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Check Point survey reveals extent of targeted attacks driven by financial fraud

Check Point Software Technologies Ltd. this week announced the results of a new survey revealing 65% of organizations who experienced targeted attacks report the hacker’s motivation was driven by financial fraud, and resulted in business...


May 23, 2012  


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Check Point Software Technologies Ltd. this week announced the results of a new survey revealing 65% of organizations who experienced targeted attacks report the hacker’s motivation was driven by financial fraud, and resulted in business disruption and the loss of sensitive information, including intellectual property and trade secrets.

The report, entitled The Impact of Cybercrime on Businesses, also showed companies reporting an average of 66 new security attack attempts per week, with successful incidents costing businesses anywhere from $100,000 to $300,000. Among the list of top threats, Denial of Service (DoS) attacks were said to pose the greatest risk to organizations.

“Cybercriminals are no longer isolated amateurs,” said Paul Comessotti, the firm’s Canadian Regional Director. 

“They belong to well-structured organizations, often employing highly-skilled hackers to execute targeted attacks, many of whom receive significant amounts of money depending on the region and nature of the attack. Cybercrime has become a business. With bot toolkits for hackers selling today for the mere price of $500, it gives people insight into how big the problem has become, and the importance of implementing preemptive protections to safeguard critical assets.”

According to the survey, SQL injections were cited as the most serious types of attacks organizations had experienced in the last two years, and more than one third of respondents had each experienced APTs, botnet infections and DoS attacks.  Following investigations of targeted threats, respondents reported the biggest consequences were a disruption to their business and the loss of sensitive data and intellectual property.