DALLAS, July 12, 2021 /PRNewswire/ -- Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, published new research revealing that half of US organizations are not effective at countering phishing and ransomware threats.
The findings come from an Osterman Research study commissioned by Trend Micro and compiled from interviews with 130 cybersecurity professionals in mid-sized and large organizations.
A full copy of the report, How to Reduce the Risk of Phishing and Ransomware, is available here: https://resources.trendmicro.com/rs/945-CXD-062/images/Reduce-Phishing-Ransomware_Trend-Micro.pdf
"Phishing and ransomware were already critical enterprise security risks even before the pandemic hit and, as this report shows, the advent of mass remote working has increased the pressure of these threats," said Joy Clay, vice president of threat intelligence for Trend Micro. "Organizations need multi-layered defenses in place to mitigate these risks. These range from phishing simulations to advanced threat detection and response platforms like Trend Micro Vision One, which alert security teams before attackers can make an impact."
The study asked respondents to rate their effectiveness in 17 key best practice areas related to ransomware and phishing, ranging from protecting endpoints from malware infection to ensuring prompt patching of all systems.
Key takeaways from the report include:
The report further split the threat landscape into 17 types of security incident and found 84% of respondents had experienced at least one of these—highlighting the prevalence of phishing and ransomware. Most common were successful:
Phishing remains among the top vectors for threat actors. Although it can be the first stage in a ransomware attack, it's also used in BEC raids, or to infect victims with malware including info-stealers, banking trojans, spyware, crypto-miners, and more.
Ransomware has become a modern epidemic, hitting government, hospitals, schools and private enterprises and any other targets deemed vulnerable to extortion and capable of paying. It results most often in both data loss and potential serious IT service outages.
The security issues flagged by respondents as most concerning were:
The report also contains a trove of useful information for organizations including typical attack TTPs, effective mitigations and capabilities to look out for in commercial cybersecurity solutions.
High success rates for both phishing and ransomware campaigns mean both are likely to intensify over the coming years. The report recommends that organizations embrace the following best practices to mitigate cyber-risk:
About Trend Micro
Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro's cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world. TrendMicro.com.
SOURCE Trend Micro Incorporated