In grew to 97.25%. PhishMe 2016 Q3 Malware Review

In the age of mobility, modern
companies are continuously being exposed to Cybersecurity with the average
cost of a breach in South Africa at R32 million and  global ransomware damages set to exceed $5
billion.

See the numbers
behind the threats companies faced in the past year:

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1. Ransomware

Ransomware is currently many hacker’s preferred
method of attack—and it’s often the most elusive, making even the most
sophisticated IT security systems ineffective.

According to think-tank Cybersecurity Ventures,
the number of global ransomware attacks on businesses in the last two
years are up 15X—with damages predicted to exceed $5
billion.  

To put that into perspective, the FBI reports that more than 4,000 ransomware attacks occur per
day, a 300% increase from 2015.

 

 

 

2.
Employee Security Risk

Despite organization’s best attempts at education,
employees continue to create business security risk.

Increasing number of employees working remotely,
using “bring your own” mobile devices (BYOD) and networks (BYON), and poor
password habits has become one of the greatest vulnerabilities.

Cisco reports that Wi-Fi and mobile devices
will make up two-thirds of internet traffic by 2020,
and the number of IoT devices will increase from 16.3 billion to 26.3 billion
during that time.

Cybersecurity systems are designed to alert security
teams of suspected threats—but where employees’ actions and private
devices are concerned, relying on standard Cybersecurity systems alone may not
be enough to ensure an effective response.

 

3. Malware

In Q3, 2016 alone,
18 million new malware samples were captured.

Panda Labs

That’s an average of 200,000 per day! Malware continues to grow
and evolve to bypass your
antivirus and other levels of protection, which makes it hard for
your IT team, your vendors, and your company to keep up.

 

4.
Phishing

The amount of
phishing emails containing a form of ransomware grew to 97.25%.

PhishMe 2016 Q3
Malware Review

Phishing emails have continued
to grow as an attack method for ransomware. PhishMe reported that a shocking
92% of phishing emails they collected containing ransomware in the first
quarter of 2016. But their findings from Q3 2016 pushed the number even further
to 97.25%.

 

 

 

 

 

5. Overconfident Users

78% of people claim
to be aware of the risks of unknown email links and yet click them anyway.

Friedrich-Alexander
University (FAU)

 

 

Perhaps most startling was a study by Friedrich-Alexander University
(FAU),
where  78 percent of participants stated that
they were aware of the risks of unknown email links and
of their computer becoming infected with a virus, but clicked the link anyway!

The top reason people said that they clicked? Curiosity! See examples
of the emails that were sent in this Business Insider article.

 

All Is Not Lost

If all these
Cybersecurity facts have left you feeling overwhelmed, Niel Malan, Head of Nimbus
Digital’s Cyber Security Division advises, “Start by identifying
your most valuable assets and protect those.”

“Begin with the data
that, if it were stolen, would put you out of business.”

Malan reminds us, “At the
end of the day, cyber security is not just about stopping security breaches from
happening. It’s about putting security measures in place that allow you to run
your business with consistency, continuity and confidence.”

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