Companies worldwide have mustered the motivation to address the most common cybersecurity challenges, but are hampered by technological and procedural lapses, new research shows.
Cyber risk has become a board room topic in recent years, but many hurdles associated with cybersecurity tools and processes have yet to be resolved. For example, unpatched software vulnerabilities – one of the most common attack vectors for cybercriminals – remains a huge problem for organizations everywhere.
Despite a 24% average increase in annual spending on prevention, detection and remediation, data silos and poor organizational coordination delay the patching of known flaws by an average of 12 days, according to a study conducted by Ponemon Institute for ServiceNow. The average timeline to patch the most critical vulnerabilities is even longer – 16 days.
Surveyors polled 3,000 security professionals in nine countries and learned that cyberattacks increased 17% over the past year and their severity rose 27% compared to 2018 – no small numbers by any measure. However, key to these findings was that 60% of breaches were linked to a vulnerability where a patch was available, but not applied, reminiscent of the Equifax mega breach in late 2017, and other high-profile security incidents. Other key findings include:
Factors beyond staffing that contribute to delays in vulnerability patching show that organizations are in dire need of automated patch management in an ever-expending cybercriminal landscape. The results also underscore the need for organizations to act sooner rather than later.
Filip is an experienced writer with over a decade of practice in the technology realm. He has covered a wide range of topics in such industries as gaming, software, hardware and cyber-security, and has worked in various B2B and B2C marketing roles. Filip currently serves as Information Security Analyst with Bitdefender.View all posts
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