By: Luke Jones, Published on February 9, 2017 09:22 PM, Last Update on February 13, 2017 11:51 AM
Cyberattacks are becoming more sophisticated and severe, while the frequency of attacks is on the rise, according to a new report. Scalar Decisions Inc. says Canadian companies are at an increased risk from such attacks, with the number of cyberattacks rising to 44 confirmed attacks per year.
The IT solutions provider, focused on security, infrastructure and cloud, published the findings in its 2017 Scalar Security Study. The study was conducted independently by Ponemon Institute after being commissioned by Scalar Decisions. In the survey, Ponemon included 650 Canadian IT and security workers.
Among the results of the study is a growing certainty that more cyberattacks will happen. Consequently, Canadian companies are becoming increasingly unconfident in their abilities to stop such events. The study shows a decline in the number of organizations that believe they are winning the war on cybercrime.
For the third year in a row, confidence decreased after the number of attacks increased. The 44 cyberattacks reported last year is a 30% increase compared to the first survey back in 2014. 82 percent of respondents says the severity of attacks has increased, while 72 percent claim the number of attacks has grown.
“IT leaders are under pressure right now, feeling like there is a deficit of properly trained personnel available in the workforce,” said Ryan Wilson, chief technology officer, security, with Scalar Decisions, in a press release. “This has led to a distinct lack of in-house expertise, which is critical to a strong cybersecurity posture for Canadian companies. The increase in incidents and decreasing confidence we are seeing coincides with the growing sophistication, severity and cost of attacks.”
Other findings of the study include:
“The overall picture being painted by the study’s results is the need for enterprise-wide adoption of cybersecurity strategy, and the investment in both technologies and individuals with hands-on experience,” added Wilson. “Organizations need trained personnel who understand how to react when faced with threats such as ransomware, spear fishing, and increasing incidents of rootkits.”