Top CyberSecurity News For 9th June 2016

  1. Companies Are Stockpiling Bitcoin in Case They Get Infected with RansomwareFrom Softpedia.  According to the numbers crunched by Citrix and Censuswide, who polled 250 UK IT and security managers, one in three UK businesses is now creating a backup account for holding cryptocurrency such as Bitcoin in the event of a cyber-attack. Companies are willing to pay as much as £50,000 ($72,700) to unlock their computers and retrieve their IP (intellectual property) in case ransomware somehow makes it into their network. The exact percentages are 36 percent of the companies with 250-500 employees, 57 percent of the businesses with 501-1,000 employees, and 18 percent of the firms with over 2,000 employees.
  2. Enterprises Still Don’t Base Vuln Remediation On RiskFrom Dark Reading. “Despite the growing number of breaches, the state of application security is not improving significantly,” says Asma Zubair, director of product management for WhiteHat. “Applications continue to remain vulnerable. About one-third of insurance applications, about 40 percent of banking and financial services applications, about half of healthcare and retail applications, and more than half of manufacturing, food and beverage, and IT applications are always vulnerable.”

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