Cybercrime continues to haunt US businesses and government agencies, survey finds

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The 12th annual survey of cybercrime trends in the US has found that Cybercrime is on the rise and that those looking to break into computers and systems and steal confidential information from them are technologically more advanced than those trying to stop them.

Three out of four respondents out of the 500 executives who participated in the survey revealed that they had detected a security breach in the past year and there were 135 security intrusions on an average per organisation.

The survey also found that the top five cyberattack methods were malware, phishing, network interruption, spyware and denial-of-service attacks. Twenty eight percent of the respondents revealed that attackers were insiders – either contractors or service providers or current and former employees.

The annual survey was co-sponsored by the CERT Division of Carnegie Mellon University’s Software Engineering Institute, PwC, the U.S. Secret Service, and CSO security news magazine.

Ed Lowery, U.S. Secret Service’s criminal investigative division head, said in a statement that organisations and governments need to take “a radically different approach to cybersecurity” that goes beyond traditional security practices including antivirus software, training employees, working closely with contractors and setting up tighter processes.