“Whether it’s an accidental insider threat, where an employee sends sensitive documents to a competitor‘s email or a negligent insider threat, where an employee downloads unauthorized software and spreads a virus through the company, organizations must have a cybersecurity plan in place to minimize these risks,” said Steven Bullitt, Vice President Threat Intelligence & Incident Response, GTIC, NTT Security. “The GTIC Quarterly Threat Intelligence Report documents that in instances when organizations do not have a proactive cybersecurity plan in place, the consequences can be devastating. In fact, NTT Security has seen damages due to insider breaches reach more than $30 million USD. Even in organizations that have well-defined incident response plans, they often don’t provide adequate remediation provisions for insider breaches, leaving the organization less prepared to react quickly.“

Other findings from the report include:

• A notable increase in the number of security events during Q3 ’17 - up 24 percent from Q2 ‘17
• The finance industry had the most detections for malicious activity in Q3 ‘17 - representing 25% of all cybersecurity attacks
• Rounding out the top five targeted industries were: manufacturing at 21%, business services at 16%, health care at 13% and technology at 12%
• Phishing campaigns and malware infections both increased by more than 40% over Q2 ‘17
• Attacks from China moved up from the number three spot in Q2 ‘17 to number two in Q3 ‘17
• As an attack source, India also made a huge jump from outside the top 10 up to number three, most likely due to outside actors leveraging vulnerable and/or compromised infrastructure.

www.nttsecurity.com/en-us/gtic-2017-q3-threat-intelligence-report