Wipro, Demisto Deliver Security Managed Service

Demisto Inc. and Wipro (News - Alert) Ltd. have joined forces to provide an automated incident response solution as a managed service.

Wipro Ltd. is a global business process services and consulting company. Demisto is a security automation and orchestration company.

Cybersecurity remains a top-tier concern for both IT teams and C-level executives at businesses and other organizations around the world. That’s because of the growth and increasing sophistication of the security threat.

“From the moment the first worm was unleashed on the internet in 1988, to the massive 2016 Mirai distributed denial of service attack, the cyber security industry has witnessed exponential growth in the volume and variety of cyber threats,” noted McAfee (News - Alert), formerly known as Intel Security.

Ransomware was the top threat of 2016, according to the 2017 Annual Threat Report recently released by SonicWall. The network security company said ransomware increased by more than 167 times year-over-year to reach 638 million attacks in 2016.

An AppViewX IT Security report lists data leakage as the No. 1 type of hack, with 60.51 percent of the 157 people surveyed at RSA (News - Alert) 2017 choosing that answer. Other top picks were malware and viruses (at 56.05 percent), external hacks (at 55.41 percent), and end user access control (internal) (at 49.68 percent).

The most commonly breached kinds of data, according to Forrester (News - Alert), are:

• identities and passwords, at 57 percent;
• customer records, at 49 percent;
• business partner records, at 44 percent;
• employee records, at 41 percent;
• proprietary intellectual property, at 38 percent;
• business partner intellectual property, at 27 percent; and
• non-public financials, at 21 percent.

Meanwhile, Gemalto’s (News - Alert) Breach Level Index indicates:

• There were more than one billion data records (1.37 billion) compromised in 2016.
• That means 3,776,738 records were lost or stolen every day.
• Identity theft was the leading type of data breach in 2016, accounting for 59 percent of all data breaches.
• More than 7 billion data records have been exposed since 2013 when the index began benchmarking publicly disclosed data breaches.