So far in 2017, 67% of organizations reported an increase in security incidents. 57% said the rise of incidents is due to more attacks, and 73% believe the attacks could have been better identified or prevented. Over-complication of security can be an issue. 65% of organizations use anywhere from 6, to more than 50 different security products. Sometimes with the false hope that layers upon layers of security will keep them safe.
26% of security professionals say they operate in reactive mode with ad hoc approaches to security operations and response. Many firms that have multiple security products also suffer from budgets issues, system compatibility and a lack of skills.
- 44% of security alerts are not investigated
- 54% of legitimate alerts are not remediated.
Obstacles for business organizations:
- Budget: 35%
- Compatibility Issues: 28%
- Lack of trained personnel: 25%
- Certification requirements: 25%
Traditional concerns remain, while new threats continue to grow:
- Large scale industrial IoT hacks will increase dramatically in 2018.
- Ransomware attacks are up 250% in the first half of 2017 at 218,625 incidents compared with 61,832 in all of 2016.
- Adware infected 75% of organizations.
- 65% of email is spam, 8% of spam is malicious.
In 61% of organizations, 30% of their systems were impacted during a security breach. These systems were down from 1 to 8 hours for 65% of those organizations. The next 12-18 months will be a critical time for organizations to fill their security holes or risk becoming a victim of cybercrime that is likely to cause significant damage to the profitability of their company. Businesses need to start thinking about protecting their digital assets even more securely than they protect their physical assets. The time is now to realize that the lock on their front door is no longer their most important security feature.