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SONICWALL DATA CONFIRMS THAT RANSOMWARE IS STILL THE ENTERPRISE'S BIGGEST FEAR


October 27, 2023
PDF


PRESS RELEASE



MILPITAS, Calif.,Oct. 26, 2023/PRNewswire/ -- As Cybersecurity Awareness
Month comes to a close, SonicWall today released the findings of its 2023
SonicWall Threat Mindset Survey which found that 55% of its customers are more
concerned about cyberattacks in 2023, with the main threat being focused on
digital attacks like ransomware and spear phishing.

"Understanding our partners and customers greatest concerns is at the heart of
SonicWall's outside-in strategy," said SonicWall President and CEO Bob VanKirk.
"Even further, it's taking that insight and acting upon it to provide key
value-add products and services. The data from the 2023 SonicWall Threat Mindset
Survey helps keep our finger on the pulse of what truly matters to our valued
customers. As organizations around the globe struggle with economic declines and
political strife, SonicWall remains committed to providing the latest in threat
intelligence and cyber security solutions to help our partners and customers
successfully navigate these rough waters."

SonicWall's proprietary threat mindset survey uncovered additional findings:


 * Continued concerns about intensifying cyberattacks: There is growing concern
   regarding cyberattacks amongst 54% of professionals surveyed; ransomware
   leads the distress as 83% of all customers cited it as their biggest concern.
   94% of respondents are equally or more concerned about overall attacks in
   2023. Phishing and spear-phishing (76%), as well as encrypted malware (64%),
   comprised the top three concerns.
 * Organizations slow to patch: Despite rising cyberattack concerns, 78% of
   organizations don't patch critical vulnerabilities within 24 hours of patch
   availability; another 13% only apply critical patches when time allows.
 * Increased fear around insider threats: Insider threat incidents have
   continued to increase and 49% of IT professionals cited it as a growing
   worry. The larger the organization, the more potential insider threat
   incidents exist. Critical business information and sensitive data can be
   found in employees' emails – and IT professionals feel the concern.
 * Now Hiring: cybersecurity professionals needed: 41% of respondents described
   their IT/ cybersecurity personnel as inadequate. With the cyberattack
   landscape becoming savvier with stronger capabilities of pulling off attacks,
   organizations must prioritize protection and hiring individuals who have the
   knowledge and skills to best position their company to not fall victim to
   these ongoing cyberattacks.

Companies are not only losing millions of dollars to unending malware and
ransomware strikes but cyberattacks on essential infrastructure are impacting
real-world services. Despite the growing concern of cyberattacks, organizations
are struggling to keep pace with the fast-moving threat landscape as they orient
their business, networks, data and employees against never-ending cyberattacks.



"The evolving cyber threat landscape is the new normal," said EIS Management CIO
Jeff Falk. "The labor diverted from business initiatives to cybersecurity
concerns swells year-over-year, which demands I spend more of my time managing
the business' security needs, having an impact on business operations."

In an effort to promote cybersecurity attentiveness, SonicWall
supports Cybersecurity Awareness Month in October with an added emphasis on a
new enduring cybersecurity awareness program, Secure Our World. Secure Our World
reflects a new enduring message to be integrated across the Cybersecurity and
Infrastructure Security Agency's (CISA) awareness campaigns and programs and
encourages all of us to take action each day to protect ourselves when online or
using connected devices.

Methodology

SonicWall surveyed approximately 10,000 customers from around the globe.
Questions were optional and some were open-ended, while others were multiple
choice.

About SonicWall

SonicWall, a partner-first business, has been an unquestioned leader in
the cybersecurity for more than 30 years. SonicWall defends organizations
mobilizing for their new business normal with seamless protection that stops the
most evasive cyberattacks across endless exposure points and increasingly
remote, mobile and cloud-enabled workforces. By knowing the unknown, providing
real-time visibility and enabling breakthrough economics, SonicWall closes the
cybersecurity business gap for enterprises, governments and SMBs worldwide. For
more information, visit www.sonicwall.com or follow us on Twitter, LinkedIn,
Facebook and Instagram.



SOURCE SONICWALL INC

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