Top 5 Cyber Security Concerns 2021 [Infographic]

Cyber criminals have a few brand-new doors through which to enter, as well as some familiar means of attacking businesses. While companies navigate constantly evolving work environments, it’s more important than ever to prioritize cyber security. Here’s what you need to know about securing your business in 2021.

Managed security services will give you the tools you need to take on the cyber security concerns of 2021.

Source: https://www.exemplifygroup.com/

Organizations Can Share Cyber-Threat Data

Organizations can share cyber-threat information with each another without having a fear  of prosecution for violation of anti-trust laws as stated by two U.S. government agencies have announced. U.S. Department of Justice and the Federal Trade Commission said in a joint policy statement that such information is shared for the right reasons and also the agencies added, it is unlikely to raise anti-trust concerns.

Image Source : Internet

Assistant attorney general Bill Baer who is in charge of the Department of Justice’s anti-trust division, said in a press release that “Cyber threats are increasing in number and sophistication, and sharing information about these threats, such as incident reports, indicators and threat signatures, is something companies can do to protect their information systems and help secure our nation’s infrastructure. With proper safeguards in place, cyber-threat information sharing can occur without posing competitive concerns.”

The policy statement lays out what types of information sharing between private entities is permissible. It also explains the difference between acceptable sharing of cyber-threat information and divulging of competitively sensitive data such as current or future prices and output or business plans. Agencies described cyber-threat information as technical in nature and limited in scope so that the dissemination of the information is unlikely to raise competitive concerns.

FTC chairwoman Edith Ramirez said that “Because of the FTC’s long experience promoting data security, we understand the serious threat posed by cyber-attacks. This statement should help private businesses by making it clear that antitrust laws do not stand in the way of legitimate sharing of cyber-security threat information.

Record-breaking DDoS Attack Hits Europe

A massive distributed-denial-of-service (DDoS) attack hit Europe and it is reported that reached more than 400 Gbps at its peak this week. It surpassed its previous record which was on last year’s Spamhaus attack.

The first person reported the attack was a victim of DDoS from company CloudFlare which is a content delivery network and security provider.

Cloudflare CEO Matthew Prince tweeted “Very big NTP reflection attack hitting us right now. Appears to be bigger than the #Spamhaus attack from last year. Someone’s got a big, new cannon. Start of ugly things to come.”

He did not revealed the name of the victim but he said the attack was directed at servers in Europe. He added that “These NTP reflection attacks are getting really nasty.”

Current week’s DDoS attack exceeded the attack which was held on last March with a 300Gbps surge of traffic hitting spam fighter Spamhaus, CloudFlare, and Internet switching stations in Amsterdam, Frankfurt and London. It was observed that it slowed down some service across the Internet.