Our partners at Cisco released its Annual Cybersecurity Report highlighting findings and insights from cybersecurity trends observed and analyzed over the past year.
Here a list of three key takeaways:
- Ransomware is the fastest growing malware threat today with attacks escalating and becoming more sophisticated. The complexity and growth of these attacks have had a direct impact on companies with more than half of the attacks resulting in financial damages of more than $500,000, including, lost revenue, customers, opportunities, and out-of-pocket costs.
- Encryption has created challenges for security experts due to the dramatic increase in the volume of encrypted web traffic. Cisco threat researchers observed more than a threefold increase in encrypted network communication used by inspected malware samples over a 12-month period.
- While cloud offers better data security, attackers are taking advantage of the fact that security teams are having difficulty defending evolving and expanding cloud environments. The combination of best practices, advanced security technologies, and first-line-of-defense tools can help protect this environment.
Want to learn more? Click here to read the full report.
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