Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

News

1/23/2017
09:35 AM
50%
50%

Cyber Incidents Hit 85% Of Firms Over Past 12 Months

Insider threat is a key factor in the growth of cyber, fraud, and security incidents among global companies in 2016.

Eighty-five percent of executives say they were hit with a cyber incident in the past year, according to the 2016/2017 Kroll Annual Global Fraud and Risk Report. Malicious insiders prove the greatest threat.

One-third (33%) of respondents suffered virus attacks and 26% experienced email-based phishing attacks. Intellectual property theft/loss was the most common type of security incident, as reported by 38% of execs who experienced security problems. An increase in corporate fraud was driven by incidents of market collusion (15%) and misappropriation of company funds (11%).

Current and past employees are primarily responsible for fraud, cyber, and security issues. Nearly half (44%) of respondents hold insiders responsible for cyber incidents; more than half (56%) say insiders were "key perpetrators" of security problems.

Three-quarters (76%) of companies have begun to mitigate risk by implementing in-house security assessments of their IT and data infrastructure, execs report.

Kroll's Tommy Helsby says: "The impact of such incidents is significant, with punitive effects on company revenues, business continuity, corporate reputation, customer satisfaction, and employee morale."

Read full survey here.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
JulietteRizkallah
50%
50%
JulietteRizkallah,
User Rank: Ninja
1/26/2017 | 6:13:42 PM
Insider threats will continue to grow
With corporations providing access to more and more users to sensitive data, the issue of insider threats will more than likely increase.  This is why visibility in who access what and how is critical.  Let me explain: access used by a legitimate user cannot be flagged, but excessive access to various data at odd times by any legitinate users could raise a flagg if highlighted to IT staff.  Analytics, identity analytics, to be correct, will be critical to detect such abnomalies and provide visibility to corporations and their IT staff...until then...insiders will have a field day with sensitive data.
97% of Americans Can't Ace a Basic Security Test
Steve Zurier, Contributing Writer,  5/20/2019
TeamViewer Admits Breach from 2016
Dark Reading Staff 5/20/2019
How a Manufacturing Firm Recovered from a Devastating Ransomware Attack
Kelly Jackson Higgins, Executive Editor at Dark Reading,  5/20/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
Building and Managing an IT Security Operations Program
As cyber threats grow, many organizations are building security operations centers (SOCs) to improve their defenses. In this Tech Digest you will learn tips on how to get the most out of a SOC in your organization - and what to do if you can't afford to build one.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-11873
PUBLISHED: 2019-05-23
wolfSSL 4.0.0 has a Buffer Overflow in DoPreSharedKeys in tls13.c when a current identity size is greater than a client identity size. An attacker sends a crafted hello client packet over the network to a TLSv1.3 wolfSSL server. The length fields of the packet: record length, client hello length, to...
CVE-2019-12295
PUBLISHED: 2019-05-23
In Wireshark 3.0.0 to 3.0.1, 2.6.0 to 2.6.8, and 2.4.0 to 2.4.14, the dissection engine could crash. This was addressed in epan/packet.c by restricting the number of layers and consequently limiting recursion.
CVE-2019-12293
PUBLISHED: 2019-05-23
In Poppler through 0.76.1, there is a heap-based buffer over-read in JPXStream::init in JPEG2000Stream.cc via data with inconsistent heights or widths.
CVE-2018-7201
PUBLISHED: 2019-05-22
CSV Injection was discovered in ProjectSend before r1053, affecting victims who import the data into Microsoft Excel.
CVE-2018-7803
PUBLISHED: 2019-05-22
A CWE-754 Improper Check for Unusual or Exceptional Conditions vulnerability exists in Triconex TriStation Emulator V1.2.0, which could cause the emulator to crash when sending a specially crafted packet. The emulator is used infrequently for application logic testing. It is susceptible to an attack...