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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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Image source: wordpress.com

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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Email Attacks: IT Professionals Struggle in Spotting Suspicious Emails

Spear phishing is widespread with 43 per cent of organizations being the victim of a spear-phishing attack in the past 12 months

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Cyber crime, U.S. programming
A man types on a computer keyboard in front of displayed cyber code in this illustration picture. VOA

Email attacks like phishing and ransomware are having a major impact on businesses globally, with over three-quarters of organizations saying their employees aren’t good at spotting suspicious emails, a new report has stressed.

Nearly 74 per cent of respondents say email attacks are having a major impact on their businesses while 78 per cent of organizations said the cost of email breaches is increasing, according to the report titled “2019 Email Security Trends” by the US-based cyber security firm Barracuda Networks. Spear phishing is widespread with 43 per cent of organizations being the victim of a spear-phishing attack in the past 12 months.

“While most IT professionals are more confident about their email security systems than they were a year ago, email attacks continue to have a significant impact on businesses,” said the report. The most common effects cited were loss of employee productivity, downtime and business disruption, and damage to the reputation of the IT team.

email attacks
Nearly 74 per cent of respondents say email attacks are having a major impact on their businesses. Pixabay

“Nearly three-quarters of respondents reported experiencing higher stress levels, worrying about potential email security even when they’re not at work, and being forced to work nights and weekends to address email security issues,” the findings showed.

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“Nearly a quarter of respondents advised that attacks have cost their organization $100,000 or more. Ninety-two per cent of Office 365 users have security concerns,” said the report. The report included responses from 660 executives, individual contributors and team managers serving in IT-security roles.

Companies surveyed include small, mid-sized, and enterprise businesses in technology, financial services, education, healthcare, manufacturing, government, telecommunication, retail and other industries. (IANS)