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Cyber Threats Escalate Ahead of Global Elections

TL;DR

  • Cyber threats are growing, fueled by AI and human error, urging companies to strengthen defenses and train employees.
  • Human mistakes cause most breaches, while AI enhances phishing and ransomware attacks.
  • Email is risky, but collaboration tools pose new threats, demanding proactive security measures.

Cybersecurity threats are escalating at an alarming pace, with the imminent year marking a pivotal period as over 50 countries gear up for elections. According to Mimecast’s eighth annual report, cybercrime is surging, propelled by emerging technologies such as AI and deepfake, posing unprecedented challenges to digital defense mechanisms.

Human error emerges as prime security gap

The report underscores human error as the most significant vulnerability in today’s cybersecurity landscape. Shockingly, 74% of all cyber breaches are attributed to human factors, encompassing errors, stolen credentials, misuse of access privileges, and social engineering. This highlights the critical need for organizations to enhance employee training and equip staff with adequate tools to mitigate risks effectively.

With the advent of AI, cybersecurity professionals are grappling with novel challenges. The proliferation of AI technology facilitates phishing and ransomware attacks as threat actors leverage their capabilities to orchestrate sophisticated assaults. 

Alarmingly, 8 out of 10 respondents expressed apprehension regarding the new threats posed by AI, with 67% predicting AI-driven attacks to become commonplace. This necessitates a proactive approach from IT teams to fortify defense strategies against evolving cyber threats.

Email and collaboration tools under siege

Email continues to reign as the primary conduit for cyber threats, including phishing, spoofing, and ransomware. However, the Mimecast report highlights the burgeoning risk posed by collaboration tools, which serve as potential entry points for malicious actors. A significant majority—70% of respondents—anticipate new threats from collaboration platforms, with 69% expressing concerns about potential harm to their organizations from such attacks.

Marc van Zadelhoff, Mimecast CEO, emphasized the imperative for collaboration between cybersecurity and business leaders to combat human-centric risks effectively. He stressed the importance of leveraging tools and education to bolster defenses and mitigate the ever-evolving threat landscape.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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James Kinoti

A crypto enthusiast, James finds pleasure in sharing knowledge on fintech, cryptocurrency as well as blockchain and frontier technologies. The latest innovations in the crypto industry, crypto gaming, AI, blockchain technology, and other technologies are his preoccupation. His mission: be on track with transformative applications in various industries.

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