Wipro Launches State of Cybersecurity Report 2017
Study Finds Significant Rise in Cyber Security Threats due to Disruptive
Technology
by Shrutee K/DNS
East
Brunswick, New Jersey, USA and Mumbai, India – June 15, 2017: Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO),
a leading global information technology, consulting and business process
services company today announced the launch of its first ‘State of
Cybersecurity Report, 2017’ which highlights the macro, micro and meso
environmental trends in cybersecurity in 2016 and imminent disruptions that can
affect future trends.
The ‘State of Cybersecurity Report, 2017’ was
developed after interviewing the CISO teams of 139 organizations across various
industry sectors. The survey covered 11 countries in North America, Europe,
APAC, Middle East and South Asia to evaluate trends in current security
practices and analyzing thousands of attempted security attacks and incidents
captured in Wipro’s Cyber Defence Centres during 2016. A secondary research was
also done on impending disruptions in the cybersecurity domain. The report has
key takeaways for both executive management tasked by the board of respective
companies to minimize cyber risks and for the security analyst teams that are
battling daily attacks in various Security Operations Centres around the globe.
According to the report, 2016 saw an alarming 53.6%
increase in the number of records stolen across the globe as opposed to 2015. Data
breaches once made public, resulted immediately in high peaking of negative
sentiments on social media against the enterprise concerned, indicates the post
facto twitter sentiment analysis. 56% of breaches reported had user credentials
(passwords) as part of the types of data stolen, implying that further damage
could be perpetrated using the stolen data. Another finding of the report highlights that at
33.3%, angler was the most observed exploit kit. Angler, RIG, Nuclear were some
of the most common types of exploit kits used by cyber criminals.
According to the report, the Cyber Defence Center
(CDC) data analysis points out that 56% of all the malware attacks that have
taken place in 2016 were a result of Trojans. Likewise, viruses and worms
accounted for 19% and 20% respectively. Other types of malware threat
categories like PUA, adware and ransomware, together, though accounted for only
4% of attacks, often can lead to significant damages. The study found that majority of the security
products were themselves vulnerable to exploitation and CISOs will be required
to keep track of vulnerabilities in the security products themselves.
Interestingly, emergence of new Internet of
Everything “surfaces” like connected cameras, cars, health and industrial
automation devices proves to be a great launch pad for the “hacking for hire”
industry. The emerging IoT devices come with a low memory and processing
footprint and usually accommodate very little security capabilities including
patching. Such devices, once “online” with an IP address, are easy prey for
sophisticated hacking syndicates. These syndicates can develop custom malware
to take control of IoT devices en masse and use them as a launch pad for
cyber-attacks. The report notes that the responsibility for governance of data
privacy is still highly centralized, lying with either the CIO, CISO or CPO for
71% of organizations. Managing privileged access to data was ranked as the
highest control amongst data security controls. “Cyber security is
becoming a top priority for businesses. It has become very critical to identify
risks near real-time and empower stakeholders to take actions and decisions
based on priority. The report highlights crucial findings on attacks,
vulnerabilities and cyber defence that are useful for teams across
cybersecurity strategy, operations and risk management,” said Sheetal Mehta,
Vice President and Global Head, Cybersecurity & Risk Services, Wipro
Limited.
About Wipro Limited: Wipro Limited (NYSE: WIT,
BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting
and business process services company. We harness the power of cognitive
computing, hyper-automation, robotics, cloud, analytics and
emerging technologies to help our clients adapt to the digital world and
make them successful. A company recognized globally for its comprehensive
portfolio of services, strong commitment to sustainability and good corporate
citizenship, we have a dedicated workforce of over 170,000, serving clients
across six continents. Together, we discover ideas and connect the dots to
build a better and a bold new future.
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