Ransomware, Phishing Attacks Rise as Cyber-Crime Increases
By Nathan Eddy
Disraeli said more businesses need to start offering (even mandating) additional layers of security such as two-factor authentication, which makes it more difficult for hackers to attack accounts.
And consumers should take advantage of free additional security measures, such as two-factor authentication, wherever it’s available to protect themselves and their online lives, he said.One area that has picked up dramatically over the prior year is phishing, in which end users receive an email from what they believe is a trusted but actually is a fraudulent source.Alarmingly, 30 percent of phishing messages were opened—up from 23 percent in Verizon’s 2015 report—and 13 percent of those clicked to open the malicious attachment or nefarious link.Also worth noting from the report is that Web application attacks climbed to the top spot for data breaches, up 33 percent over prior year, and the vast majority (95 percent) were financially motivated.”We believe the next few years are going to see consumer account security evolving to incorporate additional layers of authentication built around real-time intelligence and identity data,” Disraeli said. “While passwords will largely remain as the first layer of defense, adoption of additional layers such as two-factor authentication via mobile devices will increase and new security services like behavioral biometrics will begin to rise in popularity due to their ability to provide greater account protection and identity insights, with no additional friction to end users.”He said this layered approach ultimately will provide businesses with the identity assurance and real-time analytics they need to combat ever-evolving fraud challenges that threaten their own revenues and the security of their end users.