cyber attacks

British companies bombarded with cyber attacks

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Five out of six large companies were targeted by cybercriminals in 2014, a 40 per cent increase over the year before.

Nearly one million new malware threats were released online every day in 2014, with five out of six large companies globally targeted, according to a new report.
The latest Internet Security Threat Report from cyber security firm Symantec ranked the UK second globally for targeted attacks in 2014, and top in Europe.
Almost two thirds of all targeted attacks struck small and medium-size businesses (SMBs), putting not only them but their business partners and customers at higher risk.

Email remained one of the most popular methods of attack for cyber criminals, with many using stolen email accounts from one corporate victim to phish other victims higher up the food chain.

Overall, phishing attacks increased eight per cent in 2014. However, attackers became more efficient – sending 20 per cent fewer emails to successfully reach their targets.

Attackers also continue to experiment with new attack methods across mobile devices and social networks to reach more people with less effort, according to Symantec.