Week 4 of NCSAM and its time for some awareness on Cybercrimes!!

 

With the continuous increase of cybercrimes, nearly every enterprise is affected in some way. PricewaterhouseCoopers (PWC) recently conducted a survey on the Cybercrimes in the US. The survey revealed the following:

  • Organizations are not well-informed about the kind of cyber-attacks and threats they are prone to.
  • Organizations are unknowingly increasing their vulnerabilities due to their increased social media collaboration.
  • Identifying IT assets that are vulnerable to security risks is becoming more complex.

 

Also, the costs resulting from cybercrimes in 2013 are higher than ever.  Ponemon Institute conducted an annual study of American companies and found that cybercrime’s annualized cost for a company is on average, about $11.56 million, a 26% increase over the average cost in 2012. It was observed that 55% of the total attacks were Denial of Service (DoS) attacks, internal information theft, and other Web-based attacks.

 

Know what’s happening on your network

If you want to shield your network against cyber threats, the first thing you need to know is what’s happening on your network. There is always a hunt for sensitive and personal information like credit card and social security numbers and patient records. Therefore, it is important to guard your network against various kinds of attacks like viruses, Trojans, malware, botnets, Web-based attacks, DoS attacks, malicious codes, phishing attempts, and many more.

 

The purpose of having an IT security workforce in place is to be proactive toward security issues. Here are few steps you can take to reduce the potential risks of cyber-attacks:

  • Monitor your systems and devices in your network. By doing this, you can create a baseline for your network behavior and identify anomalies. SIEM tools can help you do this by collecting and correlating logs from various devices in your network and provide you with actionable intelligence.
  • Ensure that all your systems are updated with the latest patches. Patch management plays a key role in managing vulnerability.
  • Manage your firewalls with appropriate rules and filters and prevent unauthorized configuration changes.

 

For more on potential risks within your corporate network, check out the Cybercrime Section on the NCSAM page!!

 

Comparing Q2 2012 to Q2 2013, there has been a 33% increase in the number of cyber-attacks. And based on the number of DoS attacks in the last two years, the data-center operator and cloud services provider IPC predicts even more of an increase in cyber-attacks in 2014.

 

It is always better to take precautionary measures against cyber-attacks than repairing the damage.  Are you properly securing your network today?