Companies warned c-suite is latest target of cybercrime

Senior executives are twelve 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 according to the Verizon 2019 Data Breach Investigations Report.

“Table stakes”

A successful pretexting attack on senior executives can reap large dividends as a result of their, often unchallenged, approval authority, and privileged access into critical systems. This year’s findings also highlight how the growing trend to share and store information within cost-effective cloud based solutions is exposing companies to additional security risks, including cloud-based email accounts compromised via the use of stolen credentials and publishing errors increasing year-over-year. George Fischer, president of Verizon Global Enterprise said, “Security must remain front and center when implementing these new applications and architectures.” He added, “Technical IT hygiene and network security are table stakes when it

... read more at: http://www.globallegalpost.com/corporate-counsel/companies-warned-c-suite-is-latest-target-of-cybercrime-53748673/

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