According to a recent study done by Barkly, today’s common security safeguards including email filtering, firewalls, and security awareness training still might not be enough to stop cybercriminals, where the recent study found that 95% of ransomware attacks were able to bypass firewalls and 77% successfully bypassed email filtering.
In addition, one-third of all attacks were successful even when the victims had completed security awareness training.
The study also shows that 52 % of the attacks bypassed anti-malware, where as 100 % of the victims were running antivirus at the time of the attack, and 32 % of respondents reported that loss they experienced were more than $400,000 as a result of such attacks.
Another shocking discovery is that, after an attack, majority of companies avoid to invest in any new security solutions but tend to double down on the protection that had failed them in the first place.
The average investments for cyber protection following a successful attack as followed:
26% invested in email filtering
25% invested in security awareness training services
20% invested in antivirus
17% invested in firewalls
43% did not invest in any additional solutions
The Barkly study results show that IT pros do not see many good security solutions to be trusted to protect against cyber threats, supported by the fact 43 % of respondents chose not to invest in any additional solutions of any kind. However, recent researches support the fact proactive prevention rather than reactive recovery needs to be the focus for cybersecurity.
“Increasing user awareness, information and intelligence sharing, as well as improving overall risk posture, will be key issues that IT security teams must face sooner rather than later,” SANS analyst and report author G. Mark Hardy said in a statement.
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