Netwrix Annual Security Survey: 79% of Organizations Spotted a Cyberattack within the Last 12 months, up from 68% in 2023

"Growing security awareness at the executive level means a better understanding that the risks of security gaps extend far beyond downtime and data loss. As a result, more organizations are investing resources into audits to investigate the root cause of a security incident to prevent similar events in the future," explains Ilia Sotnikov, Security Strategist at Netwrix.

1 in 6 (17%) organizations estimated their financial damage from cyber incidents to be at least $50,000. In addition, the share of those who faced no financial consequences dropped from 47% to 38% compared to last year. To mitigate the risk of financial loss from data breach, organizations often opt to purchase cyber insurance. Indeed, 62% of respondents confirmed having a cyber insurance policy or planning to purchase one within 12 months. Almost 1 in 5 (19%) insured organizations used their policy last year.

"Considering the high chances of a payout request, it's no wonder the requirements for obtaining a policy have become stricter. The survey shows that insurers are now more likely to require identity and access management as well as privileged access management," says Dirk Schrader, VP of Security Research at Netwrix. "These solutions significantly complicate the privilege escalation for the attacker and their lateral movement. As a result, the security team has more time to spot suspicious activity and respond to the attack before any serious damage occurs."

Other notable survey findings include:

"The interest in AI is surging across enterprises – both within the security department and outside. The introduction of AI tools like Copilot to assist with regular business processes raises a new scope of associated security gaps. Since Copilot relies on native access controls within Microsoft 365, it can access all data a user can. If the user has been granted inappropriate access to content, then sensitive information can quickly spiral out of control," warns Ilia Sotnikov. "Implementing and maintaining a strict least-privilege model is a good start to address the risks associated with Copilot and similar AI-powered business tools."

About Netwrix  

Netwrix champions cybersecurity to ensure a brighter digital future for any organization. Netwrix's innovative solutions safeguard data, identities, and infrastructure reducing both the risk and impact of a breach for more than 13,500 organizations across 100+ countries. Netwrix empowers security professionals to face digital threats with confidence by enabling them to identify and protect sensitive data as well as to detect, respond to, and recover from attacks.

For more information, visit www.netwrix.com.

CONTACT:

Erin Jones
Avista PR for Netwrix
P: 704.664.2170
E: [email protected]

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