Intelligent CIO Europe Issue 19 | Page 24

TRENDING “ WE ARE PRIVILEGED TO INCLUDE DATA FROM MORE CONTRIBUTORS THIS YEAR THAN EVER BEFORE AND HAD THE PLEASURE OF WELCOMING THE FBI INTO OUR FOLD FOR THE VERY FIRST TIME. 24 INTELLIGENTCIO “Technical IT hygiene and network security are table stakes when it comes to reducing risk. It all begins with understanding your risk posture and the threat landscape so you can develop and action a solid plan to protect your business against the reality of cybercrime. Knowledge is power and Verizon’s DBIR offers organisations large and small a comprehensive overview of the cyberthreat landscape today so they can quickly develop effective defence strategies.” A successful pretexting attack on senior executives can reap large dividends as a result of their – often unchallenged – approval authority, and privileged access into critical systems. Typically, time-starved and under pressure to deliver, senior executives quickly review and click on emails prior to moving onto the next (or have assistants managing email on their behalf), making suspicious emails more likely to get through. The increasing success of social attacks such as business email compromises (BECS – which represent 370 incidents or 248 confirmed breaches of those analysed), can be linked to the unhealthy combination of a stressful business environment combined with a lack of focused education on the risks of cybercrime. This year’s findings also highlight how the growing trend to share and store information within cost-effective cloud-based solutions is exposing companies to additional security risks. Analysis found that there was a substantial shift towards compromise of cloud-based email accounts via the use of stolen credentials. In addition, publishing errors in the cloud are increasing year-over- year. Misconfiguration (‘Miscellaneous Errors’) led to a number of massive, cloud- based file storage breaches, exposing at least 60 million records analysed in the DBIR dataset. This accounts for 21% of breaches caused by errors. Bryan Sartin, Executive Director of Security Professional Services at Verizon, commented: “As businesses embrace new digital ways of working, many are unaware of the new security risks to which they may be exposed. They really need access www.intelligentcio.com