IPC is urging companies to beef up their web security as the numbers of web application vulnerabilities are rapidly increasing, as reported in a study by its global partner ImpervaIncapsula that shows an overview of web application vulnerabilities in 2017.
According to the study, 2017 saw a whopping 212 percent increase in new vulnerabilities with 14,082 recorded, as compared to 2016’s 6,615. Imperva also states that more than half of these have a public exploit available to hackers, and that more than a third (36 percent) don’t have an available solution such as a software upgrade workaround or software patch.
Niño Valmonte, IPC’s Director for Marketing & Digital Innovation, said money is the main motivator in the rapid increase of web vulnerabilities. “Websites are common targets because they can generate a substantial amount of money for cybercriminals. For instance, an e-commerce website would normally store personal information. In the wrong hands, we already know the kind of risk we can get exposed to. Also, criminals can hold websites up for ransom from company owners.”
Another alarming statistic that the study revealed is the increasing number of vulnerabilities in Content Management Systems (CMS).