Report: U.S. companies expertise 42 cyberattacks per yr

Keeper Safety launched its second annual 2022 U.S. Cybersecurity Census Report, which maps the reworking panorama of cybersecurity based mostly on professional insights from 500+ IT decision-makers in U.S. companies. This yr’s findings clearly present that whereas cybersecurity is a key precedence, staying a step forward of unhealthy actors is a steady problem -– and plenty of companies aren’t preserving tempo.

In keeping with survey respondents, U.S. companies expertise 42 cyberattacks annually. Of these, about three cyberattacks are profitable. The overwhelming majority of respondents anticipate the whole variety of assaults will improve over the subsequent yr, with 39% predicting the variety of profitable cyberattacks may even improve.

In the meantime, the monetary, reputational and organizational repercussions of those assaults can also be rising, with companies unable to hold out important 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.

Investments in cybersecurity fall brief

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

One stolen password can result in a devastating cyberattack. Nonetheless, fewer than half (48%) of respondents state they’ve plans to put money into 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 yr and 58% are rising 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. Practically half (48%) of IT chief respondents reported being conscious of a cyberattack of their group however preserving it to themselves.

This lack of transparency will allow cybercriminals to thrive. Companies should put money into 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 full report from Keeper Safety.