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The Edge DR Tech Sections Close Back Sections Featured Sections The Edge Dark Reading Technology Attacks / Breaches Cloud ICS/OT Remote Workforce Perimeter Analytics Security Monitoring Security Monitoring App Sec Database Security Database Security Risk Compliance Compliance Threat Intelligence Endpoint AuthenticationMobile SecurityPrivacy AuthenticationMobile SecurityPrivacy Vulnerabilities / Threats Advanced ThreatsInsider ThreatsVulnerability Management Advanced ThreatsInsider ThreatsVulnerability Management Operations Identity & Access ManagementCareers & People Identity & Access ManagementCareers & People Physical Security IoT Black Hat news Omdia Research Security Now Events Close Back Events Events * Anatomy of a Data Breach - A Dark Reading June 22 Event * Black Hat USA - August 5-10 - Learn More Webinars * How Supply Chain Attacks Work -- And What You Can Do to Stop Them Apr 19, 2023 * How to Accelerate XDR Outcomes: Bridging the Gap Between Network and Endpoint Apr 20, 2023 Resources Close Back Resources Dark Reading Library > Webinars > Reports > Slideshows > White Papers > Partner Perspectives: Microsoft Tech Library > Newsletter The Edge DR Tech Sections Close Back Sections Featured Sections The Edge Dark Reading Technology Attacks / Breaches Cloud ICS/OT Remote Workforce Perimeter Analytics Security Monitoring Security Monitoring App Sec Database Security Database Security Risk Compliance Compliance Threat Intelligence Endpoint AuthenticationMobile SecurityPrivacy AuthenticationMobile SecurityPrivacy Vulnerabilities / Threats Advanced ThreatsInsider ThreatsVulnerability Management Advanced ThreatsInsider ThreatsVulnerability Management Operations Identity & Access ManagementCareers & People Identity & Access ManagementCareers & People Physical Security IoT Black Hat news Omdia Research Security Now Events Close Back Events Events * Anatomy of a Data Breach - A Dark Reading June 22 Event * Black Hat USA - August 5-10 - Learn More Webinars * How Supply Chain Attacks Work -- And What You Can Do to Stop Them Apr 19, 2023 * How to Accelerate XDR Outcomes: Bridging the Gap Between Network and Endpoint Apr 20, 2023 Resources Close Back Resources Dark Reading Library > Webinars > Reports > Slideshows > White Papers > Partner Perspectives: Microsoft Tech Library > The Edge DR Tech Sections Close Back Sections Featured Sections The Edge Dark Reading Technology Attacks / Breaches Cloud ICS/OT Remote Workforce Perimeter Analytics Security Monitoring Security Monitoring App Sec Database Security Database Security Risk Compliance Compliance Threat Intelligence Endpoint AuthenticationMobile SecurityPrivacy AuthenticationMobile SecurityPrivacy Vulnerabilities / Threats Advanced ThreatsInsider ThreatsVulnerability Management Advanced ThreatsInsider ThreatsVulnerability Management Operations Identity & Access ManagementCareers & People Identity & Access ManagementCareers & People Physical Security IoT Black Hat news Omdia Research Security Now Events Close Back Events Events * Anatomy of a Data Breach - A Dark Reading June 22 Event * Black Hat USA - August 5-10 - Learn More Webinars * How Supply Chain Attacks Work -- And What You Can Do to Stop Them Apr 19, 2023 * How to Accelerate XDR Outcomes: Bridging the Gap Between Network and Endpoint Apr 20, 2023 Resources Close Back Resources Dark Reading Library > Webinars > Reports > Slideshows > White Papers > Partner Perspectives: Microsoft Tech Library > -------------------------------------------------------------------------------- Newsletter SEARCH A minimum of 3 characters are required to be typed in the search bar in order to perform a search. Announcements 1. 2. 3. Event How to Launch a Threat Hunting Program | Webinar <REGISTER> Event How to Accelerate XDR Outcomes: Bridging the Gap Between Network and Endpoint | Webinar <REGISTER> Report Black Hat USA 2022 Attendee Report | Supply Chain & Cloud Security Risks Are Top of Mind | <READ IT NOW> PreviousNext Attacks/Breaches 3 MIN READ Products & Releases NETWRIX ANNUAL SECURITY SURVEY: 68% OF ORGANIZATIONS EXPERIENCED A CYBERATTACK WITHIN THE LAST 12 MONTHS The most common consequences were unplanned expenses, loss of competitive edge, and decreased sales. April 18, 2023 PDF FRISCO, Texas, April 18, 2023 – Netwrix, a cybersecurity vendor that makes data security easy, today announced the release of its annual global 2023 Hybrid Security Trends Report. It reveals that 68% of organizations experienced a known cyberattack within the last 12 months. Nearly 1 in 6 (16%) of those organizations estimated the financial damage to be at least $50,000. What’s more, 40% of the breached organizations incurred unplanned expenses and 10% suffered other serious consequences, such as loss of competitive edge, decreased sales or customer churn. To mitigate the risk of financial loss from data breach, organizations often opt to purchase cyber insurance. Indeed, the study found that 44% of organizations are insured and 15% plan to purchase a policy within the next 12 months. Nearly 1 in 4 (22%) of the organizations with a policy had to improve their security posture to even be eligible for the policy. “While cyber insurance has value, it’s vital to remember that it is no substitute for a strong security posture. After all, while an insurance payout can defray the financial impact of a security incident, no policy can restore an organization’s data, operations or reputation,” says Dirk Schrader, VP of Security Research at Netwrix. The survey also reveals that on-premises infrastructures suffer more cyberattacks than the cloud. The starkest difference was for ransomware and other malware attacks, which were reported by nearly twice as many respondents for on-premises environments (37%) as for the cloud (19%). “On-prem environments are more vulnerable to attacks than software-as-a-service (SaaS) systems because they often have sprawling privileges on the infrastructure level. For example, users might have administrative rights on their computers and service accounts often have elevated rights. Malicious actors can abuse these standing privileges to spread malware quickly across on-premises systems,” says Dmitry Sotnikov, VP of Product Management at Netwrix. Other survey findings include: * 81% of organizations now use at least one cloud environment and more than a third (37%) of the remainder plan to adopt cloud technologies within 12 months. * Phishing is the most common attack vector: 73% of respondents suffered this type of cyberattack on premises and 58% experienced it in the cloud. * Account compromise attacks in the cloud continue to intensify, with 39% of respondents reporting it in 2023 compared to 31% in 2022 and just 16% in 2020. * Risk associated with an organization’s own employees was the top data security concern, cited by 58% of respondents. * The three main IT priorities for 2023 have remained the same since 2019: data security, network security and cybersecurity training. “Understaffing of IT teams is the biggest challenge to ensuring data security, cited by half of respondents. Therefore, it is crucial to build a security architecture that reduces the workload for IT and security pros. Automating routine tasks, choosing mature security products that produce fewer false positive alerts, and relying on a select group of trusted vendors that have an extensive portfolio and a unified support team can help mitigate the shortage of security personnel,” says Dmitry Sotnikov. About Netwrix Netwrix makes data security easy. Since 2006, Netwrix solutions have been simplifying the lives of security professionals by enabling them to identify and protect sensitive data to reduce the risk of a breach, and to detect, respond to and recover from attacks, limiting their impact. More than 13,000 organizations worldwide rely on Netwrix solutions to strengthen their security and compliance posture across all three primary attack vectors: data, identity, and infrastructure. For more information, visit www.netwrix.com. Keep up with the latest cybersecurity threats, newly-discovered vulnerabilities, data breach information, and emerging trends. Delivered daily or weekly right to your email inbox. Subscribe More Insights White Papers * Learn Infrastructure as Code: Step-by-Step * Enable and Protect Your Remote Workforce More White Papers Webinars * How Supply Chain Attacks Work -- And What You Can Do to Stop Them * How to Accelerate XDR Outcomes: Bridging the Gap Between Network and Endpoint More Webinars Reports * Successfully Managing Identity in Modern Cloud and Hybrid Environments * The 10 Most Impactful Types of Vulnerabilities for Enterprises Today More Reports Editors' Choice Rethinking Cybersecurity's Structure & the Role of the Modern CISO Justin Fimlaid, CEO, NuHarbor Security Apps for Sale: Cybercriminals Sell Android Hacks for Up to $20K a Pop Nate Nelson, Contributing Writer, Dark Reading How Password Managers Can Get Hacked Stu Sjouwerman, Founder & CEO, KnowBe4, Inc. High-Stakes Ransomware Response: Know What Cards You Hold Elizabeth Montalbano, Contributor, Dark Reading Webinars * How Supply Chain Attacks Work -- And What You Can Do to Stop Them * How to Accelerate XDR Outcomes: Bridging the Gap Between Network and Endpoint * How to Launch a Threat Hunting Program * What's "CNAPP-ening"? Bring Your Cloud Security into Focus! * Artificial Intelligence, ChatGPT and Cybersecurity: A Match Made in Heaven or a Hack Waiting to Happen? More Webinars Reports * Successfully Managing Identity in Modern Cloud and Hybrid Environments * The 10 Most Impactful Types of Vulnerabilities for Enterprises Today * Shoring Up the Software Supply Chain Across Enterprise Applications * The Promise and Reality of Cloud Security * 10 Hot Talks From Black Hat USA 2022 More Reports White Papers * Learn Infrastructure as Code: Step-by-Step * Enable and Protect Your Remote Workforce * Evaluator's Guide for Managed Detection and Response (MDR) Services * State of Enterprise Cybersecurity: Invest Now, or Pay Big Later * Transform Your Security Strategy More White Papers Events * Anatomy of a Data Breach - A Dark Reading June 22 Event * Black Hat USA - August 5-10 - Learn More * Black Hat Asia - May 9-12 - Learn More More Events More Insights White Papers * Learn Infrastructure as Code: Step-by-Step * Enable and Protect Your Remote Workforce More White Papers Webinars * How Supply Chain Attacks Work -- And What You Can Do to Stop Them * How to Accelerate XDR Outcomes: Bridging the Gap Between Network and Endpoint More Webinars Reports * Successfully Managing Identity in Modern Cloud and Hybrid Environments * The 10 Most Impactful Types of Vulnerabilities for Enterprises Today More Reports DISCOVER MORE FROM INFORMA TECH * Interop * InformationWeek * Network Computing * ITPro Today * Data Center Knowledge * Black Hat * Omdia WORKING WITH US * About Us * Advertise * Reprints FOLLOW DARK READING ON SOCIAL * * * * * * * Home * Cookies * Privacy * Terms Copyright © 2023 Informa PLC Informa UK Limited is a company registered in England and Wales with company number 1072954 whose registered office is 5 Howick Place, London, SW1P 1WG. 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