Global cyberattacks are growing at a fast pace: Microsoft report

MS_report

Microsoft has issued its annual Digital Defense Report, which detailed the cyber threat landscape and digital defense tactics implemented and discovered by the company between July 2021 and June 2022.

According to the research, nation-state cyberattacks on key infrastructure have surged by 20 to 40% in the last year. The Seattle-based company blames the increase on Russia’s attacks on Ukraine and its supporters.

“Russia accelerated its attempts to compromise IT firms as a way to disrupt or gain intelligence from those firms’ government agency customers in NATO member countries,” said Tom Burt, Microsoft’s corporate vice president of customer security and trust, in a blog post. 

He added that around “90% of the country’s attacks we detected over the past year targeted NATO member states and 48% of these attacks targeted IT firms based in NATO countries.”

destruction in ukraine
Many phishing attacks have been noted where people request payments for the aid of Ukrainian citizens. Photo: National Police of Ukraine

Throughout the 12-month period, new phishing tactics have emerged, and Microsoft researchers have seen an uptick in emails imitating reputable organizations asking for cryptocurrency payments in Bitcoin and Ethereum, claiming to help Ukrainian residents.

“While it’s tempting to focus on nation-state attacks as the most interesting cyber activity from the past year,” Mr Burt wrote, “it would be a mistake to overlook other threats, particularly cybercrime, which impacts more users in the digital ecosystem than nation-state activity.”

Ransomware also on the rise

Microsoft also discovered that the number of estimated-password assaults per second surged by 74% globally, fueling ransomware attacks. At the same time, the overall number of ransomware instances in North America and Europe has decreased since the results in 2021.

Microsoft’s new ‘influence operations’ portion of the study also examined the employment of propaganda both locally and globally over the previous year, as well as how this relates to future hacks.

Microsoft’s Burt believes that strong cyber hygiene practices like multi-factor authentication, updating security updates, being deliberate about who has privileged access to systems, and adopting current security solutions will help organizations stay safe from intrusions in the future. 

He also believes that governments, the private sector, and organizations must include security in their culture.

Read the full report here.

If you would like to learn how to protect your business from the rise of such attacks, get in touch. Cloudica assesses your system and propose cost-effective and efficient solutions for your specific business model.

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Once the above questions have been answered, a disaster recovery and backup readiness index can be calculated based on the following scale: 

  • Level 1: Inadequate – The organization has significant gaps in its disaster recovery and backup posture.  
  • Level 2: Developing – The organization has some disaster recovery and backup processes in place, but significant improvements are needed.  
  • Level 3: Mature – The organization has a mature disaster recovery and backup posture, but there is room for improvement.  
  • Level 4: Robust – The organization has a strong disaster recovery and backup posture and is well-prepared to address potential disruptions.  
  • Level 5: Exceptional – The organization has a comprehensive and mature approach to disaster recovery and backup. 

The disaster recovery and backup readiness index can be calculated by assigning a score of 1-5 to each question based on the level of readiness demonstrated. The scores are then averaged across all questions in each category to determine the readiness level for that category. The overall disaster recovery and backup readiness index is calculated by averaging the readiness levels across all categories. 

Level 1: Basic
You have minimal cybersecurity processes in place and face a high risk of cyberattacks. Immediate attention and significant improvements are necessary to enhance your security posture.

Level 2: Developing
You have some cybersecurity processes in place but require substantial improvements to reach a mature state. You should focus on strengthening your policies, procedures, and security controls.

Level 3: Mature
You have a solid cybersecurity posture, but there is still room for improvement. You should continue enhancing your processes, monitoring capabilities, and incident response practices.

Level 4: Advanced
You have a strong cybersecurity posture and are well-prepared to address potential threats. However, you should remain proactive and stay abreast of emerging threats and technologies to maintain your advanced level of security.

Level 5: Leading
You have a comprehensive and mature approach to cybersecurity. You are a leader in cybersecurity best practices and continually innovate to stay ahead of evolving threats.

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