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European businesses better at quickly detecting security breaches

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March 14, 2017

Initial reports indicate that the European energy sector is being targeted by advanced threat perpetrators seeking proprietary information to advance the overall capabilities of various domestic companies.

That data comes to us from the internet consultancy FireEye Mandiant.

The latest annual report by FireEye's incident response team further warns that cyber threat groups are also targeting various industrial control systems located in Europe for potentially disruptive or destructive operations.

The capability of cybercriminals today is starting to rival that of nation state spies and ISIS, according to the internet security firm.

While nation-states continue to set a high standard for sophisticated cyber attacks, some financial threat actors have caught up to the point where we no longer see the fine line separating the two.

On many levels and to a much greater extent, financial attackers have improved their tactics and various procedures to the point where they have become difficult to detect.

They are also a lot more challenging to investigate and remediate in a timely fashion as well, and the trend is definitely on the rise.

On a global level, enterprises and organizations of all sizes are getting a little better at detecting security breaches more quickly, but responses still run into weeks and even months rather than just a few days.

However, EMEA Dwell Time (the average time to detect a potential security breach) has dropped significantly since mid-2016.

For its part, FireEye is reporting that the average number last year was about 104 to 107 days on average compared to 468 to 470 days in 2015.

"But this is still much greater than the global average of about 79 days, give or take" asserted FireEye Mandiant. We'll keep you in the loop.

Source: FireEye-Mandiant.

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Read the latest IT news. Visit ItDirection.net. Updated several times daily.

If you need reliability when it comes to SMTP servers, get the best, get Port 587.

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