Infoblox publishes its 2023 Global State of Cybersecurity Study identifying top security and networking trends as malicious threats rise globally

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This article is brought to you by Retail Technology Review: Infoblox publishes its 2023 Global State of Cybersecurity Study identifying top security and networking trends as malicious threats rise globally.

Infoblox Inc. the company that delivers a simplified, cloud-enabled networking and security platform has released their 2023 Global State of Cybersecurity report. 

Some 60% of organisations have suffered at least one data breach in the past 12 months with an average $2M loss per event due to these breaches. In addition, 81% of respondents identified email/phishing as a top attack vector according to Infoblox’s findings.

Infoblox is taking a strong position on why networking and security teams must join forces in the fight against cybercrime. New critical security features and a refreshed brand identity reflect the company’s strategy, confidence and business focus, empowering customers to detect and respond to critical threats to help their businesses thrive. 

Businesses today are increasingly adopting hybrid and multi-cloud environments to stay competitive, creating additional complexity and expanding attack surfaces. 

Key Statistics from the UK Global State of Cyber Security Report

  • More than half (56%) of U.K. respondents reported one or more breaches to their organisation—most originating from the cloud, Wi-Fi, insiders or Internet of Things (IoT) devices/networks. 
  • On average, most organisations (78%) take up to 24 hours to investigate a threat, with many relying on third-party threat intelligence platforms or services. Another 16% said probes took less than an hour. 
  • Forty percent of U.K. organisations indicated their IT security budgets increased in 2022, and 52% said they expected bigger security budgets in 2023 to combat known and new threats. 
  • Cloud infrastructure or applications accounted for the origin of 39% of breaches to respondents’ organisations in the past 12 months, followed by Wi-Fi access points (30%), insiders such as current and former employees (27%) and IoT devices or networks (25%). 
  • Phishing accounted for two-thirds of attack methods in the past year, followed by ransomware (41%) and advanced persistent threats (APTs) (38%). 
  • Almost half (47%) of all respondents accelerated digital transformations to support remote workers and increased support for customer portals for remote customer engagement.
  • 37% added resources to networks and databases; 32% focused network and security controls on the edge (such as SASE, secure access service edge); and 29% hired more IT staff. 
  • More than a quarter (27%) closed physical offices and 17% reduced IT staff. 
  • On average, U.K. organisations detected at least roughly four times
    as many issues resulting from email/phishing attacks than any other type, including device/endpoint, ransomware and application attacks.

“Infoblox is the only company that can provide real-time visibility and control over who and what connects across networks and multi-cloud environments to help customers build safer, more resilient environments,” said Scott Harrell, CEO and President, Infoblox. “By bringing NetOps and SecOps teams together with shared visibility, data context, automation and control, they can prevent malware communications and pinpoint the source of threats, taking the performance and protection to new heights,” he added.    

Infoblox’s new Lookalike Domain Monitoring capability identifies sites attempting to impersonate company brands that are increasingly used to deceive partners and customers with phishing, malvertising and similar attacks. This comes just after introducing Infoblox’s new emerging threat intelligence feeds that provide indicators of malicious intent to stop attacks before they happen. With these enhancements, Infoblox delivers a better and safer customer experience.

Infoblox analyses over 70 billion DNS queries a day. In a new lookalike domain report, to be released at RSAC 2023, Infoblox demonstrates that while the use of lookalike domains by malicious actors continues to persist, the techniques have substantially advanced in 2022, targeting every sector, playing a key role in complex cyberattacks such as those used to bypass multi-factor authentication (MFA) measures.

"As a best-of-breed DNS layer security solution provider, Infoblox continues to pioneer advancements in the use of DNS as a source of unique threat intelligence and as a powerful enforcement point,” said Harrell. “We are the first and only DNS Security vendor to protect against the use of lookalike domains by attackers. These attacks are increasing in sophistication and prevalence, making specialised solutions not just nice to have, but necessary to secure enterprises and their users," he added. 

In a world that never stops, Infoblox is focused on helping customers build more responsive networks to keep up with the pace of digital transformation, detect hidden threats and stop attacks earlier, powering security services with context-rich network intelligence. 
  
“We are seeing this industry revolution of uniting networking and security teams take shape with some of our Fortune 100 customers across automotive, consulting, finance, IT and telecommunications industries,” said Gabe Luis, Senior Director for Western Europe, Infoblox. “Now is the time for organisations to invest in a trusted security partner to help create visibility within their network to better mitigate and detect threats earlier in the threat lifecycle. Our customers are quickly learning that real-time threat protection and improved network performance can only happen when networking and security unite,” he added. 
 
Infoblox’s cloud-first, consultative approach provides customers with specific solutions and actions to help them build more resilient networks and stop critical threats sooner, based on their unique business needs.

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