Cost of Living Crisis Helps Increase Cyber ​​Crime

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More than a third (34%) of UK Critical National Infrastructure (CNI) organizations see an increase in cybercrime as a direct result of the current economic crisis, according to a new survey by a leading cybersecurity services firm. is predicted. Bridewell.

of “Cybersecurity at CNI: 2023” A survey report surveying 500 UK cybersecurity decision makers across the transport, aviation, utilities, finance, government and telecommunications sectors found that 41% of respondents were in the utilities sector, including energy and gas. was found to be of particular concern. We predict a surge in cybercrime as a result of financial hardships. The findings come at a time when the ongoing Russian-Ukrainian war is straining oil and gas flows to the UK, causing fuel and food prices to skyrocket.

More than a fifth (21%) of CNI decision makers say employee risk is one of the biggest risks to their organization’s IT environment, as rising costs of living put a growing financial burden on employees. Ranking sabotage. The average number of security incidents related to employee sabotage has already increased by 62% within his CNI in the last 12 months, from 13 per organization to an average of 21.

A third (33%) of decision makers also believe the economic downturn will increase the prevalence of phishing and social engineering attacks, with attackers taking advantage of employee vulnerabilities and financial insecurities to It suggests the possibility of unauthorized access to CNI data and systems. .

The findings reflect the long-term increase in cybersecurity risk from insiders (both malicious and negligent) over the past three years, with two-thirds (66%) of CNI decision makers ) report an increase in insider threats since 2020. Last year was a time of increased security spending, but now 65% of CNI organizations have cut their security budgets due to the recession, potentially exposing the sector to more insider risk.

Bridewell Co-CEO Anthony Young said: Reducing security budgets exacerbates the problem. Decision makers need to invest in bolstering their cyber defenses from the ground up.

“This requires increased awareness of cybersecurity best practices, including robust monitoring and testing of systems and access controls, investments in data loss prevention, and ongoing employee education and training.”

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tag: Cost of living, cyber crime, safety

https://www.cloudcomputing-news.net/news/2023/apr/28/cost-of-living-crisis-fuelling-a-rise-in-cybercrime/ Cost of Living Crisis Helps Increase Cyber ​​Crime

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