Global public cloud end-user spending to grow 23% in 2021: Gartner
Worldwide end-user spending on public cloud services is forecast to grow 23.1% in 2021 to total USD 332.3 billion, up from USD 270 billion in 2020, according to the latest forecast from Gartner. “The events of last year allowed CIOs to overcome any reluctance of moving mission critical workloads from on-premises to the cloud,” said Sid Nag, research vice president at Gartner. “Even absent... By CIO&Leader
Enterprises prioritize customer data protection but continue to leave it exposed: Study
Enterprises see protecting customer personal information as the top reason to encrypt data, and yet report actually encrypting customer data at a far lower rate, according to Entrust’s 2021 Global Encryption Trends study. The study highlights the cybersecurity challenges organizations face today, and how and why organizations deploy encryption. Identified threats and priorities For the second... By CIO&Leader
BazarLoader malware targets "Slack" and "BaseCamp" collaboration tools to hook enterprise employees: Study
There are two malicious spam campaigns that began in January, 2021, according to Sophos’ new research, titled BazarLoader Deploys A Pair of Novel Spam Vectors. The first targeted remote working employees at larger businesses, using accounts on the Slack and BaseCamp websites to temporarily host the malware and deliver it directly to targets. A second campaign warns recipients they are about to be... By CIO&Leader
Bot traffic climbs to record high in 2020: Study
In 2020, there was highest percentage of bad bot traffic (25.6%), while traffic from humans fell by 5.7%, according to Imperva Research Labs’ 2021 Bad Bot Report. More than 40% of all web traffic requests originated from a bot last year, suggesting the growing scale and widespread impact of bots in daily life. Advanced Persistent Bots remained the majority of bad bot traffic last year,... By CIO&Leader
6 trends shaping the future of cloud in APeJ financial services
The COVID-19 pandemic has significantly accelerated the demand for digital transformation at the same time, technology investments are under more scrutiny to deliver more for less. This has urged organizations to pivot to cloud services to secure scalable, resilient, available, and agile IT operations to be most effective. IDC Financial Insights Asia/Pacific’s latest report Cloud Outlook... By CIO&Leader
Open source security, license compliance, and maintenance issues pervasive in every industry: Study
Open source software provides the foundation for the vast majority of applications across all industries, according to Synopsys’ 2021 Open Source Security & Risk Analysis (OSSRA) report. The study also shows that those industries, to varying degrees, are struggling to manage open source risk. The report, produced by the Synopsys Cybersecurity Research Center (CyRC), examines the... By CIO&Leader
Targeted email attacks on the rise: Study
Malicious users seem to have understood that adapting some of the tricks used by advance persistent threat (APT) groups works well in achieving a wide variety of their goals, such as using ransomware for targeted hits on organizations. According to Kaspersky researchers, another targeted threat to watch out for is corporate doxing, the process of gathering confidential information about an... By CIO&Leader
Almost every organization globally faced a mobile malware attack in 2020: Study
The move to mass remote working during the COVID-19 pandemic saw the mobile attack surface expand dramatically, resulting in 97% of organizations facing mobile threats from several attack vectors, according to Check Point Software Technologies’ 2021 Mobile Security Report. With 60% of workers forecast to be mobile by 2024, mobile security needs to be a priority for all organizations. The report... By CIO&Leader
New devices introduce new holes in the security framework
The demand for Digital Innovation (DI), driven by shifting markets, evolving consumer expectations, and digital competition, has done far more than just transform networks. It has completely changed the organization, including how lines of business are structured, how teams and individuals collaborate, where and how employees work, how success is measured, and how leaders execute against business... By Rajesh Maurya
COVID-19-themed threats and Powershell malware continue to surge: Study
In Q4, McAfee Labs observed an average of 648 threats per minute, an increase of 60 threats per minute (10%) over Q3. The two quarters also saw COVID-19-related cyber-attack detections increase by 240% in Q3 and 114% in Q4, while Powershell threats again surged 208% due to continued increases in Donoff malware activity. “The world—and enterprises—adjusted amidst pandemic restrictions and... By CIO&Leader
APeJ ICT spending to grow by about 5% in 2021: IDC
The pandemic has been a driving factor in accelerating the rate of digital adoption and stirring up the consumer offerings – both of which has helped ICT Spending to show a positive outlook in 2021. According to IDC’s Worldwide ICT Spending Guide Industry and Company Size, APeJ ICT spending will grow by over 4.9%, and reach USD 924 billion in 2021 and is also expected to reach USD 1 trillion... By CIO&Leader