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Cyber threats increase for retail sector

Anuradha Shukla | April 26, 2016
Cybercriminals have shifted their focus from traditional financial markets, says report.

Cybercriminals have shifted their focus from traditional financial markets, and are now targeting the retail sector.

The annual NTT 2016 Global Threat Intelligence Report reveals that retail organisations experienced about three times as many cyberattacks as those in the finance sector.

The finance sector topped the list of cyberattacks on organisations in the 2015 report but dropped to fourteenth position this year.

"The retail and financial sectors process large volumes of personal information and credit card data," said Matthew Gyde, Dimension Data's group executive - Security. "Gaining access to these organisations enables cybercriminals to monetise sensitive data such as credit card details in the black market, which validates that cybercriminals are motivated by the rewards of financial crime."

The report reveals that 65% of attacks originated from IP addresses within the US.

Least impact on education sector

Last year, there was an 18% increase in malware across all industries, excluding the education sector.

Malware developers are aggressively developing anti-sandbox techniques for organisations that are developing sandboxes to understand cybercriminal's tactics to protect themselves from attacks.

An analysis of honeynet attacks in organisations indicates that attackers are leveraging telcos and hosting providers to conduct their operations.

"Retail companies are becoming increasingly popular targets as most process large volumes of personal information, including credit card data, in highly distributed environments with many endpoints and point-of-service devices," said Guido Crucq, general manager - Security, Dimension Data Asia Pacific. "Such diverse environments can be difficult to protect."

The data for annual NTT 2016 Global Threat Intelligence Report is based on 3.5 trillion security logs, 6.2 billion attacks, 24 Security Operations Centres and seven research and development centres of the NTT Group.

 

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