Malware, ransomware and phishing continues to plague global companies

IT leaders ranked the leading source of security attacks: research. Source: pixabay.com

According to Thales research, one in five companies have experienced a ransomware attack in the last year, with 43% of those experiencing a significant impact on operations.

In fact, a fifth of organisations has admitted that they have paid or would pay a ransom for their data. Despite this, 41% of respondents said they had no plans to change security spending, even with greater ransomware impacts.

In addition, 48% of respondents have implemented a formal ransomware plan. Healthcare was the most prepared at 57% with a formal ransomware plan; energy the least at 44%. Despite both sectors experiencing significant breaches over the past twelve months.

As more companies adopt multicloud strategies and hybrid work remains the norm, IT leaders continue to be challenged by the sprawl of data across their organizations and find it more difficult to locate all of their data. Just over half (56%) of IT leaders were very confident or had complete knowledge of where their data was being stored, down from 64% the previous year1?, and only a quarter (25%) stated they were able to classify all their data.

Throughout 2021, security incidents remained high, with almost a third (29%) of businesses experiencing a breach in the past 12 months. Additionally, almost half (43%) of IT Leaders admitted to having failed a compliance audit.

Globally, IT leaders ranked malware (56%), ransomware (53%) and phishing (40%) as the leading source of security attacks. Managing these risks is an ongoing challenge, with almost half (45%) of IT leaders reporting an increase in the volume, severity and/or scope of cyberattacks in the past 12 months.

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