Barracuda ’ s new Cybernomics 101 Report uncovers the financial forces driving cyberattacks
Nozomi Networks delivers industry ’ s first multi-spectrum wireless security sensor
CISO news
Barracuda ’ s new Cybernomics 101 Report uncovers the financial forces driving cyberattacks
arracuda Networks , a trusted partner and leading provider of cloud-first security solutions , has published its
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Cybernomics 101 Report , which examines the financial forces and profit motives behind cyberattacks .
The survey also identified that 71 % of respondents had experienced a ransomware attack over the last year and 61 % paid the ransom .
The new report reveals the average annual cost of responding to compromises exceeded US $ 5 million . The report also raises the alarm over hackers exploring how they can use Generative AI technology to increase the volume , sophistication and effectiveness of their cyberattacks . 50 % of respondents believe AI will enable hackers to launch more cyberattacks .
Barracuda commissioned independent research firm Ponemon Institute to poll 1,917 IT security practitioners who manage their organisation ’ s IT security functions or activities . They represent companies with 100 to 5,000 employees across various industries around the globe .
Fleming Shi , CTO , Barracuda
The report offers insight from survey respondents who identified as ethical hackers on the most widely used attack vectors and which of these might offer the greatest return for attackers .
“ While the Cybernomics 101 Report underscores the harsh reality of suffering a data breach , it also underscores that organisations are not powerless ,” said Fleming Shi , CTO , Barracuda . “ Proactive monitoring and attack detection to prevent progression to more severe stages like data exfiltration or ransomware is key . By preparing for these scenarios today , organisations can significantly reduce the impact and cost of these incidents .”
Nozomi Networks delivers industry ’ s first multi-spectrum wireless security sensor
ozomi Networks , a leader in OT and IoT security ,
N has introduced Guardian Air , the industry ’ s only wireless spectrum sensor purpose-built for OT and IoT environments worldwide .
With 80 % of new IoT deployments wirelessly connected , wireless is quickly becoming a preferred network . The explosion of wirelessly connected devices increases potential access points and exploitation of networks . This puts critical infrastructure at risk of cyberattacks and disruptions to operations .
Guardian Air provides much-needed visibility into wirelessly enabled devices which until now were only detected once connected to the wired network . Guardian Air monitors several prominent
wireless frequencies , not just Bluetooth and Wi-Fi , to provide security teams with immediate visibility of connected sensors , devices , laptops and cell phones . With the addition of Guardian Air , customers have a comprehensive network solution all in one integrated platform .
“ Nozomi Networks has once again innovated to address an unmet need for wireless-level monitoring in OT and IoT environments ,” said Danielle VanZandt , an industry manager for commercial and public security research at Frost & Sullivan .
“ From smart manufacturing to digital medicine , to building automation , to modern oil field production and more , today industrial organizations are relying on billions of wireless devices to speed production and time to market .”
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