84% of large companies experienced a security incident in the last 12 months, up from 65% in 2023

30% of attacked companies estimated their financial damage from cyber threats to be at least 50,000 US dollarscompared to only 17% for all organizations overall.

FRISCO, Texas, 17 September 2024 /PRNewswire/ – Netwrix, a provider that delivers effective and accessible cybersecurity to every organization, today announced additional insights for the enterprise sector (organizations with more than 1,000 employees) from its annual global 2024 Hybrid Security Trends Report.

According to the survey, 84% of organizations in the enterprise sector have discovered a cyberattack in the last 12 months, compared to just 65% in 2023. The most common security incidents are phishing, compromise of user or administrator accounts, and ransomware or other malware attacks.

“The increase in attack rates across organizations of all sizes, including the enterprise sector, may indicate that threat actors have found AI automation extremely useful. With the introduction of AI, sending large numbers of phishing emails and probing systems and services for vulnerabilities on the platforms operated by cybercriminals is now just a matter of orchestration. Constant pressure puts a strain on security teams and can lead to reduced and worn-out levels of protection. To reduce this burden, organizations should consider bringing in external investigators as part of their incident response plan. This will help to ease the burden on the internal security team when dealing with an ongoing attack,” says Dirk SchraderVP of Security Research and Field CISO EMEA at Netwrix.

For 53% of large companies attacked, a security incident resulted in additional unexpected expenses to fix security vulnerabilities. One in five companies had to pay fines for non-compliance with regulations (22%) and lost competitiveness (21%). In addition, 30% of companies estimated their financial damage from cyber threats to be at least 50,000 US dollarscompared to only 17% for all organizations overall.

“Large companies usually have basic security measures in place and therefore have to deal with more complex and costly problems after an attack. While smaller companies may have a quick fix and can accept certain risks, they need to invest in a security team, process changes and tools to close even the smallest gaps that the attacker exploits,” says Ilya SotnikovSecurity strategist at Netwrix.

About Netwrix

Netwrix is committed to cybersecurity to ensure a better digital future for every organization. Netwrix's innovative solutions protect data, identities and infrastructure, reducing both the risk and impact of a breach for more than 13,500 organizations in over 100 countries. Netwrix empowers security professionals to confidently confront digital threats by enabling them to identify and protect sensitive data, and detect, respond to and recover from attacks.

For more information, visit www.netwrix.com.

CONTACT:

Erin Jones
Avista PR for Netwrix
Phone: 704.664.2170
A: [email protected]

Source: Netwrix