New Report: 85% Firms Face Cyber Incidents, 11% From Shadow IT

Over the past two years, 85% of companies globally have experienced cyber incidents, with 11% attributed to the unauthorized use of shadow IT. The figures originate from a recent study conducted by cybersecurity company Kaspersky, exposing a concerning pattern in the corporate realm.
According to Kaspersky, firms are encountering a heightened vulnerability to cyber incidents because of the escalating prevalence of shadow IT among employees within the expanding distributed workforce.
The study, published today, highlighted the consequences of shadow IT usage, from the leakage of confidential data to tangible harm to businesses.
Notably, the IT industry bore the brunt of these incidents, with a 16% impact in 2022 and 2023, while critical infrastructure and transport and logistics sectors experienced an impact of 13%. The study also underscored a real-world example of the risks associated with shadow IT, citing a recent case involving Okta.
This breach lasted for 20 days, impacting 134 company customers.
As organizations grapple with the challenges of shadow IT, Kaspersky recommended proactive measures to mitigate risks.
This includes cooperation between business and IT departments to understand and address new business needs, conducting regular inventories of IT assets, implementing access controls for personal employee devices and investing in training programs for both employees and IT security specialists.


This Cyber News was published on www.infosecurity-magazine.com. Publication date: Wed, 20 Dec 2023 16:35:29 +0000


Cyber News related to New Report: 85% Firms Face Cyber Incidents, 11% From Shadow IT

Law Firms and Legal Departments Get Singled Out For Cyberattacks - Cyberattackers are doubling down on their attacks against law firms and corporate legal departments, moving beyond their historical activity of hacking and leaking secrets to targeting the sector with financial attacks, such as ransomware and ...
11 months ago Darkreading.com
Shadow AI poses new generation of threats to enterprise IT - Unsanctioned AI, also known as shadow AI, poses even more challenges. Shadow AI is just like every other stripe of shadow IT - unsanctioned technology that corporate employees deploy ad hoc and use in ways unknown to or hidden from an organization's ...
9 months ago Techtarget.com
How Cybersecurity for Law Firms has Changed - The public nature of the legal system makes law firms particularly vulnerable to a growing number of cybersecurity risks. Law firms have unique access to highly confidential client information and as a result, face a growing number of federal, ...
10 months ago Securityboulevard.com
Cyber Insurance for Businesses: Navigating Coverage - To mitigate these risks, many businesses opt for cyber insurance. With the wide range of policies available, navigating the world of cyber insurance can be overwhelming. In this article, we will delve into the complexities of cyber insurance and ...
9 months ago Securityzap.com
How to Eliminate Shadow IT and Achieve a Secure SaaS Environment in 2023 - The prevalence of Shadow IT has grown exponentially over the years, with most organizations being unaware of the security risks of unauthorized cloud applications. Shadow IT is any application or cloud service being used by employees for business ...
1 year ago Thehackernews.com
Cyber Insurance: A Smart Investment to Protect Your Business from Cyber Threats in 2023 - Don't wait until it's too late - get cyber insurance today and secure your business for tomorrow. According to the U.S. Federal Trade Commission, cyber insurance is a particular type of insurance that helps businesses mitigate financial losses ...
8 months ago Cyberdefensemagazine.com
Law Firms are Raising the Bar on Cybersecurity - Corresponding with recent increases in threat actor activity in the legal industry, law firms are investing more time and attention in modernizing security operations. Both midsize and large law firms are increasingly engaging with cybersecurity ...
1 year ago Bluevoyant.com
Does Pentesting Actually Save You Money On Cyber Insurance Premiums? - Way back in the cyber dark ages of the early 1990s as many households were buying their first candy-colored Macintoshes and using them to play Oregon Trail and visit AOL chat rooms, many businesses started venturing into the digital realm as well by ...
10 months ago Securityboulevard.com
Cybersecurity Tops 2024 Global Business Risks - The newly released Allianz Risk Barometer revealed that Cyber incidents such as ransomware attacks, data breaches, and IT disruptions are the biggest worry for companies globally, as well as in the United States, in 2024. The 13th annual business ...
9 months ago Cybersecurity-insiders.com
Fighting ransomware: A guide to getting the right cybersecurity insurance - While the cybersecurity risk insurance market has been around for more than 20 years, the rapidly changing nature of attacks and the rise in the ransomware epidemic has markedly changed the nature of cyber insurance in recent years. It's more ...
9 months ago Scmagazine.com
Employee Use of 'Shadow IT' Elevates Cyber Attack Risks for Indian Firms - In India, a recent report indicates that approximately 89% of companies faced cyber incidents within the past two years. Alarmingly, 20% of these breaches were attributed to the utilization of shadow IT, as per findings from a study. This surge in ...
10 months ago Cysecurity.news
Important details about CIRCIA ransomware reporting - This landmark legislation tasks the Cybersecurity and Infrastructure Security Agency to develop and implement regulations requiring covered entities to report covered cyber incidents and ransomware payments. Ransomware attacks have become ...
5 months ago Securityintelligence.com
New Report: 85% Firms Face Cyber Incidents, 11% From Shadow IT - Over the past two years, 85% of companies globally have experienced cyber incidents, with 11% attributed to the unauthorized use of shadow IT. The figures originate from a recent study conducted by cybersecurity company Kaspersky, exposing a ...
10 months ago Infosecurity-magazine.com
Three Key Threats Fueling the Future of Cyber Attacks - Improvements in cyber security and business continuity are helping to combat encryption-based ransomware attacks, yet the cyber threat landscape is continually evolving. Protecting an organization against intrusion remains a cat and mouse game, in ...
6 months ago Cyberdefensemagazine.com
What CIRCIA Means for Critical Infrastructure Providers and How Breach and Attack Simulation Can Help - Cyber Defense Magazine - To prepare themselves for future attacks, organizations can utilize BAS to simulate real-world attacks against their security ecosystem, recreating attack scenarios specific to their critical infrastructure sector and function within that sector, ...
1 month ago Cyberdefensemagazine.com
Ransomware, Data Breaches Inundate OT & Industrial Sector - Three-quarters of industrial firms suffered a ransomware attack in the past year, with far more compromises affecting operational technology than ever before - representing a surge in attacks driven by both the industrial sector's vulnerability and ...
11 months ago Darkreading.com
Manufacturing Top Targeted Industry in Record-Breaking Cyber Extortion - The year 2023 has been a record-breaking year for cyber extortion, according to Orange Cyberdefense. The cybersecurity branch of the French internet service provider launched its Security Navigator 2024 on November 30, 2023. In this fifth edition of ...
11 months ago Infosecurity-magazine.com
Wargames director Jackie Schneider on why cyber is one of 'the most interesting scholarly puzzles' - In other games, we had people from Silicon Valley who were leading AI companies or cyber companies. What we found is those who had expertise in cyber operations were more likely to be more nuanced about how they used the cyber capability. On a larger ...
5 months ago Therecord.media
IT Professionals in ASEAN Confronting Rising Cyber Security Risks - The ASEAN region is seeing more cyber attacks as digitisation advances. In July 2023, the Association of Southeast Asian Nations officially opened a joint cyber security information sharing and research centre, or Cybersecurity and Information Centre ...
11 months ago Techrepublic.com
Hugging Face dodged a cyber-bullet with Lasso Security's help - Further validating how brittle the security of generative AI models and their platforms are, Lasso Security helped Hugging Face dodge a potentially devastating attack by discovering that 1,681 API tokens were at risk of being compromised. The tokens ...
11 months ago Venturebeat.com
Uncertainty Is the Biggest Challenge to Australia's Cyber Security Strategy - Political shifts could lead to changes in Australia's cyber security strategy. Early in 2023, as the Australian government started to craft its cyber security vision, it met with opposition at both ends of the political spectrum. On the right wing, ...
10 months ago Techrepublic.com
Australian SMBs Faces Challenges in Cyber Security - The internet has turned into a challenge for small to midsize businesses based in Australia. As 60% of SMBs close following a breach, companies that are breached are likely to fail later. According to a recent report by ASIC, 'medium to large' ...
11 months ago Cysecurity.news
Cyber Insights 2023: Cyberinsurance - The result is more than a dozen features on subjects ranging from AI, quantum encryption, and attack surface management to venture capital, regulations, and criminal gangs. In 2022, Russia invaded Ukraine with the potential for more serious and more ...
1 year ago Securityweek.com
CVE-2021-47553 - In the Linux kernel, the following vulnerability has been resolved: sched/scs: Reset task stack state in bringup_cpu() To hot unplug a CPU, the idle task on that CPU calls a few layers of C code before finally leaving the kernel. When KASAN is in ...
5 months ago Tenable.com
Cyber Insights 2023: The Geopolitical Effect - The result is more than a dozen features on subjects ranging from AI, quantum encryption, and attack surface management to venture capital, regulations, and criminal gangs. The Russia/Ukraine war that started in early 2022 has been mirrored by a ...
1 year ago Securityweek.com

Latest Cyber News


Cyber Trends (last 7 days)


Trending Cyber News (last 7 days)