Newton, Mass. and Petach Tikva, Israel, 01 Mar 2018
According to the CyberArk Global Advanced Threat Landscape Report 2018, nearly half (46%) of IT security professionals rarely change their security strategy substantially - even after experiencing a cyber attack. This level of cyber security inertia and failure to learn from past incidents puts sensitive data, infrastructure and assets at risk.
Security starts with protecting privileged accounts
An overwhelming number of IT security professionals believe securing an environment starts with protecting privileged accounts - 89% stated that IT infrastructure and critical data are not fully protected unless privileged accounts, credentials and secrets are secured.
Respondents named the greatest cyber security threats they currently face, including:
* Targeted phishing attacks (56%).
* Insider threats (51%).
* Ransomware or malware (48%).
* Unsecured privileged accounts (42%).
* Unsecured data stored in the cloud (41%).
IT security respondents also indicated that the proportion of users who have local administrative privileges on their endpoint devices increased from 62% in our 2016 survey to 87% in 2018 - a 25% jump and perhaps indicative of employee demands for flexibility trumping security best practices.
The inertia that could lead to data compromise
The survey findings suggest that security inertia has infiltrated many organisations, with an inability to repel or contain cyber threats - and the risks that this might result in - supported by other findings:
* 46% say their organisation can't prevent attackers from breaking into internal networks each time it is attempted.
* 36% report that administrative credentials were stored in Word or Excel documents on company PCs.
* Half (50%) admit that their customers' privacy or PII (personally identifiable information) could be at risk because their data is not secured beyond the legally-required basics.
Inertia and a 'hands-off' approach to securing credentials and data in the cloud create cyber risk
The automated processes inherent in cloud and DevOps mean privileged accounts, credentials and secrets are being created at a prolific rate. If compromised, these can give attackers a crucial jumping-off point to achieve lateral access to sensitive data across networks, data and applications or to use cloud infrastructure for illicit crypto mining activities. Organisations increasingly recognize this security risk, but still have a relaxed approach toward cloud security. The survey found that:
* Nearly half (49%) of organisations have no privileged account security strategy for the cloud.
* More than two-thirds (68%) defer on cloud security to their vendor, relying on built-in security capabilities.
* 38% stated their cloud provider doesn't deliver adequate protection.
Changing the Security Culture
Overcoming cyber-security inertia necessitates it becoming central to organisational strategy and behaviour, not something that is dictated by competing commercial needs. According to the survey:
* 86% of IT security professionals feel security should be a regular board-level discussion topic.
* 44% said they recognise or reward employees who help prevent an IT security breach, increasing to nearly three quarters (74%) in the US.
* Just 8% of companies continuously perform Red Team exercises to uncover critical vulnerabilities and identify effective responses.
"Attackers continue to evolve their tactics, but organisations are faced with cyber security inertia that is tipping the scales in favor of the attacker," said Adam Bosnian, executive vice president, global business development, CyberArk. "There needs to be a greater urgency in building cyber security resilience to today's attacks. This starts by understanding the expanding privileged account security attack surface and how it puts an organisation at risk. Successfully battling inertia requires strong leadership, accountability, clearly defined and communicated security strategies, and the ability to adopt a 'think-like-an-attacker' mindset."
About the CyberArk Advanced Threat Landscape Report 2018
The CyberArk Advanced Threat Landscape Report 2018 is the 11th in the series. The survey was conducted by Vanson Bourne among 1 300 IT security decision-makers, DevOps and app developer professionals and line of business owners, across seven countries worldwide.
Additional Resources:
* CyberArk Global Advanced Threat Landscape Report 2018: Cyber Security Inertia - https://www.cyberark.com/resource/cyberark-global-advanced-threat-landscape-report-2018/
* Cyber Security Inertia Infographic - https://www.cyberark.com/resource/cyber-security-inertia-infiltrating-enterprise-infographic/
* CyberArk Global Advanced Threat Landscape Report 2018: Focus on DevOps - https://www.cyberark.com/resource/cyberark-global-advanced-threat-landscape-survey-2018-focus-devops/
* CyberArk Global Advanced Threat Landscape Report 2018: The Business View Of Security -
https://www.cyberark.com/resource/cyberark-global-advanced-threat-landscape-report-2018-business-view-security/
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