Stay ahead of IT Risks – Read Our Latest Industry Insights

Welcome to our industry news roundup, where we bring you the latest updates around risks within IT & Technology.

1. IoT Vulnerabilities Skyrocket, Becoming Key Entry Point for Attackers:

Internet of Things (IoT) devices containing vulnerabilities have surged by 136% compared to a year ago. Analysed data sourced directly from nearly 19 million devices found that the proportion of IoT devices with vulnerabilities rose from 14% in 2023 to 33% in 2024.

2. More than 800 Operations Postponed Since London Cyber Attack:

The ransomware attack on June 3, 2024, disrupted pathology services at King’s College Hospital NHS Foundation Trust, Guy’s and St Thomas’ NHS FT, and South London and Maudsley NHS FT, resulting in the postponement of over 800 operations.

3. ERP and AI Creating New Cybersecurity Challenges:

Cloud ERP, Business AI, and emerging technologies like generative AI (GenAI) have revolutionised business operations. This evolving threat landscape demands the implementation of more sophisticated security measures.

4. UK Insurance Industry Gets Tough on Ransomware:

The Association of British Insurers (ABI), the British Insurance Brokers’ Association (BIBA), and the International Underwriting Association (IUA) have joined with the National Cyber Security Centre (NCSC) to toughen approaches to ransomware payments, aiming to reduce the volumes of such payments made by UK organisations.

5. New Guidelines to Help Directors and Business Leaders Boost Cyber Resilience:

The UK government has introduced the draft ‘Code of Practice on Cyber Security Governance’ to help directors and business leaders prioritise cyber threats as a key business risk. These guidelines set out key actions for directors to strengthen their cyber resilience and fully leverage digital technologies to fuel innovation and drive competitiveness.

Stay informed with Unity for more industry updates and insights!

Stay informed with Unity for more industry updates and insights!