This post written by Chuck Leaver, Chief Executive Officer Ziften Technologies.
In a report it was revealed that breaches of consumer data implies that there are increasingly more identity thefts being carried out these days. This is really worrying for everyone.
The report was performed by the National Consumers League and it exposes that in the year 2013, around 33% of customer data breaches led to identity fraud, and this means that the statistic has tripled since 2010. This worrying rise can be explained by some clear reasons. Cyber lawbreakers are using much more advanced methods now and there is an absence of cyber attack laws that require organizations to divulge when they have had an attack. To make matters even worse there are not many organizations utilizing endpoint detection and response systems to safeguard their data. All this means that we are going into an environment where consumers are finding that their data is constantly under attack by unscrupulous hackers.
John Breyault, who belongs to the National Consumers League, mentioned that cyber attack breach legislation like the one operating in California can assist with the minimization of breach reverberations by mandating the companies that have actually been attacked to rapidly get the word out.
He went on to state that after a breach prompt notice is needed so that individuals can carry out a “harm analysis” once they learn about a breach. This is everyone’s right and at the moment the type of issue that would set a notification in motion stays very broad.
Unfortunately, it is not just identification theft that is under the spotlight. Another report highlighted that malware is now more widespread than it ever was.
Every Third Computer Has A Malware Infestation Revealed In A Report
The Anti Phishing Workers Group published a report mentioning that malware was likely to be present in up to a 3rd of the computer systems throughout the world by the final quarter of 2013. This is a considerable boost when compared to the previous quarter says Tech News World. The technical director of a security laboratory that examines cyber attacks, Luis Corons, stated that new malware strains are being developed at an exceptionally fast pace and that malware infections might rise even further.
He stated that the creation of new malware samples has actually simply escalated and it has actually doubled from the final quarter of 2013 to the first quarter of 2014.
The findings of these two reports underlines that there is no room for complacency in organizations when it concerns security. Every organization needs to sure up its endpoint detection and response systems or face the fact that a cyber attack is progressively most likely to be coming their way.