US statistics warn of new trends in cybercrime: how a retained PFI can mitigate the risks

Retained PFI

Statistics provide useful evidence of the trends developing within the world of information security. Figures compiled from reported attacks in the United States for July 2017 give us a breakdown of attacks sector by sector, providing some useful insight into the minds of cyber attackers and their motivation. As we all know, cybercrime is international and these trends are likely to be reflected in the UK in the coming months. The key figures from this latest research show an increasing trend towards attacks on individuals and an increase in the number of attacks motivated by crime.

In fact, the number of cyberattacks on individuals in the US doubled between June and July 2017. In June 14.1 per cent of recorded attacks were targeted at single individuals but in July this figure had increased to 27.5 per cent. Of course, this still means that other sectors account for nearly three quarters of all cyberattacks. Industry (26.1%), Government (8.7%), Healthcare (8.7%) and Finance (5.8%) were the other major targets.

As for motivation, that 84.1 per cent of attacks in July 2017 were motivated by cybercrime is no great surprise. The fact that this particular motivation has increased by 15.3 per cent since June, however, is worthy of note. Rogue individuals with the requisite skill set have long been attracted by financial reward, yet in the past Cyber Espionage, Cyber Warfare and Hacktivism figures more significantly in these statistics. So theft is on the increase.

What does this mean for UK businesses? Given that the trend is toward an increase in crimes on individuals it may not be obvious. But we have noticed a correlation between an escalation in individual attacks and a heightened awareness among the business community. This is perhaps due to the power of the media but also to the even greater power of word-of-mouth. Because when a businessman becomes aware that someone they know has had their account hacked, he or she will be more likely to look to their business’ online security.

As far as we are concerned, any news of this type is helpful. Because the fact is that cybercrime is on the increase. Whether it is the slow and subtle syphoning off of funds from an unsuspecting retailer or a massive much publicised hack demanding ransoms like the one inflicted on HBO, theft is nowadays more likely to be an online activity than a physical one.

If an incident occurs, swift action is required to minimise the impact of an individual attack. But prevention is always better than cure. That is why increased awareness is always a good thing. The more businesses that retain an information security consultant to ensure their defences are robust, the fewer will be hacked. Those who trade online also benefit from a PCI Forensic Investigator (PFI) to protect their card payments.

SRM offers a full range of services to protect the online environment. Using a range of tools from penetration testing to vulnerability assessments and network security testing, we enhance risk mitigation and ensure that the online environment of our clients is as robust as it is possible to be. We also provide a bespoke retained PFI service, working proactively through regular strategic reviews to develop enhanced risk mitigation. Anticipating the potential risk areas for attack, we provide highly-targeted cost-effective solutions.

Given the constantly evolving world of cybercrime and the ingenuity of hackers, attacks can and do happen, however. But with a retained PFI already familiar with a company’s systems, remediation is rapid and disruption minimal.

 

Posted 3 months ago on · Permalink