Newswala.com - The Best Source for online news
The Hyderabad-Deccan English Daily
Anmol Ratan - May Solve BP and Sugar Problems

"Over 69% cyber attacks focused on large enterprises"


Bangalore, Apr 24 (IBNS): Computer security, backup and availability solutions software corporation Symantec Corp. in its recently published Internet Security Threat Report (ISTR) stated that a significant shift in cybercriminal behavior reveals that the attackers are unrelenting in their focus on large enterprises with over 69 percent or more than 2/3rds of the targeted attacks in India carried out on them.

Symantec in its report noted that the bad guys are plotting for months before pulling off huge heists - instead of executing quick hits with smaller rewards.

"One mega breach can be worth 50 smaller attacks," said Tarun Kaura, Director, Technology Sales at Symantec India.

Kaura said, "While the level of sophistication continues to grow among attackers, what was surprising last year was their willingness to be a lot more patient - waiting to strike until the reward is bigger and better."

Symantec reported that globally, there was a 62 percent increase in the number of data breaches from the previous year, resulting in more than 552 million identities exposed - proving cybercrime remains a real and damaging threat to consumers and businesses alike.

The size and scope of breaches are exploding, putting the trust and reputation of businesses at risk, and increasingly compromising consumers' personal information - from credit card numbers and medical records to passwords and bank account details.

Each of the eight top data breaches in 2013 resulted in the loss of tens of millions of data records. By comparison, 2012 only had a single data breach reach that threshold, the company said.

"Nothing breeds success like success - especially if you're a cybercriminal," added Kaura.

He said, "The potential for huge paydays means large-scale attacks are here to stay. Companies of all sizes need to re-examine, re-think and possibly re-architect their security posture."

Symantec said that globally targeted attacks were up 91 percent and lasted an average of three times longer compared to 2012.

In India, cyber criminals are unrelenting in their focus on large enterprises with a staggering 69 percent targeted attacks carried out against them. Despite stepping up their information security measures, businesses in India continue to be an attractive target for cybercriminals.

Furthermore, within organizations, support functions with access to critical data emerged as the strongest target for attackers globally.

Personal assistants and those working in public relations were the two most targeted professions - cybercriminals use them as a stepping stone toward higher-profile targets like celebrities or business executives, the company asserted.

The ISTR further reported that small and medium-sized businesses often have less adequate security practices and resources.

Attackers are increasingly targeting smaller businesses that have a relationship with a larger company. Not surprisingly, in India, small businesses received the highest number of phishing and virus-bearing emails - almost three times as much as the larger targets.

ISTR noted that in India, nearly four in 10 attacks were carried out on non-traditional services industries like hospitality, business and personal services. This was followed by attacks on manufacturing, finance and insurance.

On the other hand, globally, the top data targeted during a breach had moved from just financial information to basic information like names, addresses, email addresses and government ID proofs etc.

Interestingly, while non-traditional, service- centric organizations handle such information in large numbers, they may often lack adequate security practices and infrastructure making them easy targets for such attacks.

Symantec noted that while the increasing flow of data from smart devices, apps and other online services is tantalizing to cybercriminals, there are steps businesses and consumers can take to better protect themselves - whether it be from a mega data breach, targeted attack or common spam.

Symantec also recommended the following best practices:

For Businesses:

Protection must focus on the information - not the device or data center. Understand where the sensitive data resides and where it is flowing to help identify the best policies and procedures to protect it.

Provide guidance on information protection, including company policies and procedures for protecting sensitive data on personal and corporate devices.

Strengthen security infrastructure with data loss prevention, network security, endpoint security, encryption, strong authentication and defensive measures, including reputation-based technologies.

For Consumers:

Using password management software to create strong, unique passwords for each site visited and keeping devices - including smartphones - updated with the latest security software.

Reviewing bank and credit card statements for irregularities, being cautious when handling unsolicited or unexpected emails and being wary of online offers that seem too good to be true - they usually are.

Familiarize oneself with policies from retailers and online services that may request banking or personal information.

As a best practice, visiting the company's official website directly (as opposed to clicking on an emailed link) if sharing sensitive information.





2014-04-24




Comments


No comments yet! Be the first one to leave a comment.


Add Comment

Name:
Comment:
Enter the number in the image on the right Enter the Numbers in the image
Latest Videos:
No work without bribe at Osmania General Hospital alleges patients and attendents Shia Leader Hamid Hussain Jafari complains of poor arrangements for Moharam 2014
No work without bribe at Osmania General Hospital alleges patients and attendents Shia Leader Hamid Hussain Jafari complains of poor arrangements for Moharam 2014
Jamat E Islami Hind quarterly seminar at Tadban, Old city of Hyderabad Rs. 5 lakhs robbed from Western Union money transfer agent at Noorkhan Bazar, Hyderabad
Jamat E Islami Hind quarterly seminar at Tadban, Old city of Hyderabad Rs. 5 lakhs robbed from Western Union money transfer agent at Noorkhan Bazar, Hyderabad

Related Articles:

Right ArrowJP Morgan Chase and at least four other US banks victims of soph ..
Right ArrowTelangana moots cyber labs in all districts ..
Right ArrowMTV Webbed 2 extended, Actress Kritika Kamra delighted ..
Right ArrowSingapore to boost cyber security efforts ..
Right ArrowDine with your kids to protect them from cyber-bullying ..
Right ArrowCyber crimes major threat to businesses in India: KPMG report ..
Right ArrowEducate kids to protect them from revenge porn, cyber attacks - ..
Marico Kaya Enterprises Limited lists on the NSE & BSE

Marico Kaya Enterprises Limited lists on the NSE & BSE

Mumbai/Kolkata, July 1 (IBNS): Marico Kaya Enterprises Limited (MaKE) on Tuesday announced their listing on the NSE & BSE.

MaKE Ltd. is a hol
Cyber Crime Police Hyderabad arrested a person, for making threatening calls and sending abusing messages to a married lady

Cyber Crime Police Hyderabad arrested a person, for making threatening calls and sending abusing messages to a married lady

Hyderabad, 3rd July 2014: The Cyber Crime Police, CCS, DD, Hyderabad have arrested an accused person, involved in threatening calls and sending abusin
Hyderabad Cyber Crime Police arrests a person for sending abusive and vulgar messages to a woman

Hyderabad Cyber Crime Police arrests a person for sending abusive and vulgar messages to a woman

Hyderabad, 26 July 2014: The Cyber Crime Police, CCS, DD, Hyderabad have arrested an accused person, involved in sending abusive and vulgar messages a
One arrested for sending derogatory mails to break up the marriage of a lady

One arrested for sending derogatory mails to break up the marriage of a lady

Hyderabad, March 29/2014 : The Cyber Crime Police, CCS, DD, Hyderabad have arrested one accused person Potlapally Shashi Kanth (34) a Photographer of
Rejected lover posting pictures, threatening and cheating - Arrested by Cyber Crime Police Hyderabad

Rejected lover posting pictures, threatening and cheating - Arrested by Cyber Crime Police Hyderabad

Hyderabad 4 June 2014: The Cyber Crime Police, CCS, DD, Hyderabad have arrested an accused person, involved in posting objectionable pictures, sending
New Delhi: People demonstrate against Israeli attacks on Gaza

New Delhi: People demonstrate against Israeli attacks on Gaza

New Delhi,July 20, 2014: People demonstrate against Israeli attacks on Gaza in New Delhi on July 20, 2014. Ashraf al-Qedra, spokesman of Gaza health
Chinese Premier Li Keqiang in a symposium with heads of some newly-registered enterprises in Jinan, capital of east China

Chinese Premier Li Keqiang in a symposium with heads of some newly-registered enterprises in Jinan, capital of east China

BEIJING, July 27, 2014: Chinese Premier Li Keqiang (3rd L) attends a symposium with heads of some newly-registered enterprises in Jinan, capital of ea
Accused arrested for posting abusive and threatening messages to ladies on Facebook

Accused arrested for posting abusive and threatening messages to ladies on Facebook

Hyderabad, 11 April 2014 : The Cyber Crime Police, CCS, DD, Hyderabad have arrested an accused person, involved in creating accounts in facebook and p
Facebook Cheating man arrested by Hyderabad Police

Facebook Cheating man arrested by Hyderabad Police

Hyderabad 21 June 2014: The Cyber Crime Police, CCS, DD, Hyderabad have arrested an accused person, involved in posting objectionable pictures on face
Shiv Sena leader Anant Geete takes oath as minister in Indian Prime Minister Narendra Modi's Cabinet

Shiv Sena leader Anant Geete takes oath as minister in Indian Prime Minister Narendra Modi's Cabinet

New Delhi, May 26, 2014: Shiv Sena leader Anant Geete on Monday took oath as a minister in Prime Minister Narendra Modi's cabinet in the presence of w
9/11 terrorist attack: US President Barack Obama marks 13th anniversary with new war on the horizon

9/11 terrorist attack: US President Barack Obama marks 13th anniversary with new war on the horizon

Washington, Sep 12/2014: President Barack Obama paid tributes to the victims of the Sep 11, 2001, terrorist attacks and emphasised the imminent end of
Israeli attacks on Gaza - protests at Jama Masjid Mumbai

Israeli attacks on Gaza - protests at Jama Masjid Mumbai

Mumbai, July 25, 2014: People participate in a demonstration to protest against Israeli attacks on Gaza at Jama Masjid. (Photo: Sandeep Mahankal/IANS)

Related News

     
     

Business News Arvind Mayaram moved again, now to minority affairs ministry as secretary
Arvind Mayaram moved again, now to minority affairs ministry as secretary New Delhi, Oct 30, 2014: Within days of being moved from the finance ministry to tourism, Arvind Mayaram was Thursday transferred to the minority affairs ministry as secretary.

The appointments committee of the cabinet (ACC) has approved cancellation of the order of appointment of Mayaram, a 1978 batch IAS officer, as secretary, tourism ministry, a statement by the ministry of personnel and pensions said here.

Mayaram was replaced by Rajiv Mehrishi as the finance secretary Oct 15, and has not yet taken charge in the tourism ministry.

The ACC also directed that Ratan P. Watal, secretary, department of expenditure in the f ... Read More
Latest Headlines
Right Arrow Union Carbide ex-chief Warren Anderson is dead
Right Arrow Union Carbide ex-chief Warren Anderson passes away
Right Arrow Nestle to introduce robots as sales clerks at its outlets selling coffee makers in Japan
Right Arrow Norway to make strong pitch in India for its salmon, seafood delicacy available easily to Indians and not restricted to fancy restaurants
Right Arrow China pledges non-reimbursable assistance of 500 million yuan financial aid to Afghanistan
Right Arrow Russia, Ukraine agree on gas supplies and transit conditions
Right Arrow Friday Sensex, Nifty hit record highs of 27,529.89 points
Right Arrow US body probes Indias trade policies under Modi government came to power
Right Arrow Australian government to lift sanctions on Fiji that have been in placethe 2006 military coup in the country
Right Arrow JK Laxmi Cement second quarter net profit soars 197 percent
Right Arrow European Union lifts decade-long economic sanctions on Zimbabwe
Milind Soman and Randeep Hooda during launch of a cosmetic product in Mumbai
Milind Soman and Randeep Hooda during la
CEO Hero Electric India Sohinder Gill and MD Hero Eco Group Naveen Munjal at the launch of AVIOR electric cycle in New Delhi
CEO Hero Electric India Sohinder Gill an
MD Nagesh Basavanhalli at the launch of Fiat Avventura in Chennai
MD Nagesh Basavanhalli at the launch of
Mercedes Benz India Managing Director and CEO Eberhard Kern at the launch of AMG GLA 45 in Mumbai
Mercedes Benz India Managing Director an
This page was created in 0.130609989166 seconds