CyberArk affirms its support for the identity security threat landscape in Hong Kong amidst the growing number of identity-led cybersecurity threats.
According to the CyberArk 2023 Identity Security Threat Landscape Report, more than half (56%) of security decision-makers in Hong Kong admitted that there have been inadequate security for the highest-sensitivity access for employees in their organisations in 2023.
“Over the past year, we have observed an increase in the prevalence of threat actors engaging in identity fraud using advanced technologies, such as deepfake, which has resulted in significant financial and data loss for organisations,” said Sandy Lau, district manager, Hong Kong and Macau, CyberArk.
Cybersecurity predictions
Based on CyberArk’s 2024 cybersecurity predictions, cybercriminals will continue to maximise AI and generative AI through real-time deep fake technology to launch attacks.
Moreover, CyberArk predicts supply chain attacks to increase in 2024. Unfortunately, a CyberArk study revealed that more than half (56%) of organisations in Hong Kong admitted being unable to stop or detect such attacks that exploit interconnected targets to infiltrate more secure systems.
Cybercriminals are using session hijacking and cookie theft to gain unauthorised access to web services and accounts by stealing user session information and cookies.
Mitigating threats
It is vital to secure browser and web isolation technologies to mitigate risks associated with session hijacking, cookie theft, and other web-based threats.
“Organisations looking to build a long-term cyber resilience strategy should focus on mitigating identity-centric risk today to address their largest attack surface head-on and reduce their cyber debt,” adds Lau.