“Baseline security standards for broad range of devices”
U.S. Senate legislators are working to create minimum regulations to ensure internet connected devices such as cameras,routers, and computers. The standards will also enforce holes in current cybercrime laws and was developed in direct response to the series of massive 2016 attacks using IoT devices, like the October and November Mirai attacks that put down many high profile websites for the better part of the day.
“Attacks decline, but business concern is up”
Security analyst firm 451 Research has recently released the “2017 Thales Data Threat Report, Retail Edition,” which has indicated a growing consensus among retailers that their payment systems are vulnerable to hackers. The study is based on survey answers from over 1100 senior executives globally. 52% of the companies have experienced a breach in the past, 88% fear they are vulnerable, and 19% feel ‘very’ or ‘extremely’ vulnerable.
“Nearly one fifth had to shut down businesses”
Over one third of SME’s in Singapore were attacked by ransomware attacks in 2016, and anout 20% of these had to close their doors as a result. 61% of the Singapore SME’s also had to shut down for over nine hours, about one business day, shutting down operations.
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