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Hackers Employing Encryption are Successfully Infiltrating Organizations Worldwide

 

Threat analysts find it “increasingly difficult” to spot and thwart cyber assaults targeting their businesses, according to the latest findings from Security AI-driven hybrid cloud threat detection and response firm Vectra. 

According to the study, 70% of businesses have experienced an assault that exploited encrypted traffic to evade detection. 45% acknowledged that they have been a victim more than once. Unfortunately, 66% of respondents still lack visibility into all of their encrypted traffic, making them extremely susceptible to additional encryption attacks. 

As per the survey, analysts are unable to respond to complex threats due to the burdens placed on cybersecurity and networking specialists, which are continually growing. Major conclusions include:

  • 40% more resources in the cloud and 36% more devices on the network are to blame for the growth in workloads in threat detection and response, according to 45% of cybersecurity and networking professionals. 
  • 37% think that as threats have become more sophisticated, it has become more difficult for analysts to identify real attacks. 
  • 69 percent concur that the time between exploitation and detection provides hackers too much time to infiltrate a network – with 29 percent also citing communication issues between the security operations center and other IT teams. 
  • In addition, 23 percent believe SOC analysts do not have the right level of skills, and 18 percent believe they're understaffed, indicating security teams are not equipped to mitigate the cyberattacks. 
  • More than half (60%) of small and medium-sized businesses feel threat detection and response is now harder – suggesting smaller businesses are struggling to keep pace with the evolving landscape of cybercrime. 

“Organizations face a barrage of threats on all fronts – in their network, cloud, and IT environments – while cybercriminals use techniques like encryption to breach firms undetected. What’s more, many don’t have the skills or staff to deal with increasing security workloads,” stated Mark Wojtasiak, VP of Product Strategy at Vectra. 

“To stem the tide against them, security teams need total visibility into their environments, so they can spot the signs of an attack before it becomes a breach.”

Enterprises Enhancing Data Protection for Cloud Workloads

 

Most businesses are opting for multiple cloud services to guard their data, according to Cloud Protection Trends Report 2023 published by Veeam software. 

The report covered four important “as a Service” scenarios: Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS), and Backup and Disaster Recovery as a Service (BaaS/DRaaS). 

The report is the result of a third-party research firm that surveyed 1,700 IT firms from 7 nations (US, UK, France, Germany, Japan, Australia, and New Zealand), on their utilization of cloud services in both production and protection scenarios. Here are key highlights of Cloud Protection Trends Report 2023: 

• Technical failures are the most frequent cause of downtime with an average of 53% of respondents experiencing outages across infrastructure/networking, server hardware, and software. 46% of respondents experienced cases of an administrator configuration error, while 49% were hindered by accidental deletion, overwriting of data or corruption caused by users. 

• With cybersecurity continuing to be a critical issue, data protection strategies have evolved, and most organizations are giving backup responsibilities to experts, instead of requiring each workload (IaaS, SaaS, PaaS) owner to safeguard their own data. 

•Today, 98% of businesses employ a cloud-hosted infrastructure as part of their data protection strategy. DRaaS is perceived as surpassing the tactical benefits of BaaS by providing expertise around Business Continuity and Disaster Recovery (BCDR) planning, implementation, and testing. 

• Expertise is recognized as the main differentiator by users choosing their BaaS/DRaaS provider, based on business acumen, technical IT recovery architects, and operational assistance in planning and documentation of BCDR strategies. 

“The growing adoption of cloud-powered tools and services, escalated by the massive shift to remote work and current hybrid work environments, put a spotlight on hybrid IT and data protection strategies across industries,” stated Danny Allan, CTO and Senior Vice President of Product Strategy at Veeam.

“As cybersecurity threats continue to increase, organizations must look beyond traditional backup services and build a purposeful approach that best suits their business needs and cloud strategy. This survey shows that workloads continue to fluidly move from data centers to clouds and back again, as well as from one cloud to another — creating even more complexity in data protection strategy.”