Cyber Attacks have Remained Basic while Proliferating in Sophistication: Do we have the Cyber-Maturity?

As new cyberthreats loom over cyber citizens and organisations, the human element in a cyber setup remains the most vulnerable point. New and savvy netizens continue to be vulnerable to the same cyberthreats as before.

The new State of Cybersecurity 2021 Part 2 survey report from ISACA, sponsored by HCL Technologies, indicates that many organizations in India are experiencing an increase in cybersecurity attacks, with 32% of respondents indicating they had experienced more cyberattacks than the year before.

While organisations and governments, including big tech companies, are falling prey, they are also becoming aware and cyber-mature. But are they doing enough?

People: The Weakest Link

People remain the weakest link in the cyber equation of today. Tech support scams, which began as cold calls in the 90s and evolved into fake pop-ups of today, are still a global problem, impacting people of all ages.

While the new generation of netizens becomes savvier by the minute, they are still the ones who fall prey to the various cyberattacks.

Microsoft commissioned YouGov for a new 2021 survey across 16 countries to look at tech support scams and their effect on consumers. According to the survey, three out of five consumers have encountered a tech support scam in the last 12 months. In addition, one out of six consumers was conned into continuing with the scam, with victims losing up to hundreds of dollars.

Also, millennials (aged 24-37) and Gen Zers (aged 18-23) showed the highest exposure to tech support scams. One out of 10 millennials and one out of 10 Gen Zers fell for scams.

World over, the survey found that those conned reported higher engagement in risky online activities. They also “overestimated their abilities with respect to using computers and the Internet.”

With those who continued with a scam, the most common issues in an interaction were reported to be computer problems (30%), followed by compromised passwords (23%) and fraudulent use of credit, debit, or store cards (18%).

A United Front Against Cybercrime

As the vulnerability of organisations, big and small, becomes more and more apparent, partnerships are brewing within the ecosystem to fight cybercrime.

For example, the NIST’s National Cybersecurity Center of Excellence (NCCoE)’s public-private partnership applies standards and best practices to form modular, easily adaptable examples of cybersecurity solutions by utilising commercially available technology.

Microsoft is working with NCCoE to implement a Zero Trust architecture project.

It’s clear that the effort and awareness of cybersecurity must be a united effort. While the incidence of a crime still relies to a great extent on the individual, governments and organisations have to pull up their socks.

Read more at: The Tech Panda