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

    Global Fraud and Cyber-Security Incidents on the Rise, Kroll Finds

    By
    Sean Michael Kerner
    -
    January 24, 2018
    Share
    Facebook
    Twitter
    Linkedin

      PrevNext

      1Global Fraud and Cyber-Security Incidents on the Rise, Kroll Finds

      Global Fraud and Cyber-Security Incidents on the Rise, Kroll Finds

      Risk solution provider Kroll released the 10th annual edition of its Global Fraud and Risk Report on Jan. 22, revealing insights into the current state of cyber-security and fraud risks. The 47-page report is based on responses from 540 senior executives who work in different industries around the world. Among the high-level findings in the report is that incidents of fraud were up in 2017. Eighty-four percent of respondents said their organizations were victims of fraud last year, up from 82 percent in the 2016 report. And for the first time in the 10-year history of the report, information theft was identified as the top fraud attack. In this slide show, eWEEK looks at some of the highlights of the Kroll Annual Global Fraud and Risk report.

      2Fraud Incidents Reach New High

      Fraud Incidents Reach New High

      Eighty-four percent of respondents said their organization was the victim of at least one instance of fraud in 2017, up from 82 percent in 2016.

      3Risk Varies by Industry

      Risk Varies by Industry

      Incidences of fraud and cyber-security incidents vary by industry. The financial services industry had the highest reported level for fraud, at 91 percent.

      4Most Fraud-Related Losses Less Than 6 Percent of Revenue

      Most Fraud-Related Losses Less Than 6 Percent of Revenue

      Seventy-seven percent of organizations reported that fraud-related losses were 6 percent or less of their company’s revenues.

      5Information Theft Is Growing

      Information Theft Is Growing

      For the first time in the 10-year history of the report, information theft was identified as the top fraud attack at 29 percent, up from 24 percent in the 2016 report.

      6Phishing Attacks on the Rise

      Phishing Attacks on the Rise

      Organizations suffered multiple types of cyber-incidents in 2017, with virus and worm infestation being the top category at 36 percent. One of the fastest growing attacks is email-based phishing attacks, which were reported by 33 percent of respondents, up from 26 percent in 2016.

      7Software Vulnerabilities Lead to Cyber-Incidents

      Software Vulnerabilities Lead to Cyber-Incidents

      There were multiple ways in which organizations were attacked in 2017. The leading cause, cited by 25 percent of respondents, was a software vulnerability, of which attackers to advantage.

      8Who Are the Perpetrators?

      Who Are the Perpetrators?

      Of the organizations that suffered a cyber-incident in 2017, 34 percent attributed the attack to a “random cyber-criminal,” while 28 percent identified ex-employees as the key perpetrators.

      PrevNext

      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
      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
      IT Management

      Intuit’s Nhung Ho on AI for the...

      James Maguire - May 13, 2022 0
      I spoke with Nhung Ho, Vice President of AI at Intuit, about adoption of AI in the small and medium-sized business market, and how...
      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
      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.

      ×