Never miss a story

Get subscribed to our newsletter


×
Surge in cybercrime due to work from home. Pixabay

With most people working from home, due to the Coronavirus pandemic, there has been a surge in cybercrime. The year 2021 saw 5,258 data breaches across the globe, a third more breaches analyzed than last year, according to a report on Thursday. The 14th edition of the Data Breach Investigations Report (2021 DBIR) by US-based Verizon Business, analyzed 29,207 security incidents from data collected from 83 contributors, with victims spanning 88 countries; 12 industries, and three world regions.

The report showed that with an unprecedented number of people working remotely, phishing and ransomware attacks increased by 11 percent and 6 percent respectively, with instances of misrepresentation increasing by 15 times compared to last year. Additionally, breached data showed that 61 percent of breaches involved credential data. About 95 percent of organizations suffering credential stuffing attacks had between 637 and 3.3 billion malicious login attempts through the year.


Follow NewsGram on Twitter to stay updated about the World news.

“The Covid-19 pandemic has had a profound impact on many of the security challenges organizations are currently facing,” said Tami Erwin, CEO, Verizon Business, in a statement. “As the number of companies switching business-critical functions to the cloud increases, the potential threat to their operations may become more pronounced, as malicious actors look to exploit human vulnerabilities and leverage an increased dependency on digital infrastructures” Erwin added.

ALSO READ: Billions Of Computers Around The World At Hacking Risk: Research

Among Financial and insurance industries, 83 percent of data compromised in breaches was personal data, while in Professional, Scientific, and Technical Services industries only 49 percent was personal. Further, the 2021 DBIR report also revealed many breaches that took place in Asia Pacific regions were caused by financially motivated attackers — phishing employees for credentials, and then using those stolen credentials to gain access to mail accounts and web application servers.

Europe, Middle East, and Africa regions saw basic cybercrime in web application attacks, system intrusion, and social engineering, while Northern America was the target of financially-motivated cybercriminals searching for money or easily monetizable data. Social engineering, hacking, and malware continued to be the favored tools utilized by cybercriminals in this region. (IANS/SP)


Popular

IANS

"Our focus and USP at Forest Essentials has always been at delivering high quality Ayurvedic products in a sustainable way, with a global appeal.

One of Indi's leading luxurious Ayurveda skincare brands, Forest Essentials, announces its international foray with the London based Lookfantastic.com, Euroe's premium online beauty retailer. The partnership enables the brand to take significant strides towards its expansion globally starting with the launch in the United Kingdom. "Our focus and USP at Forest Essentials has always been at delivering high quality Ayurvedic products in a sustainable way, with a global appeal.

We firmly believe that the time is right for Forest Essentials to expand to the UK, as our first international footprint with Lookfantastic,' Europe's premium online beauty retailer. "The UK audience is well aware of Ayurveda and we are certain that the demand for our Made in India luxurious Ayurveda products, is going to continue to grow multifold, as consumers are today looking for moments of self-care, to feel better in this stressful period and we are well positioned to support this type of feel-good indulgence that consumers are seeking today," says Samrath Bedi, Executive Director, Forest Essentials. The brand's iconic product ranges, across skincare, body care and haircare will be available for purchase in the UK, including the Soundarya collection, crafted with 24k gold.

Keep Reading Show less
IANS

Khadi is no longer a dull, drab fabric meant only for politicians' wardrobes.

Khadi is no longer a dull, drab fabric meant only for politicians' wardrobes. A fashion show organised by the Khadi Gramodyog Board as part of the Azadi Ka Amrit Mahotsav to mark the 75th year of India's Independence showcased the use of Khadi in traditional, as well as, contemporary and festive wear. From lehengas in resplendent Khadi silk to western clothes and casual wear, the models on Thursday night displayed new facts of the fabric.

Several well-known Indian designers including Ritu Beri, Farah Ansari, Rina Dhaka, Asma Husain, Aditi Rastogi and Himmat Singh showcased their designs. Gaurav Gaur directed the fashion show with clothes like lehengas, kurtis, kurta pajamas and partywear.

Lucknow's chikankari and silk artisans also participated in the event. A wedding collection in Khadi was the highlight of the show. "The show was based on the concept 'Khadi for nation, Khadi for fashion' and the fabric for all costumes was provided by Khadi Gramodyog Board," said a spokesman. (IANS/ MBI)


Keep Reading Show less
Wikimedia Commons

Pat Gelsinger, CEO - Intel

Intel saw its stock tumbling by more than 8 percent after the chipmaker said the industry-wide component shortage affected its PC chip business during the third quarter (Q3). Intel CEO Pat Gelsinger told CNBC late on Thursday that he didn't expect the semiconductor shortage to end until 2023. "We're in the worst of it now, every quarter, next year we'll get incrementally better, but they're not going to have supply-demand balance until 2023," Gelsinger was quoted as saying.


The company delivered its Q3 results with revenue up 5 percent (year-over-year) driven by strong demand in its DCG and IoTG businesses, despite the highly constrained industry-wide supply environment. "Q3 revenue was $18.1 billion slightly below our guide due to shipping and supply constraints that impacted our businesses," George S. Davis, Chief Financial Officer, said in a statement. He also announced plans to retire from Intel in May 2022. In the third quarter, the company generated $9.9 billion in cash from operations and paid dividends of $1.4 billion.

Keep reading... Show less