The large increase in cybercrime is to blame for most homework

The traditional 9-to-5 working day in the office has in many places been replaced by a hybrid working model, where the plug is rarely completely pulled.

With more hours in the day when working, with more locations and more devices, there is also an increased vulnerability for many companies in relation to cyber-attacks.

The 2022 edition of the Verizon Mobile Security Index (MSI) reveals a continued increase in cyber-attacks over the past year involving a mobile or IoT device – a 22% increase. 85% of companies surveyed have a budget dedicated to mobile security, and the need to use these funds effectively has never been greater.

“For companies – regardless of industry, size or geographical location – downtime means lost money. When data is compromised, it breaks trust in the company, and these kinds of situations, while not insurmountable, can be difficult to recover from. Companies must allocate time and budget to their security architecture, especially when it comes to the security of external devices. Otherwise, they leave themselves vulnerable to cyber threats,” says Sampath Sowmyanarayan, CEO, Verizon Business.

68% have no policy for using public Wi-Fi

Enterprise security teams often face an uphill battle as the number of devices and work from home increases – 79% of MSI respondents feel that recent changes in work practices have negatively impacted their organizations’ cyber security. With the increased threat, one would think that companies would upgrade in the area. However, the results point to the opposite, as 85% allow the use of Wi-Fi from home and mobile networks/hotspots, and that there are no guidelines for their use. 68% have no policy for using public Wi-Fi.

Better security should be a top priority

There is widespread recognition of what the effects of cyber attacks can be, with 64% of respondents saying that general awareness of cyber security risks will increase in the future. 66% of companies say they have previously come under pressure to sacrifice security on mobile devices in favor of ‘getting the job done’, and 52% have succumbed to that pressure.

MSI maps the mobile threat picture in four areas: people and their behavior, apps, devices, and network and cloud. In addition, you can gain insight into how to remedy attacks through the use of e.g. “zero trust network access” (ZTNA) models and secure access service edge (SASE) architecture designed for a mobile-first and cloud-first world.

Industry challenges

MSI describes the challenges of cybercrime on mobile devices across different business sectors:

  • Enterprise: 23% of respondents have had mobile security compromised. Of those, 74% say the damaging effects have been great, and over a third (34%) say the consequences are lasting. Additionally, four in five (81%) say their mobile device security spending has increased in the past year, and 76% believe it will continue to increase in the coming year.
  • Retail: Nearly nine in 10 (88%) companies are concerned that a mobile security breach could have a lasting impact on their brand or customer loyalty. At the same time, 70% say increased use of mobile devices is critical to staying relevant to consumers, while 41% say this poses a daunting security challenge.
  • Financial services: More than nine in ten (93%) executives in this sector believe that cybercriminals see their companies as more lucrative targets than other industries.
  • Health: Nearly nine in ten (87%) healthcare organizations are concerned that the highly confidential patient data they handle makes them a target for cyber criminals. 85% say they are concerned that a security breach could compromise patient care. Conversely, three out of four (76%) agree that the introduction of online health services holds great potential for improving patient care.
  • Production, construction, transport: Four in five (79%) believe that compromised mobile security could disrupt their entire supply chain and result in serious financial consequences. At the same time, 76% agree that it is important that employees on the ‘workshop floor’ also use mobile devices to increase productivity.
  • Public sector and education: Almost nine in ten (87%) say employee expectations for home and flexible working are forcing them to reassess how they operate. A further 72% of respondents agree that the increased use of mobile-based services by public servants is essential to accelerate the digital transformation of public services.
2.5 billion call to general consumers blocked in two months

As with business, cyber threats are also aimed at consumers. Unsolicited calls and spam texts pose a real threat to mobile device owners, making it very important to be vigilant and have security measures in place.

Source: IT-Kanalen by

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