Cybercriminals Target Companies with Outdated Cybersecurity Procedures
Most Organizations Affected by a Cyberattack Will Fall Victim Again as They Fail to Upgrade Their Cybersecurity Approach.
Research conducted by Cymulate, a cybersecurity intelligence platform, found that 39 % of businesses were victims of cybercrime during the course of the preceding year; of those, two-thirds were victimized more than once. One in ten of the people who were struck more than once became prey to further cyberattacks of 10 or more instances
It wasn’t one and done – in fact, if you were hit, you had much more chance of being hit a second time or multiple times. It’s not like you get hit once and people learned lessons – it really was a situation that your likelihood of being hit again was larger.
As ZDNet reports, malware attacks were identified as the kind of cybercrime that affected a majority of the businesses questioned (55%), followed by ransomware attacks as the second most prevalent type (40 %). Attacks using the distributed denial-of-service protocol (DDoS) and crypto-jacking were also among the most popular types of cybercrime.
Phishing emails directed at end users are the most common way that victims of cybercrime are attacked (56%). These emails try to trick users into clicking on malicious links that install malware on their computers or direct them to fake login pages that steal usernames and passwords.
Exploiting weaknesses in digital supply chains and third-party software that is linked to the network is the second most popular technique of attack. In this scenario, a susceptible supplier can be the point of entry for hackers into the network.
According to the findings of the study, businesses that were the targets of a cyberattack were twice as likely to suffer the same fate within a period of one year.
In some instances, this was the same cybercriminal entity that had attacked the network in the past; in other instances, however, it was an entirely different cybercriminal organization. In either case, additional attacks were able to disrupt the network because the original cybersecurity vulnerabilities were not fixed.
The research conducted by Cymulate has shown that the likelihood of a company becoming a victim of a cyberattack decreases in proportion to the frequency with which the information security and leadership teams meet to discuss cyber threats and risks. Companies that met the most frequently, at least 15 times per year, did not experience any security breaches at all.
How to Stay Safe?
When it comes to the most effective methods for managing responses to security incidents, the following are some of the things that you have to bear in mind:
- Avoid at all costs skipping the phases of incident response plans, as it is essential to handle security issues throughout their whole lifespan.
- Establishing operational protocols that are both clear and thorough will assist security professionals to maintain their composure during high-stakes situations and ensure that they are doing the appropriate actions.
- Think about making an investment in automated communication technology that will enable teams to focus on solving high-priority issues without wasting time during a crisis. These technologies are already available at affordable prices.
- If you do not have the necessary expertise, you should consider outsourcing the management of incident response to a managed service provider. The managed service provider’s team of cybersecurity experts will be able to assist you in establishing a high-level internal incident response strategy and provide emergency support in the event of a cyberattack.