NEWS IN BRIEF CYBER READINESS STALLS AS ATTACKS REACH NEW INTENSITY
A sharp increase in the number and cost of cyber attacks has left 61% of fi rms polled by Hiscox report one or more attacks in the past 12 months, yet the proportion achieving top scores for their cyber security readiness is down year-on-year. The insurer’s 2019 Cyber Readiness Report found that average losses associated with all cyber incidents have risen from €204,463 in 2918 to €329,497 in 2019 – an increase of 61%. For large fi rms with between 250 and 999 employees cyber-related losses now top €625,062 on average compared with €144,672 a year ago. German fi rms suff ered the most, with one reporting a cost for all incidents of €42m. |
hiscox.co.uk
Belgium’s Centre for Cyber Security found no evidence that ICT equipment supplied by Huawei could be used for spying (Reuters reported). Huawei supplies equipment to Belgian mobile operators Proximus, Orange Belgium and Telenet.
C-SUITERS EVEN MORE TARGETED
C-level executives are now the major focus for social engineering attacks, with senior managers and board-level members now 12 times more likely to be targeted than in recent years. According to the Verizon Data Breach Investigations Report 2019, successful ‘pretexting’ attacks on some senior executives can reap large dividends as a result of the bosses’ often unchallenged approval authority over fi nancial transfers, and privileged access into critical systems. Typically time-starved and under
pressure to deliver, those in leadership roles
quickly review and click on
emails prior to moving on to the next making suspicious emails more likely to get through, the report says. |
enterprise.verizon.com
Poland & Sweden have become the newest members of the Joint Cyber Crime Action Taskforce. Hosted within Europol’s European Cyber Crime Centre, it comprises cyber liaison offi cers from 15 EU Member States and others.
October 2019 has been announced as European Cyber Security Month. This European Union campaign promotes the importance of information security and also highlights the steps that organisations can take to protect their critical data.
share many of the same concerns about
their roles as
frontline
cyber security practitioners: they include a ‘lack of commitment
from upper management’, the ‘reputation of their organisation’, ‘risk of seeing their job outsourced’, ‘work/life imbalance’, the threat of AI reducing the need for security staff , and a lack of cyber security terminology to communicate within their organisations.
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