In 2021 70% of all companies were impacted by IT related fraud
Most common fraud is from information theft after a security breach
With the greater dependence by corporations on open INTERNET-based systems there has been a notable increase in fraud and theft. In 2021, 70% of companies were impacted by IT-related fraud. IT-related fraud is now the most common security threat that enterprises of all types and sizes face. IT professionals not only need to be concerned with the protection of sensitive information in the new mobile computing environment.
Janco in its monthly interviews of CIOs found that one in three organizations has experienced some type of fraud associated with their systems.
Janco conducted a security survey of 827 senior executives, 62 percent of them at the C-suite level. They found that over seventy percent of CIOs and CFOs said their companies experienced fraud in the previous 12 months. That is compared to 61% percent in 2021. The fraud they found went beyond IT systems.
Types of Cyberattacks
During the survey we found 7 primary types of cyberattacks including ransomware.
Spam
Mass Phishing
Impersonation
Financial Fraud
Vendor Fraud
Credential Phishing
Account Takeover
Top 10 Enterprise Security Weaknesses
Keep reading with a 7-day free trial
Subscribe to CIO and IT Management Newsletter to keep reading this post and get 7 days of free access to the full post archives.