From darkweb networks to state-sponsored groups, cybercrime has long outgrown its traditional image. Now, the myth of the lone wolf who carries out complex operations alone has all but disappeared.
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While the media have extensively covered the recent spike in malware, a certain aspect seems to have been downplayed. The truth is, not only have cyber-attacks grown significantly during the pandemic (in March alone, 832 million records were breached through malware), but their complexity has also visibly increased as well.
While public safety measures have started to relax, the surge of malware accompanying the pandemic is still making headlines. As a recent study points out, hackers have created no less than 130 000 new e-mail domains related to Covid-19 to carry out what analysts now call ”fearware” attacks.
From small companies losing their income to fraud to entire countries being robbed of their data, the past few years have seen an unprecedented surge in security incidents. In fact, the recently launched Allianz Risk Barometer 2020 claims cyber incidents have surpassed even business interruption to become the No. 1 business risk for companies everywhere.
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Suspicious. Suspicious. Suspicious. You scroll down as you sift through your thousandth false positive today. And it’s not even noon. You take a small break, after one last glance at the screen. After all, no real threat has been detected in months. What could go wrong?
In the world of cybercrime, like in the physical world, the thief is often caught only after he makes off with the loot. With the advent of massive malware networks and ransomware groups, both internal teams and security providers often find themselves overwhelmed by the number and diversity of attacks. No single unit can detect all relevant threats and stop them before they damage valuable data or infrastructure.
Cyber-attacks and threat actors have become more numerous and more sophisticated, creating new threats that lurk unseen, ready to wreak havoc on Security Operations Centers. The stakes are high: cybercrime costs climbed 12% last year to $13 million per company.
The enterprise environment has changed drastically over the past couple of years, with organizations relying on both physical and virtual environments deployed either in private or public clouds to improve service availability or boost business capabilities.
CIOs and CISOs unanimously agree that IT departments need beefed-up security with solutions that can not only cope with an ever-increasing number of threats, but also integrate with existing infrastructure to minimize both deployment and performance impact.