Verizon Mobile Security Index: The shift to remote work sees a major rise in cybercrime
What you need to know:
NEW YORK, Aug. 02, 2022 (GLOBE NEWSWIRE) -- The traditional 9-to-5 in-office workday has shifted to an always-on hybrid or remote working world. With the increase in hours, locations and devices comes an increase in vulnerability for companies protecting themselves from cyberattacks. The Verizon Mobile Security Index (MSI) 2022 reveals that there is a continued rise in major cyberattacks in the last year involving a mobile/IoT device, up 22% year-over-year, that resulted in data or system downtime. With 85% of companies surveyed stating that they now have a budget dedicated to mobile security, there has never been a more pressing need to apply those funds to cyberthreat mitigation.
“For businesses–regardless of industry, size, or location on a map–downtime is money lost. Compromised data is trust lost, and those moments, although not insurmountable, are tough to rebound from,” said Sampath Sowmyanarayan, CEO, Verizon Business. “Companies need to dedicate time and budget on their security architecture, especially when it comes to off-premise devices: otherwise they are leaving themselves vulnerable to cyber-threat actors.”
Security teams face an uphill battle as the number of devices and remote workers increase, so much so that 79% of respondents agreed that the recent changes to working practices have adversely affected their organizations' cybersecurity. With the increased threat, it would seem that companies would double down on their policies. However, the findings point to the opposite, with 85% saying home Wi-Fi and cellular networks/hotspots are allowed or there is no policy against them, and 68% allow or have no policy against the use of public Wi-Fi.
Security mitigation should be a top priority
Awareness of the impact of a cyberattack is clear, with 64% of respondents saying that public awareness of cybersecurity risks will increase in the future. This is partly attributable to nearly two-thirds (66%) of companies stating that they had previously come under pressure to sacrifice mobile-device security “to get the job done,” with 52% succumbing to that pressure.
The MSI details four sectors of the mobile threat landscape: people and behaviors, apps, devices and things, and networks and cloud. Additionally, it provides expert insights into how to help safeguard against pending cybercrime attacks, such as establishing a “zero trust network access” (ZTNA) model and a secure access service edge (SASE) architecture, which are designed for a mobile-first and cloud-first world.
Impact across business sectors
The MSI highlights the impact of cybercrime on mobile security across various business sectors. Highlights are as follows:
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About the Verizon Mobile Security Index 2022
The Verizon Mobile Security Index 2022 findings are based on an independent survey of 632 professionals responsible for security strategy, policy, and management. They also do the buying, managing, and security of mobile and Internet of Things (IoT) devices for their companies.
The Mobile Security Index provides unique insights into the current mobile threat landscape and what organizations are, or in many cases aren’t, doing to protect their data and key systems. In addition to analysis from Verizon’s experts, the report includes insights and real-world data from leading security and management companies, including Absolute, Check Point, IBM, Ivanti, Jamf, Lookout, Netskope, Proofpoint, and Thales.
Read the full Verizon Mobile Security Index 2022, and learn more about what Verizon is doing to help address cybersecurity threats.
Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the world’s leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $133.6 billion in 2021. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.
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