Security News > 2021 > December > Why is trust in legacy vendors on shaky ground?

A Vanson Bourne survey report highlights ransomware payout demands and extortion fees are massively increasing, while trust in legacy IT vendors has dipped and organizations are in fact getting slower at detecting cybersecurity incidents.

"The survey presents an alarming picture of the modern threat landscape, demonstrating that adversaries continue to exploit organizations around the world and circumvent outdated technologies. Today's threat environment is costing businesses around the world millions of dollars and causing additional fallout," said Michael Sentonas, CTO at CrowdStrike.

"The threat landscape continues to evolve at a frightening pace and it's obvious that modern organizations need a cloud-native, holistic end-to-end platform approach to tackle and remediate threats in a swift manner."

Recent attacks such as Sunburst and Kaseya have once again brought supply chain attacks to the forefront as evidenced by 63% of respondents admitting their organization is losing trust in legacy vendors, like Microsoft, due to frequent security incidents against these previously trusted technology suppliers.

66% of respondents' organizations suffered at least one ransomware attack in the past 12 months.

Organizations are encouraged to strive to meet the 1-10-60 rule, where security teams demonstrate the ability to detect threats within the first minute of an intrusion, investigate and understand the threat within 10 minutes, and contain and eradicate the threat within 60 minutes.

News URL

https://www.helpnetsecurity.com/2021/12/13/trust-legacy-vendors/