Lookout, Inc. is a US-based company delivering integrated endpoint-to-cloud security that enables secure productivity from anywhere while respecting user privacy. Lookout products are trusted for privacy and regulatory compliance world-wide by large corporations as well as millions of individuals for mobile security and identity protection.
With so much of people’s work and personal lives in the cloud, it’s important that business and personal data is secured from the mobile device all the way to the cloud.
Cyberattacks are rising. According to IBM, the financial services sector was the number one target of cyberattacks in 2020, among all industries. Lookout’s 2021 Financial Services Threat Report uncovered that despite a 50 percent increase in adoption of mobile device management products, the average quarterly exposure to phishing rose by 125 percent and malware and app risk exposure increased by over five times.
With the increase in telework due to the COVID-19 pandemic, all levels of government are exposed to heightened risk of mobile device and app risks. The Lookout 2021 U.S. Government Threat Report found that credential-harvesting attacks represent 70 percent of all mobile phishing attacks targeted at government employees in 2020, which is an increase of 67 percent compared to 2019.
Pharmaceutical intellectual property is sought after by both nation states and cybercriminals. The Lookout 2020 Pharmaceutical Threat Report found that 77 percent of mobile phishing attempts on pharmaceutical organizations through the third quarter of 2020 intended on delivering malware, indicating that cyberattackers are looking for ways outside of credential harvesting to compromise pharmaceutical organizations.