Incident Response, TDR

Study: Companies increasingly wary of cybercrime


Cybercrime is perceived as a major business risk to organizations -- with risks to intellectual property and sensitive corporate information the main concern.

A report by Finjan, showed that among corporate management (IT/security) respondents, corporate data, especially business and medical patient data, are perceived as vulnerable to cyber theft

Respondents also indicated that data breaches could go unnoticed, and that malware tucked into their business data is a greater issue than virus infections. Results also showed that many companies do not have a Web 2.0 policy in place.

Of those surveyed, 33 percent were satisfied that their organization had never been breached by malware, while 25 percent reported that they had been breached, with an overwhelming 42 percent of respondents being unsure. Many of those could not exclude a possibility of having been breached – mainly due to the sophistication of  cybercriminals and cybercrime attacks.

Yuval Ben-Itzhak, chief technology officer of Finjan, said: “It is indicative of the domination of criminal gangs in the malware and security attack business these days.

“Crimeware-as-a-service, or CaaS, represents the latest phase in the commercialization of hacking methods and tools. The process of conducting criminal activities is getting even more advanced by simplification – getting straight to stolen data as a service,” he said.

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