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The latest research from Carbon Black claims that the cyber-criminal community spends over $1T per year on developing new attack methods, compared to the $96B spent by organizations per year to protect themselves from attacks.

UK organizations should remain vigilant in their efforts to enhance cyber defense efforts as hackers continue to spend an average of 10 times more money finding weaknesses in cybersecurity defenses than the organizations they target are spending on defending against attacks.

Researchers asked 250 UK-based CIOs, CTOs, and CISOs about the threat landscape they’ve faced over the past 12 months and the results are unsettling. They found that 92% of UK businesses have been breached within the past year and nearly half of those respondents had experienced more than one breach in the past year (3 – 5 breaches).

82% of respondents claim to have experienced more attacks this year than compared to last year and the percentage is even higher for organizations within the financial services sector (89%), government sector (83%), and the retail industry (84%).

The most common attack vector seen by these UK organizations is malware, with around 28% of respondents having experienced at least one such attempted breach. Following malware was ransomware, with 17.4% reporting at least one ransomware attack within the past year.

Cyber-attack across the UK and the rest of the world have increased in frequency and sophistication, but there are tools organizations can use to defend against today’s growing threat landscape. NNT suggests starting by implementing the Basic CIS Controls, Controls 1 -6, at a minimum in order to prevent nearly 85% of cyber-attacks. These controls represent the basic fundamentals that your organizations must focus on in order to protect the infrastructure, including Configuration Management, Vulnerability Assessment, and Continuous Monitoring. NNT solutions alone can help you satisfy the first six CIS Controls. If you’re interested in learning more, contact us today.

 

Read the article in Computer Weekly

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