It is a known fact that hardware attacks are high; only 59% of organizations have implemented an iron-clad hardware security strategy. In the past year, about 29% were external attacks via phishing at 43%, software vulnerabilities at 41%, and mobile malware attacks still remain as high as 38%. These attacks may result in a financial loss due to system downtime (39%), loss of sensitive data (52%), and slow IT remediation time (36%).
An IBM engineer explains that to protect your enterprise from attacks, you need to protect yourself online and know how the spoofing process and robocalls work.
Hardware-level breaches are comparatively the newer way of targeting organizations by cybercriminals. The majority of the enterprises claimed that they had faced at least 1 data breach over the past year due to hardware vulnerability.
In recent years, security has become quite sophisticated owing to the number of cybercriminals on the loose, who are ready to hack into technology. One of these new methods concerns an internal firmware chip called BIOS (Basic Input/Output System).
The BIOS is a small hardware chip that is inside the motherboard and a valuable component as it acts as a gateway to the hardware of the entire system. The BIOS also gives a command for how each piece of hardware should work and communicate.
Given how critical the BIOS is to a system, the cybercriminals have started using it as a path for their attack, which is exceptionally worrying. And breaches through the BIOS have already begun. Last year, more than 47% of the organizations had faced such a breach where the path led to the BIOS.
Although more than two-thirds of the enterprises acknowledged that they have moderate to extremely high levels of threat exposure due to the hardware supply chain, only 59% of them have implemented security strategies.