Study finds security professionals compare ransomware to terrorism
Venafi , a leading provider of machine identity management , has announced the findings of a global survey of more than 1,500 IT security decision makers that reveals almost two-thirds ( 60 %) believe ransomware threats should be prioritized at the same level as terrorism .
“ The fact that most IT security professionals consider terrorism and ransomware to be comparable threats tells you everything you need to know – these attacks are indiscriminate , debilitating and embarrassing ,” said Kevin Bocek , Vice President Ecosystem and Threat Intelligence at Venafi .
“ Unfortunately , our research shows that while most organizations are extremely concerned about ransomware , they also have a false sense of security about their ability to prevent these devastating attacks . Too many organizations say they rely on traditional security controls like VPNs and vulnerability scanning instead of modern security controls , like code signing , that are built into security and development processes .”
The study shows that most organizations are not using security controls that break the ransomware kill chain early in the attack cycle .
It also finds that over two thirds ( 67 %) of respondents from organizations with more than 500 employees experienced a ransomware attack over the last 12 months .
Workday sees continued momentum in financial services supporting global institutions
As part of the momentum , Workday achieved a record number of customer deployments in the past year across the financial services sector and welcomed more than 100 new financial services customers in the last 18 months – including new global customer First Sentier Investors – that selected Workday to advance their digital initiatives in a fast-changing , regulated industry .
The momentum underscores the growing industry adoption of Workday cloud finance offerings , including Workday Financial Management and Workday Accounting Center , which enable financial services customers to have better insight into various data sets by breaking down silos to support more informed decision making .
The last 18 months have brought challenges and opportunities for the financial services industry – whether it is market fluctuations , interest rates or return on investments – requiring financial services organizations to adapt quickly to keep pace with a highlyregulated environment .
Workday , a leader in enterprise cloud applications for finance and human resources , has announced continued momentum within the financial services industry with more than 70 % of financial services organizations in the Fortune 500 having selected Workday .
This includes the need for new technologies that help provide improved insight into business operations to identify and mitigate risk and digitally transform time-consuming and budget-draining processes and functions such as financial reporting and accounting .
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