Report Finds 50% of Organizations Experienced Major Breaches in the Past Year

New research by Team Cymru, a global leader in external threat intelligence and exposure management, reveals that 50% of organizations experienced a major security breach in the past year. The “Voice of a Threat Hunter 2024” report, which surveyed 293 cybersecurity professionals, highlights the critical importance of threat hunting programs in mitigating these breaches.

Despite the rise in cyber attacks, the report found that 72% of those who faced a breach credited their threat hunting program with playing a crucial role in preventing or minimizing the impact. This finding underscores the need for organizations to invest in proactive security measures.

David Monnier, Chief Evangelist at Team Cymru, emphasized the significance of these findings: “The report paints a picture of a cybersecurity landscape where no organization is immune, but the robustness of threat hunting programs has proven essential in mitigating the impact of breaches.”

According to the report, organizations that prioritize proactive detection, real-time threat intelligence, and third-party monitoring are better positioned to defend against sophisticated cyber threats. However, challenges remain, with 39% of respondents citing a lack of funding and data as major obstacles to effective threat hunting.

“In today’s evolving threat landscape, investing in the right tools and strategies is critical to success,” Monnier added.

Additional key findings: 

Key Findings: 

• The majority say proactive detection of previously unknown threats is their top objective. 
• 53% say they would quit their job today to go work at an organization that offered better threat hunting tools and technology even if paid less.  
• The most valuable threat hunting product is network forensic detection, netflow telemetry, raw network telemetry data and/or full packet captures. 
• The top priority for the next year is expanding third-party monitoring for signals of compromise

It’s essential for organizations to fortify their cybersecurity defenses by implementing robust threat hunting programs that go beyond their network borders.

Read the full report here: Voice of a Threat Hunter 2024.

 

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August 23, 2024 at 11:57AM

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