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Report: U.S. businesses experience 42 cyberattacks per year

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Keeper Safety launched its second annual 2022 U.S. Cybersecurity Census Report, which maps the remodeling panorama of cybersecurity primarily based on professional insights from 500+ IT decision-makers in U.S. companies. This 12 months’s findings clearly present that whereas cybersecurity is a key precedence, staying a step forward of unhealthy actors is a steady problem -– and lots of companies are usually not maintaining tempo.

In accordance with survey respondents, U.S. companies expertise 42 cyberattacks annually. Of these, about three cyberattacks are profitable. The overwhelming majority of respondents count on the overall variety of assaults will enhance over the subsequent 12 months, with 39% predicting the variety of profitable cyberattacks may even enhance.

In the meantime, the monetary, reputational and organizational repercussions of those assaults can also be growing, with companies unable to hold out essential operations and dropping contracts, amongst different damaging impacts. Of these organizations that had cash stolen as the results of a cyberattack, the common quantity was greater than $75,000, and 37% of organizations misplaced $100,000 or extra.

Picture supply: Keeper Safety.

Investments in cybersecurity fall quick

Regardless of these alarming statistics, one-third (32%) of U.S. IT leaders nonetheless lack a administration platform for IT secrets and techniques, equivalent to API keys, database passwords and privileged credentials.

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One stolen password can result in a devastating cyberattack. Nonetheless, fewer than half (48%) of respondents state they’ve plans to spend money on password administration, visibility instruments for network-based threats or infrastructure secrets and techniques administration.

A majority (71%) of respondents report making new hires in cybersecurity over the previous 12 months and 58% are growing cybersecurity coaching.

But, whereas funding in cybersecurity is rising, cybersecurity shouldn’t be but a excessive sufficient organizational precedence. IT leaders admit an absence of transparency in cyber incident reporting inside their organizations. Almost half (48%) of IT chief respondents reported being conscious of a cyberattack of their group however maintaining it to themselves.

This lack of transparency will allow cybercriminals to thrive. Companies should spend money on cybersecurity instruments, training and cultural shifts to guard their organizations within the evolving menace panorama.

Methodology

To develop its second annual U.S. Cybersecurity Census Report, Keeper Safety surveyed 516 IT decision-makers within the U.S. in partnership with Sapio Analysis.

Learn the complete report from Keeper Safety.

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