62% of Organizations Have No Confidence in their Cybersecurity Tools Ability to Prevent Data Exfiltration

Anti data exfiltration (ADX) remains a top priority for 94% of organizations


Cheyenne, Wyoming – October 25, 2021
BlackFog, the leader in on-device data privacy, data security and ransomware prevention, today announced findings from an independent survey of 255 cybersecurity professionals (CIOs, IT managers, CISOs and security managers), exploring attitudes and perceptions surrounding data exfiltration. Most notably, the research reveals data exfiltration remains a significant threat and despite large investments in security tools, organizations are not confident they can stop data exfiltration. In addition to underscoring fundamental problems with the industry’s current approach to security, the study introduces a new category of solutions to win the fight against ransomware: anti data exfiltration (ADX).

 

“The exfiltration of personally identifiable information, intellectual property and classified information remains a common theme in a number of cyberattacks and represents a significant threat to organizations across industries,” said Michael Sampson, Senior Analyst, Osterman Research. “Existing tools are no longer a sufficient measure to prevent data exfiltration. Anti data exfiltration provides a new approach in the ongoing fight against cyberattacks.”

 

Conducted by Osterman Research, the survey highlights the growing importance of preventing data exfiltration, with organizations ranking the current level of importance (73 percent) nearly twice that of 12 months ago (39 percent). Among other findings, the study found:

 

  • – Large organizations indicated the highest initial (54 percent), current (77 percent) and forecasted (89 percent) levels of importance for preventing data exfiltration
  • – Over the past 12 months, 
  • – 42 percent of organizations have experienced a ransomware attack with no evidence of exfiltration
  • – 41 percent experienced an employee’s mistake resulting in data exfiltration
  • – 33 percent experienced a credential theft resulting in data exfiltration 
  • – 31 percent experienced a phishing campaign resulting in data exfiltration
  • – Only two in five respondents (43 percent) were very confident their organization would emerge unscathed from a ransomware attack, with no data exfiltrated.
  • – 68 percent of respondents said existing data loss prevention (DLP) tools are difficult to configure, 60 percent said they are difficult to maintain and 51 percent said DLP cannot prevent data exfiltration.

 

“Despite significant investment in ‘best-in-breed’ security tools (more than 59% of all organizations have from 3-9 tools), it’s clear organizations are still struggling with cyberattacks resulting in data exfiltration. The industry’s current approach to security isn’t working and a new solution is needed,” said BlackFog Founder and CEO, Dr. Darren Williams. “By targeting multiple parts of the kill chain, anti data exfiltration is able to block the activation and spread of cyberattacks. Since cyberattacks – especially ransomware – focus on data theft and extortion, it has become an important technique to thwart modern polymorphic attacks.”

 

To review the full whitepaper and survey findings, click here

 

To register for the webinar hosted by Dr Darren Williams and Michael Sampson please click here.

ABOUT BLACKFOG

Founded in 2015, BlackFog is a global cybersecurity company that has pioneered on-device anti data exfiltration (ADX) technology to protect companies from global security threats such as ransomware, spyware, malware, phishing, unauthorized data collection and profiling. Its software monitors enterprise compliance with global privacy regulations and prevents cyberattacks across all endpoints. BlackFog uses behavioral analysis to preemptively prevent hackers from exploiting vulnerabilities in enterprise security systems and data structures.
BlackFog’s preventative approach to security recognizes the limitations of existing perimeter defense techniques and neutralizes attacks before they happen at multiple points in their lifecycle. Trusted by corporations all over the world BlackFog is redefining modern cyber security practices. For more information visit www.blackfog.com

Source link

Show More