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|Radware Research Finds Data Loss Is Top Cyber-Attack Concern|
|Posted: Tue Jan 10, 2017 01:24:13 PM|
Radware’s Global Application and Network Security Report 2016-2017 Finds Ransom Was The #1 Motivation Behind Cyber-Attacks, Malware Was the Most Frequent Type of Attack, and IoT Botnets are a Major Concern
Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions ensuring the digital user experience for applications in virtual, cloud, and software-defined data centers, has found that hackers and companies agree on one thing: Data is lucrative. Radware’s Global Application and Network Security Report 2016-2017 revealed that 49% of businesses confirmed being the subject of a cyber-ransom campaign in 2016. What’s more, 27% of IT professionals surveyed chose data leakage or loss as a key concern when faced with a cyber-attack, while only 19% chose service outage, 16% selected reputation loss, and just 9% cited customer or partner loss.
The full report identifies 2016’s major attack trends, outlines industry preparedness, and gives insider views from the front lines to the corner office. Among the biggest trends identified for the current report coverage period:
“One thing is clear: Money is the top motivator in the threat landscape today,” said Carl Herberger, Vice President of Security Solutions at Radware. “Attackers employ an ever-increasing number of tactics to steal valuable information, from ransom attacks that can lock up a company’s data, to DDoS attacks that act as a smoke screen for information theft, to direct brute force or injection attacks that grant direct access to internal data.
“Our report shows that most organizations are still not prepared to fend off many of the more sophisticated attacks. There is a vast market for mitigating attacks in progress and defending against threats, both new and established, that grow in severity by the day. From our Emergency Response Team to our extensive products and services, Radware stands ready to guard organizations’ data, systems, and customers from harm.”
Key predictions from the report include:
“Threat actors have a single focus, to develop the best tools possible to either disable an organization or steal its data,” said Carl Herberger, Vice President of Security Solutions at Radware. “Businesses focus on delivering the highest value to their customers. In order to deliver that value, security must be woven into the customer experience for a company to truly succeed. Without this change in thinking, organizations will remain vulnerable.”
Radware’s Emergency Response Team (ERT), which actively monitors and mitigates attacks in real-time, creates this annual report for use by the security community. The ERT team compiles this report using a combination of data from a vendor-neutral survey of organizations, Radware’s in-the-trenches experience fighting cyber-attacks, as well as the perspective of third-party service providers. The goal of this report is to provide the industry with insights and best practices to help prepare for 2017’s security landscape.
To download the complete Global Application & Network Security Report 2016-2017, which includes the ERT’s complete predictions and recommendations for how organizations can best prepare for mitigating cyber threats in 2017 please visit https://www.radware.com/ert-report-2016/.