Connect with us

Hi, what are you looking for?

HEADLINES

CEOs, vice presidents and other executives are four times more likely to be phishing victims

The report revealed that despite a stunning 97% of leaders and security professionals reporting their organization is as prepared or more prepared to defend against cybersecurity attacks than they were a year ago, one in five would not bet a chocolate bar they could prevent a damaging breach.

Ivanti, provider of the Ivanti Neurons automation platform that discovers, manages, secures and services IT assets from cloud to edge, today announced the results of its State of Security Preparedness 2023 study. Ivanti worked with cybersecurity experts and surveyed 6,500 executive leaders, cybersecurity professionals and office workers to understand the perception of today’s cybersecurity threats and to find out how companies are preparing for yet-unknown future threats.

The report revealed that despite a stunning 97% of leaders and security professionals reporting their organization is as prepared or more prepared to defend against cybersecurity attacks than they were a year ago, one in five would not bet a chocolate bar they could prevent a damaging breach.

In fact, the study finds that organizations are racing to fortify against cyber-attacks, but the industry still struggles with a reactive, checklist mentality. This is most pronounced in how security teams are prioritizing patches. While 92 per cent of security professionals reported they have a method to prioritize patches, they also indicated that all types of patches rank high – meaning none do.

“Patching is not nearly as simple as it sounds,” said Dr. Srinivas Mukkamala, Chief Product Officer at Ivanti. “Even well-staffed, well-funded IT and security teams experience prioritization challenges amidst other pressing demands. To reduce risk without increasing workload, organizations must implement a risk-based patch management solution and leverage automation to identify, prioritize and even address vulnerabilities without excess manual intervention.”

Advertisement. Scroll to continue reading.

Cybersecurity insiders view phishing, ransomware and software vulnerabilities as top industry-level threats for 2023. Approximately half of respondents indicated they are “very prepared” to meet the growing threat landscape including ransomware, poor encryption and malicious employees, but expected safeguards such as deprovisioning credentials is ignored a third of a time and nearly half of those surveyed say they suspect a former employee or contractor still has active access to company systems and files.

The report also revealed that leaders engage in more dangerous behavior and are four times more likely to be victims of phishing compared to office workers. Additionally:

  • More than 1 in 3 leaders have clicked on a phishing link
  • Nearly 1 in 4 use easy-to-remember birthdays as part of their password
  • They are much more likely to hang on to passwords for years
  • And they are 5 times more likely to share their password with people outside the company

One survey taker shared, “We’ve experienced a few advanced phishing attempts and the employees were totally unaware they were being targeted. These types of attacks have become so much more sophisticated over the last two years – even our most experienced staff are falling prey to it.”

To cope with a rapidly expanding threat landscape, organizations must move beyond a reactive, rules-based approach. To learn more about Ivanti’s State of Security Preparedness report, visit here.

Advertisement. Scroll to continue reading.
Advertisement
Advertisement
Advertisement

Like Us On Facebook

You May Also Like

HEADLINES

In rigorous evaluations conducted by prestigious cybersecurity testing organizations, Kaspersky Plus (starting in Q4 2024, Kaspersky Premium), Kaspersky Endpoint Security for Business (KESB), and...

HEADLINES

"Given the Philippines' high exposure to cyber threats, it's important for both individuals and businesses to stay vigilant," said Adrian Hia, Managing Director for...

White Papers

When compared to 2023, Sophos saw a 51% increase in abusing “Living off the Land” binaries or LOLbins; since 2021, it’s increased by 83%.

HEADLINES

Someone illegally acquires or uses personal information such as bank account or credit card numbers of another person to obtain money, goods or services....

HEADLINES

To stay ahead of these challenges, organizations need to invest in AI-driven defenses, transition to quantum-safe encryption, and adopt a Zero Trust approach to...

HEADLINES

There was a 121% Year-on-Year (YoY) increase in identity fraud in 2024 across the region, with significant surges recorded in Singapore (207%), Thailand (206%)...

HEADLINES

As part of RCBC’s 2024 Cybersecurity literacy program, the webinar aims to help Filipinos level up their online banking safety by providing them with...

White Papers

The survey found that CXO’s feel less prepared than their global peers. Less than half or 48% in APAC said they felt completely prepared...

Advertisement