CYBER INSIGHTS: Tuesday 28 May 2024 – Today’s SME Cybersecurity News & Intelligence

Gibraltar: Tuesday 28 May 2024 at 07:00 CET

CYBER INSIGHTS: The Latest SME Cybersecurity News & Intelligence …
Written & Curated By Iain Fraser – Cybersecurity Journalist,
IainFRASER.net/CYBERInsights
SME Cyber Insights
Google Indexed on 280524 at 11:20 CET

#SMECyberInsights #SMECybersecurityNews #Ransomware #Trojan #Malware #VPN

Welcome to Today’s Edition of CYBERInsights – My Daily Roundup of the Latest European SME Cybersecurity News including: 1). Mandatory Ransomware Reporting 2). Banking Trojan 3). The VPN Explained

1). COMPLIANCE: The UK is poised to invoke Mandatory Ransomware Reporting – The UK is
poised to be ready to propose a major overhaul of how Business & Commerce respond to & report Ransomware incidents bringing it in line with the EU & US. The UK believes that Mandatory Reporting will not only illustrate the UKs vulnerability, it will also ensure that UK Business & Government are singing from the same hymn sheet with regard to Actionable Protocols to deploy in the event of an attack.

How will the proposed mandatory Ransomware reporting procedures affect your SME? Download our KPI – Understanding Ransomware. Learn how to Protect your SME from Ransomware Attack
with definitive Protocols covering Compliance & Insurability

2). THREAT INTEL: BANKING TROJAN – Grandoreiro resurfaces despite a Law Enforcement
Takedown less than six months ago according to the IBM X-FORCE Team. X-Force Researchers identified the Grandoreiro Banking Trojan back in March this year (2024) announcing its unwelcome return as a malware-as-a-service tool only now its armed with better encryption and domain name generation. The new variant has already targeted in excess of 1,500 Banks worldwide but is now operating against European Assets.

3). VPN – Understanding The Virtual Private Network (VPN) A Virtual Private Network (VPN) is an essential technology for Small and Medium-sized Enterprises (SMEs) as it enables secure and private communication over a public network. By encrypting data and hiding the user’s IP address, VPNs establish a secure connection between the employees’ devices and the company’s network, ensuring the privacy and security of sensitive information. E.g. A small accounting firm with employees working remotely can use a VPN to securely access client financial data without compromising confidentiality.

ABOUT IAIN FRASER – I am a Gibraltar based, Accredited Journalist, (*NUJ, IFJ & ONA) Authority Writer, Industry Influencer & Commentator on all aspects of Cybersecurity [Awareness, Threat Management, Best Practice Compliance & Mitigation] and report throughout Europe.

I also cover the sectors where I have either operational experience or subject matter expert knowledge including: Geopolitics esp. Geocrime, Defence Technology, AI, Autonomous Transport & National Security and contribute to a broad range of European facing news channels, blogs and digital magazines as either Guest Feature Writer, Columnist or Consultant Editor. Email: [email protected] | LinkedIn Bio: IainFraserJournalist

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