Here’s another solid proof of what security experts have been buzzing about in the past few years -- that people are the single greatest cyber-security threat to businesses. This time, proof comes from Transputec and Business Continuity Institute, which have polled 369 business continuity professionals from all over the world into enterprise cyber-security. The results are clear. Among the companies targeted by cyber-criminals, in 60 percent of cases they were hit by either phishing, or social engineering. Spear phishing was mentioned 37 percent of times. The costs of these attacks "varied greatly", from less than €50,000 (£42,500, 73 percent of… [Continue Reading]
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