cyber trends
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NEW RESEARCH FROM THALES HAS FOUND IT LEADERS RANK RANSOMWARE AS THE LEADING SOURCE OF INCREASED SECURITY ATTACKS .
ew research from Thales has found that ransomware , malware and phishing continue to plague Australian organisations .
One in five Australian businesses have paid or would pay a ransom for their data
Four in 10 ( 38 %) of businesses have been breached in the last year with 73 % of ransomware attacks impacting internal and / or external operations .
First seen in the late 1980s , with the PC Cyborg Virus , the frequency and damage caused by ransomware attacks has accelerated due to the rise of cryptocurrency as the preferred payment method .
The 2022 Thales Data Threat Report , conducted by 451 Research , part of S & P Global Market Intelligence , with more than 2,700 IT decision-makers worldwide , reveals a fifth ( 22 %) of Australian organisations admit they have paid or would pay a ransom for their data .
Throughout 2021 , security incidents remained high , with almost four in 10 ( 38 %) businesses experiencing a breach in the past 12 months .
Encouragingly , half of Australian respondents ( 51 %) have a formal ransomware plan while 37 % of businesses have increased their security budget in response to heightened concerns . Similarly , half of Australian organisations ( 48 %) have been able to avoid a breach notification process because the stolen or leaked data was anonymised using encryption or tokenisation .
Data visibility is a challenge
As more companies adopt multi-cloud strategies and hybrid work remains the norm , IT leaders continue to be challenged by the sprawl of data across
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