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Telecom operators revenues in international roaming, voice calls and short-messaging services have evaporated

To survive in the era of technology disruption, Singtel in recent years has shifted its growth strategy from investing in overseas telecom companies to expanding its digital businesses. Singtel reported on Thursday that its net profit for the quarter ended September nearly tripled to 2.88 billion Singapore dollars ($2.12 billion) from the same period a year earlier, its highest quarterly…

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Over 75% Of Canadian Small Businesses Polled Are Operating Without Cyber Insurance

TruShield Insurance recently polled Canadian entrepreneurs across the country to find out how they protect their businesses from the growing threat of cybercrime. Findings revealed that there are a number of cyber security myths floating around that are leaving small business owners unnecessarily vulnerable. Here’s what Patrick Cruikshank, TruShield’s cyber insurance expert, and Rory Macleod, leader of BlackBerry’s Cybersecurity Consulting Group, have…

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Cybercrime costing every business USD 11.7 mln a year

ACCENTURE AND PONEMON INSTITUTE REPORT: CYBER CRIME DRAINS $11.7 MILLION PER BUSINESS ANNUALLY, UP 62 PERCENT IN FIVE YEARS The average cost of cybercrime globally surged to USD 11.7 million per business last year, up 23 percent from USD 9.5 million in 2016 and a 62 percent increase over the last five years, according to a new report from Accenture and the…

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53% of the German companies have been victims of economic espionage or data theft and lose EUR 55 bln

Over half the companies in Germany (53%) have been victims of economic espionage, sabotage or data theft in the past two years, according to a study by digital industry association Bitkom. Annual losses from such activities have risen to EUR 55 billion from 51 billion two years ago. READ MORE: Is Monday the worst day of the week….for security? Bitkom said…

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Cybersecurity Market Worth 231.94 Billion USD By 2022

The cybersecurity market is expected to grow from USD 137.85 Billion in 2017 to USD 231.94 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 11.0%. The major forces driving the cybersecurity market are strict data protection directives and cyber terrorism. The cybersecurity market is growing rapidly because of the growing security needs of Internet of Things (IoT)…

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Italian SMEs spent just EUR 240 mln on cybersecurity in 2016

Italian small and medium-sized businesses invested just EUR 240 million in 2016 to protect their data against cyberattacks such as the recent global ‘Wannacry’ ransomware attack, reports Il Sole 24 Ore, citing data from the Security and Privacy Observatory at Milan Polytechnic university.  Italy’s information security services market was worth a total of EUR 972 million last year, up 5…

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Belgian govt plans cybersecurity call centre for businesses

The Federal Government has announced that a call-centre is to be set that will give individuals and companies advice on issues linked to cyber-crime. The call centre will be staffed 24 hours a day, 7 days a week. Belgian telecom minister Alexander de Croo has announced new measures aimed at improving cybersecurity in the country. Following a special cabinet meeting…

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Employees increasingly allowed to move data onto personal mobile devices

Corporate data governance programs are difficult to establish and enforce. For the most part, these programs lack the necessary people, processes and technology to effectively fend off security threats, data breaches, regulatory fines and lawsuits. The two weakest links in a company’s data governance program are uncontrolled user access to data (53 percent) and managing where data is stored (43…

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BlackBerry Partners With A Leading Insurance Provider To Boost Enterprises’ Cybersecurity

It’s a truth most of us would just as soon forget. Technology trends such as enterprise mobil ity and the Internet of Things attracts not only the productivity minded, but those with darker motives. I’m talking about hacking, malware, data breaches, and more. Already, the annual cost of data breaches sits at somewhere around $400 billion, and could climb as…

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UK SMEs showcase projects in competition final to help millions of businesses and citizens stay safe from online cime

BT, TechHub and the Cabinet Office have announced the winners of their Securing the Nation competition at an event at the iconic BT Tower. The competition, which is the latest in a series by the BT Infinity Lab, was launched earlier this year to find innovative small and medium enterprises (SMEs) who can create solutions to help consumers and businesses…

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