By Chuck Leaver Ziften Technologies CEO
A large number of companies have the belief that there is no requirement for them to pursue assiduous data loss avoidance, they regard cyber attacks as either very unlikely to happen or have minimal financial effect if they do happen. There is an increase in the recorded cases of cyber attacks and advanced persistent risks have contributed to this complacency. These malicious attacks tend to avert traditional endpoint security software applications, and while they lack the teeth of denial-of-service attacks, they have the potential to cause significant damage.
Over 67% of organizations claim that they have not been the victims of a cyber attack in the last 18 months, or that they had little or no visibility into whether an attack had jeopardized their network according to Infosecurity. The planners of the study were skeptical about the results and highlighted the various susceptible desktop and mobile endpoints that are now typical in companies.
Security specialist and survey coordinator Tom Cross stated “Any system you connect to the Web is going to be targeted by hackers extremely rapidly afterwards.” “I would assert that if you’re not sure whether your organization has had a security occurrence, the chances are really high that the response is yes.”
Around 16% stated that they had experienced a DDoS attack over the very same duration, and 18% reported malware infiltrations. Regardless of this, the majority of the organizations examined the consequences as small and not validating the application of brand-new endpoint security and control systems. Around 38% stated that they had not suffered from found security breaches, and just 20% did admit to monetary losses.
The loss of reputation was more prevalent, impacting around 25% of the participants. Highlighting the possible impact of a cyber attack on financial resources and credibility, an occurrence at The University of Delaware resulted in 74,000 people having their delicate data exposed, according to Amy Cherry, WDEL contributor. The hackers targeted the school’s website and scraped information about university identifications and Social Security Numbers, which forced it to provide free credit monitoring of the impacted individuals.