Highlights from Mcafee Grand Theft Data II – The Drivers and Shifting State of Data Breaches report
Cybersecurity company McAfee has released its Grand Theft Data II – The Drivers and Shifting State of Data Breaches report, which revealed that despite improvements in combating cybercrime and threats, IT security professionals are still struggling to fully secure their organisation and protect against breaches with 61% claiming to have experienced a data breach at their current employer.
Adding to this challenge, data breaches are becoming more serious as cybercriminals continue to target intellectual property putting the reputation of the company brand at risk and increasing financial liability.
McAfee’s study demonstrates the need for a cybersecurity strategy that includes implementing integrated security solutions combined with employee training and an overall culture of security throughout the organisation to reduce future breaches.
“Threats have evolved and will continue to become even more sophisticated,” says McAfee vice president and chief technical strategist Candace Worley.
“Organisations need to augment security measures by implementing a culture of security and emphasising that all employees are part of an organisation’s security posture, not just the IT team.
“To stay ahead of threats, it is critical companies provide a holistic approach to improving security process by not only utilising an integrated security solution but also practicing good security hygiene.”
Key highlights from the report include the following:
- Savvier thieves: Data is now being stolen by a wide range of methods, with no single technique dominating the industry. The top vectors used to exfiltrate data are database leaks, cloud applications and removable USB drives.
- IP tied for first: Personally identifiable information (PII) and intellectual property (IP) are now tied as the data categories with the highest potential impact to 43% of respondents. Notably, PII is of greater concern in Europe (49%), most likely due to the recent enforcement date of the General Data Protection Regulation (GDPR). In Asia-Pacific countries, intellectual property theft is of greater concern (51%) than PII.
- Blame game: IT is looked at as the culprit with 52% of respondents claiming IT is at fault for creating the most data leakage events. Business operations (29%) follows as the next most likely to be involved. Highly regulated internal groups including finance (12%) and legal (6%) were the most secure.
- The great divide: Security technology continues to operate in isolation, with 81% reporting separate policies or management consoles for cloud access security broker (CASB) and data loss prevention (DLP), resulting in delayed detection and remediation actions.
- Taking responsibility: There is a rift in regard to accountability – 55% of IT professionals believe that C-level executives should lose their job if a breach is serious enough, yet 61% also state that the C-level executives they work with expect more lenient security policies for themselves.
- Future-proofing: IT professionals are taking action, with almost two-thirds stating they have purchased additional DLP, CASB and endpoint detection solutions over the last 12 months. Respondents believe that between 65 and 80% of breaches experienced would have likely been prevented if one or more of these systems had been installed.
The stakes are higher as multiple attack methods are now used in a breach as cybercriminals continue to target personal data and intellectual property.
Furthermore, IT security teams are increasingly concerned about external threat actors compromising their network, which has forced more organisations to publicly disclose when breaches occur.
The severity of publicly disclosing breaches results not only in financial repercussions but damage to brand and reputation as well.
Industry: Cyber Security News
- CIAM Architect Azure B2C
We are seeking a highly skilled and experienced Azure B2C CIAM Architect for a contract starting on Jan 2024. As an Azure B2C CIAM Architect, you will be responsible for designing, implementing, and deploying an new Azure B2C Solution . Responsibilities: Design and implement an Azure B2C-based CIAM solution that meets the needs of our clients organization. Maintain and support the Azure B2C-based CIAM solution. Provide training and support to our employees on the use of the CIAM solution. Background designing, implementing, and maintaining CIAM solutions. Experience with cloud-based identity and access management (IAM) solutions. Experience with OAuth, OpenID Connect,and SAML. Excellent written and verbal communication skills
- Senior IAM Consultant
- Upto €110,000 depending on level of position
Senior IAM Consultant is needed to help lead and deploy IAM Projects for this expand IAM Consultancy The ideal candidate will have a deep understanding of IAM concepts and technologies, as well as experience in deploying and managing complex IAM solutions. Responsibilities Lead the deployment of IAM solutions for our clients Work with clients to understand their IAM requirements and design solutions that meet their needs Configure and implement IAM solutions using best practices Integrate IAM solutions with other enterprise systems Provide training and support to clients on the use of IAM solutions Stay up-to-date on the latest IAM technologies and trends We are looking for an experieneced IAM Consutlatn with: Strong understanding of IAM concepts and technologies,including identity lifecycle management,access control,and authentication Experience in deploying and managing complex IAM solutions Experience with IAM products and solutions,such as SailPoint,One Identity Manager,and Azure Active Directory Excellent communication and interpersonal skills Ability to work independently and as part of a team Fluent in German Candidates witll need to live and have the right to work within Germany to be considered.
- Security Architect - SOC Design - Outside IR35 London. SC / DV cleared
- Outside IR35
Security Architect - With in-depth SOC Design experience needed for Outside IR35 London. SC / DV cleared. 6 month rolling Immediate Experience delivering technical Security Architecture design / assurance of security design with mobile network experience. HLD / LLD Current SC Clearance a must. Willingness to undertake DV. London 3 days a week Immediately interviewing.
- Cyber Security Risk Consultant. UK. Hybrid. Home | Work balance
- United Kingdom
Cyber Security Consultancy - done the right way. Seeking a passionate Cyber Security Risk Consultant who enjoys helping clients make a different to their business. Warning- if you want a large, slow moving, high politics, high travel security consultancy that demands their a pound of flesh this is NOT for you. A successful individual will have experience working with clients to identify business cyber security risk. This is a remote first opportunity which means you will spend the majority of your time working remotely. You will however spend some time meeting clients as well as meeting up with the team on a monthly basis.. Some of the nice to have certifications. CRISC, ISO27001 Lead implementer, CISA, CISM, CISSP Along with dedicated training budgets, unlimited holiday and a structured career path, this opportunity will give a much needed work life balance. Unable to offer Visa sponsorship now or in the future. Apply and book a call in my diary with the below