Warning: set_time_limit(): Cannot set max execution time limit due to system policy in /customers/b/b/b/brandspurng.com/httpd.www/wp-config.php on line 92 45% of businesses faced a data breach in last 12 months - Brand Spur

45% of businesses faced a data breach in last 12 months

Must Read

- Advertisement -
Data breaches continue to dominate headlines around the world. Recent findings analyzed by Atlas VPN reveal that as many as 45% of businesses had a data breach in the last 12 months.

The data is based on a survey conducted by Kaspersky and B2B International on September 30, 2020. Researchers interviewed 4,179 businesses globally, with 50 and up to 4,999 employees. Surveyed companies are from the following 5 industries: financial services, government, manufacturing, IT and telecommunications, retail and wholesale.

Atlas VPN delves into the data leak specifics, like which sector saw data breaches most often and what are the dangers of a data breach in each sector.

Analysis reveals that out of the 4,179 businesses, 45% lost data to hackers in the past 12 months. IT and telecommunication companies saw breaches most often, with 53% of companies losing data. IT and telecommunication businesses often have customers’ financial information, in addition to other sensitive data, such as private conversations, social security numbers, and addresses.

45% of businesses faced a data breach in last 12 months

- Advertisement -

Next up is the retail and wholesale industry, in which 52% of businesses experienced a data breach in the last year. Such cybersecurity incidents in retail businesses can damage the brand’s reputation, which leads to losing numerous customers, especially those who are privacy-conscious.

Third on the list is financial services, where exactly half of the respondents stated that their business lost sensitive data to fraudsters. Breaches in the financial industry are a huge concern since an unnoticed leak allows cybercriminals to drain the victims’ bank accounts.

Companies in the government sector are not an exception to the rule, as 46% of them had a data leak in the last 12 months. Attacks aimed at the government are more often than not supported by foreign authorities, whose aim is to obtain political and military information.

Finally, manufacturing and industrial companies experienced data breaches least often, but still a significant amount, at 43%. The danger is mostly to the businesses themselves, as competitors hire hackers to steal inside data which would destroy the competitive advantage the victim company had.

Read Also:  How can Nigerian banks start to improve internet banking penetration?

Most common threats overall

- Advertisement -

Shockingly, as many as 78% of surveyed businesses reported some kind of a cyber threat in their systems last year. On average, a cyber incident caused $312,117 in damages.

Besides data breaches, viruses and malware are the most common threats detected. Over 43% of companies experienced viruses and malware in their internal network in the last 12 months.

There is a wide variety of viruses and malware created by hackers. Nonetheless, the overwhelming majority of them are created to make money illegally.

45% of businesses faced a data breach in last 12 months

- Advertisement -

Also, 39% of companies reported that bring-your-own-devices (BYOD) had been infected by malware as well. Some companies provide all the needed equipment for work, while others require employees to bring their own computers and mobile devices.

Company-owned equipment usually has at-least some security measures in place as soon as the employee gets the device. However, that is not the case with BYOD equipment. There is no guarantee that employees update their computer software, which leaves vulnerabilities that hackers can abuse.

The fourth most common cyber threat in businesses globally is crypto-malware and ransomware. Crypto malware is a type of ransomware that encrypts a user’s files and demands a ransom. Fraudsters can also steal the data, delete it from the company’s database, and request a ransom (usually in Bitcoin) to get back the data.

Unfortunately, companies often choose to pay the ransom to avoid damaging their public reputation, hence further encouraging such attacks.

DDoS attacks are one of the most known types of cyberattacks, which affected 34% of companies globally in the last 12 months. DDoS is short for Distributed Denial of Service, and it is an attack used to crash a service or a website, making it temporarily inaccessible to its users.

Although individuals suffering from DDoS attacks, typically, cybercriminals target services instead. They often attack services hosted on high-profile web servers, like banks or credit card payment gateways. Revenge, blackmail, and activism are the most common reasons behind the performed attacks.

- Advertisement -
spot_imgspot_img

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

45% of businesses faced a data breach in last 12 months - Brand Spur

Trend Micro Placed in 2021 Magic Quadrant for Endpoint Protection Platforms

Recognized for Completeness of Vision and Ability to Execute

 

HONG KONG SAR - Media OutReach - 13 May 2021 - Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, today announced that it has been positioned by Gartner as a Leader in the Magic Quadrant for Endpoint Protection Platform for its offering, Trend Micro Apex One. The evaluation was based on specific criteria that analyzed the company's overall completeness of vision and ability to execute.


Trend Micro is continually innovating and anticipating emerging threats. Our flagship Apex One endpoint protection platform features broad coverage against today's most critical threats. Our customers are protected using a range of techniques including virtual patching, which immediately protects against exploits until the vendor patch is applied.


Read the full Magic Quadrant for Endpoint Protection Platform report at: https://resources.trendmicro.com/Gartner-Magic-Quadrant-Endpoints.html

"The endpoint has become a key battleground as determined threat actors try to take advantage of the pandemic to target distributed workforces and vulnerable remote access infrastructure. But throughout this difficult period, we've been there for our customers," said Wendy Moore, vice president of product marketing for Trend Micro. "I'm delighted to see us recognized again for doing what we do best: Protecting global organizations through innovative, cloud-first and platform-based security. We will continue to focus on offering simple, robust and industry-leading protection through our cybersecurity platform."

Read Also:  Google+ is shutting down for consumers after potential major data breach

At the heart of the company's cybersecurity platform is Trend Micro Vision One, which delivers visibility and XDR using telemetry from Apex One in addition to email, servers, cloud workloads and networks for faster detections and investigations.

Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables you to get the most from market analysis in alignment with your unique business and technology needs.

* Gartner disclaimer: Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.


About Trend Micro

Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro's cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world. www.trendmicro.com.hk


#TrendMicro


45% of businesses faced a data breach in last 12 months - Brand Spur
- Advertisement -
spot_imgspot_img

Latest News

Trend Micro Placed in 2021 Magic Quadrant for Endpoint Protection Platforms

Recognized for Completeness of Vision and Ability to Execute

 

HONG KONG SAR - Media OutReach - 13 May 2021 - Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, today announced that it has been positioned by Gartner as a Leader in the Magic Quadrant for Endpoint Protection Platform for its offering, Trend Micro Apex One. The evaluation was based on specific criteria that analyzed the company's overall completeness of vision and ability to execute.


Trend Micro is continually innovating and anticipating emerging threats. Our flagship Apex One endpoint protection platform features broad coverage against today's most critical threats. Our customers are protected using a range of techniques including virtual patching, which immediately protects against exploits until the vendor patch is applied.


Read the full Magic Quadrant for Endpoint Protection Platform report at: https://resources.trendmicro.com/Gartner-Magic-Quadrant-Endpoints.html

"The endpoint has become a key battleground as determined threat actors try to take advantage of the pandemic to target distributed workforces and vulnerable remote access infrastructure. But throughout this difficult period, we've been there for our customers," said Wendy Moore, vice president of product marketing for Trend Micro. "I'm delighted to see us recognized again for doing what we do best: Protecting global organizations through innovative, cloud-first and platform-based security. We will continue to focus on offering simple, robust and industry-leading protection through our cybersecurity platform."

At the heart of the company's cybersecurity platform is Trend Micro Vision One, which delivers visibility and XDR using telemetry from Apex One in addition to email, servers, cloud workloads and networks for faster detections and investigations.

Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables you to get the most from market analysis in alignment with your unique business and technology needs.

* Gartner disclaimer: Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.


About Trend Micro

Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro's cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world. www.trendmicro.com.hk


#TrendMicro


45% of businesses faced a data breach in last 12 months - Brand Spur
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -spot_imgspot_img