Financial Crime World

Italy’s Big Companies Hit by Cyber-Attacks: 67% Report Increased Threat

A recent survey by the Observatory of Politecnico di Milano has revealed a staggering 67% of big companies in Italy have experienced an increase in cyber attacks compared to the previous year. Furthermore, 14% of these companies reported concrete and serious losses as a result.

The study analyzed data from the first six months of 2023 and found that two-thirds of cyber-attacks in Italy were linked to cybercrime, accounting for 69% of all incidents. While this represents a significant decrease compared to last year’s figures, which showed cybercrime accounted for 93.1% of total attacks, the number of incidents continues to rise steadily.

  • Cybercrime: 69% of all incidents
  • Hacktivism: 30% of all incidents (higher than the global average of 7.7%)

Most Targeted Sectors

The financial industry emerged as the most targeted sector, with 34% of all attacks globally recorded targeting Italian manufacturing companies. The financial and insurance sectors saw a significant increase in severe attacks, jumping to fourth place with 9% of all incidents.

  • Financial Industry: 34% of all attacks
  • Manufacturing Companies: 34% of all attacks

Primary Cyber Techniques Used by Hackers

Malware, including ransomware, was found to be the primary cyber technique used by hackers, accounting for 31% of all attacks. DDoS attacks also saw a notable increase, rising from 4% in 2022 to 30% in the first half of 2023.

  • Malware: 31% of all attacks
  • DDoS Attacks: 30% of all attacks

Call to Action

The study highlighted the importance of enhancing users’ awareness of cyber threats, particularly in Italy where systems appear more affected than those in other countries. Experts warn that the growing prevalence of cybersecurity threats underscores the need for proactive measures to safeguard computer systems.

  • Enhance User Awareness: Prioritize cybersecurity and invest in training a pool of skilled professionals capable of preventing these attacks.
  • Proactive Measures: Protect against cyber-attacks and safeguard digital infrastructure.

Conclusion

As the threat landscape continues to evolve, it is clear that Italy must remain vigilant in its efforts to protect against cyber-attacks and safeguard its digital infrastructure. The consequences of not doing so can be severe, with 14% of big companies already reporting serious losses.

“We urge companies and administrations to prioritize cybersecurity and invest in training a pool of skilled professionals capable of preventing these attacks,” said Dr. [Name], lead researcher at the Observatory of Politecnico di Milano.