New research reveals that cyberattacks on the government sector doubled in 2016, hiking to 14% from 7% of all cyber security attacks in 2015. Attacks on the finance sector also rose dramatically from just 3% in 2015 to 14% of all attacks in 2016.
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The manufacturing sector came in at third place at 13%, while the retail sector, which topped the list of all cybersecurity attacks on all sectors in 2015 moved down into fourth place (11%).
This is according to Dimension Data's Executive's Guide to the NTT Security 2017 Global Threat Intelligence Report, which was compiled from data collected by NTT Security and other NTT operating companies including Dimension Data, from the networks of 10,000 clients across five continents, 3.5 trillion security logs, 6.2 billion attempted attacks, and global ¹honeypots and ² sandboxes located in over 100 different countries.
The report pinpoints a number of global geo-political events which could have contributed to the government sector being a cybersecurity attack target. These include:
Matthew Gyde, Dimension Data's Group Executive – Security said, "Governments all over the world are constantly under the threat of sophisticated attacks launched by rival nation-states, terrorist groups, hacktivists, and cyber criminals. That's because government agencies hold vast amounts of sensitive information – from personnel records, budgetary data, and sensitive communications, to intelligence findings. What's interesting is that this year we saw numerous incidents involving insider threats
Commenting on the financial services industry, Gyde said the ongoing attacks in the financial services industry is no surprise. "These organisations have large amounts of digital assets and sensitive customer data. Gaining access to them enables cybercriminals to monetise personally identifiable information and credit card data in the underground economy."
Other highlights in the report are:
Click here to download Dimension Data's Executive's Guide to the 2017 Global Threat Intelligence Report.
¹Honeypots: systems built as lures, specifically built to attract attackers, and gather information from cyberattacks directed against the honeypots.
²Sandbox: a testing environment that isolates untested code changes and outright experimentation from the production environment or repository, in the context of software development including Web development and revision control.
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