Security operations company Artic Wolf, Announced the findings of the annual report The State of Cybersecurity: 2024 Trend Reportis based on a global survey commissioned by the company by Sapio Research of more than 1,000 senior IT and cybersecurity decision makers from organizations in over 15 countries.
The State of Cybersecurity: 2024 Trend Report Provides security executives and practitioners with insight into the current state and future of cybersecurity, helping organizations achieve better security outcomes and remain at the forefront of cyber defense in an ever-evolving threat environment. .
Business email compromise (BEC) is now the most popular attack method, with three-quarters (70%) of organizations targeted by BEC attacks in the past year, according to the report. We found that one-third (29%) of respondents have been the victim of one or more BEC attacks.
Almost half (45%) of respondents said their organization experienced a ransomware attack in the past 12 months, an increase from last year, and the majority (86%) of those attacks involved data Contains successful theft.
Two-thirds (66%) of organizations that suffered a data breach last year chose to publicly disclose information about the incident, while one-third (30%) only disclosed the breach to affected parties.
Additionally, the report found that while demand for and adoption of cyber insurance is widespread, only a small percentage of organizations (5%) have decided not to obtain coverage. Of the remaining organizations surveyed, the majority (66%) have active cyber insurance policies, while another nearly a third (29%) are in the process of obtaining or plan to obtain insurance this year.
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The majority of organizations (94%) currently have or plan to implement adoption and usage policies for generative AI and large-scale language modeling (LLM) tools this year.
“This year’s insights highlight the growing sophistication of threat actors and the reality of cyber incidents for organizations around the world. Attackers are focused on the human element and are overwhelmingly targeted through business email compromise. “Regardless of the method of intrusion, most successful ransomware attacks involve data exfiltration, making the risk even higher for business leaders,” says Arctic Wolf's Managed Detection and Response. said Ian McShane, Vice President, MDR.
