Monstrous attacks and how to defend against them
Increase in attacks on government agencies and public institutions in 2020 compared to 2019
DDoS (Distributed Denial-of-Service) attacks usually hit their victims just as unexpectedly as the attack by the primeval monster hit our hero Brian. If operators of critical infrastructures become the target of such cyber attacks, modern humans will soon find themselves back in a cave – with no heating, electricity, or water. This is because critical infrastructures include utilities and systems that are essential for maintaining important societal functions such as health, security, and the economic and social well-being of the general public.
Compared to 2019, Myra Security registered an increase of more than 300 percent in attacks on the websites and portals of government agencies and public institutions in 2020. According to a Bitkom survey, 87 percent of the companies surveyed from the critical infrastructure sector saw more attacks in the past twelve months. Besides malware, DDoS attacks are the most frequent cause of damage. According to TechConsult, more than a third of all critical infrastructure companies have fallen victim to a DDoS attack in the past twelve months.
Myra’s Security-as-a-Service solutions offer reliable protection from such denial-of-service attacks to companies in highly sensitive sectors such as healthcare . We prevent cyber attacks from sending us back to the Stone Age.
DIGITAL BULWARKS AGAINST AN INVISIBLE ENEMY
It’s not a question of if, but when companies will be targeted by cybercriminals. In the Allianz Risk Barometer 2022, cyber incidents ranked first among the top 10 business risks worldwide. According to a survey by Ernst & Young, nearly every manager surveyed believes that the risk from cyber attacks will continue to increase. Despite this, roughly half rate the risk to their own organization as low. Eight out of ten consider their preventive measures to be sufficient and are thus lulled into a false sense of security. After all, attacks are becoming increasingly complex and precise.
Just as Brian is hit through the narrow slit of his helmet, it is primarily financially strong companies that are falling victim to targeted attacks. Cybercriminals exploit vulnerabilities like Log4Shell to steal data, extort money, and compromise systems.
Myra Security also has a solution for this: the Hyperscale WAF filters, monitors, and controls incoming and outgoing HTTP/S traffic at the content level of web applications. By doing so, the Myra WAF plugs general and application-specific holes in security. In the case of Log4J, a specially developed rule set makes it possible to transparently detect Log4Shell exploits on the systems and block access to vulnerable servers.
among the top 10 business risks worldwide are cyberattacks
The wild west is history
expected losses in the financial industry due to cybercrime between 2019 and 2023
A decline of over 95% in 30 years – bank robberies are dying out. But only the classic ones – because assaults by cybercriminals on banks and financial service providers are 300 times more frequent than for companies in other industries. The methods have been adapted to the digital age: modern attackers target the digital services of institutions from a safe distance in order to extort ransoms.
Brian and Pete reluctantly push a few bundles of cash over the bank counter. For their modern counterparts, the losses are far more dramatic according to a study by Accenture, the financial industry can expect cybercrime-related losses of $347 billion between 2019 and 2023.
Always be on the safe side!
As modern people, we are still permanently exposed to dangers. But as the saying goes, a danger foreseen is half avoided. Modern Brian and Pete can sit back and relax despite frequent attacks on their IT infrastructure. Myra’s Security-as-a-Service platform, certified by the German Federal Office for Information Security (BSI), protects our real life from digital threats.
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