This post has actually been written by Chuck Leaver, Chief Executive Officer Ziften Technologies.
In a report it was revealed that breaches of consumer data means that there are increasingly more identity thefts being carried out nowadays. This is extremely worrying for all of us.
The report was carried out by the National Consumers League and it exposes that in the year 2013, around 33% of consumer data breaches resulted in identity fraud, and this means that the figure has tripled since the year 2010. This worrying rise can be explained by some clear reasons. Cyber lawbreakers are using a lot more advanced methods now and there is a lack of cyber attack laws that require companies to reveal when they have had an attack. To make matters worse there are few organizations using endpoint detection and response systems to protect their data. All this means that we are entering an environment where consumers are discovering that their data is continuously under attack by dishonest hackers.
John Breyault, who belongs to the National Consumers League, specified 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 been attacked to rapidly get the word out.
He went on to state that after a breach prompt notice is required so that individuals can carry out a “harm analysis” once they know about an attack. This is everybody’s right and at the moment the type of problem that would set a notice in motion stays very broad.
Sadly, it is not just identification theft that is under the spotlight. Another report revealed that malware is now more widespread than it ever was.
Every Third Computer system Has A Malware Infection Revealed In A Report
The Anti Phishing Workers Group published a report specifying that malware was most likely to be present in as much as a third of the computer systems throughout the world by the last quarter of 2013. This is a considerable boost when compared with the previous quarter says Tech News World. The technical director of a security lab that investigates cyber attacks, Luis Corons, stated that brand-new malware strains are being developed at an incredibly rapid pace and that malware infections could rise even further.
He specified that the development of brand-new malware samples has just skyrocketed and it has doubled from the last quarter of 2013 to the very first quarter of 2014.
The findings of these 2 reports underlines the fact that there is no space for complacency in companies when it concerns security. Every organization needs to sure up its endpoint detection and response systems or deal with the fact that a cyber attack is significantly more likely to be coming their way.