Economic Cyber Stupidity Index 2019
2019-12-09![Economic Cyber Stupidity Index 2019 Economic Cyber Stupidity Index 2019](https://varindia.com/storage/news/uploads/2018/02/5dedefb6395ff.jpg)
Economic cyber stupidity index which assesses the top 20 largest data breaches around the world since 2013, and it looks at some of the stupid things that a lot of the big corporations here on this list.
When we see scale of the data breaches but we're also looking at the sensitivity of the data, as well as the negligence of of the corporations involved. Every day we give away a lot of data ourselves for free, whether it's on social media on LinkedIn. Even on our business emails, even on this this course that we give to complete strangers. But these companies are not only just collecting this data, those are collecting a lot more sensitive data in terms of passport numbers bank details credit card information even after sub, pause, passwords. Expecting huge amounts of data bonus to target to do better targeted advertising or to personalize customer experiences, they're not taking security seriously enough. and you may think it's just that we're not taking seriously ourselves by calling it the stupidity index, and actually really, really look at some of the examples. It really is just negligence.
So for example, and this is, this is really good. I'm sure you've heard of the beach in year or last year. And this is really the result of negligence.
They announced over 300 securities tickets to expire. And they also enabled so they that their software over 8500 times the power to your paid software patches. And when the lawyers working on this case on the prosecution case described as leading a house unlocks your doors wide open, and you realize that they're not all the bag from the tape, because they allowed a lot of sensitive data to be compromised across the US parts of Europe. Now that they have because speaking now has been announced, stealing personal data, but the threat landscape is a lot more wider it's not more bearish than this that we see your customers.
Being on the tax, the accounting department so if you could expand its terms of financial hacking, where there were the criminals using social engineering techniques to try and get the boost departments to transfer money from the corporate accounts into the vaults of those accounts which are then known this operations also being targeted events and when, when they say this data picture attack have years ago which took them pharmaceutical company Burke and tactical company mask and resulted in over $300 million worth of costs that business in terms of both sales shutting down operations, and possibly building their IT systems.
Security is also becoming more about safety as well. You think about packing connected cars hacking medical devices insulin delivery pumps.
For example, as potentially, leaving us open to new personal attacks us at the early stages of of the persona, where images, video, and order are being compromised through deep fake videos, which initially being used for propaganda purposes.
First AI at heist using a deep fake simulation and, which was reported by the Washington journal, where an MD of a German subsidiary utility company was GS into transferring over $200,000 on their hotel account into a Hungarian and counting the money disappears. The reason why that person did it was because they received the telephone call from their boss, saying, transfer this money was suspicious. Cool. The second real life like that instead of anyway. We're all human. This goes to show. We want to attack by AI.
Well, the snowing really highlights the importance of evolution and the need for innovation in cybersecurity.
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