NEWS > May 2024
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Netwrix Annual Security Survey: 79% of Organizations Spotted a Cyberattack within the Last 12 months, up from 68% in 2023 May 1, 2024 - Netwrix, a vendor that delivers effective and accessible cybersecurity to any organization, today announced the release of its annual global 2024 Hybrid Security Trends Report based on a global survey of 1,309 IT and security professionals. It reveals that 79% of organizations spotted a cyberattack within the last 12 months, up from 68% a year ago. Moreover, 45% of those organizations incurred unplanned expenses, and 1 in 5 (20%) reported losing a competitive edge due to these attacks. The share of those who faced dire consequences soared: 16% experienced a decrease in company evaluation, and 13% had to deal with lawsuits compared to only 3% a year ago. Growing security awareness at the executive level means a better understanding that the risks of security gaps extend far beyond downtime and data loss. As a result, more organizations are investing resources into audits to investigate the root cause of a security incident to prevent similar events in the future. 1 in 6 (17%) organizations estimated their financial damage from cyber incidents to be at least $50,000. In addition, the share of those who faced no financial consequences dropped from 47% to 38% compared to last year. To mitigate the risk of financial loss from data breach, organizations often opt to purchase cyber insurance. Indeed, 62% of respondents confirmed having a cyber insurance policy or planning to purchase one within 12 months. Almost 1 in 5 (19%) insured organizations used their policy last year. Considering the high chances of a payout request, it's no wonder the requirements for obtaining a policy have become stricter. The survey shows that insurers are now more likely to require identity and access management as well as privileged access management. These solutions significantly complicate the privilege escalation for the attacker and their lateral movement. As a result, the security team has more time to spot suspicious activity and respond to the attack before any serious damage occurs. Other notable survey findings include:
The interest in AI is surging across enterprises – both within the security department and outside. The introduction of AI tools like Copilot to assist with regular business processes raises a new scope of associated security gaps. Since Copilot relies on native access controls within Microsoft 365, it can access all data a user can. If the user has been granted inappropriate access to content, then sensitive information can quickly spiral out of control. Implementing and maintaining a strict least-privilege model is a good start to address the risks associated with Copilot and similar AI-powered business tools. Netwrix solutions are available in UK through Simple IT Distribution LTD, Netwrix Partner in the UK.
About Simple IT Distribution LTD Simple IT Distribution LTD is backed by 10 years of experience in Value Added IT Distribution. What sets us apart from the crowd is our customer-centric approach, the quality services (consulting, implementation, training, support), and the people behind them, which are experienced and certified proffessionals. We provide sales and technical advice and deliver the solutions that best meed our customers' diverse technology needs. Our partners are hand-picked from the top vendors, and we back up their solutions with certified professionals, to give you nothing but the best. For more information, please visit www.simpleit-distribution.co.uk . |
