Charles Leaver Writes:
In a report it was revealed that breaches of consumer data implies that there are more and more identity thefts being performed these days. This is extremely worrying for all of us.
The report was conducted by the National Consumers League and it reveals that in the year 2013, around 33% of consumer data breaches caused identity fraud, and this means that the figure has actually tripled since the year 2010. This worrying rise can be explained by some clear factors. Cyber bad guys are using a lot more sophisticated methods now and there is an absence of cyber attack laws that force companies to reveal when they have had an attack. To make matters worse there are not many companies utilizing endpoint detection and response systems to secure their data. All of this means that we are entering a climate where customers are discovering that their data is constantly under attack by deceitful hackers.
John Breyault, who is a member of the National Consumers League, specified that cyber attack breach legislation like the one operating in California can help with the minimization of breach fall outs by mandating the companies that have been infiltrated to rapidly get the word out.
He went on to state that after a breach prompt notice is needed so that people can perform a “harm analysis” once they learn about a breach. This is everyone’s right and at the moment the kind of issue that would set a notification in motion remains really broad.
Sadly, it is not just identification theft that is under the spotlight. Another report highlighted that malware is now more widespread than it ever was.
Every Third Computer Has A Malware Infection Revealed In A Report
The Anti Phishing Workers Group released a report specifying that malware was likely to be present in up to a third of the computer systems across the world by the last quarter of 2013. This is a considerable increase when compared with the previous quarter says Tech News World. The technical director of a security lab that examines cyber attacks, Luis Corons, said that brand-new malware strains are being developed at a very fast pace and that malware infections could rise even further.
He mentioned that the development of brand-new malware samples has just escalated and it has doubled from the last quarter of 2013 to the first quarter of 2014.
The findings of these two reports highlights that there is no space for complacency in organizations when it pertains to security. Every organization needs to sure up its endpoint detection and response systems or face the fact that a cyber attack is significantly more likely to be coming their way.