Intelligent CIO Europe Issue 20 | Page 24

TRENDING “ ONE IN FIVE IT MANAGERS SURVEYED DIDN’T KNOW HOW THEY WERE BREACHED AND THE DIVERSITY OF ATTACK METHODS MEANS NO ONE DEFENSIVE STRATEGY IS A SILVER BULLET. example, 53% of those who fell victim to a cyberattack were hit by a phishing email and 30% by ransomware. Forty-one percent said they suffered a data breach. Weak links in security increasingly lead to supply chain compromises Based on the responses, it’s not surprising that 75% of IT managers consider software exploits, unpatched vulnerabilities and/or 24 INTELLIGENTCIO states may have created the blueprints for these attacks, once these techniques are publicised, other cybercriminals often adopt them for their ingenuity and high success rate,” said Wisniewski. “Supply chain attacks are also an effective way for cybercriminals to carry out automated, active attacks where they select a victim from a larger pool of prospects and then actively hack into that specific organisation using hand-to-keyboard techniques and lateral movements to evade detection and reach their destination.” Lack of security expertise, budget and up to date technology Chester Wisniewski, Principal Research Scientist, Sophos zero-day threats as a top security risk. Fifty percent consider phishing a top security risk. Alarmingly, only 16% of IT managers consider supply chain a top security risk, exposing an additional weak spot that cybercriminals will likely add to their repertoire of attack vectors. “Cybercriminals are always looking for a way into an organisation and supply chain attacks are ranking higher now on their list of methods. IT managers should prioritise supply chain as a security risk, but don’t because they consider these attacks perpetrated by nation states on high profile targets. While it is true that nation According to the Sophos survey, IT managers reported that 26% of their team’s time is spent managing security, on average. Yet, 86% agree security expertise could be improved and 80% want a stronger team in place to detect, investigate and respond to security incidents. Recruiting talent is also an issue, with 79% saying that recruiting people with the cybersecurity skills they need a challenge. Regarding budget, 66% said their organisation’s cybersecurity budget (including people and technology) is below what it needs to be. Having current technology in place is another problem, with 75% agreeing that staying up to date with cybersecurity technology is a challenge for their organisation. This lack of security expertise, budget and up to date technology indicates IT managers are www.intelligentcio.com