This post written by Charles Leaver, CEO Ziften Technologies.
In a report it was revealed that breaches of customer data implies that there are more and more identity thefts being carried out nowadays. This is very disconcerting for all of us.
The report was performed by the National Consumers League and it reveals that in the year 2013, around 33% of consumer data breaches resulted in identity fraud, and this means that the statistic has tripled since the year 2010. This concerning rise can be explained by some clear factors. Cyber wrongdoers are utilizing far more sophisticated methods now and there is a lack of cyber attack laws that force companies to reveal when they have had an attack. To make matters even worse there are very few companies using endpoint detection and response systems to protect their data. All this means that we are going into an environment where consumers are discovering that their data is continuously under attack by deceitful hackers.
John Breyault, who belongs to the National Consumers League, stated that cyber attack breach legislation like the one operating in California can help with the reduction of breach reverberations by mandating the companies that have been breached to quickly get the word out.
He went on to say that after a breach prompt notification is needed so that individuals can conduct a “harm analysis” once they understand about an attack. This is everybody’s right and at the moment the kind of issue that would set a notice in motion remains really broad.
Sadly, it is not just identification theft that is under the spotlight. A different report highlighted that malware is now more common than it ever was.
Every Third Computer Has A Malware Infection Revealed In A Report
The Anti Phishing Workers Group published a report stating that malware was most likely to be present in as much as a 3rd of the computers throughout the world by the last quarter of 2013. This is a significant increase when compared with the previous quarter says Tech News World. The technical director of a security lab that examines cyber attacks, Luis Corons, said that new malware strains are being developed at an extremely rapid pace and that malware infections might increase even further.
He mentioned that the creation of new malware samples has actually just escalated and it has doubled from the last quarter of 2013 to the very first quarter of 2014.
The findings of these two reports highlights that there is no space for complacency in organizations when it pertains to security. Every company has to sure up its endpoint detection and response systems or deal with the fact that a cyber attack is increasingly more likely to be coming their way.