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Security

Gartner: IoT Brings Need for Security

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Gartner: IoT Brings Need for Security

According to Gartner, 2016 global spending on Internet of Things (IoT) security is to reach $348 million-- a 23.7% increase over 2015 of $251.5m and a figure set to reach $547m by 2018.

Overall IoT security spending is set to be initially "moderate," but it should increase at a faster rate come 2020 thanks to a combination of improved skills, organisational change and more scalable service options improve execution.

"The market for IoT security products is currently small but it is growing as both consumers and businesses start using connected devices in ever greater numbers," the analyst remarks. "Gartner forecasts that 6.4 billion connected things will be in use worldwide in 2016, up 30% from 2015, and will reach 11.4bn by 2018. However, considerable variation exists among different industry sectors as a result of different levels of prioritisation and security awareness."

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Apple Ends Support for QuickTime for Windows

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Apple Ends Support for QuickTime for Windows

Both Apple and Trend Micro warn customers to uninstall QuickTime from Windows PCs--  Apple has stopped updating the video player, one Trend Micro says carries not one but two critical vulnerabilities.

Since there will be no more QuickTime for Windows updates the two vulnerabilities will never be patched out. Trend Micro says no attacks exploit the vulnerabilities as yet, but it is preferable to be safe and take preemptive action.

According to the security company, taking advantage of the vulnerabilities "requires a user to visit a malicious web page or open a malicious file to exploit them.” As such, one must also be aware of potential phishing attempts.

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Cisco Warns Against "Cryptoworms"

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Cisco Warns Against

Hackers are taking inspiration from the past in the creation of the ransomware of the future, Cisco Talos warns. And the result is "cryptoworms," ransomware with self-propagation features inspired by worms from the 90s and early 2000s.

"Ransomware as we know it today has a sort of ‘spray and pray’ mentality-- they hit as many individual targets as they can as quickly as possible. Typically, payloads are delivered via exploit kits or mass phishing campaigns," the security division says. "Recently a number of scattered ransomware campaigns deliberately targeting enterprise networks, have come to light. We believe that this is a harbinger of what’s to come-- a portent for the future of ransomware."

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EU Parliament Approves Data Protection Update

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EU Parliament Approves Data Protection Update

The EU Parliament Committee on Civil Liberties, Justice and Home Affairs gives the final seal of approval to the General Data Protection Regulation (GDPR), making it official EU law applying to all EU countries from 2018.

As a result, enterprises have little more than 2 years-- the deadline is 4 May 2018-- in order to be GDPR compliant. Companies based outside the EU also need to be compliant to the regulations if they want to do business within the Union.

An update of EU data protection laws was a long time coming. The result of 4 years of work, the GDPR replaces the pan-European regulation put in place back in 1995. It is influenced by both technological advances and the revelations brought about by Edward Snowden, and introduces new accountability obligations, stronger rights and restrictions on international data flows. Failure to adhere to regulations can bring about penalties worth either €20 million or 4% of overall annual turnover, whichever is the greater.

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ABI: Vulnerability Management Demand to Increase

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ABI: Vulnerability Management Demand to Increase

According to ABI Research the global threat and vulnerability management (VM) market is set to increase from 2015 revenues of $5.8 billion to $8.6bn in 2020 due to "nefarious" attacks driving growth.

Key threat and VM market drivers are the cloud and big data. The analyst points out vulnerability assessment (VA) as a key component of a VM program, and as such the VA market is forecast to reach revenues of $1.4bn in 2016 before growing to $2.1bn by 2020.

“There is increasing market demand for vulnerability management solutions, like the IBM QRadar Security Intelligence Platform, Barracuda Vulnerability Manager, AlienVault Unified Security Management solution and Rapid7 Nexpose 6.0,” ABI says. “The ideal VM solution is one that integrates well with 3rd-party technologies and includes capabilities for asset management, configuration management, patch management, VA, remediation, reporting and monitoring.”

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