The digitalisation of the economy creates both a great opportunity and a major cybersecurity challenge for companies
Did you know that, according to a study by Deloitte, 94% of Spanish companies suffered a serious cybersecurity incident in 2021? This may or may not surprise you, but this data shows the great challenge of cybersecurity for Spanish companies and how the importance of the digital world has been generating a series of opportunities for companies that, in turn, must be accompanied by a seamless strategy to solve any cybersecurity breach in their systems.
Every day we wake up to notifications of service crashes of some of our everyday applications and services, as well as news about the exposure of user data following an attack on a database of a given company or institution. And the fact is that cyber-attacks, or attempts thereof, are becoming the daily bread of every company exposed to the digital world; a scenario that does nothing but grow year after year, going from 1.69 incidents on average in each company in 2020 to 2.13 incidents per company on average in 2021. This is in addition to the fact that 25% of the companies analysed in the study have suffered more than 2 cyber-attacks during the aforementioned year, raising to 69% the percentage of companies that have suffered 1 or 2 cyber-attacks, with insurance, telecommunications and technology, industrial and banking companies being the most exposed to this type of exploitation of vulnerabilities.
But what are the main cybersecurity challenges facing businesses today? According to the report published by the European Union Agency for Cybersecurity (ENISA Threat Landscape), of the more than 10 terabytes of data stolen every month, ransomware remains the main method of cybercrime along with phishing.
These are the main threats to businesses:
- Ransomware: Up to 60% of organisations attacked may have paid a ransom for data.
- Malware: 66 zero-day vulnerability disclosures observed in 2021
- Social engineering: Deception methods such as phishing are evolving by customising them into new variants such as targeted phishing, whaling, smishing and vishing.
- Threats to data: The more data handled by users and enterprise, the more exposure and the greater the threat to data.
- Threats to availability: The largest denial of service (DDoS) attack was launched in Europe in July 2022;
- Internet: Destruction of infrastructure, outages and diversion of Internet traffic.
- Disinformation: The rise of counterfeiting and the use of Artificial Intelligence correlates with the growing rise of disinformation.
- Supply chain segmentation: Third-party incidents accounted for 17% of intrusions in 2021 compared to less than 1% in 2020
Spanish companies facing the challenge of digital security
Thus, in order to offer visibility to companies, the Guardia Civil—the Spanish military police—, Ikusi—specialists in technological services and cybersecurity—and CISCO have organised the event “Spanish companies facing the challenge of cybersecurity“, which will take place on Thursday 2 March, between 09:30 and 12:00, in the Atlanta Room (6th floor) of the Hotel Eurostars Madrid Tower.
This forum will showcase the vision of some of the country’s leading experts in cybersecurity for companies, such as Mr. Juan Salom Clotet, Colonel Head of the Civil Guard’s Cybersecurity Coordination Unit, who will talk about the fact that cybersecurity is not only a question of technology, but also of people’s awareness and behaviour; or Mr. Ángel Ortiz, Director of Cybersecurity at Cisco Spain, who will present the statistics on the growth of cyberthreats in terms of number and complexity.
Want to attend the cybersecurity colloquium? Register for the event by clicking on the photo: