{"id":2176,"date":"2020-07-15T13:26:48","date_gmt":"2020-07-15T13:26:48","guid":{"rendered":"https:\/\/www.technology-solved.com\/huntsville-al\/?p=2176"},"modified":"2020-09-14T13:45:31","modified_gmt":"2020-09-14T13:45:31","slug":"remote-working-during-coronavirus-pandemic-leads-to-rise-in-cyber-attacks","status":"publish","type":"post","link":"https:\/\/www.technology-solved.com\/huntsville-al\/remote-working-during-coronavirus-pandemic-leads-to-rise-in-cyber-attacks\/","title":{"rendered":"Remote Working During Coronavirus Pandemic Leads to Rise in Cyber-attacks, Say Security Professionals"},"content":{"rendered":"

The vast majority of cybersecurity executives believe the global shift to homeworking during the Covid-19 pandemic has led to a rise in\u00a0cyber-attacks<\/a>, a new survey has revealed.<\/p>\n

Published today (July 14), the\u00a0third Global Threat Report<\/a>\u00a0(PDF) from VMware Carbon Black also found little confidence among respondents that the rollout to remote working had been done securely.<\/p>\n

The study took a deep dive into the effects\u00a0Covid-19<\/a>\u00a0had on the security of remote working, with 91% of executives stating that working from home has led to a rise in attacks.<\/p>\n

Respondents from the UK,\u00a0US<\/a>, Italy, and Singapore were polled in March and April of this year.<\/p>\n

The study found that 85% of chief information officers (CIOs), chief technology officers (CTOs), and chief information security officers (CISOs) felt that their workforce had not been properly equipped to work from home, with 28% citing \u201csevere and significant gaps\u201d in security.<\/p>\n

More than a quarter (29%) cited an inability to implement multi-factor authentication as the biggest threat facing their organization, rising to 50% for financial services organizations, and 46% for companies with 251-500 employees.<\/p>\n

Covid-19 related malware was the biggest threat to smaller organizations with 50-250 employees (43%).<\/p>\n

Increased attacks<\/h3>\n

The findings were discovered in the context of a larger study produced in the early days of the pandemic, which found that 90% of security professionals had already witnessed a growing volume of attacks over the previous 12 months.<\/p>\n

Four in five (80%) also thought attacks had become more sophisticated since 2019.<\/p>\n

Of around 3,000 professionals surveyed in more than a dozen countries, 94% had suffered a data breach resulting from a cyber-attack. Organizations experienced an average of 2.17 breaches each, although this fell from 3.4 in the report\u2019s previous edition.<\/p>\n

This larger study polled respondents from countries across the world including Japan, Canada, France, and Germany. The average breach frequency was highest in France (3.7) and lowest in Canada (one breach).<\/p>\n

Manufacturing and engineering companies suffered more cyber-attacks and data breaches than any other sector.<\/p>\n

The \u201cleap in attack frequency and sustained increase in sophistication\u201d showed that \u201chowever fast global businesses may be adapting to the intensifying environment, the cyber threat landscape is evolving faster\u201d, said Rick McElroy, cybersecurity strategist at VMware Carbon Black.<\/p>\n

 <\/p>\n

Read more of the latest news about cyber-attacks<\/span><\/a><\/p>\n

 <\/p>\n

Custom malware and Google Drive attacks were the most frequently experienced forms of cyber-attack by 18% of respondents apiece, while process hollowing attacks more than trebled from 3% to 9.5%.<\/p>\n

\u201cAdversaries are adopting more advanced tactics as the commoditization of malware is making more sophisticated attack techniques available to a bigger cohort of cybercriminals,\u201d concluded McElroy.<\/p>\n

Conversely, phishing and ransomware attacks only accounted for 6% of attacks each, down from 34% and 18% in the previous two reports.<\/p>\n

It \u201cappears that unsophisticated \u2018spray and pray\u2019 tactics are being rejected in favor of accessing networks undetected and gaining persistence for longer term campaigns,\u201d reads the report.<\/p>\n

Identifying risks<\/h3>\n

The rising adoption of third-party applications prompted 35% of cybersecurity professionals to cite \u201cworkload\/applications\u201d as the biggest security risk.<\/p>\n

Network vulnerabilities were identified by almost as many \u2013 34% \u2013 followed by mobile devices (21%) and endpoints (7%).<\/p>\n

The root cause of 18% of breaches, OS vulnerabilities were the most common entry point for attackers, followed by third party application breaches and \u2018island hopping\u2019, both polling at 13%.<\/p>\n

Seven percent of breached businesses were compromised via their supply chain.<\/p>\n

Some 70% of security professionals felt their organization had suffered reputational damage from a data breach, although only 30% suffered financial losses \u2013 down from 44% in October 2019.<\/p>\n

Twice as many financial services companies suffered \u201csevere\u201d reputational damage than respondents across all sectors \u00ac\u2013 34% versus 17%.<\/p>\n

 <\/p>\n

YOU MAY LIKE\u00a0<\/span>Simplicity should underpin enterprise security in a Covid-19 world<\/a><\/p>\n

 <\/p>\n

The vast majority of respondents \u2013 96% \u2013 expected their budgets to grow over the next 12 months, with 46.5% anticipating a rise in 5G-focused security spending.<\/p>\n

Threat hunting is becoming ubiquitous, meanwhile, apparently by dint of its effectiveness: 88% of respondents now deployed the defensive method, and 86% said it had strengthened their company\u2019s defences.<\/p>\n

Respondents were using an average of 8.91 different security tools to manage their security program. This reactive, \u201cbolted-on\u201d approach to tackling emerging threats \u201chas resulted in siloed, hard-to-manage environments\u201d, said the report.<\/p>\n

The Daily Swig\u00a0<\/span>has contacted VMWare for further comment.<\/p>\n

This article was originally published on The Daily Swig<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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