Radware Study Reveals That Two Thirds of Respondents Believe Hackers Can Penetrate Their Network
October 03 2018 - 6:00AM
Radware® (NASDAQ: RDWR), a leading provider of cybersecurity and
application delivery solutions, today released findings from its
second annual web application security report, Radware 2018 State
of Web Application Security. The report shares an in-depth view of
the challenges organizations face in protecting web applications
and how recent security breaches have affected them in the past
year. In fact, it revealed that most organizations (67%) believe
hackers can still penetrate their network.
The research focused on global companies and showed a growing
frequency and complexity of application-layer attacks. At least 89%
of respondents have experienced attacks against web applications or
web servers of the past 12 months. In particular, respondents
reporting of encrypted web attacks increased from 12% in 2017 to
50% in 2018. Most respondents (59%) reported daily or weekly
attacks.
“While organizations are recognizing they are under attack,
often they’re discovering the breach only after pertinent
information has been leaked,” said Carl Herberger, Vice President
of Security Solutions at Radware. “With today’s evolving threat
landscape, organizations still need to be vigilant in equipping
themselves to deal with increasing attack frequency and
complexity.”
Additional key survey findings include:
- High rate of data collection and sharing creates
massive exposure. Organizations with a global presence
keep tabs on the data that they collect and share, with about half
of respondents saying they only collect customer data for internal
use and do not share it. However, 43% of respondents are
specifically sharing data about user behavior, preferences and
analytics.
- Data security breaches are high in frequency and
complexity. Almost half (46%) of organizations have
experienced data security breaches in the last 12 months, and
respondents find this type of application layer attack to be the
most difficult to both detect and mitigate.
- The stakes are high for data breaches: As a
result of a data breach, 52% of respondents said their customers
asked for compensation, 46% reported major reputation loss, 35%
reported customer churn, 34% reported a drop in stock price, 31%
reported customers took legal action, and 23% said executives were
let go.
- APIs are host to increased vulnerabilities.
With 82% of organizations who use API gateways do so to share
and/or consume data, however, the data indicates inadequate
security measures around APIs. In fact, 70% of respondents do not
require authentication from third party APIs, 62% do not encrypt
data sent by APIs and a third (33%) allow third parties to perform
actions, opening the door to additional threats.
- Frequent application updates introduce new security
concerns. Organizations update applications much more
frequently than reported in previous years. In fact, according to
Radware’s 2017 survey, 40% of respondents claimed their
organization updates applications at least once per week. This
year’s results show that approximately one third of all application
types are updated on an hourly or daily basis, with about a quarter
updated weekly. This increase introduces new concerns about
securing applications in a rapidly changing environment.
MethodologyOn behalf of Radware, Merrill
Research surveyed 301 executives and IT professionals from across
the globe. To participate in Radware’s 2018 State of
Application Security research, respondents were required to work
for a company with at least 250 million USD/EUR/GBP/RMB in revenue
and a worldwide scope.
To read the full report on the survey’s findings, download:
Radware 2018 State of Web Application
Security.
THIS PRESS RELEASE REPORT AND SURVEY ARE PROVIDED FOR
INFORMATIONAL PURPOSES ONLY. THESE MATERIALS ARE NOT INTENDED TO BE
AN INDICATOR OF RADWARE'S BUSINESS PERFORMANCE OR OPERATING RESULTS
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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.
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