Annual threat report shows 9.32 billion total malware attacks in 2017, an 18.4 percent year-over-year increase
Cyber attacks are becoming the No. 1 risk to businesses, brands, operations and financials, according to a SonicWall report. According to the findings from its 2018 Cyber Threat Report, the company recorded 9.32 billion malware attacks in 2017 and saw more than 12,500 new Common Vulnerabilities and Exposures (CVE) reported for the year.
“The cyber arms race affects every government, business, organization and individual. It cannot be won by any one of us,” said SonicWall CEO Bill Conner. “Our latest proprietary data and findings show a series of strategic attacks and countermeasures as the cyber arms race continues to escalate. By sharing actionable intelligence, we collectively improve our business and security postures against today’s most malicious threats and criminals.”
Last year by June alone, India faced cyber security threats worth over $4 billion. Financial sector witnessed a little less than 50% cyber attacks throughout the year. Needless to mention, it is one of the most targetted countries owing to several reasons such as rapid transition into a cashless economy, increased usage of wireless data, among others.
Debashish Mukherjee, Country Director India & SAARC, SonicWall, while speaking about the threats faced specifically within the country had this to share about his observations, “A vast majority of internet traffic is encrypted but most of the vendor solutions are not even addressing that space. We observed this encrypted traffic is the major pain area for our customers; and hence we made deep-packet inspection, a fundamental part of our security architecture and have developed proprietary technology, RFDPI (Reassembly-Free Deep Packet Inspection), which opens and checks every packet of data for threats. Our Capture technology has enabled us to proactively protect our customers from malware and ransomware attacks.”
According to SonicWall, Chip processors and the Internet of Things (IoT) are emerging battlegrounds, Organizations will soon need to implement advanced techniques that can detect and block malware that does not exhibit any malicious behavior and hides its weaponry via custom encryption.