It used to be for kicks -- now it's for big bucks
Singapore, February 7, 2016: Next-gen security solutions company, Palo Alto Networks, has published results of a survey which explore the economics of cyberattacks.
The report titled “Flipping the Economics of Attacks,” provides insight into topics like the average earnings of a cyberattacker, the amount of time attacks typically take, and how to prevent successful data breaches by increasing the cost of conducting them. Key Findings:
Cyberattackers are opportunistic and aim for the easiest targets first. 2 percent of survey respondents said they won’t waste time on an attack that will not quickly yield high-value information. A majority of the survey’s respondents (73 percent) stated attackers hunt for easy, “cheap” targets.
Time is the enemy of cyberattackers. An increase of approximately 2 days (40 hours) in the time required to conduct successful cyberattacks can eliminate as much as 60 percent of all attacks. On average, a technically proficient attacker will quit an attack and move on to another target after spending approximately a week (209 hours) without success.
The “big payday” is a myth.The average adversary earns less than $30,000 annually from their malicious activities, which is 1/4 of a cybersecurity professional’s average yearly wage.
A strong security posture increases the time to execute an attack.It takes double the amount of time (147 hours) for a technically proficient cyberattacker to plan and execute an attack against an organization with an “excellent” IT security infrastructure versus 70 hours for “typical” security.72 percent of respondents believe attackers will stop their efforts when an organization presents a strong defense.
Says Davis Hake, director of cybersecurity strategy at Palo Alto Networks “As computing costs have declined, so too have the costs for cyber adversaries to infiltrate an organization, contributing to the growing volume of threats and data breaches. Understanding the costs, motivations, payouts, and finding ways to flip the cost scenario will be instrumental in reducing the number of breaches we read about almost daily and restoring trust in our digital age.”
Adds Dr. Larry Ponemon, chairman and founder, Ponemon Institute which conducted the survey for Palo Alto Networks.“The survey illustrates the importance of threat prevention. By adopting next-generation security technologies and a breach prevention philosophy, organizations can lower the return on investment an adversary can expect from a cyberattack by such a degree that they abandon the attack before it’s completed.”
So what can corporates do?
· Make yourself a “hard target" – Adopting a security posture with a breach prevention-first mindset, instead of a detection and incident response approach, can slow down cyberattacker enough for them to abandon the attack in favor of an easier target.
· Invest in next-generation capabilities – Legacy point products present little deterrence to attackers. The use of next-generation security capabilities that automate preventive action and don’t rely on signatures alone or static defenses are the best defense against today’s advanced cyberthreats.
· Turn your network visibility into actionable intelligence – A prevention-focused security posture relies on natively integrated technologies like next-generation firewalls, network intelligence, and threat information sharing. This provides defenders with a clearer picture of what is happening inside their network, versus a confusing collection of uncorrelated point products.
Find the survey findings and analysis here