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One-fourth of Indian Companies Could Not Detect Any Cyber Attack in The Year 2018

F-secures's detection and response solutions detected 15 threats in a single month at a company with 1,300 endpoints and seven threats in a single month at a company with 325 endpoints

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Nearly 14.5 per cent of Indian companies could not detect any cyber attacks last year as finance and Information and communications technology (ICT) companies detected most attacks globally, a new report said on Tuesday.

According to cyber security provider F-Secure, there was a significant increase in attack traffic in the latter half of 2018.

“While attacks are increasing, it seems many companies are struggling with incident detection. Nearly 22 per cent of companies did not detect a single attack in 2018 globally,” said the report.

Cyberattacks
An employee works near screens in the virus lab at the headquarters of Russian cybersecurity company Kaspersky Labs in Moscow, July 29, 2013. VOA

“Today’s threats are completely different from 10 or even 5 years ago. Preventative measures and strategies won’t stop everything any more, so I’ve no doubt that many of the companies surveyed don’t have a full picture of what’s going on with their security,” said Leszek Tasiemski, Vice President of Cyber Security Product (Research & Development), at F-Secure.

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The F-Secure survey found that 20 per cent of respondents detected a single attack during the last 12-month period and 31 per cent detected 2-5 attacks.

F-Secure’s detection and response solutions detected 15 threats in a single month at a company with 1,300 endpoints and seven threats in a single month at a company with 325 endpoints. (IANS)

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43 Percent Increase in Social Media Frauds in 2018: Study

According to researchers, fraud in the mobile channel has grown significantly over the last several years, with 70 per cent of artifice originating in the mobile channel in 2018

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social media frauds
With one out of five cyber attacks attributed to rogue mobile apps in 2018, RSA identified an average of 82 rogue mobile applications a day last year across popular app stores. Pixabay

In a sign that platforms like Facebook and WhatsApp are emerging as new public square for criminal deception, a study has found that social media fraud increased 43 per cent in 2018.

The results suggest that cyber criminals are increasingly relying on Facebook, Instagram, WhatsApp and other legitimate social media and messaging platforms to communicate with each other and sell stolen identities, credit card numbers and other ill-gotten gains.

social media
According to researchers, fraud in the mobile channel has grown significantly over the last several years, with 70 per cent of artifice originating in the mobile channel in 2018. Pixabay

Given the ease of use, absence of fees and other benefits of these platforms, continuation of this trend in 2019 should come as no surprise, said “Current State of Cybercrime – 2019” white paper, released by RSA Security.

Trade in stolen identities would gain greater momentum with more stores likely opening on legitimate platforms to sell this type of data, the study said.  According to researchers, fraud in the mobile channel has grown significantly over the last several years, with 70 per cent of artifice originating in the mobile channel in 2018.

social media
With one out of five cyber attacks attributed to rogue mobile apps in 2018, RSA identified an average of 82 rogue mobile applications a day last year across popular app stores. Pixabay

In particular, fraud from mobile apps increased 680 per cent between 2015 and 2018, said the study, adding the use of rogue mobile applications to defraud consumers was on the rise.

ALSO READ: Fixing Algorithms Won’t Curb Fake News on Social Media

With one out of five cyber attacks attributed to rogue mobile apps in 2018, RSA identified an average of 82 rogue mobile applications a day last year across popular app stores.

“We expect the popularity of the mobile channel for fraud will continue through 2019, especially as cyber criminals keep finding ways to introduce tactics and technologies such as phishing and malware to the mobile channel,” the report said. (IANS)