TRENDING
EXTRAHOP REPORT FINDS 82 % OF AUSTRALIAN AND NEW ZEALAND ORGANIZATIONS PAID UP IN RANSOMWARE ATTACKS
As organizations increasingly find themselves under attack , new data discovers them drowning in cybersecurity debt .
IT security and Chief Information Security Officers have long struggled to articulate the cost of cybersecurity debt to their organizations . Yet doing so is key to getting the funding required to pay down this debt , since it can expose organizations to significant risk .
To put the cost of cybersecurity debt into perspective and help security leaders make a compelling case for addressing it , ExtraHop released the 2023 Global Cyber Confidence Index : Cybersecurity Debt Drives Up Costs and Ransomware Risk , which identified a link between cybersecurity debt and heightened exposure to cybersecurity incidents , including ransomware , among Australian and New Zealand organizations .
The research , which compares IT leaders ’ cybersecurity practices with the reality of the attack landscape , found organizations experienced a significant increase in ransomware – from an average of four attacks over five years in 2021 versus four
As organizations find themselves overburdened by staffing shortages and shrinking budgets , it ’ s no surprise that IT and security teams have deprioritized some of the basic cybersecurity necessities that may seem a bit more mundane or expendable .
attacks over the course of one year in 2022 . Of those who fell victim , 82 % admitted to paying the ransom at least once .
As organizations increasingly find themselves under attack , the data discovered they are drowning
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