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Illumio Research Reveals 62% of UK Companies Hit With Ransomware Have Been Forced to Halt Operations

Impact of ransomware causing significant damage to the revenue and reputation of UK businesses

Sunnyvale, Californi: Ransomware attacks are disrupting and undermining business operations and draining revenue streams, according to new research from the Ponemon Institute, commissioned by Illumio, Inc..

Findings from The Global Cost of Ransomware Study reveal that 62% of UK organisations had to shut down operations following a ransomware attack.  Forty-one per cent lost customers; 37% had to eliminate jobs; and 34% reported a significant loss of revenue.

The research examined the scope of ransomware threats confronting organisations and the measures being implemented to reduce the risks and their impacts. Key findings include:

: THE EDITORIAL TEAM; Case Studies; Posted On Wednesday, 29 January 2025 12:00

10 Data Privacy Myths That Could Cost You

Cybercriminals don’t care how big or small your business is—if you have data, you’re a target. Yet many companies still believe in outdated cybersecurity myths, exposing them to costly breaches.

From the misconception that "our data is too insignificant to be targeted" to assuming that "compliance equals security," these falsehoods create dangerous blind spots. IDS-INDATA is here to debunk the most common myths before they lead to disaster.

: Ryan Cooke, Chief Information Security Officer, IDS-INDATA; Talking Point; Posted On Wednesday, 29 January 2025 11:54

Passbolt Secures $8 Million Series A to Secure Password Collaboration, Modernise Access Management for Teams

Funding will be used to accelerate open source development and meet complex security and regulatory requirements

LUXEMBOURG: Passbolt, a new type of credential and access manager for organisations of all sizes, has announced it has raised $8 million in Series A financing for its all-in-one open source-based collaborative password and access software.

The company was founded in December 2016. Previous funding was pre-seed of $620,000 in December 2018 and $3.1 million seed funding that closed in January 2021.

: THE EDITORIAL TEAM; Vigilance; Posted On Friday, 24 January 2025 02:40

Scientist on HMS Protector uncovering the impact of plastic waste on Antarctica

Photo: The Royal Navy

A scientist aboard a Royal Navy icebreaker is uncovering the damage plastic waste is having on Antarctica.

As part of efforts to preserve one of the world’s most unique and fragile environments, critical work has been carried out by researchers from the University of Portsmouth aboard polar research vessel HMS Protector.