Intelligent CISO Issue 32 | Page 7

Average damage caused by banking fraud amounts to US $ 54 per incident
A survey , more than half of users ( 53 %) in the United Arab Emirates ( UAE ) faced banking fraud at least once in the first half of 2020 . In most of the cases ( more than 85 %) the banking fraud occurred via the phone , while the calls were received mainly during business hours from Monday to Thursday , from 11am to 6pm .
ORGANISATIONS ARE NEVER THE SAME AFTER BEING HIT BY RANSOMWARE , ACCORDING TO SOPHOS GLOBAL SURVEY
S cybersecurity , has announced the findings of its global survey , Cybersecurity : The Human Challenge , which reveals that organisations are never the same after being hit by ransomware . In particular , the confidence of IT managers and their approach to battling cyberattacks differ significantly depending on whether or not their organisation has been attacked by ransomware .
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Average damage caused by banking fraud amounts to US $ 54 per incident

ccording to a Kaspersky

A survey , more than half of users ( 53 %) in the United Arab Emirates ( UAE ) faced banking fraud at least once in the first half of 2020 . In most of the cases ( more than 85 %) the banking fraud occurred via the phone , while the calls were received mainly during business hours from Monday to Thursday , from 11am to 6pm .

More than half ( 68 %) of people in the UAE realised immediately that scammers were trying to contact them and ( 32 %) grasped that they were being scammed only when they opened the link . Scammers targeted most of these people ( 87 %) through their personal emails .
Fraudsters are seriously preparing for such calls and are actively using social engineering methods .
According to the Kaspersky findings , in 36 % of cases , they mentioned the correct name and surname of the person whom they called and in 25 % of cases they even knew bank card credentials . The most common myths were the need to confirm the data ( 70 %), information about the banking card blocking ( 77 %) and the loan offer
( 72 %). In almost a third of the cases ( 38 %), the criminals were trying to get a code from SMS or card data and in every third case ( 32 %) they tried to convince a person to transfer money to an allegedly secure account .

ORGANISATIONS ARE NEVER THE SAME AFTER BEING HIT BY RANSOMWARE , ACCORDING TO SOPHOS GLOBAL SURVEY

ophos , a global leader in next-generation

S cybersecurity , has announced the findings of its global survey , Cybersecurity : The Human Challenge , which reveals that organisations are never the same after being hit by ransomware . In particular , the confidence of IT managers and their approach to battling cyberattacks differ significantly depending on whether or not their organisation has been attacked by ransomware .

For instance , IT managers at organisations hit by ransomware are nearly three-times as likely to feel ‘ significantly behind ’ when it comes to understanding cyberthreats , compared to their peers in organisations that were unaffected ( 17 % versus 6 %). This compares to 8 % for the UK .
More than one-third ( 35 %) of ransomware victims said that recruiting and retaining skilled IT security professionals was their single biggest challenge when it comes to cybersecurity , compared with just 19 % of those who hadn ’ t been hit . In the UK , 14 % felt this way .
When it comes to security focus , the survey found that ransomware victims spend proportionally less time on threat prevention ( 42.6 %) and more time on response ( 27 %) compared to those who haven ’ t been hit ( 49 % and 22 % respectively ), diverting resources towards dealing with incidents rather than stopping them in the first place .
The proportions for the UK were 47.55 % prevention and 23.53 % response . www . intelligentciso . com
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