta package contains just the delta changes between the previous month and the current release.
  • Updates for Windows RT 8.1 and Microsoft Office RT software are only available via Windows Update.
  • In addition to security changes for the vulnerabilities, updates include defense-in-depth updates to help improve security-related features.
   
 What can I do to make sure my updates are working?  
Start, type Windows Update, and press Enter. (In Windows XP, head to the Control Panel and seek out Windows Update.)
 
Step 2. Next, click the Change Settings option, and choose Install updates automatically. Click OK to finish the process. Now, the only time you'll hear from Windows Update is when it requires a reboot.
 
 
 
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