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61% IT Professionals Report Data Breaches: McAfee

In Asia-Pacific countries, intellectual property theft is of greater concern than personally identifiable information, the study said

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McAfee
Sensitive data in Cloud more exposed than organisations think: McAfee. IANS

IT security professionals are struggling to secure their organisations and protect them against breaches with 61 per cent claiming to have experienced a data breach at their current employer, says a new report from global cyber security firm McAfee.

Data is now being stolen by several methods, with no single technique dominating the industry.

The top vectors used to appropriate data are database leaks, Cloud applications and removable USB drives, said the report titled “Grand Theft Data II — The Drivers and Shifting State of Data Breaches”.

Data breaches are becoming more serious as cyber criminals continue to target intellectual property, putting the reputation of company brand at risk and increasing financial liability, the results showed.

“Threats have evolved and will continue to become more sophisticated,” Candace Worley, Vice-President and Chief Technical Strategist at McAfee, said in a statement.

Logo of McAfee
Logo of McAfee. Flickr

“Organisations need to augment security measures by implementing a culture of security and emphasising that all employees are part of an organisation’s security posture, not just the IT team,” Worley said.

For the study, data was collected via online interviews of IT professional in several countries, including India, between 12 and December 31, 2018. To qualify for the survey, organisations had to have more than 1,000 employees.

Also Read- Amazon India Witness 56% Growth in E-commerce Exporters

According to results, personally identifiable information is of greater concern in Europe, most likely due to enforcement of the General Data Protection Regulation (GDPR).

In Asia-Pacific countries, intellectual property theft is of greater concern than personally identifiable information, the study said. (IANS)

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Around 56% Indians Fall Victim to Discount Scams During Online Holiday Shopping, Reveals McAfee

"As threat actors continue to enhance their techniques and explore new creative means of theft, it is crucial that users are mindful of potential risks and undertake necessary measures to protect themselves this holiday season," advised Krishnapur

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The survey revealed a staggering number (52.6 per cent) between the age of 18 to 24 years faced the brunt of romance scams, and 60 per cent millennials agree to being scammed by e-greetings. Pixabay

With Christmas around the corner, cybersecurity firm McAfee on Tuesday revealed that 56.1 per cent Indians have fallen victim to discount scams by clicking on malicious links during holiday shopping online.

The year-end festivities present a variety of threats to consumers shopping online, with more than half (53.6 per cent) Indians falling victim to scams resulting from deceiving apps, said McAfee’s ‘Christmas Scams Survey’.

At least one in four (28.6 per cent) Indians have lost between Rs 15,000-Rs 20,000 as a result of fake online retail sites, while 78.6 per cent experienced seasonal travel scams through unsolicited and malicious links.

While cybercriminal activity continues to grow in sophistication, popular scams like email phishing (25.3 per cent) and text phishing (21.1 per cent) still result in close to a quarter of Indians being duped throughout the season, said the survey.

“With the sheer volume of people shopping online, they tend to get careless, carried away with discounts, and open themselves to phishing attacks, frauds, malicious websites, and viruses that aim to steal money and personal information,” said Venkat Krishnapur, Vice-President of Engineering and Managing Director, McAfee India.

Throughout the festivities, 60.2 per cent people have fallen victim to robocalling and 57.1 per cent through SIM-jacking.

McAfee, Inc. is an American global computer security software company.
McAfee, Inc. is an American global computer security software company. Wikimedia Commons

A robocall is a phone call that uses a computerized autodialer to deliver a pre-recorded message, as if from a robot.

A new trend that hit unsavvy consumers hard this festive season was through phony gift cards.

Nearly 39.3 per cent Indians were directed to a site, were they were asked to input personal information such as name, telephone number or credit card information, with 40 per cent losing between Rs 10,000 to Rs 15,000.

Leveraging the emotional aspects of philanthropy and generosity, 60.7 per cent were victims of fake charities, with scammers impersonating genuine trusts to ask for donations.

Also Read: US Government Begins Probe into Google Over its Labour Practices

The survey revealed a staggering number (52.6 per cent) between the age of 18 to 24 years faced the brunt of romance scams, and 60 per cent millennials agree to being scammed by e-greetings.

“As threat actors continue to enhance their techniques and explore new creative means of theft, it is crucial that users are mindful of potential risks and undertake necessary measures to protect themselves this holiday season,” advised Krishnapur. (IANS)