Almost 90% Of Global Organisations Expect A Cyber Attack Within A Year
Findings from Trend Micro’s biannual Cyber Risk Index report that surveyed over 3,600 SME’s from across the globe have indicated that at least 86% of those surveyed believed it was extremely likely that they would be hit by some form of cyber attack within the next 12 months.
Of those surveyed 24% had been hit with 7 attacks within the previous year affecting systems and networks, 21% received 7 or more data breaches and 20% at least 7 customer data breaches.
The report found that the highest risk of loss that had the most damning and dramatic effects on the health of a business came through consumer data theft, stolen confidential information and both company and customer financial information breaches.
Larry Ponemon, CEO for the Ponemon Institute, said “This type of resource is increasingly useful as harmful security incidents continue to be a challenge for businesses of all sizes and industries.”
300% Increase in Cybercrime In West Indian City
Surat located in the western Indian state of Gujarat and one of India’s largest commercial and economic centres, as well as being one of the largest urban areas in western India has seen a record breaking 3000% increase in cyber security attacks and breaches between June 2020 to June 2021 compared to the previous year.
Many people have subsequently lost all there life savings and many have been locked out of the banking system altogether.
The police have launched an awareness campaign informing people of such fraud, the city police commissioner Ajay Tomar said “Our teams are working to identify victims, detect the cases and create awareness. Considering the rising numbers, we have started a month-long drive to prevent cyber crime cases,”
However a government official suggested the problem will not improve until the people of Surat start using secured internet systems and networks.
One in Three Australians Report Attacks
A first of its type report looking into cybercrime carried out by the Australian Institute of Criminology discovered the Australian economy lost approximately AU$3.5B from cybercrime over a 12 month period YoY. The costs consisted of AU$1.9 billion in losses, AU$1.4 billion on prevention and AU$600 dealing with the fallout.
It has been estimated that a rough total of 9.5 million Australians had been impacted by different types of cyber attacks and more needed to be done in the prevention.
Lead author of the publication Coen Teunissen warned Australians saying:
“Cyber crime is a growing, borderless and continually evolving body of crimes which can threaten individuals, businesses, government and national security.”
“Equally, it is imperative that the financial harms associated with cyber crime are assessed so that resources for prevention and response activities can be targeted most effectively, and a baseline can be developed against which to measure the impact of future policy responses.”