Almost half of businesses have suffered a data breach in recent years

Date:
Fri, 15 Apr 2022 11:22:43 +0000

Description:
Ransomware is one of the most popular attack types, Splunk report finds.

FULL STORY ======================================================================

Roughly half of businesses have suffered a cyber-attack over the last few years, costing them, on average, almost $3 million - per incident.

Splunk polled more than 1,200 security leaders from almost a dozen countries, on their experiences with cybersecurity tools and incidents, finding 49% suffered a data breach in the last two years, up 39% from the year before.

At the same time, four in five (79%) said they encountered a ransomware
attack against their endpoints , while a third (35%) said at least one of those attacks resulted in loss of data and denial of service.

Share your thoughts on Cybersecurity and get a free copy of the Hacker's Manual 2022 . Help us find how businesses are preparing for the post-Covid world and the implications of these activities on their cybersecurity plans. Enter your email at the end of this survey to get the bookazine, worth $10.99/10.99. Rising costs of data breaches

The increasingly hostile cyber environment has prompted businesses to invest more in security, but it comes with a side-effect. The report states that 59% of security teams were forced to devote significant time and resources to remediation, up from 42% a year ago. At the same time, almost two-thirds
(64%) said it was a challenge to keep up with new requirements.

When it comes to downtime and costs, the average cost of downtime is roughly $200,000 per hour. The average cyber-incident takes 14 hours to fix, bringing the total amount to an average of $2,800,000. Read more

What is a data breach?

The 10 biggest data breaches of all time

Cash App alerts 8 million customers to data breach

The Great Resignation is further complicating things, the report also found. Many people have decided to switch jobs during the pandemic, and with the ongoing skills shortage, most organizations were left scrambling for talent.

Three-quarters (76%) of respondents said their team members were forced to take on roles they werent ready for, while 70% said this new workload made them think about switching jobs.

A similar percentage (73%) said burnout forced them to quit their job. No security tech stack is complete with a state of the art firewall



======================================================================
Link to news story: https://www.techradar.com/news/almost-half-of-businesses-have-suffered-a-data- breach-in-recent-years/


--- Mystic BBS v1.12 A47 (Linux/64)
* Origin: tqwNet Technology News (1337:1/100)