Microsoft | Cybercrime: are our organizations well protected?

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 Microsoft |  Cybercrime: are our organizations well protected?

The pandemic has profoundly transformed the organization of work. More than ever before, organizations, workers and consumers are online. Result: this increased presence is exploding the business of cybercriminals. What are the solutions available to organizations to deal with this threat?

Posted at 7:30 a.m.

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As the ever-changing digital landscape, the portrait of cybercrime is also changing. Cybercriminals are no longer just individuals; they are also organized, sophisticated networks and nation-states with the resources to damage critical infrastructure.

No business sector is immune, including the most sensitive; think of governments, health care, information technology, financial services and energy. “As Canada’s Minister of National Defense recently stated, cybersecurity is one of the most significant economic and national security challenges we face,” said John Hewie, Chief National Security Officer at Microsoft.

Increased vulnerability

Most industries have massively adopted remote working in the past couple of years. However, this new reality is not without risk for organizations. A personal device used to log into corporate systems, insecure passwords, lack of a multi-factor authentication mechanism: cybercriminals can exploit the slightest security breach and cause real damage, both both financially and reputationally.


John Hewie, National Security Chief at Microsoft

Originally designed for office work, many security infrastructures were unprepared for a large-scale—and immediate—transition to a remote workforce. Infrastructure security should have been a primary concern, and it will need to be in the context of hybrid or flexible working environments.

John Hewie, National Security Chief at Microsoft

Possible solutions for the private and public sectors

In response to the increased sophistication of attacks, organizations must invest in cyber risk management. According to John Hewie, this management must be integrated at all levels of the company. It’s critical for organizations to have the right security infrastructure, provide cybersecurity training, and apply simple principles like zero trust (zero trust in English), where it is immediately assumed that there has been a violation, even by trusted users.


Sami Khoury, head of the Canadian Center for Cyber ​​Security

Organizations need to make sure they set the bar high when it comes to cybersecurity because, unfortunately, the question is no longer whether they will experience a cyber incident, but rather when, and how severe it will be. What matters is having an incident response plan in place along with proper procedures to recover quickly. Being prepared also means knowing the cybersecurity resources at your fingertips.

Sami Khoury, head of the Canadian Center for Cyber ​​Security

High fidelity image of the situation

Microsoft has a centralized team dedicated to identifying, tracking, and collecting intelligence against the most sophisticated and advanced adversaries—including nation-state threats—malware and Phishing. These experts blocked 35.7 billion email threats and 25.6 billion identity threats in a single year!

Microsoft serves billions of customers worldwide, allowing us to aggregate safety data from a wide range of businesses, organizations and consumers. We receive and analyze more than eight trillion security signals daily with thousands of security experts in 77 countries interpreting and contributing insights through our advanced engineering and telemetry.

John Hewie, National Security Chief at Microsoft

With this data and signals compiled daily, Microsoft is in a unique position to provide a true state of the art and provide indicators that help predict what attackers will do in the future. Listed in Microsoft’s annual Digital Defense Report, this valuable insight helps drive cybersecurity best practices and more effectively defend the cyber ecosystem, benefiting not only the private and public sectors, but also individuals. .

IN NUMBERS

– The cost of data breaches worldwide is expected to approach the $5 billion by 2024.

– Between July 2020 and June 2021, an increase of 1070% ransomware attacks has been recorded.

– Microsoft is committed to investing $20 billion in cybersecurity over the next five years. This sizeable investment will notably make it possible to increase cybersecurity skills throughout the world.

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