Better endpoint security can prevent spread of cybercrime

by Charles Leaver

April 8, 2014

access_time 5 min read

Cyber attacks are not disappearing anytime soon. In fact, the exact opposite it true. With the increasing use of BYOD policies in workplaces and a greater sense of operational cohesion within the cybercriminal community, the malicious cyber sphere presents more of a threat now than ever. Unfortunately, many businesses are not taking the proper steps to defend themselves against incursions, and therefore find themselves in hot water. New statistics point to the fact that more enterprises need to consider investing in a robust endpoint security and control plan that could help prevent future attacks.

Cyber attacks experience dramatic 91 percent rise in 2013
According to recent report, the growth of cyberattacks is as rapid as it is damaging. The industry report traced a 91 percent increase in cybercrime over the past year, Gulf Business stated. Meanwhile, instances of specific data breaches also experienced a big increase, rising 62 percent in 2013. But according to the report, even these numbers don't get at the full extent of the damages wrought by cybercrime.

"Even a 62 per cent increase does not truly reflect the scale of the breaches last year. 2013 was the year of the mega breach, with eight of the data breaches exposing more than 10 million identities," said the report.

Unfortunately for potential victims, attacks come in so many different forms that they can be hard to trace. The only thing that unites them is a level of criminal sophistication unseen in years past. Among the biggest threats to businesses are ransomware and spear phishing attacks, which both aim to extract money from their victims. When a retailer is targeted, these victim's can often be a store's customers, which understandably results in a loss of customer trust.

Company IT departments feeling the burden of malware
According to a different study carried out by KnowBe4, the potentially devastating impact of malware is not lost on company IT managers, who are reporting an elevated level of concern about security maintenance. The study — which surveyed IT managers at different companies — found that 51 percent of them claimed security is more of a challenge to maintain so far this year than it was in 2013. If this is the case, then we can no doubt expect instances of cyberattacks to continue to rise in 2014.

Fortunately, there are measures businesses can take to prevent attacks, according to one of the experts behind the study, Stu Stouwerman.

"To maintain security, every company should adopt the 'defense-in-depth' strategy and create a strong first layer that includes up-to-date security policies, procedures and security awareness training as this affects every aspect of an organization's security profile," he said.

These defensive policies may sound easier said than done, but the whole process can be made more efficient and quicker with company endpoint protection software. For companies that equip themselves with such an infrastructure, the threat of a malicious incursion is significantly lessened. Enterprise security can never be taken for granted. But with endpoint management, it can at least be firmly protected.