JOHANNESBURG, South-Africa, April 10, 2014/African Press Organization (APO)/ — After lurking in the shadows for the first ten months of 2013, cybercriminals unleashed the most damaging series of cyberattacks in history. Symantec’s Internet Security Threat Report (ISTR) (http://www.symantec.com/security_response/publications/threatreport.jsp), Volume 19, shows a significant shift in cybercriminal behavior, revealing the bad guys are plotting for months before pulling off huge heists – instead of executing quick hits with smaller rewards.
Download the infographic: http://www.apo-mail.org/140409.pdf
Logo: http://www.photos.apo-opa.com/plog-content/images/apo/logos/symantec-1.png
“One mega breach can be worth 50 smaller attacks,” said Sheldon Hand, regional manager for Rest of Africa, Symantec (http://www.symantec.com). “While the level of sophistication continues to grow among attackers, what was surprising last year was their willingness to be a lot more patient – waiting to strike until the reward is bigger and better.”
In 2013, there was a 62 percent increase in the number of data breaches from the previous year, resulting in more than 552 million identities exposed – proving cybercrime remains a real and damaging threat to consumers and businesses alike.
“Security incidents, managed well, can actually enhance customer perceptions of a company; managed poorly, they can be devastating,” wrote Ed Ferrara, VP and principal analyst, Forrester Research. “If customers lose trust in a company because of the way the business handles personal data and privacy, they will easily take their business elsewhere.” (1)
Defense is Harder than Offense
The size and scope of breaches is exploding, putting the trust and reputation of businesses at risk, and increasingly compromising consumers’ personal information – from credit card numbers and medical records to passwords and bank account details. Each of the eight top data breaches in 2013 resulted in the loss of tens of millions of data records. By comparison, 2012 only had a single data breach reach that threshold.
“Nothing breeds success like success – especially if you’re a cybercriminal,” said Hand. “The potential for huge paydays means large-scale attacks are here to stay. Companies of all sizes need to re-examine, re-think and possibly re-architect their security posture.”
Targeted attacks were up 91 percent and lasted an average of three times longer compared to 2012. Personal assistants and those working in public relations were the two most targeted professions – cybercriminals use them as a stepping stone toward higher-profile targets like celebrities or business executives.
For information on steps businesses and consumers can take to better protect themselves – whether it be from a mega data breach, targeted attack or common spam, click here: http://www.symantec.com/security_response/publications/threatreport.jsp.
(1) New Research: CISOs Need To Add Customer Obsession To Their Job Description, Ed Ferrara Forrester Research, Inc. Blog Post, March 2014
Distributed by APO (African Press Organization) on behalf of Symantec Corporation.
CONTACT:
Katie Beck
Symantec
+971 553006122
katie_beck@symantec.com
About Symantec
Symantec Corporation (NASDAQ: SYMC) (http://www.symantec.com) is an information protection expert that helps people, businesses and governments seeking the freedom to unlock the opportunities technology brings – anytime, anywhere. Founded in April 1982, Symantec, a Fortune 500 company, operating one of the largest global data-intelligence networks, has provided leading security, backup and availability solutions for where vital information is stored, accessed and shared. The company’s more than 20,000 employees reside in more than 50 countries. Ninety-nine percent of Fortune 500 companies are Symantec customers. In fiscal 2013, it recorded revenues of $6.9 billion. To learn more go to http://www.symantec.com or connect with Symantec at: http://go.symantec.com/socialmedia.
NOTE TO U.S. EDITORS: If you would like additional information on Symantec Corporation and its products, please visit the Symantec News Room at http://www.symantec.com/news. All prices noted are in U.S. dollars and are valid only in the United States.
Symantec and the Symantec logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners.
FORWARD-LOOKING STATEMENTS: Any forward-looking indication of plans for products is preliminary and all future release dates are tentative and are subject to change. Any future release of the product or planned modifications to product capability, functionality, or feature are subject to ongoing evaluation by Symantec, and may or may not be implemented and should not be considered firm commitments by Symantec and should not be relied upon in making purchasing decisions.
Did you find this information helpful? If you did, consider donating.