Many companies aren't prepared for darknet data leaks

Date:
Wed, 05 Jul 2023 13:43:59 +0000

Description:
Many are showing indifference and lacking points of contact, while some deny being breached in the first place.

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Many businesses are woefully unprepared for having their sensitive data leak on the dark web., a new report from cybersecurity researchers Kasperskyhas claimed.

As per Kasperskys report, which analyzed a host of leaks and connected with the affected organizations last year, the company discovered sensitive data, belonging to 258 companies worldwide, leaking all over the web. The data was being sold to the highest bidder and often included access to company systems and endpoints, access to compromised accounts, and similar.

Kaspersky tried to contact these organizations and warn them about the risks, including penalties, financial losses, and a loss of trust, particularly
among European businesses that are subjected to strict GDPR regulations. Appropriate reactions

That is where the researchers discovered how unprepared the firms are - 42% did not have a dedicated point of contact (POC) for cyber incidents. With
such events, it is paramount that businesses react fast, and without a dedicated POC, theyre losing precious time. Furthermore, more than a quarter (28%) showed indifference to the fact that their data was being shared with malicious third parties online, while 2% denied being breached and having
data stolen in the first place.

But its not all doom and gloom - some organizations did well, Kaspersky further claimed. Almost a quarter (22%) acted appropriately, the researchers said, acknowledging the information and addressing the risks. Another 6% knew of the incidents even before Kaspersky. Read more

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Data theft is one of the most popular forms of cybercrime these days. Ransomware operators almost always steal the data before encrypting the systems, and then demand payment in exchange for the decryption key and for not leaking the data on the dark web. In more recent times, some threat
actors even abandoned encrypting systems altogether, focusing entirely on stealing data.

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Via: Infosecurity Magazine



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Link to news story: https://www.techradar.com/pro/many-companies-arent-prepared-for-darknet-data-l eaks


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