Big Companies in Italy Hit Hard by Cyber-Attacks: 14% Report Significant Losses

A recent report from the Observatory of the Politecnico di Milano has revealed a startling trend in Italy, where 67% of big companies have fallen victim to cyber-attacks over the past year, with 14% reporting significant financial losses.

The Rise of Hacktivism

While traditional cybercrime remains a significant threat, hacktivism is on the rise, accounting for 30% of incidents in the first half of 2023. This is significantly higher than the global average of 7.7%. These attacks are often linked to political statements, particularly in relation to the ongoing conflict in Ukraine.

Financial Institutions Under Attack

Financial institutions have been disproportionately affected, with 9% of all attacks targeting this sector, a significant increase from 3.7% in 2022. The growing use of fintech and outsourcing of banking services has created new vulnerabilities for hackers to exploit.

Malware and DDoS Attacks on the Rise

• Malware, including ransomware, remains the most commonly used technique, accounting for 31% of all attacks.
• DDoS attacks have also seen a notable increase, with 30% of incidents involving this type of attack.

Preventative Measures Crucial

The report emphasizes the importance of enhancing user awareness and implementing preventative measures to protect computer systems from these increasingly sophisticated threats. It also highlights the need for training a pool of skilled professionals capable of preventing these attacks.

Conclusion

The data suggests that big companies in Italy are facing an uphill battle in terms of cybersecurity, with many reporting significant financial losses as a result of these attacks. It is essential that businesses and governments take proactive steps to protect themselves against these threats and prevent further damage.