New threat environment elements and global attack trends

There has been an increase in both cyberattack volume and breaches during the past 12 months in the U.S. This has prompted increased investment in cyber defense, with U.S. businesses already using an average of more than nine different cybersecurity tools, a VMware survey found.

Key findings

• 92% said attack volumes have increased in the last 12 months, the survey found.
• 97% said their business has suffered a security breach in the last 12 months. The average organization said they experienced 2.70 breaches during that time, the survey found.
• 84% said attacks have become more sophisticated, the survey found.
• 95% said they plan to increase cyber defense spending in the coming year.
• OS vulnerabilities are the leading cause of breaches, according to the survey, followed by web application attacks and ransomware.
• US companies said they are using an average of 9 different security technologies to manage their security program, the survey found.

Common breach causes in U.S.

The most common cause of breaches in the U.S. was OS vulnerabilities (27%). This was jointly followed by web application attacks with 13.5% and ransomware with 13%. Island-hopping was the cause of 5% of breaches.

Rick McElroy, Cyber Security Strategist at VMware Carbon Black, said: “Island-hopping is having an increasing breach impact with 11% of survey respondents citing it as the main cause. In combination with other third-party risks such as third-party apps and the supply chain, it’s clear the extended enterprise is under pressure.”

Complex multi-technology environments

US cybersecurity professionals said they are using an average of more than nine different tools or consoles to manage their cyber defense program, the survey found. This indicates a security environment that has evolved reactively as security tools have been adopted to tackle emerging threats.

“Siloed, hard-to-manage environments hand the advantage to attackers from the start. Evidence shows that attackers have the upper hand when security is not an intrinsic feature of the environment. As the cyber threat landscape reaches saturation, it is time for rationalization, strategic thinking and clarity over security deployment,” said McElroy.

Supplemental COVID-19 survey in U.S.

The latest research was supplemented with a survey on the impact COVID-19 has had on the attack landscape. According to the supplemental survey of more than 1,000 respondents from the U.S., UK, Singapore and Italy, 88% of U.S. cybersecurity professionals said attack volumes have increased as more employees work from home. 89% said their organizations have experienced cyberattacks linked to COVID-19 malware.

Key findings from the supplemental U.S. COVID-19-focused survey:

• 89% said they have been targeted by COVID-19-related malware.
• Inability to institute multifactor authentication (MFA) was reported as the biggest security threat to businesses during COVID-19, the survey found.
• 83% reported gaps in disaster planning around communications with external parties including customers, prospects, and partners.

Said McElroy: “The global situation with COVID-19 has put the spotlight on business resilience and disaster recovery planning. Those organizations that have delayed implementing multi-factor authentication appear to be facing challenges, as 32% of U.S. respondents say the inability to implement MFA is the biggest threat to business resilience they are facing right now.”

Exposing gaps in a disaster recovery plan

U.S. survey respondents were asked whether COVID-19 had exposed gaps in their disaster recovery plans, and to indicate the severity of those gaps. Their responses showed that:

• 83% of respondents reported gaps in recovery planning, ranging from slight to severe.
• 83% said they had uncovered gaps in IT operations.
• 84% said they encountered problems around enabling a remote workforce.
• 83% said they’ve experienced challenges communicating with employees
• 83% said they had experienced difficulty communicating with external parties.
• 63% said the situation uncovered gaps around visibility into cybersecurity threats.

“These figures indicate that the surveyed CISOs may be facing difficulty in a number of areas when answering the demands placed on them by the COVID-19 situation,” according to McElroy.

Risks directly related to COVID-19 have also quickly emerged, the survey found. This includes rises in COVID-19 malware which was seen by 89% of U.S. respondents.

Said McElroy: “The 2020 survey results suggest that security teams must be working in tandem with business leaders to shift the balance of power from attackers to defenders. We must also collaborate with IT teams and work to remove the complexity that’s weighing down the current model.

“By building security intrinsically into the fabric of the enterprise – across applications, clouds and devices – teams can significantly reduce the attack surface, gain greater visibility into threats, and understand where security vulnerabilities exist.”