82 million ransomware attacks and over 3,000 BEC scams - the Trend Micro cyber attacks
Trend Micro, the leader in the global IT security market, published a six-monthly security report entitled 2017 Midyear Security Roundup: The Cost of Compromise. The report presents the threats that appeared in the first half of 2017 and continue to make it difficult for enterprises to plan the development of information systems. Today, companies are faced with a growing number of ransomware attacks, fraudulent e-mails for members of the board (Business Email Compromise, BEC) and attacks against the Internet of Things (IoT). Recently cyberpropaganda joined the list of threats.
In the first half of the year, Trend Micro detected over 82 million ransomware attacks and over 3,000 BEC attacks. Companies must therefore set security priorities. Although IT spending is an increasing part of company budgets, the analytical report published recently by Forrester shows that the method of allocating funds is not adapted to new threats.
"Enterprises should allocate funds primarily to preventive protection, because the costs of removing the effects of a possible cyber attack often exceed their budget capabilities," said Max Cheng, Chief Information Officer at Trend Micro. "Mass cyber attacks targeting companies all over the world in the first half of 2017 have become extremely popular, and unfortunately this trend is likely to continue. If the company wants to continue to be successful, it can not perceive information security only in terms of information protection, but also investment in its future. "
In April and June, malware ransomware called WannaCry and Petya attacked thousands of companies from many industries around the world. Global losses resulting from these attacks, including a drop in productivity and costs of minimizing damage, is estimated at even USD 4 billion. In addition, according to the Federal Bureau of Investigation (FBI) data, BEC fraud has increased the global loss in the first half of 2017 to $ 5.3 billion.
According to Trend Micro predictions, in the period from January to June, the number of attacks on Internet of Things systems increased, and cyberpropaganda was also more intensely spread. The company Trend Micro in cooperation with the Politecnico di Milano (POLIMI) has shown that industrial robots can also fall victim to attacks, which threatens with huge financial and production losses. Intelligent factories can not afford to neglect the protection of these connected devices. In addition, there have been more cases of abuse of social media for cyberpropagand purposes. On the underground markets, there are tools available to disseminate fake news or bad opinions, which may have serious financial consequences for companies whose reputation and brand value will suffer as a result of such actions.
The Trend Micro XGen solution, based on several generations of technologies, provides preventive protection and provides guidance to companies that face more and more advanced threats. Incidents identified since the beginning of 2017 are just a small sample of what may soon come. Cybercriminals are carrying out more and more intelligent attacks every day. Companies should prepare for it, providing them with appropriate budgets and solutions.
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