1Kroll Report Finds Fraud, Cyber-Attacks Increased in 2016
2Fraud Increased in 2016
3The Impact of Fraud Varies
4Ransomware not as Prevalent as Viruses
While ransomware has been cited by multiple other 2016 security reports as a growing trend, the Kroll report found that only 13 percent of respondents suffered a ransomware attack in 2016. In contrast, 33 percent identified “virus/worm infestation” as a cyber-incident they experienced in the past 12 months.
5Software Vulnerabilities Enable Attacks
6Insiders are a Risk
For those companies reporting being the victim of a cyber-attack or information loss incident in 2016, employees were identified as primary perpetrators. Ex-employees were identified as the main cause by 20 percent of respondents, while 14 percent cited freelance or temporary employees as being the perpetrators of a cyber-event.
7U.S. Companies Likely to Contact IT Service Vendor After a Breach
The Kroll report is a global study, with many of the statistics for the United States almost mirroring worldwide numbers. One area that differs, however, is the entity most commonly contacted following a cyber-incident. In the United States, 43 percent of respondents said they would contact an IT service vendor, while the global number is only 27 percent.
8Most Organizations Already Have Risk Mitigation Policies
Though fraud is on the rise, the report has some positive findings, including the fact that 80 percent of respondents have developed and implemented security policies and procedures at their organizations.