Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

FDF - Federal Department of Finance : Attacks on SMEs in the spotlight – the 15th MELANI semi-annual report

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/18/2012 | 06:44am EDT
Berne, 18.10.2012 - The Reporting and Analysis Centre for Information Assurance (MELANI) published today its report for the first half of 2012. The main topics covered include the multiplication of data theft incidents affecting SMEs, the hampering of client communication by phishing attacks, the cyber conflict during the Arab Spring and the plans for cooperation on information security at national and international level.

Acquiring data illegally, whether through hacking or phishing, was on the increase again last year. The attempts to steal company, client or credit-card data which are made public usually concern attacks against large companies. However, these particularly high-profile attacks are only the tip of the iceberg, as the MELANI semi-annual report published today shows.

Multiplication of attacks against SMEs

In the first half of 2012, numerous large companies were once again the target of cyber attacks involving the theft of client data - mainly usernames and passwords, but also credit-card data. Among those affected were LinkedIn, Global Payments, Yahoo and Twitter. However, from a study carried out in 2011 it is clear that these attacks account for only a small proportion of the total. Of the 885 incidents investigated worldwide, 75% of attacks were perpetrated against small and medium-sized enterprises (SMEs) with fewer than 1,000 staff. This can be explained by the fact that SMEs are not as familiar with the ins and outs of information security as larger companies are. This also means an increase in the possibilities for attack.

Phishing hampers client communication

Phishing attacks are observed on a daily basis in Switzerland. In most cases, e-mails deceive a company's clients into revealing their username, password or credit-card details. Attacks via telephone - known as voice phishing - have also increased over the past six months. Here the victim is misled into believing an ICT support provider is on the line. The aim here is to convince the victim to give the supposed provider remote access to his or her computer. The attacker thereby gains access to all data such as credit-card information, for example.

The victims are not the only ones adversely affected by such attacks. For companies and their client communication, it is becoming increasingly difficult to prove to clients in their own communications that the sender is authentic.

The cyber component of the Middle East conflict

The violent upheaval of the Arab Spring was accompanied by a cyber conflict which continues on to this day. Many different ways are tried to infiltrate not only e-mail accounts, but also social network groups, in order to obtain information on planned activities and the identities of the persons involved, as well as other useful data. Furthermore, on a regular basis websites are brought down, documents belonging to the state or to individuals are stolen, and malware is used for sabotage purposes.

National strategy to protect Switzerland from cyber risks

On 27 June 2012, the Federal Council adopted a national strategy to protect Switzerland from cyber risks (NSC). The Federal Council thereby took account of various parliamentary proposals calling for stronger measures against cyber risks. The strategy should allow businesses and the authorities to work together more closely. Moreover, the following objectives should be achieved: early identification of virtual threats and dangers; improved resilience of critical infrastructures; and an effective reduction of cyber risks such as cyber crime, cyber sabotage and cyber espionage. The measures as defined in the strategy are to be implemented by the end of 2017, and a yearly progress report on implementation status is to be submitted to the Federal Council. Coordination of strategy implementation has been entrusted to the Federal IT Steering Unit (FITSU) and MELANI.

International cooperation in Europe

In order to fight cyber crime successfully also at the international level, on 28 March 2012 the European Commission proposed to set up a new European Cybercrime Centre at Europol, the European law enforcement agency headquartered in The Hague. The centre is scheduled to begin operations on 1 January 2013.

Max Klaus, Deputy Head of MELANI
Federal IT Steering Unit FITSU
Tel. 031 323 45 07
max.klaus@isb.admin.ch
distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
09/21U.S.-Japan trade talks will bring peace of mind to farmers, automakers - Motegi
RE
09/21SoftBank mulls bringing 40 companies to Brazil
RE
09/21PRIME MINISTER OF HUNGARY : A Christian Democratic state has been built in Hungary
PU
09/21Labour government would abolish 'non-domiciled' status in first budget
RE
09/21ADB ASIAN DEVELOPMENT BANK : Vice-President Reaffirms Commitment to Uzbekistan's Development
PU
09/21Tanzania sees 2019/20 cashew nut output up 33 percent - minister
RE
09/21MIN ZHANG : China traders cut back Iran iron ore purchases ahead of tariff hike
RE
09/21PRESIDENT OF RUSSIA : Greetings to President of Armenia Armen Sarkissian and Prime Minister Nikol Pashinyan on Armenia's national holiday – Independence Day
PU
09/21Hopes for trade breakthrough fade as China cancels U.S. farm visits
RE
09/21NATIONAL PORK BOARD : Clearing the Way for New Opportunities
PU
Latest news "Economy & Forex"