Connect with us

Hi, what are you looking for?

HEADLINES

It’s double trouble for companies with a virtual infrastructure

Companies with a virtual infrastructure may have to double their regular spending in case they are attacked by cybercriminals.

A special report on the Security of Virtual Infrastructure prepared by Kaspersky Lab, reveals that companies pay a significant premium to recover from a cyberattack, if the virtual infrastructure is affected during the incident. Enterprises pay more than US$800,000 on average to recover from a security breach, which is twice as much compared to incidents involving only physical infrastructure.

According to the report, SMBs experience the same pattern as enterprises. On average, SMBs reported damages of more than $26,000 for an attack on their physical infrastructure. However, the involvement of virtual infrastructure in a security breach drives the cost up closer to $60,000.

Virtual Means Mission Critical

Advertisement. Scroll to continue reading.

The main reason behind the additional cost for  a security breach affecting virtual environments is that the majority of businesses use virtual infrastructure for their most important operations.

While an attack on physical nodes leads to the temporary loss of access to business critical information in 36% of incidents reported, this rises to 66% when a breach affects virtual servers and desktops. Attacks affecting virtual environments also more frequently require additional budget on third-party expertise. Businesses have to request help not only from IT consultants, but also lawyers, risk management experts and others.

Sixty-two percent of companies that have already embraced virtualization platforms are likely to entrust them with their most critical business processes.

The complexity of security measures in a virtual environment, as well as an incorrect perception of the threat landscape are two additional elements that increase the cost of recovery in the virtual environment.

Kaspersky Lab’s report shows that 42% of businesses believe that security risks in virtual environments are significantly lower than in ‘physical’ environments. Forty-five percent of companies report that security management in virtual environments is perceived as a problem.

Advertisement. Scroll to continue reading.

Furthermore, only 27% of businesses have deployed a security solution, specifically designed for the virtual environment.

“Businesses expect that going virtual will drive down their IT spend and streamline their infrastructure,” commented Matvey Voytov, Corporate Products Group Manager, Kaspersky Lab. “However, the survey results show us that if there is not enough attention paid to security matters in the virtual environment, expenses may exceed the benefit.”

Voytov advises businesses to use customized, virtual-aware security solutions with centralized management and reporting.

“The solution should have a low impact on resources, a high detection rate and the ability to spot suspicious activity right away,” notes Voytov.

Advertisement. Scroll to continue reading.
Advertisement
Advertisement
Advertisement

Like Us On Facebook

You May Also Like

HEADLINES

The campaigns show attackers are capitalizing on people’s increasing familiarity with completing multiple authentication steps online – a trend HP calls ‘click tolerance’. 

White Papers

IBM X-Force observed an 84% increase in emails delivering infostealers in 2024 compared to the prior year, a method threat actors relied heavily on...

HEADLINES

Kaspersky participated in 95 independent tests and reviews, with its products being awarded first place 91 times and 92 TOP3 finishes, achieving the highest results among...

HEADLINES

‘Wangiri’ originated in Japan in the early 2000’s. The term describes the modus. ‘Wan’ is a play on the word ‘one’ while ‘giri’ means...

HEADLINES

Smart and its value brand TNT do not send text messages with clickable links. If you receive one—even if it looks like it’s from...

White Papers

n the Philippines, industry players are taking a more proactive approach to building a security framework for digital resilience.

HEADLINES

This marks the company’s first participation in the region’s premier tech event, where it will showcase its groundbreaking cybersecurity solutions to industry leaders, innovators,...

HEADLINES

A report found that the primary way attackers gained initial access to networks (56% of all cases across MDR and IR) was by exploiting...

Advertisement