ARTICLE
17 December 2019

Bad Holiday Season News! Estimates Of An Increase Of Cyberattacks 20%!

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Foley & Lardner

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Foley & Lardner LLP looks beyond the law to focus on the constantly evolving demands facing our clients and their industries. With over 1,100 lawyers in 24 offices across the United States, Mexico, Europe and Asia, Foley approaches client service by first understanding our clients’ priorities, objectives and challenges. We work hard to understand our clients’ issues and forge long-term relationships with them to help achieve successful outcomes and solve their legal issues through practical business advice and cutting-edge legal insight. Our clients view us as trusted business advisors because we understand that great legal service is only valuable if it is relevant, practical and beneficial to their businesses.
Darkreading.com reported about VMWare Carbon Black's "…new analysis of threat data suggests retailers will experience a 20% increase in attempted cyberattacks this holiday shopping season…"
United States Technology

Darkreading.com reported about VMWare Carbon Black’s “…new analysis of threat data suggests retailers will experience a 20% increase in attempted cyberattacks this holiday shopping season…”  The December 12, 2019 report entitled “Cyberattacks on Retailers Could Increase 20% this Holiday Season” included these comments from Carbon Black from a recent survey of 20 CISOs and major retail organizations:

The analysis shows a surprisingly high proportion of retailers already have been impacted by recent cyberattacks. 

More than seven in 10 organizations (73%) reported an increase in online attacks over the past year, and 40% said they had lost revenue in 2019 as the result of one.

One-third of the CISOs VMWare Carbon Black surveyed described their organizations as having experienced an attack where threat actors got into their networks by moving laterally from the network of a partner or vendor. 

Troublingly, one in five organizations experienced a destructive attack, such as one involving ransomware or disk-wiping malware.

Happy Holidays, and be careful!

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