About 90% of firms experienced cyberattacks is consistent with recent research and reports. As per the survey by Splunk Inc., a staggering 90% of organizations experienced at least one disruptive cyberattack in the past year. This highlights the pervasiveness of cyber threats and the vulnerability of businesses across various industries.
The survey by Splunk Inc. revealed that 83% of organizations that experienced a ransomware attack opted to pay the attackers, with over half of them shelling out a minimum of $100,000. This indicates the significant financial impact of cyberattacks and the pressure companies face to regain access to their data and systems.
The most vulnerable sectors to cyberattacks include financial services (59%), retail (59%), and healthcare (52%). These industries handle sensitive data and are often targeted by cybercriminals seeking financial gain or disruption.
90% firms experienced cyberattacks.
About 90% of firms experienced cyberattacks is consistent with recent research and reports. As per the survey by Splunk Inc., a staggering 90% of organizations experienced at least one disruptive cyberattack in the past year. This highlights the pervasiveness of cyber threats and the vulnerability of businesses across various industries.
The survey by Splunk Inc. revealed that 83% of organizations that experienced a ransomware attack opted to pay the attackers, with over half of them shelling out a minimum of $100,000. This indicates the significant financial impact of cyberattacks and the pressure companies face to regain access to their data and systems.
The most vulnerable sectors to cyberattacks include financial services (59%), retail (59%), and healthcare (52%). These industries handle sensitive data and are often targeted by cybercriminals seeking financial gain or disruption.
90% firms experienced cyberattacks
Technology video | 170 views
#cyberattacks #internet #Karnataka
A new poll by MIT Technology Review Insights, uncovers the complex challenges Asia-Pacific companies face in securing networks and systems for remote workers in the post-pandemic era. In this new cybersecurity landscape, conducting a full inventory of internet-connected digital assets—from laptops to cloud applications—and rebooting cybersecurity policies for today’s modern remote work environment can mitigate risks. But organizations must also understand the cybersecurity trends and challenges that define their markets, many of which are unique to organizations operating in the Asia-Pacific region. The report states- There are more and more attacks expected like, 51% of respondents have experienced a cyberattack originating from a digital asset they didn’t know about or didn’t manage, and 16% expect such an attack eventually. Unique challenges such as varied cyber maturity across the region and being unprepared to pivot to remote work during the pandemic have heightened the urgency to establish cybersecurity strategies.
Secondly, securing cloud assets is a priority and it shows, 43% of respondents report that more than half of their digital assets are in the cloud. Well-funded and well-organized hackers and the fast-evolving nature of technology are forcing organizations to consider multiple ways to secure their cloud environments and monitor digital assets. With this organizations also can mitigate risks by adding cybersecurity to the C-suite agenda. As it stands, 68% of respondents say their organization’s board of directors will request an attack surface management plan for cybersecurity this year. The research outlines that 70% of companies report a secure cloud management strategy is key to avoiding cybersecurity attacks. As companies continue to accelerate their digital transformation strategies, more and more of their operations are being moved to cloud environments. Cloud-based assets comprise most cybers
Technology video | 169 views
The Indian healthcare sector is under the constant Cyberattacks, resulting in sensitive data leaks, significant financial losses, disruption of operations, and damage to hospital's goodwill. The healthcare industry in India has faced 1.9 million cyberattacks in 2022 till November 28. India was the biggest target for cyberattacks after the United States in 2021 and 2022, with nearly 500 attacks last year, an increase of nearly a fourth. It has also brought with it new challenges in cybersecurity.
We have witnessed the incidents of Sun Pharmaceuticals' attack, AIIMS cyber-attack happened twice, and Safdarjung Hospital's hacking attack, putting the spotlight on the need for stronger cybersecurity infrastructure in the healthcare industry. A report says, AIIMs Security and IT infrastructure is managed by the Doctors but not the experts into cyber security. Whereas, the IT professionals have to take up this job.
India health data facing rising risk of cyberattacks
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#HarnaazSandhu #MissUniverse2021 #AntonioNeri
Leverage cyber resilience into IT security
Security is moving higher on the agendas of boards of directors. At a time when most budgets are shrinking, worldwide security spending is expected to grow 8.1% annually and hit $174.7 billion by 2024, according to IDC. There's a good reason for this. Major data breaches and crippling ransomware attacks can rise to the level of natural disasters — often bringing business to a standstill and damaging the brand, customer loyalty, partner relationships and more. It’s startling, but the projected cost of cybercrime — an estimated $6 trillion in 2021 — represents “the greatest transfer of economic wealth in history,” according to Cybersecurity Ventures. It is time to leverage cyber resilience into your IT security, operations and culture. Whether you need help migrating to the cloud, protecting data with a Zero Trust strategy or managing your security operations center, it is time for the tech companies to handle security so you can focus on your business. Much of today’s security isn’t built to face modern challenges. It’s too slow, and reactive to threats rather than proactive. Threats grow more complex every day, and existing cybersecurity offerings struggle to keep up. There’s a steady stream of new malware created every single day.
There is a dramatic surge in ransomware attacks that has targeted critical national infrastructure. Protecting the organization and users against advanced targeted threats such as malware, phishing, and data exfiltration becomes exponentially more difficult. Check Point Research (CPR) warns of potential ransomware attacks, as it sees samples of Emotet fast-spreading via Trickbot. Emotet is a strong indicator of future ransomware attacks, as the malware provides ransomware gangs with a backdoor into compromised machines. CPR spotted more than 140,000 victims affected by Trickbot all around the globe since the botnet take
Technology video | 203 views
According to Palo Alto Networks report, 67% of essential services in India witnessed more than 50% disruptive cyberattacks in 2022-2023. This is a significant increase from the previous year, when only 45% of essential services experienced such attacks.
The result was found after with 200 Indian IT decision-makers, CTOs, CIOs, and Senior Directors were surveyed to understand the state of cybersecurity in India. The respondents belonged to sectors such as Banking & Finance, Essential Services, Telco/Tech/Communications, Retail/Hotel/F&B, Transport & Logistics, and Manufacturing.
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Disruptive Cyberattacks
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Attackers started using much more advanced modes of cyberattacks to compromise enterprises. Now most of the enterprises are facing challenges with the growing newer way of cyberattacks, where the industry is not ready yet. The quick shift towards remote and hybrid working resulted in a cyber pandemic, cybercriminals noticed great opportunities to exploit vulnerable enterprises and obtain illegal profits. Companies of all sizes suffer from ransomware, spyware, and other attacks that not only cause financial losses but also damage the brand image. The cybersecurity threat landscape has been evolving at a rapid pace. Every day we hear about companies across industries suffering cyberattacks such as ransomware, phishing, and data thefts. It is often observed that enterprises get compromised even after investing a significant amount of resources on security technologies, and more often than not, the attack is detected much after the event. Apart from the usual ransomware and phishing which appear to be the most prominent cyber threats, a lot of state-sponsored activities, snooping, and spyware continue to be big threats in the cyber world today. Secondly, the Ransomware attacks have also changed such that it not only encrypts the data but it also steals it. This combination of data theft and ransomware has fuelled the rise in cyberattacks. The way organizations were structured they were not prepared for Work From Home. They continue to face additional challenges where personal assets are being used for professional purposes and vice versa.
The pandemic and concepts like Work From Home have worsened the security challenges for all enterprises. Earlier, the antivirus solutions were capable of blocking malware and thus preventing the harm that they might cause to the system or network. Today, the attackers use much more advanced modes of cyberattacks to compromise enterprises. One fundamental shift that happened post-COVID, was enterprises are moving towards the c
Technology video | 169 views
Cybersecurity is a complex and ever-evolving field, and it is impossible for any organization to have all the expertise and resources necessary to protect itself from all threats. Cybercriminals adapt quickly, and their tactics become increasingly sophisticated. In addition, the threat landscape is constantly changing.
Cybercriminals are constantly developing new tactics and techniques, and they are always looking for new ways to exploit vulnerabilities. This means that organizations need to be constantly adapting their security measures in order to stay ahead of the curve.
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Companies not safe from cyberattacks
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A challenging worldwide geopolitical environment exacerbated by the COVID-19 pandemic—and, since February 2022, the Ukraine-Russia conflict—has gifted cyberattackers an uneven playing field, says GlobalData. It says that state-sponsored attacks are a significant risk, and such high threats are contributing towards increased spend on cybersecurity, with the global cybersecurity industry set to grow from $125.5 billion in 2020 to $198 billion in 2025. The last few years have shown that no one, not even specialist cybersecurity providers themselves, was safe from attack. Cyberattacks are frequent and increasingly complex, typically perpetrated by those furthering a geopolitical cause or attackers intent on making money. Companies manage an array of assets, including infrastructure, applications, endpoints, mobile devices, and cloud services, all of which are under threat. A report explains that those that are not after money are often motivated by revenge—typically a disgruntled employee or disaffected customer. Other threat actors include ‘hacktivists’ trying to gain attention for their cause, terrorists intent on damaging critical national infrastructure, or nation states using cyber warfare against other countries.
Maintaining the security of IT systems is a constant struggle for organizations of all types. New vulnerabilities can be uncovered at any time, and there is always the worry of an insider attack. Complex ransomware and supply chain threats will continue in the near future. The fallout from the widespread shift to remote working has not gone away. However, it is for sure, that threat is here to stay. The report also highlights that securing hybrid working, coping with ransomware and continuing supply chain threats, and moving to a new zero-trust security model, will drive strong growth in security spending over the next three years. There is a need for “Innovation, which is undoubtedly needed to counter the continuously evolving cyberthreat landsc
Technology video | 111 views
#Cyberattacks are growing at an alarming rate around the nation and are becoming increasingly complex and sophisticated. #Cybercriminals are pursuing multi-vector approaches to target enterprises, meaning that they are using a variety of different attack vectors to increase their chances of success. This includes attacks on networks, systems, applications, and people.
It is true that the intruders have found newer and smarter ways of spreading crippling and toxic malware to infiltrate organizations and steal sensitive and confidential data or demand ransom. To top it all, the recent innovations in malware tend to intensively impact enterprises from a resource and computational standpoint. Cryptojacking, for example, installs malware on a device or server to steal computing resources for cryptomining purposes, which in turn performs the same compute-intensive encryption repeatedly.
Cyberattacks is a major threat
Technology video | 142 views
A New Report Details Wiper Malware Aimed at Ukraine and Upsurge in Cyber Threats from Likely Russian-backed Actor in the Fourth Quarter of 2021. It successfully targets high-ranking political leaders and executives. The fourth quarter of 2021 saw the world shift out of a two-year pandemic during which bad actors leveraged work from anywhere opportunities and Log4Shell was an unwanted holiday guest. During the first quarter of 2022, the focus on threats shifted to campaigns weaponizing cyberthreats against Ukrainian infrastructure in the Eurasia region conflict. The key findings from the report include individual consumers being the No. 1 target of cybercriminals, closely followed by the healthcare vertical. Additionally, the transportation, shipping, manufacturing and information technology industries showed a sharp increase in threats. There are critical junctures in cybersecurity and observing increasingly hostile behaviour across an ever-expanding attack surface, says an Expert. Our world has fundamentally changed. The fourth quarter signalled the shift out of a two-year pandemic which cybercriminals used for profit and saw the Log4Shell vulnerability impact hundreds of millions of devices, only to continue cyber momentum in the new year where we’ve seen an escalation of international cyber activity.
Trellix Threat Labs has been investigating wiper malware and other cyberthreats targeting Ukraine. Wipers render devices within targeted organizations useless by destroying the memory critical to how the devices operate. Trellix analysis of the Whispergate and Hermetic Wiper Malware used before and during the invasion of Ukraine details the similarities and differences of the two strains used to de-stabilize Ukrainian IT systems by destroying the communications within the country. Trellix observed the continued use of Living off the Land (LotL) methods, where criminals use existing software and controls native to a device to execute an attack. Windows Comma
Technology video | 112 views
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