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SGS Releases List of 2017 Cyber Attack Trends

Cyber-attacks are an increasing problem in an online world. SGS experts look at some of the main threats affecting businesses and private citizens.

Geneva, Switzerland, January 10, 2018 --( Every day the news carries stories of companies being subjected to the destructive and costly affects of cyber-attacks. Like all organizations with an online presence, SGS is targeted by these criminals but, so far, they have been lucky enough to avoid a breach. This isn’t just a case of being fortunate. Successfully keeping cyber-attackers out of your systems requires a considerable amount of effort and planning, but the first step is to know the threat.

Email: The Cyber Criminals Friend
One of the cyber-attackers’ main weapons continues to be email. It represents a clear and present danger to users, with security software company. Criminals are now finding ways to automate this form of attack by utilizing tools designed for legitimate use. This speeds up the process for the attacker, making the threat all the more worrying for users.

The Rise of Ransomware
An increasingly popular form of cyber-attack is ransomware – a type of malicious software that threatens to publish a victim's data or perpetually block access to it via encryption. The criminal will demand a ransom to remove the encryption, and current figures suggest around 60 percent of Americans yield to this form of extortion, which explains its increasing popularity. It is reported that ransomware attacks have seen a 35 percent increase in 2017, with some estimates suggesting a further ten-fold increase over the next year.

New Threats in The Cloud
With companies ceding more and more of their data and processing power to the cloud, cybercriminals are increasingly looking for ways to exploit the cracks in its security. Last year, thousands of MongoDB (an American software company that develops and provides commercial support for open source databases) files were hijacked and held for ransom after users left outdated versions exposed without authentication enabled. Certification for cloud vendors is available, from companies like SGS, to help mitigate this risk.

New Opportunities in the “Internet of Things”
As technology advances, the adoption of network enabled devices is rapid and widespread. The IoT, “Internet of Things,” offers convenience and connectivity, but it also comes with its own vulnerabilities, which can be exploited. In 2016, IoT devices faced their first major Distributed Denial of Service (DDoS) attack.
There are issues surrounding cyber-security but it is by no means an exhaustive list of all threats. Technology evolves rapidly, meaning companies like SGS are constantly expanding their range of cyber-security offerings, in order to meet each new challenge.

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For further information, please contact:

Edward C. Beesley
IT Manager - Software and Services
t: +201 508 3071

About SGS
SGS is the world’s leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 90,000 employees, SGS operates a network of over 2,000 offices and laboratories around the world.
Contact Information
Anna Amato
201 508 3029

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