Data breaches in the UK most commonly result in unplanned expenses, customer churn and decrease in new sales
Netwrix, a cybersecurity vendor that makes data security easy, today announced the release of its global 2021 Netwrix Cloud Data Security Report. The report is based on feedback from 937 IT professionals worldwide who use private and public cloud services to store their data.
The report reveals that the most common types of cloud security incidents suffered by UK organisations in 2020 were phishing (52%), ransomware or other malware (23%) and account compromise (21%). The latter was the hardest to detect: Over half of respondents needed days (46%) or weeks (5%) to flag the issue. The top three consequences of data breaches were unplanned expenses to fix security gaps (36%), customer churn (14%) and decrease in new sales (12%).
Respondents from the UK complained that lack of IT staff (63%), lack of budget (51%) and complexity of cloud workloads (50%) hinder security teams from properly securing data in the cloud.
Other survey findings for the UK include:
- 28% of UK organisations needed weeks to discover insider data theft
- 29% required months to recover from data theft caused by hackers
- Employee training is the most common cloud security control, with 86% of organisations conducting periodic training and an additional 4% planning to do so
- UK organisations most commonly allocate 25% of their cybersecurity budget to cloud security
- During the pandemic, 54% of UK organisations had to change their IT priorities but stick to their existing budget. 22% of organisations increased their cybersecurity spending
“Lack of resources and the complexity of multi-cloud environments make it difficult to build consistent security controls. Experts recommend starting by classifying all data. That way, organisations can ensure they know where their sensitive data resides, apply appropriate controls in accordance with its sensitivity and establish auditing process to detect threats promptly,” said Ilia Sotnikov, VP of Product Management at Netwrix.
To get the complete findings of the 2021 Netwrix Cloud Data Security Report, please visit www.netwrix.com/2021_cloud_data_security_report.html.
Netwrix makes data security easy, thereby simplifying how professionals can control sensitive, regulated and business-critical data, regardless of where it resides. More than 10,000 organisations worldwide rely on Netwrix solutions to secure sensitive data, realise the full business value of enterprise content, pass compliance audits with less effort and expense, and increase the productivity of IT teams and knowledge workers.
Founded in 2006, Netwrix has earned more than 150 industry awards and been named to both the Inc. 5000 and Deloitte Technology Fast 500 lists of the fastest growing companies in the U.S.
For more information, visit www.netwrix.com.