Cybercrime continues to evolve and become more sophisticated. AI and machine learning are leveraged by many criminal organizations to help them better understand how to improve their attacks and they are now targeting specific industry verticals, organizations and even individuals. Increases in the frequency of ransomware, phishing and crypto jacking attacks were experienced by businesses of nearly every size, vertical and locale.
On average, 81% of organizations had some degree of concern around security issues, according to the results of a new research: What Keeps You Up at Night – The 2019 Report, released by KnowBe4.
When it came to attack vectors, data breaches were the primary concern, with credential compromise coming in as a close second. These two issues go hand-in-hand, as misuse of credentials remains the number one attack tactic in data breaches, according to Verizon’s 2018 Data Breach Investigations Report. Phishing and ransomware ranked next, demonstrating that organizations are still not completely prepared to defend themselves against these relatively “old” attack vectors.
Other key findings from the report include:
- 92% of organizations rank users as their primary security concern. And at the same time, security awareness training along with phishing testing topped the list of security initiatives that organizations need to implement.
- Organizations today have a large number of attack vectors to prevent, monitor for, detect, alert and remediate; in terms of attacks, 95 per cent of organizations are most concerned with data breaches.
- Ensuring security is in place to meet GDPR requirements is still a challenge for 64 per cent of organizations, despite the regulation details being out for quite some time.
- Attackers’ utilization of compromised credentials is such a common tactic, 93 per cent of organizations are aware of the problem, but still have lots of work to do to stop it.
- When it comes to resources, 75 per cent of organizations do not have an adequate budget.
“2018 was a prolific year for successful cyberattacks, and many of them were caused by human error,” said Stu Sjouwerman, CEO of KnowBe4. “IT organizations are tasked with establishing and maintaining a layered security defence. The largest concern, as demonstrated again in this report, is employees making errors. Organizations must start with establishing a security culture, and in order to combat the escalation of social engineering, they have to ensure users are trained and tested.”