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Comments from Arbor: cyber-crime going unreported and businesses are paying hacker ransoms
March 2016 by Richard Brown, Director EMEA Channels & Alliances at Arbor Networks
Following the launch of the Institute of Directors’ latest research that reveals that cyber-crime is going unreported as businesses cough up to ransoms, please see below comments from Richard Brown, Director EMEA Channels & Alliances at Arbor Networks:
“The fact that cyber-crime is not being reported and businesses are paying hackers’ ransoms is very concerning. It will also be a worrying thought for many customers who will wonder whether their data has been compromised.
“Attacks resulting in the exposure of customer details, such as that against Ashley Madison last year, which refused to give into hacker demands, weigh heavily on organisations’ minds. Arbor Networks’ recent Worldwide Infrastructure Security Report also revealed ‘criminals demonstrating attack capabilities’ is the top motivation for hackers – something typically associated with cyber extortion attempts.
“Although many organisations will be concerned with reputational damage and further extortion attempts, it is important for businesses to not give in and instead learn how to be better prepared for future attacks. Organisations need to be vigilant, looking out for any suspicious activity to avoid becoming a victim of an attack or a ransom. What’s becoming essential, especially for larger organisations and high-value targets, is having the ability to detect and contain threats quickly - even when they make it past the perimeter defences. This isn’t all about technology – although having the right tools helps – people and process are key in this.”
