New research reveals that the number of cyber attacks on the government sector doubled from 7% in 2015 to 14% in 2016
New research reveals that cyber attacks on the government sector doubled in 2016, hiking to 14% from 7% of all cybersecurity attacks in 2015. Attacks on the finance sector also rose dramatically from just 3% in 2015 to 14% of all attacks in 2016. The manufacturing sector came in at third place at 13%, while the retail sector, which topped the list of all cybersecurity attacks on all sectors in 2015 moved down into fourth place (11%).
This is according to the Executive’s Guide to the NTT Security 2017 Global Threat Intelligence Report, which was compiled from data collected by NTT Security and other NTT operating companies including Dimension Data, from the networks of 10,000 clients across five continents, 3.5 trillion security logs, 6.2 billion attempted attacks, and global honeypots and sandboxes located in over 100 different countries.
Matthew Gyde, Dimension Data’s Group Executive – Security said, “Governments all over the world are constantly under the threat of sophisticated attacks launched by rival nation-states, terrorist groups, hacktivists, and cyber criminals. That’s because government agencies hold vast amounts of sensitive information – from personnel records, budgetary data, and sensitive communications, to intelligence findings. What’s interesting is that this year we saw numerous incidents involving insider threats
Commenting on the financial services industry, Kiran Bhagwanani, CEO – Dimension Data India Pvt. Ltd. said, “The ongoing attacks in the financial services industry are no surprise. These organisations have large amounts of digital assets and sensitive customer data. Gaining access to them enables cybercriminals to monetise personally identifiable information and credit card data in the underground economy.
63% of all cyberattacks originated from IP addresses in the US, followed by the UK (4%), and China 3%. India with 1% was 12th in the list of nations. The US is the predominant location of cloud-hosted infrastructure globally. Threat actors often utilise public cloud to orchestrate attacks due to the low cost and stability of this infrastructure.
The Internet of Things (IoT) and operating technology (OT) devices must be considered as both a potential source and target of attack. Of the IoT attacks detected in 2016, some 66% were attempting to discover specific devices such as a particular model of video camera, 3% were seeking a web server or other type of server, while 2% were attempting to attack a database.
Globally, 32% of organisations had a formal incident response plan in 2016. This is up from an average of 23% in previous years. This is an encouraging trend which indicates that businesses are realising that being prepared and having a tested response plan, coupled with actionable threat intelligence, can limit the impact of a breach, while also supporting clear business justification for that plan.
In 2016, over 60% of incident response engagements in which we were involved were related to phishing attacks. There was an increase in malware in incident response engagements. Malware includes various types of malicious software including ransomware, bot droppers, and payloads. Incident engagements related specifically to ransomware were the most common (22%). An increase in DDoS engagements in 2016 as compared to 2015 was also observed.
