CYREN CyberThreat Report August 2016

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The CYREN CyberThreat Report for August 2016 has been released.

A recent Osterman Research survey conducted on behalf of Cyren found Phishing to be the top threat category for small- to medium- sized businesses (up to 3,000 employees). A staggering 43% of those businesses reported suffering a phishing breach in the last 12 months.

The reason for this dramatic rise is that phishing still continues to be a great way to make lots of money. Dealing proactively with security issues is simply too hard or too expensive for most organisations to deal with. It’s a decisions that is simply far to easy to put on the backburner in the hope that the problem will just go away. When there is a breach, which is almost a certainty, you simply look for someone else to blame. Unfortunatelly its in the DNA of most organisations to behaviour this way.

Cybercriminals realize this, and since the tools they need to pursue phishing attacks become less expensive over time, the opportunities are just too good to pass up. The Cybercriminals understand that obtaining sensitive, personal and financial information can then be resold on the black market or used directly for monetary gain.

In summary, its a win, win, win situation for Cybercriminals and Phishing is here to stay

Download The Report

Steven Lutrov
Steven Lutrov
Steven is a software engineer, managed services specialist and a part time musician living in Melbourne. Educated at RMIT Steven has worked extensively in the telecommunications and IT industry for over 25 years. Today Steven works for Net Solutions as CEO and does not mind getting his hands dirty.

2 Comments

  1. Cynthia says:

    So what should be done here since it’s too easy for cyber criminals to perform phishing scams and privacy invasion. ?? Do we need to rethink our approach in fighting cyber attacks?

    • Steven Lutrov says:

      The problem is so big now that we really must go back to education so that we can instil good practice. Small business owners need to lose their arrogance and understand the risks associated with being complacent in regards to security. Perhaps the government should introduce some compliance measures. Maybe offer tax incentives for businesses who can demonstrate taking proactive steps to address cybercrime. I have hope, but very little confidence as it is so difficult to get a breakthrough when talking to small businesses owners about this topic.

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