GetApp’s 5th Annual Data Security Report: U.S. Businesses See Cyberattacks Tick Down–But They’re Still At Unsustainably High Level
U.S. businesses on the whole are gaining ground against cyber criminals after several years of increasingly severe threats, but the Las Vegas cyberattacks are a stark reminder of the cost of a breach.
GetApp’s 5th Annual Data Security Report reveals that the ransomware rate remains alarmingly high at 37%, despite meaningful improvements over the last year. While there is still work to be done, increased investments and training are likely behind these impressive gains: the study shows that, since last year, phishing links clicked by workers decreased 25% while ransomware attacks dropped 30%. Alarmingly, however, the report finds that only one in three businesses (34%) are training staff on social engineering techniques.
This survey of 872 workers including IT professionals and IT security managers uncovers six key trends on the cyber threat landscape as U.S. businesses turn a corner with data security:
1. Most security leaders view AI as more friend than foe.
A key question is whether AI is doing more to help prevent attacks—or to launch them. According to 59% of IT security leaders, AI is more likely to help security teams enhance their defenses than it is to strengthen cyber criminals. However, IT leaders still voice security concerns about AI.
2. Phishing is down, but the overall threat remains high.
Phishing effectiveness has cooled from last year’s critical high: 80% of businesses report receiving phishing emails this year (from 89% in 2022), and 61% say their employees clicked on a malicious link (from 81% in 2022). While this is promising news, IT security managers consider advanced phishing attacks as the top threat heading into 2024.
3. Ransomware attacks decline as decryption rate nearly doubles.
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