Businesses in the United States are victimized by 42 cyberattacks every year, according to a report

Businesses in the United States are victimized by 42 cyberattacks every year, according to a report ...

Keeper Security has released its second annual 2022 Cybersecurity Census Report, which depicts the changing landscape of cybersecurity, based on input from 500+ IT decision-makers in U.S. enterprises. While cybersecurity is a top concern, keeping up with bad actors is a constant challenge, many businesses are failing to keep up.

According to survey respondents, U.S. businesses suffer 42 cyberattacks each year. Of these, about three cyberattacks are successful. The overwhelming majority of respondents predict the total number of attacks will increase in the next year, with 39% predicting that the number of successful cyberattacks will also increase.

The impact of cyberattacks on business is increasing, with businesses losing control of their essential operations and contracts, among other things. Of those who had money stolen as the result of a cyberattack, the average amount was more than $75,000, and 37% of organizations lost $100,000 or more.

Investments in cybersecurity are ineffective.

Despite these worrying statistics, one-third (32%) of IT leaders in the United States still lack a management platform for IT secrets, such as API keys, database passwords, and privileged credentials.

One ludicrous password can result in a catastrophic cyberattack. Yet, less than half (48%) of respondents claim to have plans to invest in password management, visibility tools for network-based threats, or infrastructure secrets management.

A majority (71%) of respondents said they have made new cybersecurity hires in the last year, and 58% have increased their cybersecurity training.

Despite increasing investment in cybersecurity, cybersecurity isn't yet a top enough organizational goal. Nearly half (48%) of IT leader respondents stated they're aware of a cyberattack in their organization but keep it to themselves.

This intransparency will enable cybercriminals to thrive. Businesses must invest in cybersecurity tools, education, and cultural shifts to safeguard their businesses against the evolving threat landscape.

Methodology

Keeper Security conducted a survey of 516 IT decision-makers in the United States in collaboration with Sapio Research to produce the second annual U.S. Cybersecurity Census report.

Read the whole Keeper Security report here.

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