When it comes to any kind of e-business, the lifeblood, the success, or failure rides on data. Big tech has changed the way we use data, and with e-commerce projected to grow, data ethics becomes a serious topic of conversation. In this article, we will be exploring ethical issues in e-commerce and how our organizations can change the way we handle people’s data.
Category: Cyber Attacks
Stay updated on cyber attacks worldwide. Explore expert insights, threat trends, and prevention strategies to protect your business from evolving cybersecurity risks.
-
Top 7 E-commerce Security Threats
E-commerce is a monolithic industry. According to market research, spending shot up to over $600 billion dollars in 2019, up nearly 15% from the year prior. But along with all that growth, there are also risks. It’s imperative that e-commerce security threats be taken seriously by all companies operating in this sphere. Whether you’re just starting up a new business or you’ve been a player in the e-commerce sector from the very beginning, you need to stay protected.
-
Basic Guide to Cybersecurity in E-commerce
There’s never been a better time to start or grow an e-commerce business. According to one study of e-commerce trends, an expected 279.5 percent increase in sales worldwide is expected to yield over $4.9 trillion dollars in e-commerce sales in 2021. But alongside that opportunity there exist numerous risks for startups and big companies alike. Threats from complicated hacks to social engineering make the need for security in e-commerce clearer than ever.
-
10 Of the Largest Data Breaches in 2019
According to a RiskBasedSecurity report, 2019 saw approximately 7.9 to 8.5 billion records compromised. To put that in perspective, the world population is currently 7.5 billion. Despite the numerous small breaches throughout 2019, the majority of these records were compromised by a few large breaches and subsequent chain reaction minor breaches.
-
5 Cyber Security Threats In The Cannabis Industry
The legal marijuana industry is expected to grow exponentially over the next few years. This is spurred not only by the legalization of recreational marijuana in many states in the US as well as in countries like Canada, but also the growing adoption of cannabis as a pharmaceutical product.
According to the State of the Legal Cannabis Markets report from BDS Analytics and Arcview Market Research, legal pot sales will hit $40.6 billion in 2024. This represents a 24.5 percent growth over the period 2018 to 2024.
The burgeoning cannabis retail industry is, therefore, a prime target for cybercriminals who look to steal valuable and sensitive information ranging from credit card information, trade secrets, and personally identifiable information (PII).
Aside from the consumer information they store and manage, online cannabis retailers are being targeted because many of them have yet to incorporate cybersecurity practices. Small to medium-sized online marijuana retailers are also highly vulnerable to cyberattacks because they normally don’t have the resources to hire an IT staff who can implement security measures to mitigate cybersecurity risks.
-
SamSam shows up again with a ransom note
Last week, the Colorado Department of Transportation was hit with the SamSam ransomware forcing it to shut down 2000 computers across its system. Believed to be a new variant of the previous SamSam ransomware, according to Talos Intelligence at Cisco, this ransomware has been observed across multiple industries including Government, Healthcare and ICS. These attacks do not appear to be highly targeted, and appear to be more opportunistic in nature. As we all know these ransomware can cripple critical systems such as those in the healthcare services impacting patients across the world.
-
International Bank Cyber Heist via SWIFT…again…
Indias City Union Bank, a small private lender, said on Feb 18, 2018 that cyber criminals had hacked its systems and transferred nearly $2 million through three unauthorized remittances to lenders overseas via the SWIFT financial platform. Chief Executive Officer N. Kamakodi called it a conspiracy involving multiple countries, and added the lender was still investigating how it had happened. The bank had discovered the three fraudulent remittances, which were sent via correspondent banks to accounts in Dubai, Turkey and China.
-
Cyber attacks at the 2018 PyeongChang Winter Olympics
A cyberattack paralyzed internet networks at the opening ceremony of the 2018 Pyeongchang Winter Olympics. Several U.S. cybersecurity firms have uncovered a computer virus named Olympic Destroyer that was likely used in an attack.
-
Meltdown & Spectre Follow Up – Specific PCI DSS Action Items
Following up on our recent alert regarding the Meltdown and Spectre security flaws, RSI now provides subsequent information and recommendations to our clients and all organizations needing to adhere to PCI compliance requirements.
-
RSI Analysis: Equifax breach a watershed moment, Cybersecurity now Material concern
As of October 4, ever more damning information continues to surge out of the Equifax investigation. The total number of affected American consumers has hit 146 million, with the former-CEO laying blame on a single employee for not implementing a security patch that would have plugged a vulnerability in Apache software (which itself was patched by the vendor 2 months prior).