IT security professionals stubbornness and failure to learn from past experiences can increase the risk of subsequent cyber-attacks.
According to CyberArk, a cyber security company, nearly half of the experts, 46%, have failed to change their security strategy even after experiencing a cyber-attack, this kind of attitude of a security professionals puts sensitive data, infrastructure, and assets at risk.
CyberArk's "Global Advanced Threat Landscape Report" 2018, has revealed that attacks per firm has increased over the previous quarters.
The number of automated and sophisticated swarm attacks are accelerating, and it is very difficult for organizations to protect users, applications, and devices.
46 percent of the experts has accepted that their organisation can't prevent hackers from breaking into their internal networks while 36 percent reported that all their administrative credentials were stored in Word or Excel documents on company PCs.
However, 50 percent admitted that the customers' personal credentials are poorly secured and is not secured beyond the legally-required basics.
89 percent professionals said that IT infrastructure and critical data are not fully protected unless privileged accounts, credentials, and secrets are secured.
Rajesh Maurya, Regional Vice President, India and SAARC, Fortinet, said, “The volume, sophistication, and variety of cyber threats continue to accelerate with the digital transformation of our global economy."
"There is incredible urgency to counter today’s attacks with a security transformation that mirrors digital transformation efforts."