Versasec study forecasts IT security spending to increase significantly in 2017

Versasec has published a new study that reveals that IT executives in small- and medium-sized companies as well as larger enterprises believe that mobile, bring-your-own-devices, and cloud usage pose the biggest security challenges as they head into 2017. In the report, nearly 70% of respondents said their companies will spend at least 10% of their IT budgets on security in 2017. In fact, 15% of respondents said their budgets for IT security will account for more than 50% of their

IBM recruits 40 enterprises to beta test Watson cognitive system

IBM has recruited 40 enterprises from auto, banking and insurance sectors to beta test its Watson cognitive computing system as an enterprise protection tool, according to a report by CIO. The enterprises include Sun Life Financial, University of Rochester Medical Center, SCANA Corporation, Sumitomo Mitsui Financial Group, California Polytechnic State University, University of New Brunswick, Avnet and Smarttech, which will all help research and develop new security applications that will use the system’s natural language and machine learning methods. The

Bipartisan cybersecurity panel issues report recommending stronger authentication

The Commission on Enhancing National Cybersecurity, a bipartisan panel that addresses cybersecurity challenges facing government and industry, issued a new report intended for the next administration that recommends, among other things, that all Internet-based federal government services provided directly to citizens use “appropriately strong authentication.” The 100-page ‘Report On Securing and Growing the Digital Economy’ document includes 16 recommendations and 53 related directives for both the public and private sector. The report identified several key authentication requirements, including that all

TypingDNA enables easy identity verification for web apps with typing biometrics

TypingDNA has developed technology that expands the limited biometric authentication options not requiring specialized sensors or advanced hardware. Its approach works with existing keyboards, and can be used to protect any app by matching a short typing sample. TypingDNA’s cybersecurity SaaS uses artificial intelligence to match two or more typing patterns, which consist of “press and flight times” keyboard input. Typing patterns are virtually impossible to steal, and are also simpler to use for web applications than other biometrics, CMO

Visa says E.U.’s strategy to password protect electronic payments may backfire

Visa said that the European Union’s planned strategy for combating fraud by implementing mandatory use of passwords or pin codes to authenticate all electronic transactions over 10 euros ($10.60) could potentially disrupt online shopping and may not boost security, according to a report by Fortune. The European Banking Authority, the EU’s banking regulator, proposed in August draft technical standards to combat the growing occurrence of cybercrime and online fraud. “These new proposals threaten to seriously disrupt the way we all

New UK national cybersecurity strategy includes FIDO authentication

The UK government has unveiled its £1.9 billion ($2.3 billion USD), five year UK National Cyber Security Strategy, in which it details its plan to invest in FIDO authentication to move beyond passwords. The comprehensive UK National Cyber Security Strategy is designed to defend cyberspace, deter adversaries, and develop capabilities. As part of its “defend” strategy, the government is seeking to better secure its internet-dependent systems and infrastructure by “ensuring that future online products and services coming into use are

Unisys wins CBP border security contract

Unisys Corporation has been awarded a contract by U.S. Customs and Border Protection (CBP), part of the Department of Homeland Security, to update the agency’s technology for identifying people and vehicles entering and exiting the U.S. The Integrated Traveler Initiatives (ITI) contract, awarded as a task order under the Department of Homeland Security’s EAGLE II contract, includes a base plus four additional optional years. The new ITI contract represents the next version of CBP’s Land Border Integration (LBI) project, awarded

NIST finds security fatigue endemic among computer users

A new study by the National Institute of Standards and Technology (NIST) found that a majority of typical computer users experience “security fatigue” that often leads to risky computing behavior at work and in their personal lives. Security fatigue is defined in the study as a weariness or reluctance to deal with computer security. “The finding that the general public is suffering from security fatigue is important because it has implications in the workplace and in people’s everyday life,” said

White House, NCSA launch campaign for adoption of strong authentication

The White House, the National Cyber Security Alliance (NCSA) and more than 35 companies and NGOs have launched a new internet safety and security campaign, “Lock Down Your Login,” to empower Americans to better protect their online accounts. Launched as part of the President’s Cybersecurity National Action Plan (CNAP), the campaign is designed to encourage people to move beyond usernames and passwords and widely adopt strong authentication for key online accounts. The Lock Down Your Login initiative is timed with

IoT Asia 2017

IoT Asia 2017 29-30 March 2017 Singapore EXPO, Singapore #iotasia As the first dedicated platform in Asia to address the enormous potential of the IoT revolution, the first edition of IoT Asia in 2014 was ahead of its competition. It was seen as a transformational platform for addressing challenges and identifying real opportunities within the IoT landscape. Fast forward to 2017, IoT Asia continues to provide insights for 4,500 attendees across the entire IoT value chain, addressing the interests of