Cyber adversaries: forces to be reckoned with

  • Organizations are losing money to cybercrime.

  • Network threats can come anywhere, anytime, compromising data and operations.

  • Public-private collaboration is the cornerstone of the fight against cybercrime.

The cybersecurity teams of U.S. organizations do not rival the persistence, tactical skills, and technological prowess of their potential cyber adversaries. Such are the findings of the 2014 US State of Cybercrime Survey,* conducted by New York-based PwC and CSO magazine.

In a published report of the results of the twelfth survey of cybercrime trends, more than 500 U.S. executives, security experts, and others from the public and private sectors offer a glimpse into their cybersecurity practices, views of the threats they face to their businesses, and what they are doing to mitigate them.

Results are also drawn from previous PwC (PricewaterhouseCoopers LLP) research, including PwC’s 2014 Global CEO Survey, the 2014 Global Economic Crime Survey, and The Global State of Information Security® Survey 2014.

The study reports that the U.S. Director of National Intelligence ranks cybercrime as one of the top national security threats, “higher than that of terrorism, espionage, and weapons of mass destruction.” Participants in the survey considered the threat to be “nothing short of formidable” and specifically worried of “attacks by tremendously skilled threat actors that attempt to steal highly sensitive—and often very valuable—intellectual property, private communications, and other strategic assets and information.”

Additionally, survey findings revealed that 7 percent of U.S. organizations lost $1 million or more due to cybercrime incidents in 2013, and 19 percent of U.S. entities reported financial losses of $50,000 to $1 million. This year, three in four (77 percent) respondents detected a security event in the past 12 months, and more than a third (34 percent) said the number of security incidents detected increased over the previous year. A full 59 percent said that they were more concerned about cybersecurity threats this year than in the past.

For more on cybercrime and how others are mitigating the risks, go to this important study.

Click here, for more on cybercrime and how others are mitigating the risks and learn more about AT&T commitment to public/private sector collaboration.

cyber infographic on cyber adversaries

Charlie Barker Value Marketing Director AT&T About Charlie