Failure to detect an advanced cyberattack or a targeted threat as soon as it occurs may lead to full infrastructure compromise, irreversible data loss, and financial repercussions from which some companies may never recover, according to a Bitdefender survey of 1,050 CISOs in the US and Europe.
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How big a problem is ransomware for organizations, and is it getting worse? That depends on who’s providing the information about this cyber threat—although experts seem to agree that organizations need to continue taking ransomware seriously.
Cyber security executives are always looking for ways to keep a step ahead of the bad actors and the latest threats. Emerging technologies such as machine learning (ML) are providing a way to do that, and some IT and security leaders have begun taking advantage of tools that leverage these automated capabilities.
Four in 10 executives surveyed by The Economist Intelligence Unit say the board of directors should oversee cybersecurity policies, while 24% back creation of a specialized cyber committee.
Companies that use an EDR solution have acknowledged that a cyberattack can occur at any time, and traditional protection platforms can only address 99% of the threats in the wild. EDR tools focus on the last 1% of threats, allowing for much greater fidelity in incident investigations.
It looks like a lot of enterprises need to get their acts together when it comes to managing risk, and particularly the risk associated with cyber security threats and vulnerabilities.
If you think worries about cyber security in the cloud are dissipating as cloud services continue to proliferate, you’re mistaken. IT and security executives remain quite concerned about threats—maybe even more so than in the past.
Total spending on information security products and services will reach more than $114 billion globally in 2018, an increase of 12.4% from last year, according to advisory company Gartner.
Most CISOs surveyed by Bitdefender trust next generation security, including endpoint detection and response (EDR) capabilities, as the best security approach against advanced attacks. Security audits, and traditional security - endpoint protection platforms - come second and third, mentioned by more than a third of respondents, according to a Bitdefender survey of 1,000+ CISOs from large companies in the US and Europe.
Some 37 percent of chief information officers in the US and Europe admit their company has suffered a breach in the past year, a slight increase from 34 percent in 2016. However, continuous adoption of endpoint detection and response tools has helped them gain more visibility into cyber attacks - from 26% two years ago, to 84% in 2018, according to Bitdefender’s Advanced Threat Index, an annual survey of 1,000+ CISOs in the US and Europe.
Many companies today do business in more complex environments than ever. They work with numerous third-party partners including suppliers, B2B customers, vendors, cloud providers, managed services providers, consulting firms, and others.
The Future Today Institute, an organization that provides forecasts about how emerging technology will disrupt business and transform the workforce, has once again looked into its crystal ball—and cyber security executives might not be thrilled with the predictions.