SECURITY NEWS
Help AG identifies dominant digital risk categories to be credential theft , brand abuse , data leakage
Stephan Berner , CEO Help AG
Help AG , an e & enterprise company , launched the 2024 edition of its annual State of the Market report . Distinguished by its singular focus on the Gulf Cooperation Council , GCC , the report serves as the definitive guidebook on cybersecurity in the region .
For the fourth consecutive year , Help AG ’ s State of the Market report delivers insights into cybersecurity threats , trends , and emerging technologies and practices over the past year , providing a detailed analysis of threat tactics , high-profile breaches , and best practice recommendations .
Stephan Berner , Chief Executive Officer at Help AG said , “ In an era where the threat landscape is constantly evolving , organisations must harness the power of Intelligence Amplified to stay ahead .”
Nicolai Solling , Chief Technology Officer at Help AG said , “ The State of the Market report serves as a reference for organisations to address emerging threats .”
Help AG recorded a continued and accelerated trend in cyber defence investments amid the continuing digital transformation surge . Additionally , there has been a marked acceleration in the consolidation of cybersecurity spending , increasing by over 100 % in the past year .
This trend is strongly linked to the growth of the services business , as customers are increasingly inclined to consume cybersecurity as a service , demanding clear deliverables , service level agreements , SLAs , key performance indicators , KPIs , and transparent costs .
Investment in managed cyber defence skyrocketed , prompted by the increasing complexity of the digital threat landscape . Associated services , such as network detection and response , endpoint detection and response , threat intelligence , digital risk protection , and incident response services , all witnessed increased investment .
This trend suggests that organisations are prioritising comprehensive threat management and protection measures , highlighting an increased awareness and proactive approach to cybersecurity threats .
Cloud services have become the preferred choice for many organisations , with a clear shift towards Everything as a Service , EaaS . This transition , encompassing major digital transformation initiatives and endpoint security , reflects the broader adoption of cloud technologies , which are poised to dominate the cybersecurity landscape .
Similarly , cybersecurity advisory saw a 100 +% growth in investments , spurred by growing regulatory compliance requirements , indicating an increasing reliance on expert guidance to navigate these challenges .
Help AG also observed a growth in Secure Services Edge , SSE and Distributed Denial of Service , DDoS protection services , addressing the need for secure connectivity and uninterrupted service availability .
On the other hand , of nearly 30,000 critical digital risk alerts identified by Help AG in 2023 , the dominant digital risk categories were found to be credential theft , 49 % and brand abuse , 39 %, while data leakage and phishing represented 10 % and 1.5 % of use cases , respectively .
Additionally , in 2023 , the cyber threat landscape was characterised by a growing number of advanced ransomware and double extortion , refined phishing , and application layer attacks .
Major risks that organisations faced were often related to human factors , misconfiguration of default credentials , missing patches , cloud security weaknesses , and domain controller vulnerabilities . •
Nicolai Solling , CTO Help AG
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