Approximately 47% of US businesses suffered significant revenue losses due to cyber security incidents, said data protection provider Arcserve. Notably, 80% of businesses surveyed had faced ransomware attacks, with an average of 30% of their data irrecoverable. The report highlights an urgent need for a strategic rethink on data protection for many companies.

Counterfeit phones with malware targeting cryptocurrency users discovered
Kaspersky has revealed that counterfeit Android smartphones preloaded with cryptocurrency and personal information-stealing malware are being sold online. The devices are infected with a variant