Inflation hit many organizations and departments hard this year, but cybersecurity budgets were affected significantly less compared to budget and staff cuts made in other areas, according to a benchmarking report from IANS and Artico Search.
The 2023 Security Budget Benchmark Summary Report found that although year-over-year budget growth for cybersecurity was significantly lower than in 2020 and 2021, it still increased by 6 percent on average. Not everyone is experiencing this modest increase, though.
Europol estimates that wrongfully obtained container pick up codes have helped facilitate the trafficking of hundreds of tons of drugs and increases risks to legitimate cargo if organized criminals extract more legitimate containers using the same methodology.
The threat actor behind the RomCom remote access trojan (RAT) has been carefully following geopolitical events surrounding the war in Ukraine, targeting militaries, food supply chains, and IT companies.
There has been a dramatic increase in island hopping in 2022, with 58 percent of financial institutions saying they’ve been victimized by this type of attack.
Cybersecurity incidents are no longer a matter of if, but when. Building a good strategy and architecture to deter intrusions is incredibly important in reducing the frequency and severity of incidents, but there is no scenario where any organization is totally immune. That means that every organization must have a plan for what they will do in both their enterprise (IT) and operational technology (OT) environments in case an incident occurs.
