Cybercriminals can attack any organization that's an easy target

We can’t deny the fact that the cybercriminals could attack any organization that's an easiest job, and we have seen both midsize and large organizations being attacked equally. It has found that 97% of the organizations suffered Cyberattack in the past one year. A report underlines, an average of 375 threats per minute in the first quarter of 2020. What started as a trickle of phishing campaigns quickly turned into thousands of malicious URLs.

Insider threats are one of the top ten threats faced by organizations today, An insider threat is caused by a current employee, former employee, business associate or any other person within an organization who has or had authorized access to an organisation’s network, system, or data and therefore could harm the business. General perception is that insider threat comes from rogue employees with malicious intent, however most organizations fail to realize that not all insider threats are intentional. Some of the employees could be posing an insider threat due to their ignorance or negligence.

The recent “Work From Home” (WFH) mode of functioning without adequate security preparation. This sudden and massive shift has exposed loopholes in the organizations' security systems. According to recently published survey results by IBM Security, “53% of employees are using their personal laptops and computers for business operations while they work from home, however 61% have also conveyed that their employer haven’t provided tools to properly secure those devices.

It is imperative to take necessary preventive measures in order to protect against them. Dealing with insider threats requires a different strategy than the regular cybersecurity measures because their inherent nature is different. The IT security team needs to carefully manage the extremely sensitive insider threats during this crisis as many employees have several concerns and need support as well as protection by organizations.

Today’s cybersecurity professionals are contending with an entirely new type of network and an entirely new set of security needs - now more than ever, they need a new way to keep users, data, and devices safe from threats. Cyber criminals, threat actors, hackers-they know cyber crime pays. Your data and technology, stored in networks and the cloud, are vulnerable. And although the tactics, targets and technology of attacks are all important, your most powerful defense against cyber crime is to understand threat actors.

IT professionals are increasingly asked to do more with less and 74% of professionals say the shortage of skilled cybersecurity team members has an impact on their organization. Attackers are getting smarter, faster, and harder to catch. Ransomware in particular has grown into a billion-dollar industry as targeted attacks become more frequent. According to Cyber Security Ventures, a new organization will fall victim to ransomware every 11 seconds by 2021.

Last but not the least, about 97% of organizations in India said they suffered a cyber- attack in the last 12 months. And almost three-quarters of them expect that to increase. So we know this continues to be a challenge across all of the organizations.