Eighty percent of respondents believe cyber attacks to be a greater threat to their nation than physical attacks, according to Cyber-Ark’s 7th annual advanced threat survey.
More than half of all businesses (51 percent) believe hackers are already inside their networks or have been in the past year.
Fifty-seven percent said their company puts too much faith in perimeter security and 64 percent of respondents are now managing privileged accounts as an advanced threat security vulnerability.
The findings of this survey are based on interviews with 989 IT and C-level executives across North America, Europe, and Asia Pacific. Sixty-one percent of respondents in APAC believe that government and legislative action can help protect critical infrastructure against advanced threats.
“To achieve their goals, outside attackers must steal the privileged credentials of an authorised user to gain the access necessary to meet their objectives,” said John Worrall, CMO of Cyber-Ark. “ This level of threat requires a proactive approach to security that protects and monitors the access points to the critical data and assets that attackers are targeting.”
High-profile data breaches
The industry has become very aware of the threats posed by cyber attackers and the reports of nation-based attacks on global critical infrastructure and businesses.
However, the survey shows businesses still have to go a long way to secure the enterprise from advanced attacks as perimeter security is breached at a continued rate. Cyber-Ark advises businesses to secure the access points to the critical data and assets that are vulnerable to attacks.
Privileged accounts are now the primary target for advanced enterprise attacks and 64 percent of respondents are now managing privileged accounts as an advanced threat security vulnerability.
Thirty-nine percent either don’t know how to identify where privileged accounts exist or are doing so manually.
Fifty-six percent of respondents are not aware of what their cloud service providers do to protect and monitor privileged accounts.
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