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Surge in vulnerabilities sparks cybersecurity innovation among global enterprises

May 17, 2019 • Security

Surge in vulnerabilities sparks cybersecurity innovation among global enterprises

New data ranking the ‘cybermaturity’ of organisations reveals the most commonly targeted sectors are also the most prepared to deal with the ever-evolving threat landscape.

Dimension Data’s latest study, the Executive Guide to NTT Security’s 2019 Global Threat Intelligence Report reveals that the average cybersecurity maturity rating stands at a worrying 1.45 out of 5 – a score determined by an organisation’s holistic approach to cybersecurity from a process, metrics and strategic perspective. This comes during a time when security vulnerabilities have also surged to a record high (up 12.5 per cent from 2017).

The finance (1.71) and technology (1.66) sectors boast the highest maturity ratings and are continuing to ramp up their security posture, most likely prompted by their unenviable positions as the most commonly targeted industries, each accounting for 17 per cent of all attacks recorded in 2018.

Scouring trillions of logs and billions of attacks, the research also revealed the most common attack types, with web attacks the most prevalent threat, doubling in frequency since 2017 and accounting for 32 per cent of all attacks detected last year. Reconnaissance (16 per cent) was the next most common hostile activity, closely followed by service-specific attacks (13 per cent) and brute-force attacks (12 per cent).

Mark Thomas, VP, Cybersecurity at Dimension Data said, “There’s clearly work to be done across all sectors in order to establish more robust security postures. However, it’s reassuring to see many C-suite leaders recognising the importance of making more strategic investments to improve their cybersecurity defences.

“There have been some exciting developments in the predictive threat intelligence space, with new levels of collaboration and buy-in across the cybersecurity value chain. What’s more, the most-targeted industries are also the most likely to seek assistance to evolve their strategies and build their security programmes. This bodes well for companies looking to reach their desired cybermaturity state.”

Other highlights from the research include:

  • Globally, 35 per cent of attacks originate from IP addresses within the US and China, followed by EMEA and APAC.
  • Cryptojacking represents a significant amount of hostile activity, at times accounting for more detections than all other malware combined, hitting the technology and education sectors hardest.
  • Credential theft is up as attackers target cloud credentials, with tech companies (36 per cent), telcos (18 per cent), and business and professional services (14 per cent) significantly impacted by this.
  • Click here to download Dimension Data Executive Guide to the NTT Security 2019 Global Threat Intelligence Report.

Edited by Fundisiwe Maseko
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