Risk Management stories - Page 14

Cyber-insurance provider, Coalition, forecasts a 25% increase in cyber vulnerabilities in 2024, in its just released Cyber Threat Index, warning businesses to prepare for an escalating digital risk landscape.

Barracuda's 2023 threat research reveals an increase in high-severity cyber attacks targeting businesses, predominantly through business email compromise and malicious code, exacerbating concerns over network security.

Gartner's report projects six emerging trends, including GenAI and behavioural changes, expected to shape the cybersecurity landscape by 2024, aiming for stronger organisational resilience.

Proaxiom Australia launches a Microsoft technology-based cybersecurity solution for SMBs and MSPs, providing Essential Eight compliance, cyber insurance readiness, and continuous assistance from a Security Operations Centre.

Finastra has inked a new partnership with Taiwan's SYSTEX to boost digital transformation and growth in Taiwan's banking sector, with SYSTEX to resell Finastra's Kondor and Risk solutions.

Kiteworks introduces SafeEDIT, a next-gen digital rights management tech focusing on secure file sharing using video streaming.

Amid growing cybercrime threats, a report indicates that 83% of anti-fraud professionals plan to integrate generative AI into their tools by 2024, tripling its current use.

Rising instances of fraudulent software ads on search engines lead to heightened scrutiny and calls for user vigilance, warns cybersecurity firm Oxylabs.

Action1 Corporation unveils 'Patching That Just Works', an updated platform feature striving for a 99% success rate in patch deployment, responding to user feedback for a reliable, user-centric solution.

Visa's AI-powered fraud solution has blocked $714m in attempted scams in Australia, over double the previous year's figure.

Rapid7, renowned for risk and threat detection, introduces Managed Digital Risk Protection service to proactively neutralise cyber threats.

UK and US financial services and insurance firms are increasingly embracing AI, however, data silos and operational risk concerns are impeding widespread application, says an EXL study.

93% of channel partners see upcoming EU cybersecurity directive NIS2 as a revenue-growing opportunity, according to a survey by global tech provider Westcon-Comstor.

In response to the increasing sophistication of cyber threats, the Australian Signals Directorate has revised its Essential Eight Maturity Model (E8MM), incorporating exposure management to proactively identify and prioritise risks, aiding businesses in effectively defending against cyber attacks.

Qualys bolsters its CyberSecurity Asset Management with real-time identification of untrusted devices, providing complete internal attack surface coverage and reinforcing its status as an industry leader.

Orbus Software's flagship SaaS platform, OrbusInfinity, grew by a staggering 56% in 2023, bolstering profitability and debt refinancing one quarter ahead of schedule.

Cyber-physical system security firm, Claroty, appoints industry veteran, Derek Phillips, as Chief Revenue Officer amidst continued company growth surpassing $100 million in annual recurring revenue.

94% of senior UK finance professionals consider AI-driven market manipulation an impending threat, as bots harbour potential to covertly disrupt trading, cites a study by eflow Global.

SentinelOne boosts its AI-enabled WatchTower threat-hunting services with new features, helping businesses combat increasingly complex cyber attacks with machine speed effectiveness.

Dow Jones Risk and Compliance unveils Risk and Compliance Financial Instruments, a cutting-edge solution for optimising pre- and post-trade investment screening amid an increasingly complex regulatory environment.