Use Access Management Software to Ensure Security Within Your Business Operations

Although, more than half of the organizations surveyed were hit by a cyberattack in the last year, a lack of visibility remains high, threat detection is problematic, false alarms cost time and money, according to a new research.

Uncomfortable truth #1: Over two-thirds of organizations were hit by a cyberattack in the last year.

More than a third are discovered on the server.

#2: IT teams lack visibility and spend lot of time spotting the attack.

Clearly 13 hours is a lot of time for a hacker to have uninterrupted access to your systems and data, and enough time to wreak significant damage, extract sensitive data, steal credentials, install Trojans, ransomware and more.

#3: IT teams can’t plug their security gaps because they don’t know what they are.

• One in five IT managers are unaware how their most significant cyber-attack entered their organizations.
• Larger organizations are more likely to know how threats got in than the smaller ones. They likely have more skilled resources and more comprehensive cybersecurity solutions than smaller companies do.

#4: Organizations lose 41 days each year investigating non-issues.

• Organizations spend, on average, four days a month investigating potential security issues, or 48 days a year.
• Only 15% turn out to be actual infections. As a result, 41 days are lost investigating non-issues.

#5: Four out of Five organizations are struggling with detection and response mostly due to a lack of security expertise.

IT Managers wish they had a stronger security team.

• 80% of all respondents
• 85% among those who have experienced cyberattack
• 71% among those who haven’t experienced once.

#6: Cyber victims learn the hard way.

More than half of organizations don’t see the value in investing in cybersecurity solutions. Most also think they don’t have digital assets that need that protection, only to realize that a cyberattack will impact all business operations, not just IT.

Organizations victimized by a cyberattack in the last year are more cautious and spend more time investigating potential incidents.

Recommendations:

Be Proactive.

• Unfortunately, 54% of organizations think cybersecurity investments are not important or not beneficial. This research finds that one cyberattack will take cybersecurity from business priority #n to priority #1.

Enhance Visibility.

• Organizations should start with an assumption that a threat will make its way through, be mindful of the limitations to their visibility into threats and their resulting inability to identify and block the gaps in their defenses.

Source: https://www.ascentinfosec.com/blog/customers-are-struggling-with-lack-of-visibility-and-threat-detection/

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