Cybercriminals exploiting new industry vulnerabilities 43% faster in latest report

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Cyberattacks News

Cybersecurity,Technology

The report also reveals that phishing remains the most prevalent form of a cyberattack in the Philippines

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The report found that cyberattackers increased the speed at which they exploit vulnerabilities by 43% compared to the first half of 2023, indicating a growing threat. The firm found that, on average, attacks started 4.76 days after new exploits are found and publicly disclosed. For example, in their older first half report, the firm found, “Within seven days of publication , 22% of vulnerabilities with the highest EPSS scores saw exploitation activity, compared to just 0.07% of those in the bottom half of EPSS scores.”

Not all vulnerabilities are attacked though, with Fortinet finding that less than 9% of all known endpoint vulnerabilities were targeted. What this means is that cybersecurity teams can work to prioritize the types of vulnerabilities that are being targeted the most – a key resource management tactic in a department that’s usually undermanned in most industries.

Efforts by cybercriminals have remained effective, with 62% of surveyed organizations in the Philippines having seen three times as many breaches in 2023 than the previous year.

 

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