Security News > 2021 > March > 3 in 4 companies have experienced account takeover attacks in the last year

The fact that 3 in 4 companies have experienced malicious account takeover attacks highlights the need to track and secure identities as they move from on prem to the cloud.

Just one in three security professionals believe they could identify and stop an account takeover attack immediately, the majority expect to take days or even weeks to intercept such a breach.

Account takeover is replacing phishing as the most common attack vector and MFA defenses are speed bumps not forcefields.

The survey also reveals a high level of confidence amongst security teams in the effectiveness of their own company's security measures: nearly 4 in 5 claim to have good or very good visibility into attacks that bypass perimeter defences like firewalls.

Overall, the top security concerns cited by Microsoft Office 365 customers are the risk of compromise of data held in the cloud, the risk of account takeover and the ability of hackers to use living-of-the-land attacks to hide their tracks.

"Attackers have also moved their focus to the cloud to gain a foothold into the organization and then move laterally into the network. Like many healthcare organizsations we've seen a sharp rise in spear phishing attacks during the last year, so it's vital that security professionals don't get complacent and remain on high alert, as remote working is definitely here to stay and so too are the hackers."

News URL

http://feedproxy.google.com/~r/HelpNetSecurity/~3/JWPLxma3_pc/