As cybercriminals continue employing increasingly sophisticated methods to compromise their targets, security is no longer about if but when a company will be hit by a data breach, according to Symantec.
It’s only normal for business leaders to be concerned about the ROI on any money they spend, but that’s missing the point when it comes to cybersecurity, says an IDC analyst.
Five out of every six large companies in Malaysia with more than 2,500 employees were targeted with spear-phishing attacks in 2014, according to Symantec Corp. Small businesses also saw an uptake, with attacks increasing from 10% in 2013 to 28% last year.
In 2013, there was a 62% increase in the number of data breaches globally from the previous year, resulting in more than 552 million identities being exposed, according to the latest Symantec Internet Security Threat Report.
The recent Symantec Corp Internet Security Threat Report, Volume 18 (ISTR) revealed a 42% surge during 2012 in targeted attacks globally compared with the previous year.