Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

CYBER ATTACKS OCCURRING MORE FREQUENTLY AND WITH GREATER SOPHISTICATION – ACCORDING TO NTT SECURITY GTIC 2017 Q2 REPORT

Attacks on Manufacturing Industry Continue to Rise

The frequency and sophistication of cyber attacks continues to rise globally according to research data from the Global Threat Intelligence Center (GTIC) 2017 Q2 Threat Intelligence Report released by NTT Security, an NTT Group company. The report, based on events identified across the NTT Security global client base during the second quarter of 2017, identifies trending threats and enables the company to implement IT security assessment and incident response tactics to stay ahead of hackers, and maintain the best protection for their clientele.

Of the extensive information included in the report, four findings are of extreme interest and concern:

– Cyber attacks were up 24% globally during Q2 2017
– Manufacturers continue to be a key target for cybercriminals
– 67% of malware attacks were delivered by phishing emails
– The speed of attacks continues to increase exponentially once proof of concept code is released

“Our Global Threat Intelligence Centers are constantly monitoring cyber activities on a global scale and providing us with great insight as to which industries cybercriminals are targeting, why they’re targeting these areas, and how they may do so moving forward,” said Jon Heimerl, Manager, Threat Intelligence Communication Team, NTT Security. “This latest GTIC 2017 Q2 Threat Intelligence Report documents that hackers continue to target the manufacturing sector, which should be a red flag for CISOs across this market segment.”

According to the GTIC 2017 Q2 Threat Intelligence Report’s latest findings, 34% of all documented attacks targeted manufacturers. Moreover, manufacturers appear in the top three targets in five of the six geographic regions globally.

“This is no coincidence,” continued Heimerl. “The motivations for these attacks are often criminal in nature, including extortion via ransomware, industrial espionage, and theft of data such as account numbers. What poses an even greater problem is that when these breaches are successful, yet go undetected, they allow hackers to establish footholds in organisations’ networks where they have free reign to wreak havoc over extended periods. This is a problem if we consider that 37% of manufacturers recently surveyed (https://www.nttcomsecurity.com/us/risk-value-2017/), indicated they do not have an incident response plan in place. This is very concerning as manufacturers’ IT security liabilities often impacted not just the manufacturing organisations, but suppliers, as well as related industries and consumers.”

The insights from this research data support and enable NTT Security to deliver more strategic and comprehensive cyber-attack detection and prevention services. This unique approach of combining products, systems and services into a comprehensive end-to-end solution provides the company’s extensive base of clients with proven business resilience. A holistic source for IT security systems technologies and solutions, NTT Security and affiliated NTT Group partners – Dimension Data, NTT Communications and NTT DATA – are aligned to help existing and new potential clients achieve their specific digital transformation objectives with the highest levels of efficiency, scalability and cost-efficiency.

The extensive portfolio of IT security services available from NTT Security falls into three categories: Strategic Consulting, Managed Security and Technical Consulting. Whether applied independently or in combination, NTT Security provides the foundation for a purpose-built Managed Security and Professional Services platform, encompassing advanced analytics and globally implemented threat intelligence supported by experienced IT security experts.

Download the Global Threat Intelligence Center (GTIC) 2017 Q2 Threat Intelligence Report at: https://www.nttcomsecurity.com/us/gtic-2017-q2-threat-intell…