EDITOR ’ S QUESTION
When it comes to cybersecurity events , 2021 has been a record-breaking year . Based on a recent report by my company , more DDoS attacks have been blocked during the first nine months of 2021 than all of 2020 . Advanced web application attacks are also on the rise , with the number of blocked web security events per company doubling every quarter for the first three quarters of 2021 .
Data breaches are another area we hear about on a daily basis as attackers motivated by financial gains find it easy to get access to company systems .
And let ’ s not forget about ransomware . It ’ s been on a rampage . Massive ransomware campaigns have been waged against industry leading organizations with huge financial consequences and global business ramifications . Kaseya , JBS and Colonial Pipeline paid millions in ransom . These are just a few realworld examples that show there is still a long way for organizations to go in terms of improving their protection mechanisms .
Organizations themselves will admit they are lacking in organizational readiness . According to industry reports , more than 70 % of IT professionals and leaders say they lack confidence in their cybersecurity posture despite having made major investments in recent years . This response should not be surprising , since based on a report done by my company , more than 94 % of IT professionals said they were attacked . So , it ’ s no longer a question of if a business will be attacked , but when it will be attacked .
Certainly , organizations are much more aware than before about the risk of cyberattack and are investing more in securing their environments and customers data .
With that said , the arena of cyberthreats is growing more sophisticated and complex . Legislation to address data breaches and handling of cyberattacks is on the way and will be the norm in many countries by
2023 . Organizations will be required to deploy better risk management processes , thorough audits , incident response plans , and a dedicated team to oversee the security measures and future cybersecurity challenges . This is a journey , however , there is no magic here . p
There is still a long way for organizations to go in terms of improving their protection mechanisms .
YANIV HOFFMAN , VICE PRESIDENT
TECHNOLOGIES , RADWARE
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