The Ponemon Institute surveyed nearly 1,400 IT and IT security practitioners in the United States, European Union and Asia-Pacific to understand the risk unprotected applications pose to businesses when running in unsecured environments and how they are addressing this risk.
The results indicated a predominant global issue: application breaches are rising and and so are the security risks of running business critical apps in zero-trust environments. However, companies are not adequately investing in application security measures until after breaches occur, resulting in loss of productivity, customer trust and revenue.
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The study shows that nearly 75 percent of organizations likely, most likely or definitely experienced a material cyber-attack or data breach within the last year due to a compromised application. Sixty-four percent of respondents say they are either very concerned or concerned that they will be hacked through an application. Additionally, 54 percent expect the severity of threats to increase in 2018.
Only 25 percent of respondents say their organization is making a significant investment in solutions to prevent application attacks despite awareness of the negative impact of malicious activity (decreased productivity, decline in revenues, lost customers).
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