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INSIDE THIS ISSUE February 22, 2016
76 Percent of Organizations Were Breached in 2015

According to the 2016 Cyberthreat Defense Report, 76 percent of responding organizations were affected by a successful cyberattack in 2015 – up from 70 percent in 2014 and 62 percent in 2013.

The report, by CyberEdge Group, also found that 85 percent of responding organizations indicated they are spending more than 5 percent of their IT budgets on security, up from 70 percent in 2015.

Other report highlights include:

  • Endpoint protection revolution. For three consecutive years, respondents have expressed growing dissatisfaction with their current endpoint security defenses. This year, a whopping 86 percent have expressed their intention to replace (42 percent) or augment (44 percent) their current endpoint protections.
  • BYOD backpedaling. The percentage of organizations with active BYOD deployments has dropped for the third consecutive year – from 31 percent in 2014 to 26 percent in 2016.

  • Must-have network security investments. Next-generation firewalls are the top-ranked network security technology planned for acquisition in 2016, followed by threat intelligence services and user behavior analytics.

  • Mobile devices “still” in the crosshairs. For the second consecutive year, mobile devices are perceived as IT’s “weakest link.” In total, 65 percent of respondents witnessed an increase in mobile threats over the prior year.

  • Malware and spear-phishing continue to cause headaches. Malware and spear-phishing top the list of cyberthreats causing the greatest concern among respondents for the third-consecutive year.
  • Massive exposure to SSL blind spots. Only a third of responding organizations have the tools necessary to inspect SSL-encrypted traffic for cyberthreats, revealing a gaping hole in enterprise security defenses.
  • Employees are still to blame. For the third consecutive year, low security awareness among employees tops the list of barriers to establishing effective security defenses. Survey participants are also concerned with an overwhelming volume of security event data, lack of skilled personnel, and lack of available budget.

“In 2014, only four in 10 survey participants believed that a successful cyberattack targeting their organization was likely to occur in the coming year. Today, that number has grown to six in 10 and is likely to rise,” said Steve Piper, CEO of CyberEdge Group. “Despite record security spending, savvy IT professionals know that it’s no longer a question of ‘if’ their network will become compromised, but ‘when.’ Smart CISOs must strike a balance between threat prevention and detection investments, as both are critical in the fight against today’s sophisticated threats.”

‪"It’s great to see perception and spending catching up with reality. According to my research, security spending has been growing at 24 percent annually. So it’s no surprise that spending as a percentage of the overall IT budget is increasing," said Richard Stiennon, Chief Research Analyst at IT-Harvest. "While it’s important to invest in additional protection, organizations must be careful about where they place these new investments, so they’re not merely stopping the threat of the day, but rather supporting the needs of the business.”

The full report is at http://www.cyber-edge.com/2016-cdr. 



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