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IBM Security today announced X-Force Red Labs, a network of four secure facilities dedicated to testing the security of devices and systems including consumer and industrial IoT technologies, automotive equipment, and Automated Teller Machines (ATMs). IBM X-Force Red also has launched a dedicated ATM Testing practice in response to increased demand for securing financial transaction systems. 

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Study for First Time Calculates the Full Cost of "Mega Breaches," as High as $350 Million

IBM Security today announced the results of a global study examining the full financial impact of a data breach on a company's bottom line. Overall, the study found that hidden costs in data breaches – such as lost business, negative impact on reputation and employee time spent on recovery – are difficult and expensive to manage. For example, the study found that one-third of the cost of "mega breaches" (over 1 million lost records) were derived from lost business.

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Raz-Lee Security Inc announces the release of Anti-Ransomware, the first component of iSecurity ATP - a comprehensive advanced threat protection solution for defending IBM i IFS files against ransomware and other kinds of malware that may change and/or harm IBM i IFS files.

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Regulation and Consumer Sentiment Causing Industry to Rethink Relationship with Data; 80% Cutting Down on Amount of Personal Data They Keep

A new study from IBM (NYSE: IBM) reveals that nearly 60 percent of organizations surveyed are embracing the General Data Protection Regulation (GDPR) as an opportunity to improve privacy, security, data management or as catalyst for new business models, rather than simply a compliance issue or impediment.

To reduce their exposure, the study indicated that the majority of companies are being more selective in the data they collect and manage, with 70 percent disposing of data ahead of the deadline for compliance.

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A new survey shows that 78 percent of U.S. respondents say a company's ability to keep their data private is "extremely important" and only 20 percent "completely trust" organizations they interact with to maintain the privacy of their data.

The poll underscores the public's view of the obligation that organizations have to handle data responsibly and protect it from hackers.

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DigitalPersona part of collaborative development to stay ahead of evolving identity threats

Crossmatch, a globally-recognized leader in biometric identity management and secure authentication solutions, today announced the integration of their DigitalPersona composite authentication solution with IBM identity and access management technology. DigitalPersona allows organizations to confidently authenticate users to their applications (cloud, mobile, web and traditional) using a risk-based approach that minimizes user disruption while reducing risk to the enterprise from compromised credentials.

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Human error responsible for two-thirds of compromised records including historic 424% jump in misconfigured cloud infrastructure

IBM Security today announced results from the 2018 IBM X-Force Threat Intelligence Index which found the number of records breached dropped nearly 25 percent in 2017, as cybercriminals shifted their focus on launching ransomware and destructive attacks that lock or destruct data unless the victim pays a ransom.

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