Major companies lag in adopting domain security

guest · Sep 28, 2021

Major companies lag in adopting domain security
September 28, 2021
https://betanews.com/2021/09/28/major-companies-domain-security/

A majority of companies in the Forbes Global 2000 have been slow to adopt domain security measures that could help prevent them from ransomware attacks.

A new report from CSC finds 57 percent of the Global 2000 are relying on off-the-shelf consumer-grade domain registrars who offer limited security mechanisms to protect against domain and DNS hijacking.
In addition 81 percent of companies are not using registry locks, and only 50 percent are using DMARC to authenticate emails.
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"Basic domain security measures continue to get overlooked because they're still not considered an essential component to a company's broader phishing, BEC, or ransomware mitigation approach," says Mark Calandra, president of CSC Digital Brand Services.

The report also looks at how bad actors are applying tactics to hide their tracks and accelerate their attempts to execute their attacks. It finds that among the 70 percent of third-party domains deemed to be suspicious, 77 percent use domain privacy services or also have WHOIS details redacted.
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CSC: CSC Finds Majority of World’s Largest Companies Susceptible to Phishing and Brand Abuse Due to Improper Domain Security

The rise of cyber crime and digital fraud, along with a steady increase in domain registrations over the last 18 months, necessitates more industry oversight. At the same time, it’s imperative that companies get proactive with their domain security moving forward. Including security measures can help mitigate phishing—a common starting point in most ransomware attacks. Companies need to take a more aggressive cyber security approach to disrupt criminal activities taking place across their domain ecosystem.

Download the report now at cscdbs.com/securityreport.
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