Intelligent CISO Issue 15 | Page 18

cyber trends MEMBERS OF THE C-SUITE ARE SIX TIMES MORE LIKELY TO BE A TARGET OF SOCIAL- ENGINEERING THAN THEY WERE ONLY A YEAR AGO, A VERIZON REPORT INVESTIGATING DATA BREACHES ACROSS 180 COUNTRIES, HAS FOUND. ULTIMATELY, EXECUTIVES MUST IMPROVE THEIR CYBERTHREAT LANDSCAPE AND MAKE EMPLOYEES AWARE OF THE IMPACT OF CYBERCRIME TO AVOID FURTHER ATTACKS. C -level executives who have access to a company’s most sensitive information are now the major focus for social engineering attacks, alerts the Verizon 2019 Data Breach Investigations Report. Senior executives are 12 times more likely to be the target of social incidents and nine times more likely to be the target of social breaches than in previous years – and financial motivation remains the key driver. Financially- motivated social engineering attacks (12% of all data breaches analysed) are a key topic in this year’s report, highlighting the critical need to ensure all levels of employees are made aware of the potential impact of cybercrime. “Enterprises are increasingly using edge-based applications to deliver credible insights and experience. 18 C-suite beware: You are the latest targets of cybercrime, Verizon report warns Supply chain data, video and other critical – often personal – data will be assembled and analysed at eye-blink speed, changing how applications utilise secure network capabilities,” said George Fischer, President of Verizon Global Enterprise. “Security must remain front and centre when implementing these new applications and architectures. Technical IT hygiene and network security are table stakes when it comes to reducing risk. It all begins with understanding your risk posture and the threat landscape so you can develop and action a solid plan to protect your business against the reality of cybercrime. Knowledge is power and Verizon’s DBIR offers organisations large and small a comprehensive overview of the cyberthreat landscape today so they can quickly develop effective defence strategies.” A successful pretexting attack on senior executives can reap large dividends as a result of their – often unchallenged Issue 15 | www.intelligentciso.com