Security News > 2022 > January > Organizations Face a ‘Losing Battle’ Against Vulnerabilities

After a banner year for vulnerabilities and cyberattacks in 2021, organizations believe they are fighting a "Losing battle" against security vulnerabilities and threats, "Despite the billions of dollars spent collectively on cybersecurity technology," according to an annual security report from Bugcrowd.

The 2022 report-which compiles data from the company's activity over the year-highlights some of the top trends in terms of vulnerabilities that organizations reported in 2021 as well as the types of attacks that occurred most prevalently.

Among the industries most affected by vulnerabilities in 2021 was the financial-services sector, with these companies on Bugcrowd's platform experiencing a sizeable 185 percent increase in the last 12 months for "Priority 1," or P1 submissions-which refer to the most critical vulnerabilities, according to the report.

The Biden administration also took a hard line against ransomware actors last year, widening the government's cyber-defenses and strategies to combat attacks.

The supply chain also emerged as a "Primary attack surface" in 2021, which will have an impact on how organizations deal with vulnerabilities and security in 2022, according to the report.

"Only an approach that turns that weakness into a strength-by adopting the same tools, techniques and mindset as attackers to uncover vulnerabilities before they do-leads to success," they wrote.

News URL

https://threatpost.com/organizations-losing-battle-vulnerabilities/177696/