Close
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Cybersecurity
    • Cybersecurity
    • Small Business

    Cyber-Security Threats Rise in Frequency, Complexity

    By
    Nathan Eddy
    -
    August 13, 2014
    Share
    Facebook
    Twitter
    Linkedin
      Web security and IT management

      Cyber-threats, data breaches and high-risk vulnerabilities have continued to dominate the first half of 2014, with attacks affecting consumer’s personal information, included theft of data such as customer names, passwords, email addresses, home addresses, phone numbers, and dates of birth, according to a report from Trend Micro.

      The data breaches and Distributed Denial of Service (DDoS) attacks recorded this quarter showed that an organization-wide strategy is required if companies wish to survive their aftermath.

      Organization-wide, understanding and commitment to carrying out a strategic security plan is necessary. Otherwise, they may resort to highly impractical measures such as reverting to manual processing, as in the case of P.F. Chang’s restaurant, the report noted.

      Tom Kellermann, chief cybersecurity officer for Trend Micro, told eWEEK the recent cyber-crime events represent a harbinger of things to come.

      “For too long corporations have viewed security as an expense rather than a functionality of conducting business online,” he said. “Greater percentages of the IT budget must be dedicated to the safety of their customers online.”

      All organizations are at risk of being targeted, though financial institutions top the list of the most at-risk businesses.

      “Financial institutions are the holy grail of hacking as 95 percent of all ‘money’ is digital,” Kellermann said. “More than 98 percent of bank heists occur in cyberspace and this is being exacerbated by mobile banking and the correspondent rise in mobile mugging. Financial institutions adhere to higher standards of security than other industries, however they are also targeted by the world’s elite hackers.”

      The report noted deployment of mobile ransomware and two-factor authentication-breaking malware has emerged in response to technological developments in the online banking and mobile platforms, indicating consumers are exposed to an ever more complex web of threats.

      “The average consumer should deploy mobile security on all their mobile devices. Update all critical updates every Tuesday,” Kellermann advised. “Never use public Wi-Fi and change passwords to ‘pass phrases with symbols’. Lastly, one should never click on links, instead, cut and paste them into a browser.”

      One of the report’s more encouraging findings was that global law enforcement partnerships lead to arrests–by sharing research findings with law enforcement agencies, financial loss prevention from cyber-crime has proven effective.

      “Threats will continue to escalate as crime has migrated from the streets to the virtual world. The Internet is a free fire zone with a multiplicity of hackers,” Kellermann said. “Due to this reality, law enforcement is overwhelmed, and thus, the prosecution rates are less than 5 percent.”

      For small businesses with limited IT resources, Kellermann said it’s extremely important to protecting their users and their presence, and recommends having the Website tested for the OWASP Top 10 vulnerabilities and deploy Web application security.

      In addition, Kellermann advised all employee devices should have mobile security deployed, and the laptops should be set to “least privilege,” and as businesses migrate to the cloud, they must deploy encryption, anti-malware, intrusions detection systems and file integrity monitoring as extra protective measures.

      Nathan Eddy
      A graduate of Northwestern University's Medill School of Journalism, Nathan was perviously the editor of gaming industry newsletter FierceGameBiz and has written for various consumer and tech publications including Popular Mechanics, Popular Science, CRN, and The Times of London. Currently based in Berlin, he released his first documentary film, The Absent Column, in 2013.

      MOST POPULAR ARTICLES

      Cybersecurity

      Visa’s Michael Jabbara on Cybersecurity and Digital...

      James Maguire - May 17, 2022 0
      I spoke with Michael Jabbara, VP and Global Head of Fraud Services at Visa, about the cybersecurity technology used to ensure the safe transfer...
      Read more
      Big Data and Analytics

      Alteryx’s Suresh Vittal on the Democratization of...

      James Maguire - May 31, 2022 0
      I spoke with Suresh Vittal, Chief Product Officer at Alteryx, about the industry mega-shift toward making data analytics tools accessible to a company’s complete...
      Read more
      Big Data and Analytics

      GoodData CEO Roman Stanek on Business Intelligence...

      James Maguire - May 4, 2022 0
      I spoke with Roman Stanek, CEO of GoodData, about business intelligence, data as a service, and the frustration that many executives have with data...
      Read more
      Applications

      Cisco’s Thimaya Subaiya on Customer Experience in...

      James Maguire - May 10, 2022 0
      I spoke with Thimaya Subaiya, SVP and GM of Global Customer Experience at Cisco, about the factors that create good customer experience – and...
      Read more
      Cloud

      Yotascale CEO Asim Razzaq on Controlling Multicloud...

      James Maguire - May 5, 2022 0
      Asim Razzaq, CEO of Yotascale, provides guidance on understanding—and containing—the complex cost structure of multicloud computing. Among the topics we covered:  As you survey the...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2021 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×