Intelligent CISO Issue 58 | Page 18

cyber trends
ACRONIS HAS RELEASED ITS CYBERTHREATS REPORT WHICH DELVES INTO THE CYBERTHREAT LANDSCAPE – IN PARTICULAR , RANSOMWARE THREATS , PHISHING , MALICIOUS WEBSITES , SOFTWARE VULNERABILITIES AND A SECURITY FORECAST FOR THE MONTHS AHEAD .
cronis , a global

A leader in cyber protection , released its latest cyberthreats and trends report for the second half of 2022 which found that phishing and the use of MFA fatigue attacks – an extremely effective method used in high-profile breaches – are on the rise . Conducted by Acronis ’ Cyber Protection Operation Center , the report provides an in-depth analysis of the cyberthreat landscape including ransomware threats , phishing , malicious websites , software vulnerabilities and a security forecast for 2023 .

Of note , the report found that threats from phishing and malicious emails have increased by 60 % and the average data breach cost is expected to reach US $ 5 million this year . The research team who authored the report also saw social engineering attacks jump in the last four

Acronis finds average cost of data breaches expected to surpass US $ 5 million per incident this year

months , accounting for 3 % of all attacks . Leaked or stolen credentials , which allow attackers to easily execute cyberattacks and ransomware campaigns , were the cause of almost half of reported breaches in H1 2022 .
“ The last few months have proven to be as complex as ever – with new threats constantly emerging and malicious actors continuing to use the same proven playbook for big payouts ,” said Candid Wüest , Acronis VP of Cyber Protection Research . “ Organisations must prioritise all-encompassing solutions when looking to mitigate phishing and other hacking attempts . Attackers are evolving , using some of the tools , like MFA , that we rely on to protect our employees and businesses against us .”
Middle East and Africa cybersecurity landscape
As the Middle East region continues to grow its digital ecosystem , solid cybersecurity strategies remain a top priority on the back of heightened data breaches . According to security analysts , breaches reported in the Kingdom of Saudi Arabia , for example , could reach an average of US $ 7 million
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