Telecom, mass media, construction development firms top cyberattack targets in 2024: report

ISLAMABAD: Telecom, mass media, and construction development companies are the top cyberattack targets in different countries including Pakistan during 2024.

According to a new report of a global cybersecurity company (Kaspersky) issued on Thursday, the telecoms faced the greatest number of incidents, likely due to attackers’ interest in sensitive data and trusted relationships exploitation. In turn, mass media are traditionally targeted during international conflicts, while construction development firms may be also attractive for threat actors due to their extensive subcontractor use.

In the telecommunications sector, there were 284 cybersecurity incidents per 10,000 systems, according to Kaspersky Managed Detection and Response (MDR) statistics for January-June 2024. Mass media companies experienced 180 attacks per 10,000 systems, while the construction development, food and industrial sectors followed with 179, 122 and 121 incidents, respectively.

“A successful attack, especially an advanced one, on a telecom company can expose millions of customers’ records, including contact details, social security numbers, and credit card information. That’s why this sector is so attractive for cybercriminals. The mass media organizations become an increasingly frequent target during international conflicts, which are often characterized by information warfare in which they play a crucial role. The construction development firms, in turn, have significant cash flows and rely on subcontractors, making them vulnerable to attacks via trusted partners’ infrastructures and spear phishing,” explained Sergey Soldatov, Head of Kaspersky Managed Detection and Response.

Telecommunication companies also faced the highest average number of critical incidents, with 32 attacks per 10,000 systems.

“Critical incidents are human-driven attacks or malware threats that have a potential or actual significant impact on the company’s infrastructure,” explained Sergey Soldatov. The IT industry follows with nearly 12 average critical incidents, while government sector experienced 8 average critical incidents in the first half of 2024.

To protect against cyberthreats to enterprises, Kaspersky recommended strong endpoint protection that builds up your security with EDR and XDR, such as Kaspersky Next. In addition to adopting essential endpoint protection, use a corporate-grade security solution that detects advanced threats on the network level at an early stage, such as Kaspersky Anti Targeted Attack Platform. Implement Managed Detection and Response (MDR) to proactively seek out threats. To make sure infrastructure is not compromised, periodically conduct compromise assessment, and in case of clear evidence of a cyberattack, start incident response, the report added.

Copyright Business Recorder, 2024