A catastrophic cyber attack could generate up $121 billion of economic losses, according to a report by cyber insurance company Lloyd's of London, cited by Reuters.
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Some 75 percent of US CISOs state the worst consequences of an attacker gaining access to their companies’ most valuable asset would be the financial cost and reputational damage. However, few say the financial cost could lead to bankruptcy 35%.
More than a third of IT execs in Italy say bankruptcy could be the worst consequence of an advanced persistent threat (APT), according to a recent survey by security firm Bitdefender.
German IT execs perceive competitors as the main interested parties that could target their organisations, according to a recent survey by security firm Bitdefender.
Attackers are now targeting small and medium businesses to extort higher fees, a Bitdefender survey shows, meeting the company’s predictions for 2017.
More than two-thirds (71 percent) of IT security decision makers in France say their companies could ‘definitely’ be a target of cyberespionage campaigns using advanced persistent threats (APTs), according to a recent survey by security firm Bitdefender. These complex cyber tools are crafted for high-profile entities and operate by silently gathering sensitive data over long periods. Another 27 percent of respondents say their IT infrastructure could ‘possibly’ be targeted in high-level cyberespionage actions that exfiltrate intelligence systematically.
Companies care most about information related to clients (i.e. credit cards, demographics, contracts) and employees (i.e. income, salary, service fees, contact information, stakeholders), research data about new products and competition, and financial information, as shown in a Bitdefender survey of more than 500 IT decision makers.
Hybrid infrastructures, a mix of public cloud services and privately owned data centers, have become the major architecture in the enterprise environment. Most companies choose to virtualize more hardware by substituting it with less expensive and more versatile software, as shown in a Bitdefender survey of more than 500 IT decision makers. US IT decision makers say hybrid environments allow more flexibility and room for expansion, while they also increase productivity and security.
• Reputational, financial costs seen as worst consequences of APTs
• IT execs perceive competitors as the main interested parties that could target their organisations
• Most companies have an incident response plan for advanced persistent threats, but underestimate the complexity of targeted attacks
We’re getting to the point where it’s nearly impossible to differentiate between “IT infrastructure” and “cloud.” Organizations continue to shift data and workloads to cloud services, whether they’re private clouds that have emerged from virtualized data centers, private cloud services from a vendor or hosted public clouds offered by service providers.
A recent Bitdefender survey shows that trust is vital when companies choose a cloud provider. Most respondents place greater trust in suppliers from their own country.
Some 34 percent of companies in the US were breached in the past 12 months, and 74 percent of the victims don’t know how it happened, shows a Bitdefender survey of IT execs