Even advanced security systems are vulnerable to an insider – through malice or incompetence – opening the door or sharing information with outside actors. While many organisations’ IT departments focus their efforts primarily on hardening the organisation against external attacks, failing to understand “insider threats” can render these efforts meaningless.
Official figures for the year to December 2020 show levels of online fraud increased by up to 70 per cent, while almost all other types of crime were in decline. Further analysis showed a significant gap between reported online fraud and the estimated true amount, thought to be around six times higher.
Cyber security specialist, Reliance acsn, has recorded a 36 per cent increase in revenues in 2021.