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 4740 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
Lockdown Showdown: Jaguar I-pace Etrophy Series to Get Back on Track in Berlin i...
Three Eggs get Yemeni National a Guinness World Records Title
Omega's Antimagnetic Tourbillon Is a Watchmaking Breakthrough
Lamborghini SCV12: Squadra Corse Hypercar Ready to Hit the Track
The new BMW M5 and BMW M5 Competition
Toric Tourbillon Slate
GROHE Smart Control Review
Twitter tests Tweeting with Voice
Saxo Bank Launches Loyalty Program for MENA Region Clients
Hyundai Motor and Sony Pictures Entertainment Announce Unique and Pioneering Mul...
American Aesthetic Medical Center Has Something in Store for the Esthetical Figu...
WTTC Launches Safe Travels Protocols for Attractions, Car Hire and Short-Term Rental
NUDESTIX Launches - Nudies Blush, Bronze, and Glow Shade Extension
Volvo Cars Chengdu Car Plant Powered by 100 Per Cent Renewable Electricity
Range Rover Marks 50 Years of All-terrain Innovation and Luxury With Exclusive N...
Under-12 and Over-60 Can Now Take Part in Sports Activities: Dubai Sports Council
Dabur Ensures Safety with Hand Sanitizers and Personal Protection Kits as UAE Es...
Let's Brigthen Up! The Face Shop's Ultimate Summer Skincare Range From Belif is Here!
Handy Helper for Content Creators: The Compact A6100 Mirrorless Camera from Sony...
Pre-orders for Samsung's Galaxy S20+ 5G and Galaxy Buds+ BTS Edition now open in...
Experts Highlight need for Young Talent to Develop Skills for a Post-Covid-19 World
Dabur Launches Pure Organic Coconut Oil: Natural Protection for Hair, Skin, and ...
GEMS Wellington Academy – Al Khail Improves Rating to 'Very Good' in KHDA DSIB 2...
Etihad Airways to Recommence Flights to Athens
Dubai Sees Pronounced Uptick in Demand for Retail Units
Book Building of Amlak International's IPO of 30% of Shares
Sanctuary for the Senses: All-New Lincoln Corsair Arrives with Whisper-Quiet, Co...
Essence Spring/Summer 2020 Collection
Registration Opens for Training On the Camel Trek and Camel Marathon for Expats
Covid-19 Leads UAE Businesses to Adopt Upgraded Green Building Solutions
Dubai Sports Council Discuss Upcoming Sports Events With Federations and Organisers
Dubai Sports Council to Celebrate Dubai's COVID-19 Heroes Through Commemorative ...
Turkish Airlines Was the Busiest Operator in the Eurocontrol Area After Restarti...
Celebrate Father's Day With Parmigiani Fleurier Tondagraph Slate'
INFINITI of Arabian Automobiles presents Dubai Islamic Bank customers Super Sale...
Crude Oil Headwinds on Virus and Technicals
Customers can Benefit from Increasing Gold Rate by just Paying 10% Advance at Ma...
Canadian University Dubai Receives Prestigious Certification in Education for Pu...
Report Reveals the Six Fintech Innovations That Will Boost the ‘Financial Health...
Serco Middle East Appoints New Managing Director for Dubai Metro and Dubai Tram
Big Bang Integral King Gold
Pan Emirates Unveils Exclusive New Collection
Digital Vision Technology Signals On-Track Success for Panasonic Jaguar Racing
Schneider Electric Extends Strategic Partnerships with AVEVA, Lenovo and Stratus...
Celebrate World Music Day with HONOR Magic Earbuds
The 11th Edition of the Arab Fashion Week to Launch Virtually Today, from June 2...
New Bentayga to Launch Beyond100
Cairo Amman Bank Adopts the Latest Technology to Enhance Performance and Securit...
Celebrate Summer Safely with the New, Shopping Normal at BurJuman
Registration open for Dubai Watersports Summer Week