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Shift Your Cyber Threat Strategy from Reactive to Proactive

ACAMS Today

– Today, cyber threats come in a variety of forms. Whether intended to disrupt an organization’s business activities or steal valuable company or customer data, hacks, phishing attacks (a form of internet fraud targeting credit card and social security numbers, user IDs and bank account passwords) and data breaches, are part of the new business reality.

Because of the nature of some attacks (hackers are often very good at covering their tracks), many go undetected for long periods of time. The 2015 Data Breach Investigations Report from Verizon shows that more than 80 percent of attacks are able to compromise a system in just a few days, while less than 30 percent of attacks are discovered in the same time period. The gap between an attack and its eventual discovery is growing, which means that organizations (and their customers and employees) remain exposed and vulnerable to the consequences of such attacks.

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