One out of two cyber attacks saw breach of passwords: Wipro report

Nearly One out of every two cyber attacks saw breach of password previous year indicates the chances of further damage across different enterprises, said the State of Cybersecurity Report, 2017 by IT services major Wipro.

The report, which was released on Thursday, said "56 per cent of breaches reported had passwords as the types of data stolen, implying that further damage could be perpetrated using the stolen data".

It has also found out that the number of records stolen across the globe grew by 53.6 per cent in 2016 as against 2015.

Impact of cyber attacks or data thefts on certain enterprises was often aggravated by the reaction on social media.

"Data breaches once made public, resulted immediately in high peaking of negative sentiments on social media against the enterprise concerned, indicates the post facto Twitter sentiment analysis," noted the report.

The report mentioned that "majority of the security products were themselves vulnerable to exploitation" and CISOs would be required to keep track of vulnerabilities in the security products themselves.

"Cyber security is becoming a top priority for businesses. It has become very critical to identify risks near real-time and empower stakeholders to take actions and decisions based on priority," said Sheetal Mehta, Global Head, Cybersecurity & Risk Services, Wipro.