Subj : Half of businesses report an increase in state-sponsored cyber th
To   : All
From : TechnologyDaily
Date : Mon Jul 29 2024 14:15:05

Half of businesses report an increase in state-sponsored cyber threats amid 
rising geopolitical tension

Date:
Mon, 29 Jul 2024 13:00:48 +0000

Description:
State-sponsored attacks are on the rise, and CISOs are worried about their 
jobs.

FULL STORY
======================================================================

In the past 12 months, almost half of enterprises in the United Kingdom (47%) 
were attacked by an increasing number of state-sponsored threat actors. This 
is according to  A Look at Cyber Resilience and Security Across the United 
Kingdom , a new research paper published recently by cybersecurity experts 
Absolute. 

Surveying 250 UK CISOs for the report, Absolute found that 48% of firms were 
struck by a ransomware attack in the past year. Furthermore, more than 
two-thirds (69%) said the financial loss from a successful ransomware attack 
could cripple their enterprise. 

All of this has made ransomware the enterprises biggest cybersecurity concern 
for 80% of the respondents. But CISOs are not just worried about the 
enterprises they are working for, they are also worried about themselves. 
Almost two-thirds (62%) said they could lose their job if their enterprise 
suffered a major successful ransomware attack. Ignoring the NCSC 

One would think that in such a climate, enterprises would be doing all they 
can to remain secure and prevent ransomware attacks from happening, yet the 
report found more than a third (35%) completely ignoring the National Cyber 
Security Centres (NCSC) cyber guidance. 

Whats more, two-thirds (64%) said the UK has a poor cyber-resilience strategy 
which does not define clear response policies to recover from cyber breaches. 
Ultimately, 43% admitted their cybersecurity teams havent been given enough 
budget to keep their enterprise thoroughly protected. 

State-sponsored attackers are not the only ones increasing the volume of 
attacks in recent times. New reports are suggesting that cyberattacks are 
rising across the board, with the average organization now experiencing 1,636 
attacks every week, according to Check Point Research. These are mostly 
ransomware and Business Email Compromise (BEC) attacks, and they are up 25% 
between Q1 and Q2, 2024. 

This relentless onslaught of attacks, as CPR describes it, is mostly driven 
by the growing sophistication and persistence of threat actors, since 
Artificial Intelligence (AI) and Machine Learning (ML) gave even low-level 
threat actors the tools usually reserved only for the biggest and most 
dangerous of groups. More from TechRadar Pro Cyberattacks are more common 
than ever - and these are the fields being hit the most Here's a list of the 
best firewalls today These are the best endpoint protection tools right now



======================================================================
Link to news story:
https://www.techradar.com/pro/security/half-of-businesses-report-an-increase-i
n-state-sponsored-cyber-threats-amid-rising-geopolitical-tension


--- Mystic BBS v1.12 A47 (Linux/64)
 * Origin: tqwNet Technology News (1337:1/100)

.