Impact of Cybercrime on Businesses revealed

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

 

Check Point has announced the results of a new survey revealing 65 per cent of organizations which experienced targeted attacks report the hacker's motivation was driven by financial fraud, and resulted in business disruption and the loss of sensitive information, including intellectual property and trade secrets. The report, The Impact of Cybercrime on Businesses, also showed companies reporting an average of 66 new security attack attempts per week, with successful incidents costing businesses anywhere from $100,000 to $300,000. 

"In the increasingly connected business scenario in India, employees often use and respond to requests and information that come online from both inside and outside the organization. This connectivity enables cybercriminals to make approaches to the employees from the relative anonymity of the Internet. As we become more adept in personal technology, our expectations for how we can use it at work have multiplied. At Check Point, we are committed to providing the highest level of protection to customers with products that are simple to deploy and manage at performance levels that are best in the industry," said Bhaskar Bakthavatsalu, Regional Director - India and SAARC, Check Point Software Technologies.

According to the survey, SQL injections were cited as the most serious types of attacks organizations had experienced in the last two years, and more than one-third of the respondents had each experienced APTs, botnet infections and DoS attacks. Following investigations of targeted threats, respondents reported the biggest consequences were a disruption to their business and the loss of sensitive data and intellectual property.

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