Cybercriminals are increasingly targeting ultra-high net worth individuals and their family businesses. Lewis Henderson, vice president of threat intelligence at the UK-based Glasswall Solutions, says some attackers find it increasingly challenging to get into large corporations and are putting more of their efforts into attacking the super-rich and their estates and businesses.
"We've found that they are using similar tactics and techniques, such as using email and attachments and ransomware," Henderson says.
The conclusions drawn by Glasswall mirrors research conducted by UK-based Campden Wealth, which found that 28% of the UHNW families reported having been the victim of one or more cyberattacks. While UHNW families have an estimated net worth of at least $30 million, Campden Wealth recommends that those setting up single-family offices have wealth of $150 million or more.
Many of the families that open single-family offices have far in excess of $150 million, with their average net worth standing at $1.2 billion, according to the Campden Wealth/UBS Global Family Office Report.
Dr Rebecca Gooch, Campden Wealth's director of research, says phishing was the most common type of attack, followed by ransomware, malware infections, and social engineering. She says UHNW individuals are targeted in a variety of ways including via their operating businesses, family offices, or through the family members themselves.
Half Of Global Organisations Not Prepared For Cyberattacks
It is believed that more than 4,000 cyberattacks occur daily worldwide, but half of organisations across the globe admit they are not prepared for such events.read more
Secure Your Physical Business Against Data Theft
Data theft does not just happen in cyberspace, but in the physical business environment, too. Lax physical security can allow criminals to access your computers, filing cabinets, documents left on desktops, etc. Here are some tips for you to ensure your everyday working environment is safe and secure.read more
UK Launches Third NCSC Annual Review
Paymaster General and Minister for the Cabinet Office Oliver Dowden MP has launched the UK's National Cyber Security Centre's third Annual Review. In his presentation speech, he said: "Thank you, everyone, for joining us this morning. Cybersecurity is genuinely a massive priority for the government and it gives me great pleasure to launch the National Cyber Security Centre’s third Annual Review.read more
Kaspersky Releases Information Security Report
To budget for information security, companies need to consider factors such as average potential losses, preferably by incident type, as well as other businesses’ average, outlays on security. Precise data on such questions do not get published, which is why Kaspersky conducts an annual survey of employees who make business decisions related to IT security for a variety of companies. The results of its 2019 survey have just been published.read more