Australia more at risk from cyberattacks, Thales says continued…
The global survey of more than 2700 respondents conducted by Thales revealed significant gaps in risk management and found that over 60% of critical sectors’ data in the cloud is sensitive, with human error remaining the main threat. Thales stated that traditional security approaches are no longer sufficient to address today’s evolving threat landscape, putting nations, organisations, and people’s lives at risk.
The survey also found that 44% of respondents reported increased cyberattack volume, severity, and scope in the past 12 months, while more than a third had experienced a security breach. Only half of the respondents could classify at least half of their data. More than three-quarters of respondents were very or somewhat concerned about security risks and threats from employees working remotely.
However, only 45% had a formal ransomware plan, and just half of the critical infrastructure organisations surveyed used multi-factor authentication. In addition, according to the report, enterprises may lack a good understanding of the effects of all the parties involved, such as cyber insurance underwriters, incident response firms, government regulations, and ransomware attribution.