Carbon Black’s Second Canada Threat Report Reveals Growing Defender Confidence Despite Sustained Threat Levels
Key research findings from the responses of the surveyed Canadian businesses:
- 88% of Canadian businesses reported suffering a data breach during the past 12 months
- 82% of Canadian businesses reported an increase in overall attack volume in the past 12 months
- 78% of Canadian businesses said cyberattacks have grown more sophisticated
- 90% of Canadian businesses said they have IT security concerns around digital transformation projects and 5G network rollout
- 74% of Canadian organizations said they are more confident in their ability to repel cyberattacks than they were 12 months ago
- 87% of Canadian businesses said threat hunting has improved their defenses
- 88% of Canadian businesses said they plan to increase their security budgets over the next year
The latest report from Carbon Black found a sharp increase in breaches caused by phishing attacks in
49% of Canadian businesses surveyed noted a degree of financial damage associated with breaches, with 12% saying the damage was severe. In contrast, 65% said they suffered damage to their corporate reputation, with 15% saying it was severe and 33% saying there was no impact at all.
Defender confidence is on the rise
Participating Canadian businesses reported feeling more confident in their ability to repel cyberattacks than they did 12 months ago, the report found. 32% said they feel a lot more confident, while 41% said they feel a little more confident.
McElroy said: “As the cyberdefense sector continues to mature, businesses are becoming more aware of the tools at their disposal and the tactics they can use to combat cyberattacks. We believe this growing confidence is indicative of a power shift in favor of defenders, who are taking a more proactive approach to hunting out and neutralizing threats than previously.”
This is underlined by the 87% of Canadian businesses surveyed who reported seeing their defense strengthened through threat hunting and 76% who found evidence of malicious cyberattack activity during hunting exercises. Recognition of cybersecurity investment benefits is further supported by the fact that 88% of Canadian businesses surveyed said they planned to increase cybersecurity budgets in the next 12 months.
Concern about digital transformation, 5G rollout and cyber skills shortages
Asked about the security around the implementation and management of digital transformation programs and 5G rollout only 10% of Canadian respondents said they had no concerns. 32% predicted it would offer more effective and destructive methods of cyberattacks.
To download the full Canadian executive summary click here.
Carbon Black commissioned a survey, undertaken by an independent research organization, Opinion Matters, in
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Source: Carbon Black, Inc.