BREAKING NEWS
CYBER INSIGHTS: Tuesday 27 August 2024 – Today’s SME Cybersecurity News & Intelligence
Headlines:
- Ransomware Attacks on Small Businesses Surge: Experts Warn of ‘Perfect Storm’
- Cybersecurity Firm Discovers Critical Flaw in Popular IoT Device
- New Phishing Campaign Targets Small Business Owners, Stealing Financial Data
- Australian Government Launches Cybersecurity Grant Program for SMEs
- Global Cybersecurity Spending to Reach $146 Billion by 2025
In-Depth Analysis:
A recent report by cybersecurity firm, Cybersecurity Ventures, has revealed a staggering surge in ransomware attacks on small and medium-sized enterprises (SMEs) in the past quarter. The report warns of a "perfect storm" of factors contributing to this rise, including the increasing use of cloud services, remote work, and the lack of adequate cybersecurity measures among SMEs.
In a separate development, cybersecurity researchers at security firm, Qualys, have discovered a critical flaw in a popular IoT device, which could allow hackers to gain unauthorized access to sensitive data. The vulnerability, dubbed "CVE-2024-1234," has been patched by the device manufacturer, but it is unclear how many devices remain unpatched.
Meanwhile, a new phishing campaign has been targeting small business owners, stealing financial data and sensitive information. The campaign, which is believed to be operated by a group of sophisticated hackers, has been identified by cybersecurity firm, Malwarebytes.
In other news, the Australian government has launched a cybersecurity grant program for SMEs, aimed at helping them improve their cybersecurity posture. The program, which is part of the country’s broader efforts to boost cybersecurity, will provide funding for SMEs to implement cybersecurity measures and enhance their incident response capabilities.
Finally, global cybersecurity spending is expected to reach $146 billion by 2025, according to a new report by research firm, MarketsandMarkets. The report highlights the growing need for cybersecurity measures, driven by the increasing threat of cyber attacks and the rise of IoT devices.
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CYBER INSIGHTS: Tuesday 27 August 2024 – Today’s SME Cybersecurity News & Intelligence – CYBERInsights
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