Intelligent CISO Issue 53 - Page 56

Verizon Mobile Security Index : The shift to remote work sees major rise in cybercrime

intelligent MOBILE SECURITY
he increase in remote working

T has resulted in an increase in vulnerability for companies protecting themselves from cyberattacks . The Verizon Mobile Security Index ( MSI ) 2022 reveals that there is a continued rise in major cyberattacks in the last year involving a mobile / IoT device , up 22 % year-over-year , that resulted in data or system downtime . With 85 % of companies surveyed stating that they now have a budget dedicated to mobile security , there has never been a more pressing need to apply those funds to cyberthreat mitigation .

Security teams face an uphill battle as the number of devices and remote workers increase , so much so that 79 % of respondents agreed that the recent changes to working practices have adversely affected their organisation ’ s cybersecurity . With the increased threat , it would seem that companies would double down on their policies . However , the findings point to the opposite , with 85 % saying home Wi-Fi and cellular networks / hotspots are allowed or there is no policy against them and 68 % allow or have no policy against the use of public Wi-Fi .
The MSI details four sectors of the mobile threat landscape : people and behaviours , apps , devices and things , and networks and cloud . Additionally , it provides expert insights into how to help safeguard against pending cybercrime attacks , such as establishing a Zero Trust Network Access ( ZTNA ) model and a Secure Access Service Edge ( SASE ) architecture , which are designed for a mobile-first and cloud-first world .
The report also highlights the impact of cybercrime on mobile security across various business sectors . Highlights are as follows :
• Enterprise : 23 % of respondents suffered a mobile security compromise . Of those , 74 % said the impact of the mobile security compromise was major and over a third ( 34 %) said it had lasting repercussions . Furthermore , 81 % of organisations said their mobile device security spend increased over the past year and 76 % believe it will increase over the coming year .
• Retail : Almost nine out of 10 ( 88 %) businesses are concerned that a
mobile security breach could have a lasting impact on their brand or customer loyalty . However , 70 % said that increased mobile use is essential to staying relevant to consumers , while 41 % said this presented a daunting security challenge .
• Financial services : More than nine out of 10 ( 93 %) executives believe cybercriminals see their sector as a more lucrative target than other industries .
• Healthcare : Nearly nine out of 10 ( 87 %) healthcare organisations are concerned that the highly confidential nature of patient data makes them a target for cybercriminals and 85 % say they are concerned that a security breach could compromise patient care . Conversely , three out of four ( 76 %) organisations agree that the adoption of telehealth presents healthcare providers with a great opportunity to improve patient care .
• Manufacturing , construction and transportation : Four out of five ( 79 %) believe a mobile security compromise could disrupt their entire supply chain , resulting in serious financial implications . However , 76 % of organisations agree that the adoption of mobile-based services by shop floor workers is essential to improving productivity .
• Public sector and education : Almost nine out of 10 ( 87 %) said that employee expectations for remote / flexible working is forcing them to reevaluate how they operate . Another 72 % of respondents agreed that the increased use of mobile-based services by public sector employees is essential to accelerating the Digital Transformation of public services . u
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