How big a threat is cyber crime? Pretty big, finds Kroll.
The company, a provider of risk solutions, earlier this year commissioned Forrester Research to interview online 545 senior executives worldwide in a wide range of industries. About 60 percent of the respondents work for large companies, those with annual revenue above $500 million. And 70 percent hold senior positions in the C-suite.
Kroll published its findings last week in a report, “Building Resilience in a Volatile World.” Here’s your solution provider’s summary:
> 85% of executives said their organizations had experienced a cyberattack or information theft, loss or attack in the last 12 months. Kroll calls this figure “astounding.”
> 74% of those who experienced a cyber incident also said that, as a result, customer privacy, safety or satisfaction was either somewhat or strongly affected.
> The most common type of cyber incidents were viruses and worms, cited by 33 percent of respondents. Other common types of incidents included phishing attacks (cited by 26%); data deletion or loss due to system issues (24%); and data breaches resulting in loss of customer or employee data (23%).
> Multiple attack vectors are common. Respondents said cyberattacks against them used software vulnerability (cited by 26%); employee error or accident (22%); and their own company websites (22%).
> Ex-employees are the most common perpetrators of cyberattacks, cited by 20 percent of respondents. They were followed by freelancers and temporary employees (cited by 14% of respondents); agents and intermediaries (13%); and permanent employees (10%).
> Cyber risk-mitigation tactics are led by security assessments, cited by 76 percent of respondents. Other popular mitigation approaches include cyber policies and procedures (cited by 74%); cybersecurity training (72%); restrictions on installing software on company devices (72%); and the use of intrusion-detection systems (72%).
> By industry, manufacturing has seen the biggest increase in cyber fraud, according to 91 percent of respondents in that industry. Other industries reporting large increases in cyber fraud include were also reported by financial services (cited by 89%); transportation, leisure and tourism (87%); and healthcare, pharma and biotech (86%).
If your clients are anything like the respondents to the Kroll survey, they urgently need your help with cybersecurity. Let’s get to work!