By Charles Leaver Ziften Technologies CEO
A large number of companies have the belief that there is no need for them to pursue assiduous data loss prevention, they regard cyber attacks as either extremely not likely to take place or have minimal financial effect if they do occur. There is an increase in the recorded cases of cyber attacks and advanced consistent threats have added to this complacency. These harmful attacks have the tendency to avert conventional endpoint security software applications, and while they do not have the teeth of denial-of-service attacks, they have the potential to cause significant damage.
Over 67% of companies 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 compromised their network according to Infosecurity. The planners of the survey were skeptical about the results and highlighted the various vulnerable desktop and mobile endpoints that are now very common in companies.
Security specialist and survey coordinator Tom Cross said “Any system you connect to the Internet is going to be targeted by attackers really rapidly afterwards.” “I would assert that if you’re unsure 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 same duration, and 18% reported malware infestations. Despite this, most of the companies evaluated the effects as minor and not validating the application of brand-new endpoint security and control systems. Around 38% stated that they had actually not suffered from found security breaches, and only 20% were able to admit to financial losses.
The loss of reputation was more extensive, affecting around 25% of the respondents. Highlighting the potential impact of a cyber attack on finances and reputation, an occurrence at The University of Delaware led to 74,000 people having their sensitive 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 made it provide complimentary credit monitoring of the affected individuals.