GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share
Transportation, Legal and Banking Sectors Hit the Hardest by Cyberattacks, According to New Mimecast Report
 
 
Dubai, UAE – November 20, 2019:   Mimecast Limited (NASDAQ: MIME), a leading email and data security company, today announced the availability of its quarterly Threat Intelligence Report: Risk and Resilience Insights. The report provides technical analysis from the Mimecast Threat Center from July -September 2019 on the nature of attack campaigns in addition to observations and analysis of evolving threats. Outlining the trends emerging from these identified attacks and assessing the current behavior of threat actors can help organizations better understand the impact these factors will have on the cybersecurity landscape in 2020. 
 
The Mimecast Threat Intelligence Report includes analysis of 207 billion emails processed by Mimecast, 99 billion of which were rejected. The report keeps organizations informed on the threats that are targeting their industries, so they can better prepare for, and protect themselves against threats inside, at and beyond the perimeter. This research looks through the lens of the four main categories of attack types discovered in the quarter: spam, impersonation, opportunistic, and targeted. This quarter's report found that impersonation attacks are on this rise, accounting for 26% of total detections – and now includes voice phishing or “vishing,” an advanced attack observed in this quarter, where threat actors use social engineering to gain access to personal and financial information via the victim's telephone system. 
 
While the report uncovered a mixture of simple, low effort and low-cost attacks targeting Mimecast customers, the data high¬lights complex, targeted campaigns leveraging a variety of vectors and lasting several days. These sophisticated attacks are likely carried out by organized and determined threat actors, employing obfuscation, layering, exploits, and encryption to evade detection. Additionally, throughout the research, it was clear three industries were targeted the most by cyberattacks. Banking and legal, industries that are rich with sensitive information that yield results for threat actors and transportation, where state-sponsored threat actors seek to disrupt the logistical and supply capability of rivals. 
 
“Threat actors seek numerous ways into an organization - from using sophisticated tactics, like voice phishing and domain spoofing, to simple attacks like spam,” said Josh Douglas, vice president of threat intelligence at Mimecast. “This quarter's research found that the majority of threats were simple, sheer volume attacks. Easy to execute, but not as easy to protect against as it shines a very bright light on the role human error could play in an organization's vulnerability. Organizations need to take a pervasive approach to email security - one that integrates the right security tools allowing for greater visibility at, in and beyond the perimeter. This approach also requires educating the last line of defense – employees. Coupling technology with a force of well-trained human eyes will help organizations strengthen their security postures to defend against both simple and sophisticated threats.”
 
 
Of the 207 billion emails processed, there were 25 significant malware campaigns identified this quarter which incorporated Azorult, Hawkeye, Nanocore, Netwired, Lokibot, Locky and Remcos. The campaigns observed range from simple phishing campaigns to multi-vector campaigns alternating file types and attack vector, types of malware and vulnerabilities. All the analysis discovered in the report is fed back into Mimecast engineering to enhance cloud-based security services, improving customer's cyber resilience and helping them avoid disruptions to their business
 
Additional key findings outlined in the report – 
• The majority of attacks are less sophisticated, high volume attacks – due to the ease of access for any individual to launch an attack and employees still clicking on malicious links 
• ZIP files accounted for 34% of file compression format attacks – consistently the most detected format due to reliance on human error 
• Researchers detected a complex range of malware, some of which has been around for many years, in addition to new threats. Malware threats are increasingly automated. 
• Top sectors targeted this quarter: transportation, storage and delivery, banking and legal 



Posted by : GoDubai Editorial Team
Viewed 3410 times
Posted on : Wednesday, November 20, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : WCU: Commodities caught between weak data and trade hopes
Next Story : Wethaq launches first fintech' Sukuk on its market infrastructure using SWIFT gpi Link
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Get Festive Ready With Prestige Cosmetics Holiday Collection
Chlo's Iconic Carlina Sunglasses In a Precious New Interpretation
Maserati's innovation on board the Multi 70 trimaran: the technical partnership ...
PACE to Space
Artistry' - Branded Jewellery show at Malabar Gold & Diamonds' outlets in Bur D...
The Luxury Closet's Commitment to a More Sustainable Fashion Future to Change th...
Master Chronometer: Raising Standards
Travel Diaries - ECCO Shoes and Accessories
Ports Customs and Free Zone Corporation celebrates the 48th National Day
Arabic version of Zoho Creator launched to help businesses create custom applications
J.D. Power announces 2019 UAE Sales Satisfaction Index
Holiday Hair-Styling Essentials from VIERRO
Formula 1 meets Virgin Hyperloop One: California-based Developer to Showcase Pas...
Huge White Friday Deals Coming to Dubai Festival City Mall
Indulge in New flavours sprinkled With A Dash of Bollywood & Nostalgia at Hitchki
Life-changing Raffles Announced for 25th Edition of Dubai Shopping Festival
Union Coop Pays Tribute to the Martyrs on Commemoration Day'
Luxe Beauty Gifts for your Loved Ones this Festive Season
Trading Enterprises announces the arrival of the new S60 premium sports sedan i...
Cisco Advances Solutions to Simplify Cybersecurity Processes in Saudi Arabia
Emirates Post issues commemorative stamps to celebrate the UAE 48th National Day
ENEC Releases 'Tasamoh' a Rehabilitated Green Turtle and organizes Beach Cleanu...
Robinsons celebrates UAE National Day with leading Emirati brands and a host of ...
Dunecrest American School Celebrates the UAE National Day
Revive Your Haute Couture Collections with Champion Cleaners VIP Couture Cleanin...
Berkan Steakhouse Launches in Dubai
'Tis the Season to Be Glamorous - Beauty Essentials from GlamBeaute.com!
Zambian President affirms commitment to bolster UAE ties
Gulf Medical University Provides 220 Healthcare Professionals to the Healthcare ...
Homegrown Jewellery Brand Sumaya Bakkar Collections Curated Festive Gift List
China Homelife the Largest China Sourcing Platform Set to Showcase a Wide Variet...
MG Motor launches its first electric vehicle for the Middle East at the 5th Int...
Spice Up with Shades of Brown from 2XL Furniture & Home Dcor
Italy breaks ground for its Pavilion at Expo 2020 Dubai
Celebrate the 48th UAE National Day at Dalma Mall
UAE Ministry of Energy and Industry launches Emirates Nuclear Technology Center ...
LG Electronics Announces Leadership and Operational Changes Ahead of 2020
Herman Miller and DIDI announce the winners of the Ergo Chair - Student Designs...
Celebrate the 48th UAE National Day at Dalma Mall'
Chatbots are revolutionising the Middle East retail industry
Pupils at Dubai Heights Academy mark 48th National Day with two days of traditio...
Arabian Automobiles INFINITI presents the apex in road safety with the QX50'
Etisalat announces its first Green Friday' in UAE
Ring in the New, but Don't Ring Out the Old Completely, J.D. Power Finds
GROHE Goes ZERO Carbon-Neutral Production by 2020
Dubai Cares' Volunteers bring hope to children in remote village in Senegal
du & National Archives offer nostalgic journey into UAE's past on 48th National Day
Your Holiday Gift Guide for Her
Dubai Festival City Mall Visitors In for A Jolly Festive Season Like No Other in...