Business Cyber Security Showing Troubling Trends
A new survey released by Guidance Software reveals some disturbing trends about the state of cyber security. The survey questioned 330 IT and digital security professionals about cyber attacks and their impact on the organizations they serve.
Most disturbing was the response that 65 percent of the companies reported being the victim of some type of cyber attack already in 2017. That is up nine percent from the same time last year, totaling 215 companies reporting cyber attacks.
The Rise of Ransomware
Just as troubling was the information that almost a quarter of the reporting companies said they had been the victims of a ransomware attack. Ransomware attacks occur when a hacker hijacks important information from an individual’s or company’s server, demanding money before the information or files are lost forever. Of the 23 percent of companies victimized by ransomware, nine percent admitted to paying the ransom to re-secure the information!
What is truly troubling about the ransomware statistics is that no companies in last year’s survey admitted to being hit. That is a significant increase in a year. Ransomware has become a primary threat for today’s cyber security specialists.
What Is at Stake in Cyber Security?
In terms of losses, a quarter of those surveyed indicated that their firms had suffered financially as a direct result of successful attacks over the past year. Of those, 20 percent indicated losses in excess of a million dollars.
IT professionals admitted that their biggest challenges came from inside their companies. They are struggling most commonly with problems like: improper risk assessment, improper policy enforcement and difficulty managing the complexity of their company’s IT infrastructure.
It seems that most in-house IT specialists feel overwhelmed by their task at hand, and feel like the management of the company isn’t supporting their goals. To anyone in IT, all three of these challenges will ring familiar.
However things aren’t all bad. These three major problems can usually be solved in house, if management will make IT and cyber security a priority. Budgetary constraints may prevent you from solving them outright, but armed with these survey results, you can certainly begin making steady, incremental improvements. Your IT staff will love you for it.
If you have any questions or concerns about your company’s current cyber-security measures contact Business World at www.businessworld-usa.com or by calling 501-214-5482, today!