Coming from the 2021 Data Security Report, information security incidents turned out to be targeted threats for companies and businesses, with an upsurge in its efficacy and amount.
Surveys revealed that at least 23% of IT security managers do not implement any security incident protocols in their working setting; that is why cyberattack suspicions are challenging to raise. Moreover, the survey result also exposes that 33% of these companies do not have formal cybersecurity incident response plans.
From more than 900 surveyed employees working on companies in the US that identified security incidents, three are considered the most threatening.
The first threat would be the rise of severe ransomware attacks as time goes. Second to this is how phishing schemes become more effective and enhanced by the threat actors. And lastly is the extensive reusing of passwords by millions of people worldwide.
Survey respondents reported that there had been a triple in efficacy over the past two years in terms of phishing email scams. Due to phishing emails becoming tougher to recognize, it makes them more destructive and effective.
Ransomware attacks had an increased rate of 25% over the past year. Specific business industries such as financial or banking services and construction demand significantly higher than average ransom payments by ransom attack threat actors.
Re-usage of passwords is reported to be connected with higher security breaches incidents as well. Account takeover or hacking reports are three times more widespread across individuals who reuse their passwords than those who change them religiously.
Security analysts say that data security threats have been targeting more individual victims, especially those that are not cautious and do not implement enhanced security response plans. Examples are phishing schemes that are intended towards a particular individual or ransomware attacks in a huge company.
It is highly recommended that information technology security training and response plans must be doubled within all organizations. Moreover, fortifying security networks to further protect groups and companies is also advised that security researchers highlight all the time, especially with how advanced cybercriminals are becoming day by day.
