More than half of the organizations
surveyed have suffered a ransomware attack in the last year and
have accelerated their digital transformation efforts
CrowdStrike, Inc. (Nasdaq: CRWD), a leader in cloud-delivered
endpoint and workload protection, today announced the release of
the 2020 CrowdStrike Global Security Attitude Survey, produced by
independent research firm Vanson Bourne. This year in particular,
the report revealed continued proliferation of ransomware,
heightened concerns around nation-state actors, and the need for
acceleration of both digital and security transformation.
Proliferation of Ransomware Leads to More Frequent Payouts,
Costing Millions
Survey data indicates ransomware attacks have proven to be
especially effective, as more than half (56%) of organizations
surveyed have suffered a ransomware attack in the last year. The
COVID-19 pandemic catalyzed increasing concerns around ransomware
attacks, with many organizations resorting to paying the ransom.The
global attitude shifts from a question of if an organization will
experience a ransomware attack to a matter of when an organization
will inevitably pay a ransom. Notable findings include:
● Concern around ransomware attacks continues to increase, with
the stark increase in this year’s findings (54%) compared to 2019
(42%) and 2018 (46%).
● 71% of cybersecurity experts globally are more worried about
ransomware attacks due to COVID-19.
● Among those hit by ransomware, 27% chose to pay the ransom,
costing organizations on average $1.1 million USD owed to
hackers.
● The APAC region is suffering the most when paying the ransom
with the highest average payout at $1.18 million USD, followed by
EMEA at $1.06 million and the U.S. at $0.99 million.
Fear of Nation-State Cyberattacks Can Stifle Business Growth
in Post COVID-19 World
Nation-state activity continues to weigh heavily on IT decision
makers, as 87% of respondents agree that nation-state sponsored
cyberattacks are far more common than people think. As growing
international tensions and the global election year have created a
nesting ground for increased nation-state activity, organizations
are under increased pressure to resume operations despite the
increased value of intellectual property and vulnerabilities caused
by COVID-19. Key highlights include:
● Even with the massive rise in eCrime over the course of 2020,
73% believe nation-state sponsored cyberattacks will pose the
single biggest threat to organizations like theirs in 2021. In
fact, concerns around nation-states have steadily increased, as 63%
of cybersecurity experts view nation-states as one of the cyber
criminals most likely to cause concern, consistently rising from
2018 (54%) and 2019 (59%).
● 89% are fearful that growing international tensions (e.g.
US-China trade war) are likely to result in a considerable increase
in cyber threats for organizations.
● Approximately two in five IT security professionals believe a
nation-state cyberattack on their organization would be motivated
by intelligence (44%) or to take advantage of vulnerabilities
caused by COVID-19 (47%).
Digital and Security Transformation Accelerated as Business
Priority
In the wake of these threats, cybersecurity experts have
accelerated their digital and security transformation efforts to
address the growing activity from eCrime and nation-state actors.
While spend on digital transformation continues to trend upward,
the COVID-19 pandemic accelerated the timeline for many
organizations, costing additional investment to rapidly modernize
security tools for the remote workforce. Security transformation
rollout findings include:
● 61% of respondents’ organizations have spent more than $1
million on digital transformation over the past three years.
● 90% of respondents’ organizations have spent a minimum of
$100,000 to adapt to the COVID-19 pandemic.
● 66% of respondents have modernized their security tools and/or
increased the rollout of cloud technologies as employees have moved
to work remotely.
● 78% of respondents have a more positive outlook on their
organization’s overarching security strategy and architecture over
the next 12 months.
“This year has been especially challenging for organizations of
all sizes around the world, with both the proliferation of
ransomware and growing tensions from nation-state actors posing a
massive threat to regions worldwide,” said Michael Sentonas, chief
technology officer, CrowdStrike. “Now more than ever, organizations
are finding ways to rapidly undergo digital transformation to bring
their security to the cloud in order to keep pace with modern-day
threats and secure their ‘work from anywhere’ operations.
Cybersecurity teams around the globe are making strides in
improving their security posture by moving their security
infrastructure to the cloud and remaining diligent in their
incident detection, response and remediation practices.”
For additional information, please read the following:
● Report
● Blog
● Whitepaper
Methodology
Commissioned by CrowdStrike, the study surveyed 2,200 senior IT
decision-makers and IT security professionals in the U.S., U.K.,
France, Germany, Spain, Italy, Netherlands, Middle East, India,
Japan, Singapore and Australia across major industry sectors. The
report details the attitudes and beliefs of those in charge of
cybersecurity, and tracks how they are faring against sophisticated
and pervasive cyberattacks.
About CrowdStrike
CrowdStrike Inc. (Nasdaq: CRWD), a global cybersecurity leader,
is redefining security for the cloud era with an endpoint and
workload protection platform built from the ground up to stop
breaches. The CrowdStrike Falcon® platform’s single
lightweight-agent architecture leverages cloud-scale artificial
intelligence (AI) and offers real-time protection and visibility
across the enterprise, preventing attacks on endpoints on or off
the network. Powered by the proprietary CrowdStrike Threat Graph®,
CrowdStrike Falcon correlates 4 trillion endpoint-related events
per week in real time from across the globe, fueling one of the
world’s most advanced data platforms for security.
With CrowdStrike, customers benefit from better protection,
better performance and immediate time-to-value delivered by the
cloud-native Falcon platform.
There’s only one thing to remember about CrowdStrike: We stop
breaches.
Qualifying organizations can gain full access to Falcon Prevent™
by starting a free trial.
Learn more: https://www.crowdstrike.com/
Follow us: Blog | Twitter
© 2020 CrowdStrike, Inc. All rights reserved. CrowdStrike, the
falcon logo, CrowdStrike Falcon and CrowdStrike Threat Graph are
marks owned by CrowdStrike, Inc. and registered with the United
States Patent and Trademark Office, and in other countries.
CrowdStrike owns other trademarks and service marks, and may use
the brands of third parties to identify their products and
services.
About Vanson Bourne
Vanson Bourne is an independent specialist in market research
for the technology sector. Their reputation for robust and credible
research-based analysis is founded upon rigorous research
principles and their ability to seek the opinions of senior
decision makers across technical and business functions, in all
business sectors and all major markets. For more information, visit
www.vansonbourne.com
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201117005403/en/
CrowdStrike, Inc. Ilina Cashiola, 202-340-0517
Ilina.cashiola@crowdstrike.com
CrowdStrike (NASDAQ:CRWD)
Historical Stock Chart
From Mar 2024 to Apr 2024
CrowdStrike (NASDAQ:CRWD)
Historical Stock Chart
From Apr 2023 to Apr 2024