VMware has announced the UAE findings from the fourth installment of the Global Security Insights Report, based on an online survey of 3,542 CIOs, CTOs and CISOs in December 2020 from across the globe, including 250 in the UAE.
The report examines the impact of cyberattacks and breaches on organisations and details how security teams are adapting to these challenges.
Rick McElroy, Principal Cybersecurity Strategist, VMware, said, “The race to adopt cloud technology since the start of the pandemic has created a once-in-a-generation chance for business leaders to rethink their approach to cybersecurity.”
He added that legacy security systems are no longer sufficient – organisations need protection that extends beyond endpoints to workloads to better secure data and applications.
McElroy said, “As attacker sophistication and security threats become more prevalent, we must empower defenders to detect and stop attacks, as well as implement security stacks built for a cloud-first world.”
Accelerated digital transformation has caused security teams to face evolving threats as cybercriminals seize the opportunity to execute targeted attacks exploiting fast-tracked innovation and the anywhere workforce. Close to 80 percent of organisations surveyed in the UAE experienced cyberattacks due to more employees working from home, highlighting the vulnerabilities in legacy security technology and postures.
The key findings include:
• A lack of urgency despite surge in material breaches. 80% of respondents have suffered a breach in the last twelve months with 85% considered material, meaning they were reported to regulators. Yet, security professionals have underestimated the likelihood of a material breach. 70% say they fear a material breach in the next year, and just 31% have updated their security policy and approach to mitigate the risk.
• Resurgence of ransomware and remote work creates unpredictable attack surface. 81% of respondents said attack volumes had increased – with majority pointing to employees working from home as the cause – and 84% said attacks had become more sophisticated. Cloud-based attacks were the most frequently experienced attack type in the past year, whereas the leading breach causes process weaknesses (14%), followed by out of date (12%) security.
• Cloud-first security strategies are now universal. 99% of respondents already use or plan to use a cloud-first security strategy. But the move to cloud has expanded the threat surface. More than four fifths (82%) agree they need to view security differently now that the attack surface has expanded. 37% of respondents said they plan to build more security into their infrastructure and apps and reduce the number of point solutions.
• Applications and workloads are top CISO concerns. Applications and workloads are viewed as the most vulnerable points on the data journey. 78% of respondents agree they need better visibility over data and apps in order to pre-empt attacks. 74% of respondents also shared that their senior leadership team feel increasingly worried about bringing new applications to market because of the growing threat and damage of cyberattacks.
• Security concerns are holding back adoption of AI. The next frontier for business innovation may be artificial intelligence, but more than half of respondents (76%) say that security concerns are holding them back from embracing AI and machine learning.
