Press release
Number of Successful Cybersecurity Breaches Affecting Canadian Businesses More Than Doubled in Past Year, According to CDW Canada Study
Threat detection and response is falling short amidst an increasingly challenging IT environment, with cybersecurity breaches up by 130 percent from 2022
About this update from Cdw Corporation
[{"type":"text","content":"\nThreat detection and response is falling short amidst an increasingly challenging IT environment, with cybersecurity breaches up by 130 percent from 2022\n\n\n TORONTO--(BUSINESS WIRE)--\nCDW Canada, a leading provider of technology solutions and services for Canadian organizations, today released its annual security research, the 2023 Canadian Cybersecurity Study: Emerging Issues and Trends. The study, conducted with additional support and analysis by IDC Canada, surveyed over 500 IT security, risk and compliance professionals and explains the state of cybersecurity among Canadian organizations, with a focus on the expanding attack surfaces that emerged as a result of the substantial growth of business computing peripherals, servers and Internet of Things (IoT) devices.\n\n\nThe sophistication of cyberattacks, combined with greater entry points created through cloud infrastructure, IoT and endpoint devices has led to an increase in security breaches. The study found that 7 percent to 10 percent of all cyberattack types were successful and observed a significantly greater “hit rate” of success (the number of attacks that result in a breach) achieved than in previous years.\n\n\nWhile total cyberattacks in 2023 decreased from 2022, they resulted in a greater number of breaches at organizations, jumping from a 12-month average of 13 in 2022 to 30 in 2023. While organizations are taking steps in the right direction to secure their IT assets, there is room for improvement to protect data and devices spread across various networks.\n\n\nCloud is convenient, yet requires specific protections\n\n\nPublic cloud environments - the most impacted IT components affected by security incidents and vulnerabilities - are being created by the increased use of cloud for storing private, sensitive and highly restricted data. It is further compounded by the adopt-first/secure-later approach of hybrid work, which has led to a widening gap between cloud adoption and proper investments to secure it.\n\n\nMore than half (54 percent) of organizations store internal data, greater than one-third (36 percent) store sensitive (confidential) data and more than one-quarter (28 percent) store secret (highly restricted) data in the public cloud. Yet, organizations only spent on average 13 percent of their security budgets on securing cloud environments.\n\n\n...