RESEARCH PAPER: Cyberwarfare Requires Speed, Adaptability and Visibility To Win

By Patrick Moorhead, Christopher Wilder - July 6, 2020

Cybersecurity has become a war of attrition. Companies are facing new threats every day, and it is impossible to keep up with the frequency and volume of vulnerabilities that profoundly impact a company’s IT hygiene posture. Bad actors and nation-states have created a cottage industry for hackers/crackers who indiscriminately attack foreign networks and their critical infrastructure. Recently, the FBI complaints regarding security incidents quadrupled, mainly due to more employees working from home. Based on our own research and in-field cyber assessments, we have seen a rise in the cost of ransomware attacks, up 74% from 2018 to nearly $12 billion, especially in healthcare, critical infrastructure, financial services, and the public sector. We expect the number of ransomware attacks to grow by an additional 60% or to nearly $19 billion in 2020, as the number of employees working remotely has increased due to COVID-19.

You can download the paper by clicking on the logo below:

Companies Cited:

Capital One
Department Of Defense (DoD)
Department Of Veterans Affairs
Equifax
National Institute Of Standards And Technology (NIST)
Sony
Tanium
Target
UK's National Health Service (NHS)

Patrick Moorhead

+ posts

Patrick founded the firm based on his real-world world technology experiences with the understanding of what he wasn’t getting from analysts and consultants. Ten years later, Patrick is ranked #1 among technology industry analysts in terms of “power” (ARInsights) in “press citations” (Apollo Research). Moorhead is a contributor at Forbes and frequently appears on CNBC. He is a broad-based analyst covering a wide variety of topics including the cloud, enterprise SaaS, collaboration, client computing, and semiconductors. He has 30 years of experience including 15 years of executive experience at high tech companies (NCR, AT&T, Compaq, now HP, and AMD) leading strategy, product management, product marketing, and corporate marketing, including three industry board appointments.