What is the state of cyber crime in 2015?

What is the state of cyber crime, especially this year, as we’ve weathered data breaches in major corporations like Anthem and Target and seen small businesses face the aftermath of hackers, too?

The 2015 US State of Cybercrime survey has recently been released and we recommend all business owners – and users of the Internet, for that matter – giving it a read.

Co-sponsored by PwC, CSO, the CERT Division of the Software Engineering Institute at Carnegie Mellon University and the United States Secret Service, this survey culls together responses from more than 500 businesses, law enforcement & government agencies, as well as PwC’s 18th Annual Global CEO Survey, the Global State of Information Security® Survey 2015, and the 2015 Digital IQ Survey.

“We evaluated trends in the frequency and impact of cybercrime incidents, cybersecurity threats, information security spending, and the risks of third-party business partners in private and public organizations,” survey authors wrote. “We also assessed how businesses are adapting to evolving expectations of the information security function and the Board of Directors.”

Read the complete survey results here.

Want a recap? Here are some highlights.

-76% of the respondents are more concerned about cyberthreats this year and “a record 79% of survey respondents said they detected a security incident in the past 12 months.”

-Size matters. Survey results found that there is a “significant correlation” between company size and the ability to detect not only cyber threats, but also actual incidents after they occur.

Phishing campaigns are on the rise  with 31% saying they had experienced phishing attack in 2014.

Cyberattacks are becoming more frequent and destructive. “It’s clear that adversaries continue to advance their threats, techniques, and targets,” survey authors wrote. “They are investing in technologies, sharing intelligence, and training their crews to attack with purpose and competence.”

Ransomware “is becoming more sophisticated and commonplace.” According to the survey report: the FBI recently warned that this type of attack, in which adversaries take control of a company’s data until it pays a ransom, is on the rise.5 In 2014, 13% of Cybercrime Survey respondents said they had been a victim of ransomware. We expect that reports of ransomware will continue to mount.

-While at Sera-Brynn we are known to advise all businesses that technology alone will not defeat cyber threats, 50% of Boards view cybersecurity as an IT issue. Futhermore, the survey uncovered that companies are relying on technology solutions to manage cybersecurity risks.

There is much more in the 16-page report. Do download it now and read to get a better sense of today’s cyber landscape and the threats within it.