Australian organisations battle with cyberattacks on a daily basis and it’s common wisdom that it’s near impossible to keep attackers out. But a recent survey shows that a majority of IT decision makers in Australia believe they can prevent hackers from breaking into their corporate networks. Here are the details.
IT access management security vendor CyberArk recently asked 750 IT security decision makers (C-level executives, directors and department heads) in companies with a minimum of 500 employees on their thoughts on the security landscape. Roughly 100 respondents were from Australia and New Zealand.
According to the survey, 77% of Australian IT decision makers now believe they can prevent attackers from breaking into their internal network; this is despite 41% acknowledging there is currently a cyberattacker on their network or has been in the past 12 months. Around 46 per cent believe their organisation was a victim of a ransomware attack over the past two years.
Seventy-nine per cent of respondents have listed that stopping breaches and removing attackers on their networks is their top priority, followed by detecting the source of the beach.
The survey also details that 79% of Australian organisations have learned lessons from major cyberattacks and have taken steps to improve security. These steps include increased deployment of:
- Endpoint security (28%)
- Malware detection (23%)
- Security analytics (18%)
The top cyberattacks Australian companies are concerned with in the next 12 months are:
- Distributed denial-of-service (DDOS): 27%
- Perimeter breaches: 18%
- Phishing: 13%
- Ransomware: 13%
- Privileged account exploitation: 13%
CyberArk bemoaned the fact that organisations aren’t taking privileged account security seriously enough. The surveyed also revealed 44% of Australian organisations still store privileged and administrative passwords in a Word document or spreadsheet.