According to the latest Global Threat Report published by Forcepoint, enterprises need to allocate more resources to tackle the on-going spectre of threats and attacks from within the organisation. The whitepaper noted that less than half of corporations have a dedicated budget to tackle insider threats, despite their potentially catastrophic impact on business continuity.
Forcepoint’s 2016 study aims to provide a definitive breakdown on the cybersecurity threats attacks and hacks facing enterprises in today’s increasingly connected and digital landscape. “The rapid evolution of the cyber threat environment has consequences that are much broader than just technical, operational, and financial – they can impact every piece of a business,” Forcepoint Chief Scientist, Dr Richard Ford said. “With this threat report, we want to demystify these threats and help enable businesses with tools, recommendations and, quite simply, knowledge, so they can continue to move forward without fear.”
It found that many businesses feel they are still unprepared to confront the threat posed from sources within the organisation. Hackers are now taking advantage of dynamic business relationships and supply chains by manipulating staff to perform tasks that appear to be legitimate, but are actually designed to steal credentials and other important information. CIOs said common challenges are the lack of contextual information to flag suspect activity and an inability to view overall behaviour on networks. However, new technology is now emerging that combines DLP and analytics to determine the true origins of insider threats.
Forcepoint analysed a staggering three billion individual data points per day in more than 150 countries around the world throughout its research. The report revealed that the rise of ransomware and malware during the last twelve months had led to a 250 per cent rise in the number of emails with malicious content. It also detailed the arrival of a new botnet campaign called Jaku, which works on a large scale and an individual level to harvest sensitive files and valuable machine information.
Forcepoint rounded out its threat study by looking at the on-going move to the cloud and its potential impact on security. While those that adopt SaaS and other cloud methods wholesale for improved scalability and accessibility are reaping the benefits, CIOs that have yet to embrace the cloud are struggling to cope with the consequences of “shadow” IT. This is when employees are making independent decisions to use cloud apps for convenience and productivity. Shadow IT poses severe consequences, as both IT and security cannot see the data and thus are unable to protect it.
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