Most Major Financial Hacks Completely Covered Up

PRESS RELEASE

Los Angeles, CA – June 30, 2015 - Despite devastating cyber attacks being reported daily in today’s media, a new survey from Lieberman Software Corporation reveals that what we see in the press is just a glimpse of reality. 87 percent of IT professionals stated that they believe large financial hacks are happening more often than reported, and right under the nose of security auditors.

The survey also discovered that more than half (51 percent) of IT professionals believe their corporate network is being targeted continuously by hackers. Meanwhile, 71 percent of respondents think that an Advanced Persistent Threat attack will attempt to breach their organization in the next six months. The study was conducted at Microsoft Ignite in May 2015 and measured the attitudes of nearly 150 IT professionals.

Commenting on the survey findings, Philip Lieberman, CEO of Lieberman Software Corporation, said: “The fact that IT professionals believe that data breaches are occurring more frequently than reported is revealing. Due to today’s advanced cyber attacks, intruders are already within most IT environments, are undetectable, and have access to credentials on every compromised machine.”

“Of course, it’s unlikely any company will ever willingly go public about a data breach because of the negative impact it can have on the organization’s reputation and share price. However, this certainly does not mean keeping security incidents a secret is the right thing to do, particularly if customer data is involved.”

Attitudes on Federal Cyber Security Sanctions

Another finding from the study is that 89 percent of respondents believe that recently announced US federal government cyber security sanctions provide a deterrent to cyber criminals. The referenced sanctions allow the United States government to enforce financial and travel restrictions on suspected cyber criminals.

“The new sanctions are an excellent move to provide clarity and direction on how to take action against nation states and criminals who use cyber-space to achieve unlawful economic advantage against US commercial entities,” continued Lieberman. “I agree with the survey respondents that the changes will provide much needed relief for US companies victimized by state-sponsored cyber attacks, as well as clarity for US government agencies tasked with enforcing laws and treaties.”

For more information on the survey, visit http://www.liebsoft.com/IT-Professional-Survey/.

About Lieberman Software Corporation

Lieberman Software proactively stops cyber attacks that bypass conventional enterprise defenses and penetrate the network perimeter. The company provides award-winning privilege management and security management products to more than 1,400 customers worldwide, including nearly half of the US Fortune 50. By automatically securing privileged access - both on-premises and in the cloud - Lieberman Software controls access to systems with sensitive data, and defends against malicious insiders, zero day attacks and other advanced cyber threats. Lieberman Software is headquartered in Los Angeles, CA, with offices and channel partners located around the world. For more information, visit www.liebsoft.com.