SAN FRANCISCO, Calif., June 30, 2022 – Titaniam, Inc., the trade’s most superior information safety platform, introduced right this moment the ‘State of Information Exfiltration & Extortion Report.’ The survey revealed that whereas over 70% of organizations have an present set of prevention, detection, and backup options, almost 40% of organizations have been hit with ransomware assaults within the final 12 months, and greater than 70% have skilled one within the earlier 5 years, proving present options to be woefully insufficient in managing the dangers and impacts from these assaults.
Information exfiltration throughout ransomware assaults is up 106% relative to the place it was 5 years in the past. We’re seeing the emergence of a brand new pattern the place cybercriminals are now not limiting themselves to simply encrypting whole techniques—they’re ensuring to steal information forward of the encryption in order that they will have extra leverage on the sufferer. The survey discovered that 65% of those that have skilled a ransomware assault have additionally skilled information theft or exfiltration because of the incident. Of these victims, 60% say the hackers used the information theft to extort them additional, often called double extortion. Most of them, i.e., 59% of victims, paid the hackers, implying that they weren’t helped by their backup or information safety instruments to forestall this destiny.
Information is being uncovered for theft and extortion in different methods too. Practically half (47%) uncovered publicly uncovered information of their techniques within the final 24 months. It was discovered that respondents have a mixture of information safety & safety (78%), prevention & detection (75%), and backup and restoration (73%) of their cybersecurity stacks. Nonetheless, publicity and extortion numbers suggest a lacking puzzle piece relating to assaults.
Apparently, observing friends being attacked (33%), administration’s request (29%), and compliance (24%) are principally driving price range choices, whereas simply 10% say it’s studying from their very own assaults. 90% agree or considerably agree that they’ve a enough price range for information safety instruments. 59% declare information safety has the best safety spend. But, within the face of those assaults and information exposures, almost all (99+%) respondents can be inquisitive about information safety options that defend delicate information always, together with whereas energetic and in use.
Promisingly, the survey revealed organizations have sufficient price range to enhance which options safety and information groups are utilizing. This means that boards and executives seem to acknowledge the significance of cybersecurity to enterprise success.
“Reliance on legacy applied sciences labored for years, however as unhealthy actors proceed to evolve, our know-how should evolve as nicely,” mentioned Arti Raman, CEO and Founding father of Titaniam. “It’s unlucky that organizations proceed to consider that investing in detection, backup, and restoration options constitutes the whole answer to ransomware. These organizations overlook information safety, which, when not applied adequately, turns into the final word purpose attackers acquire extreme leverage and win—the outcomes of this survey spotlight this monumental hole in present cybersecurity options. Suppose over 70% of consultants declare to make use of information safety, prevention and detection service, and backup and restoration. Why are 60% nonetheless being extorted, and even additional, why are 59% paying the ransom? There must be a deep have a look at how we as an trade method ransomware safety. We have to perceive that whereas prevention, detection, and backup are important, no ransomware protection technique is full with out eliminating information exfiltration. That is what would take us past the notions of impenetrability and in the direction of immunity.”
With survey outcomes exhibiting that together with general backup and restoration, information masking (54%), encryption at relaxation (49%), encryption in transit (49%), and tokenization (25%) are the primary technique of safety, we should settle for that these are merely not sufficient to get enterprises the information safety they should beat ransomware.
Thankfully, organizations can now look to superior information safety platforms like Titaniam, which mix conventional information safety strategies like those above, with high-performance encryption-in-use, and extremely refined key management to shut the gaps being exploited by ransomware and extortion actors. Methods protected by Titaniam don’t yield unencrypted information even when they’re attacked utilizing extremely privileged credentials, as in a overwhelming majority of information exfiltration-based assaults.
*This survey was carried out by CensusWide, polling 100 IT safety professionals.
ABOUT TITANIAM
Titaniam is the trade’s most superior information safety platform that makes use of high-performance encryption-in-use to maintain invaluable information safe even when the enterprise is breached and its information stolen. With the flexibility to course of information with out decryption in addition to help 9 completely different privacy-preserving information codecs, Titaniam is the market’s reply to deal with ransomware and extortion, insider threats, and information privateness enforcement. Along with cutting-edge encryption-in-use, a single deployment of Titaniam gives the equal of three different classes of information safety options. Within the occasion of an assault, Titaniam affords auditable proof that invaluable information retained encryption all through the assault, thus minimizing compliance in addition to notification obligations. Titaniam was based in 2019 and has workplaces in Silicon Valley and India. To be taught extra, go to https://titaniam.io/.
