Cybercrime alert, that is high alert on digital crimes. I'm throwing it Bt and Kpmg with their report showing that only a fifth of IT managers of large multinationals are convinced that their organization is fully prepared against the threat of cybercrime. The vast majority of companies feel constrained by regulations, available resources, and dependency on third parties when responding to attacks.
The time has therefore come to “Take the offensive – Working together to stop digital crime”, argue the two promoters of the report. Here's the data to start with: Today, while 94 percent of Information Technology (IT) decision-makers are aware that criminals take steps to blackmail and bribe employees in order to gain access to organizations, about half (47 percent) admit they don't have a strategy in place to prevent it.
The report also notes that 97 percent of respondents suffered a seizure, and that half of them have reported an increase in the last two years. At the same time, 91 percent of respondents believe they face difficulties defending against digital attacks; many cite regulatory hurdles, and 44 percent say they are concerned about reliance on third parties for aspects of their responsiveness.
Mark Hughes, CEO of Security, BT, said: “The XNUMXst century cyber-criminal is a ruthless and efficient 'entrepreneur' supported by a highly developed and rapidly evolving black market. A new approach to digital risk is needed. Companies need not only to defend themselves against cyber attacks, but also to create problems for the criminal organizations that launch them. They should certainly work more closely with law enforcement agencies, as well as partners in the cybersecurity market." “It is time to think about cyber risk in a different way – added Paul Taylor, UK Head of Cyber Security, KPMG – abandoning the simple concept of hackers and recognizing that our businesses are targeted by unscrupulous criminal entrepreneurs who have a business plan and have extensive resources – and who are involved in fraud, extortion or theft of valuable intellectual property”. We therefore need a change of pace “and consider how cybersecurity, fraud control, and business resilience can work together to prevent and address these threats. If we proceed in this way, cyber security can become a primary corporate strategy, an essential component for doing business in the digital world".
The BT-KPMG Report cites a broad set of Security Directors from well-known global organizations and lists examples of the many forms of criminal attacks they have incurred, including different types of malware or phishing attacks. It also describes the business models favored by criminals and the black market of which they are a part, whether they carry out high-end targeted attacks on the financial system or attacks on high-income businesses and individuals, or even massive attacks that can affect us all.
BT and KPMG will engage with large organizations around the world to discuss their joint research evidence and to jointly evaluate the changes that need to be implemented. The report is available for download.
