Boldness of cybercriminals leaves business intimidated
The increasingly sophisticated, bold and resilient behaviour of cybercriminals in their endeavours have left companies worldwide feeling more vulnerable to cyberattacks, with fewer than half of the organisations surveyed in Cisco’s latest ‘Annual Security Report’ confident in their network security applications and procedures.
The US-based information technology group’s 2016 survey found that cybercriminals had refined their back-end infrastructure and were tapping into legitimate resources to carry out efficient and profitable attacks, pitting businesses against security challenges that seemingly inhibited their ability to detect, mitigate and recover from common and professional cyberattacks.
Ageing infrastructure and outdated organisational structures and practices also placed them at risk, with the survey revealing that, between 2014 and 2015, the number of organisations that said their security infrastructure had to date dropped by 10%.
Flagging“In 2015, security executives showed lower confidence in their security tools and processes than they did in 2014. In 2015, 59% of organisations said their security infrastructure was very up to date. “In 2014, 64% said the same,” Cisco noted, pointing out that, in the face of more sophisticated threats, the confidence of security pro- fessionals appeared to be “flagging”.
South Africa was no different, with the country having the highest rate of cybercrime occurrences in Africa, as cybercriminals were becoming smarter and employing a number of personalised tactics, which placed businesses at greater risk, Cisco South Africa security solutions consulting systems engineer Greg Griessel said.
Understanding the current tactics employed by cybercriminals was an “absolute necessity”.
“The South African public and private sectors need to understand what they are up against and arm themselves before the worst- case scenario becomes a reality,” he said.
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