A Higher Percentage of Companies Say They’ve Been Targeted by Nation-State Hackers, Radware Survey Finds
14 January 2020 - 10:00PM
Radware® (NASDAQ: RDWR), a leading provider of cyber security and
application delivery solutions, released its 2019-2020 Global
Application & Network Security Report. The report found that
more than one in four respondents attribute attacks against their
organization to cyberwarfare or nation-state activity. In 2018, 19%
of organizations believed they were attacked by a nation-state.
That figure increased to 27% in 2019. Companies in North America
were more likely to report nation-state attribution, at 36%.
“Nation-state intrusions are among the most difficult attacks to
thwart because the agencies responsible often have significant
resources, knowledge of potential zero-day exploits, and the
patience to plan and execute operations,” says Anna
Convery-Pelletier, Chief Marketing Officer at Radware. “These
attacks can result in the loss of sensitive trade, technological,
or other data, and security teams may be at a distinct
disadvantage.”
These findings come at a time of heightened anxiety for security
managers. Organizations are increasingly turning to microservices,
serverless architectures, and a mix of multiple cloud environments.
Two in five managers reported using a hybrid environment that
included cloud and on-premises data centers, and two in five said
they relied on more than one public cloud environment. However,
only 10% of respondents felt that their data was more secure in
public cloud environments.
As organizations adapt their network infrastructure to enjoy the
benefits of these new paradigms (such as microservices and
multi-cloud environments), they increase their attack surface and
decrease the overall visibility into their traffic. For
example, 22% of respondents don’t even know if they were attacked,
27% of those who were attacked don’t know the hacker’s motivations,
38% are not sure whether an Internet of Things (IoT) botnet hit
their networks, and 46% are not sure if they suffered an encrypted
DDoS attack.
Convery-Pelletier added, "This report finds that security
professionals feel as though the battlefield is shifting under
their feet. Companies are increasingly adding and relying
upon new paradigms, like microservices, public and hybrid clouds,
and IoT, which means the infrastructure is harder to monitor for
attacks. These new technologies force a shift in security
implementation into the development teams. Security is often
an afterthought as businesses march forward, and there is a
misconception that ‘good enough’ is enough.”
In addition, the report also found:
The emergence of 5G networks. As the push for
5G grows, there exists an important opportunity to build security
into networks at its foundations. Despite the increasing buzz
around 5G networks, only 26% of carriers responded that they felt
well prepared for 5G deployment, while another 32% stated that they
were somewhat prepared.
Be careful what you wish for in terms of IoT.
5G promises to advance organizations’ implementation of and the
value they derive from IoT technologies, but that promise comes
with a corresponding increase in the attack surface. When it comes
to IoT connected devices, 44% of respondents said malware
propagation was their top concern, while lack of visibility
followed at 20% and Denial of Service at 20%.
Data loss is top concern. About 30% of
businesses stated that data theft as a result of a breach was their
top concern following an attack, down from 35% the previous year,
followed by service outages at 23%. Meanwhile, 33% said that
financial gain is a leading motivation for attacks.
To read Radware’s ERT report, please visit
https://www.radware.com/ert-report-2020/
About Radware
Radware® (NASDAQ: RDWR), is a global leader of cyber security
and application delivery solutions for physical, cloud, and
software defined data centers. Its award-winning solutions
portfolio secures the digital experience by providing
infrastructure, application, and corporate IT protection and
availability services to enterprises globally. Radware’s solutions
empower more than 12,500 enterprise and carrier customers worldwide
to adapt to market challenges quickly, maintain business continuity
and achieve maximum productivity while keeping costs down. For more
information, please visit www.radware.com.
Radware encourages you to join our community and follow us
on: Facebook, LinkedIn, Radware
Blog, Twitter, YouTube, Radware Connect app for
iPhone® and our security center DDoSWarriors.com that
provides a comprehensive analysis on DDoS attack tools, trends and
threats.
©2020 Radware Ltd. All rights reserved. Any Radware products and
solutions mentioned in this press release are protected by
trademarks, patents and pending patent applications of Radware in
the U.S. and other countries. For more details please see:
https://www.radware.com/LegalNotice/.
Media Contacts:Deborah
SzajngartenRadware201-785-3206deborah.szajngarten@radware.com
Investor Relations:Anat Earon-Heilborn+972
723917548ir@radware.com
RADWARE (NASDAQ:RDWR)
Historical Stock Chart
From Apr 2024 to May 2024
RADWARE (NASDAQ:RDWR)
Historical Stock Chart
From May 2023 to May 2024