The methods used by cyber criminals are becoming more understood as terms such as “phishing”, “distributed denial of service (DDoS) attack”, and “ransomware” enter the vernacular. However, with the ever-increasing commoditisation of cyber crime, it can be difficult for organisations to keep up with the threats they face.
Providing a respite from Brexit speculation, K2 Intelligence in London addressed cyber crime trends at a breakfast briefing in London on 29 June. Drawing on case study examples, K2 intelligence highlighted that while many of the attack methods have remained constant—with phishing, malware, DDoS attacks, and security compromise activity being the most popular—the sophistication with which these are tested and implemented by cyber criminals continues to increase. With the addition of social engineering tactics, which are used by cyber criminals to manipulate people into giving up confidential information, it can become very difficult for those within an organisation to differentiate between a normal business request and a fabricated one. To help organizations fight these tactics successfully, it is paramount for organisations to educate and inform employees about these threats on ongoing basis and provide regular training to ensure employees are constantly vigilant.
K2 intelligence reiterated the need for companies to remain alert to attacks: “Organisations need to be aware of the risks cyber crime poses to their businesses. In the past, companies may have thought themselves safe or not an attractive target. However, with the increasing commoditisation of cyber crime and the opportunities it presents for extortion, either for financial gain or reputational impact, it is more important than ever that companies are alert to the threats.”