Cyberattacks are on the rise—and they’re not only IT’s problem anymore. A recent ThoughtLab study involving 1,200 large organizations across 14 sectors and 16 countries revealed the number of material breaches respondents suffered increased by 20.5% from 2020 to 2021, and cyberattacks impact more than just computer systems, as highlighted by high-profile ransomware assaults on the Colonial […]
As more businesses shifted operations online during the pandemic, cyber exposures have grown significantly. In fact, according to data from ThoughtLab, cyber incidents increased in 2021 by 15.1%, with a 24.5% increase in material breaches. The woodworking industry is also facing increased exposure to cyberattacks. Verizon’s 2022 Data Breach Investigation Report (DBIR) found 2,337 data breach-related incidents reported […]
Over the last few years, city administrators have had to adapt to a lot of unprecedented firsts—like an overnight shift to online learning, mask mandates and citywide COVID-19 containment lockdown orders. But of all those changes, perhaps the biggest challenge cities have confronted is the rapidly changing expectations held by constituents.
The need for information technology systems security has never been greater. The average number of data breaches and cyberattacks increased by 20.5 percent from 2020 to 2021, according to the ThoughtLab report Cybersecurity Solutions for a Riskier World. In most companies, business continuity relies on system availability. A data breach can lead to your system being unavailable […]
Work from anywhere and the relentless shift to cloud computing services have accelerated cybersecurity risks in companies. According to a 2020 survey by BakerHostetler, the most common cyber attacks experienced by US companies are phishing (38%), network intrusion (32%), inadvertent disclosure (12%), stolen/lost device or records (8%), and system misconfiguration (5%). Despite security teams’ efforts, […]
The decade prior to the pandemic saw private banks take somewhat tentative steps toward adopting artificial intelligence (AI). This caution was born out of a natural skepticism at the very idea of “democratization of wealth management” and a belief that the client-advisor relationship was still the biggest factor that ensured client stickiness and business growth.
Cities that are future-ready have clear long-term visions, plans for transformation and an ability to meet changes in residents’ behaviors, a new study finds. “We defined a future-ready city as one that is smart, sustainable, inclusive, prosperous, and resilient, with the ability to meet the evolving needs of citizens and businesses,” according to “Building a […]
Not since 2002 and the passing of the massively consequential Sarbanes-Oxley Act, when the Security and Exchange Commission (SEC) required America’s boards of directors to appoint chief financial officers and form audit committees, has there been such a critical impending change to board skill-sets and reporting. The SEC has once again identified a serious gap […]
As cybersecurity incidents proliferate, critical infrastructure and global enterprises are increasingly targeted by financially-motivated cybercriminal gangs and even nation-state threat actors. Today’s organizations are facing multiplying threats and increasing risks from a constantly-evolving threat landscape. Last year, new cryptojacking and ransomware programs increased by 75% and 42%, respectively, all while OT vulnerabilities leaped 88%. Overall, companies experienced an average of 270 attacks in 2021, up […]
Tokyo has topped the list of the world’s future-ready cities, according to research launched during the Smart City Expo World Congress 2022 in Barcelona. Thinktank ThoughtLab released its findings – described as an “evidence-based roadmap” – as an eBook and a microsite during the event. Its definition of future-ready is “smart, sustainable, inclusive, prosperous and resilient, with […]