IT professionals are overconfident in their ability to detect and remediate malware attacks.
See also: Harvard Pilgrim Health Care: Recent ransomware attack led to data breach
When it comes to detecting and remediating malware attacks, many IT professionals are overconfident, according to the Ransomware 2023 report from Cybersecurity Insiders and BullWall.
See also: New zero-day MOVEit Transfer is being exploited massively in data theft attacks
When it comes to attack detection, 77% of respondents incorrectly believe that their endpoint security solution can adequately protect their servers from malware attacks. There is also a significant confidence gap between detection and remediation, with 76% saying they are confident in their organization ’s ability to prevent an attack, but only 35% saying they have confidence in their ability to recover from ransomware after it has locked or encrypted data within their systems .
According to the report, expectations for recovery time were overly optimistic, with 35% saying they believe they can recover from an attack within days, even though research shows the average is weeks or months. The vast majority (79%) say a threat is moderately to extremely likely to occur in their organization within the next year.
Respondents also saw their data at risk, with 69% reporting that financial information was at risk, 61% saying that customer information was at risk and 56% saying that employee information was at risk. In the event of being hit by ransomware, respondents said the biggest negative impacts would be downtime (82%), financial losses (75%) and reputational damage (68%).
See also: Exploit released for RCE flaw in popular ReportLab PDF library
Last year, according to experts, there were over 217 million attacks in the US alone.
The survey surveyed 435 cybersecurity professionals from technology, financial services, healthcare, pharmaceutical and biotechnology, education, retail, non-profit organizations and other sectors.
Information source: medicaleconomics.com
