Sponsored IT security leaders say they are ill-prepared for a cyber attack and believe that human error and a lack of security awareness are major risk factors for their organisations, according to a series of reports and surveys from cybersecurity vendor Proofpoint. But there are some marked variations in both the rates and the types of cyber attack between the regions surveyed.
It’s a dynamic attack landscape: in the DACH countries of Germany, Austria and Switzerland 67 per cent of IT security leaders say they have suffered at least one attack in the last 12 months, while in Benelux 72 per cent of respondents say their business has suffered at least one cyber attack in the same time period. In Sweden 59 per cent of businesses have been attacked at least once, while in the UAE the figure is much higher at 82 per cent - with 51 per cent of IT security leaders in the UAE saying their business has been targeted multiple times.
Whatever form they take, the fall-out from a cyber attack can be devastating for the organisations involved – the World Economic Forum estimates that, between 2019 and 2023, $5.2 trillion in global value will be at risk from malicious actors. And the financial impact of attacks can be far-reaching, encompassing lost revenues, reputational damage, downtime, legal fees, compensation and remediation.
Business email compromise
Email fraud via business email compromise, where an attacker gains access to an email account ad spoofs the owner is on the rise, according to Proofpoint. This can prove expensive: an FBI report estimates that total worldwide losses from business email compromise were $1.7 billion last year.
The most common type of cyber attack varies around the regi ..
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