Kroll is reporting that 85% of executives say they were hit with a cyber incident in the past year in their 2016/2017 Kroll Annual Global Fraud and Risk Report. Malicious insiders post the biggest threat.
33% of survey respondents suffered one or more virus attacks and 26% reported experienced email-based phishing attacks. Intellectual property theft was the most common type of security incident, as reported by 38% of executives who experienced security problems. An increase in corporate fraud was driven by incidents of market collusion (15%) and misappropriation of company funds (11%).
Current and past employees are primary sources of fraud, cyber, and security issues. Nearly half (44%) of respondents hold insiders responsible for cyber incidents; more than half (56%) say insiders were “key perpetrators” of security problems.
Three-quarters (76%) of companies have begun to mitigate risk by implementing in-house security assessments of their IT and data infrastructure, execs report.