By Chuck Leaver Ziften Technologies CEO
A a great deal of companies have the belief that there is no requirement for them to pursue assiduous data loss prevention, they concern cyber attacks as either very unlikely to occur or have minimal monetary effect if they do occur. There is an increase in the recorded cases of cyber attacks and advanced relentless threats have contributed to this complacency. These harmful attacks tend to evade standard endpoint security software, and while they lack the teeth of denial-of-service attacks, they have the potential to cause considerable damage.
Over 67% of organizations declare 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 actually compromised their network according to Infosecurity. The coordinators of the study were skeptical about the results and highlighted the many vulnerable desktop and mobile endpoints that are now very common in companies.
Security professional and study organizer Tom Cross stated “Any system you connect to the Internet is going to be targeted by attackers extremely quickly afterwards.” “I would assert that if you’re uncertain whether or not your organization has actually had a security incident, the possibilities are really high that the response is yes.”
Around 16% stated that they had experienced a DDoS attack over the very same period, and 18% reported malware infiltrations. Despite this, most of the companies evaluated the effects as minor and not validating the implementation of brand-new endpoint security and control systems. Roughly 38% stated that they had not experienced found security breaches, and just 20% were able to confess to financial losses.
The loss of reputation was more prevalent, affecting around 25% of the respondents. Highlighting the possible impact of a cyber attack on finances and reputation, an event 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 details about university identifications and Social Security Numbers, which made it supply complimentary credit monitoring of the impacted parties.