Wipro, the Asia-based IT giant recently conducted a research on cyber attacks and came to a conclusion that 1 out of every 2 cyber attacks witnessed a password breach. The Cybersecurity Report of 2017 released by Wipro says that 56% of breaches were related to passwords implying that further damage could be committed by hackers using stolen data.
Wipro claimed in a media statement that its report was compiled after interviewing the Chief Information Security Officer (CISO) teams working in more than 139 organizations across various business verticals operating in more than 11 countries. The countries include names of some developed nations like Europe, North America, West Asia, South Asia and APAC.
Wipro’s Cyber Security Report of 2017 carefully evaluates trends in current security practices and analyzes thousands of attempted security attacks and incidents captured during 2016 by Wipro’s Cyber Defense Centers.
The cyber security report compiled by the Information Technology giant also offers an insight on the ongoing disruptions in the domain of cyber security.
Researchers discovered that cyber attacks or data thefts on certain high-level enterprises were often aggravated by the reaction on social media. This not only made the investors of those companies run away or think again but also affected the overall name of the company on the business front.
For example, Yahoo’s 2016 breach which made its buyer Verizon postpone the deal by 4 months and also cut down the purchase price by 15%.
Wipro’s report also divulged a surprising fact which says that majority of security products are themselves vulnerable to exploitation—strange….isn’t it?
Finally, the report concludes that cyber security has become a concern driven priority to most businesses nowadays. As it has become very critical for companies to identify risks near real-time and empower stakeholders to take actions and decisions based on priority.