Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

New Era of Mega Breaches Signals Bigger Payouts and Shifting Behavior for Cybercriminals   Join our daily free Newsletter

MENAFN Press - 14/04/2014
No. of Ratings : 0
Add to Mixx!

(MENAFN Press) 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.pd

Logo: http://www.photos.apo-opa.com/plog-content/images/apo/logos/symantec-1.pn

"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 Offens

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.

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.



  MENA News Headlines
 Oct 4 2015 - Qatar might not need to hike interest rates: Central Bank governorGulf Times
(MENAFN - Gulf Times) Qatar, whose currency is pegged to the dollar, may not necessarily increase the interest rates, following an anticipated lift-off by the US Federal Reserve later this year; ...

 Oct 4 2015 - Jelaiha intersection opens to trafficGulf Times
(MENAFN - Gulf Times) The Jelaiha intersection was recently opened to traffic, the Public Works Authority (Ashghal) has announced. The opening constitutes Phase 1 of upgrading Al Khafji Street and ...

 Oct 4 2015 - FM lays stress on right to educationGulf Times
(MENAFN - Gulf Times) HE the Foreign Minister Dr Khalid bin Mohamed al-Attiyah has stressed the need to prioritise the right to education as millions of children around the world are still deprived ...

 Oct 4 2015 - Qatar- ASPIRE4SPORT event starts tomorrowGulf Times
(MENAFN - Gulf Times) ASPIRE4SPORT Congress and Exhibition 2015 is an exclusive two-day event and networking session opens in Berlin tomorrow. The event features a Global Summit related to football ...

 Oct 4 2015 - OIC must intensify efforts to face challenges: QatarGulf Times
(MENAFN - Gulf Times) The Organisation of Islamic Co-operation (OIC) must intensify its efforts in the face of challenges faced by people in Palestine, Syria, Iraq, Libya and Yemen as well to fight ...

 Oct 4 2015 - Qatar- Yaris and Corolla cars recalledTweetGulf Times
(MENAFN - Gulf Times) The Ministry of Economy and Commerce (MEC), in collaboration with Abdullah Abdulghani & Bros Co (AAB), has announced a recall of 2003-2007 Toyota Yaris and Corolla models due to ...

 Oct 4 2015 - Qatar- Meeting on women, crime preventionGulf Times
(MENAFN - Gulf Times) Qatar's Permanent Mission to the UN, in collaboration with Italy, Thailand, and the UN Office on Drugs and Crime (UNODC) hosted a meeting on "Women, Crime Prevention, Criminal ...

 Oct 4 2015 - Qatar- SEC renews school robotics programmeGulf Times
(MENAFN - Gulf Times) The Supreme Education Council (SEC) has signed a Memorandum of Understanding (MoU) with Maersk Oil Qatar (MOQ), the College of North Atlantic-Qatar (CNA-Q) and Qatar Petroleum ...

 Oct 4 2015 - Stars of Science shortlists innovators for 7th seasonGulf Times
(MENAFN - Gulf Times) Stars of Science, Qatar Foundation for Education, Science and Community Development (QF)'s "edutainment reality" TV programme on MBC4 that encourages science, technology and ...

 Oct 4 2015 - Qatar- QU college hosts delegates from LNG Japan, RasGasGulf Times
(MENAFN - Gulf Times) Qatar University College of Education (QU-CED) recently hosted a visit by a six-member delegation from LNG Corporation (LNG Japan) and RasGas Company Limited (RasGas).QU ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help