SonicWall Confirms that Ransomware is Still the Biggest Fear of the Enterprise

Published On: November 12, 2023Categories: Buzz

SonicWall, a Milpitas, California-based cybersecurity company, has released the findings of its 2023 Threat Mindset Survey finding that 55% of its customers are more concerned about cyberattacks in 2023, with the main threat being focused on digital attacks like ransomware and spear phishing. Ransomware leads the distress as 83% of all customers cited it as their biggest concern. Meanwhile, 94% of respondents are equally or more concerned about overall attacks in 2023. Phishing and spear-phishing (76%), as well as encrypted malware (64%), comprised the top three concerns.

Despite rising cyberattack concerns, 78% of organizations don’t patch critical vulnerabilities within 24 hours of patch availability; another 13% only apply critical patches when time allows.

Insider threat incidents have continued to increase and 49% of IT professionals cited it as a growing worry. The larger the organization, the more potential insider threat incidents exist. Critical business information and sensitive data can be found in employees’ emails – and IT professionals feel the concern.

Approximately 40% of respondents described their IT/ cybersecurity personnel as inadequate. With the cyberattack landscape becoming savvier with stronger capabilities of pulling off attacks, organizations must prioritize protection and hiring individuals who have the knowledge and skills to best position their company to not fall victim to these ongoing cyberattacks.

SonicWall surveyed approximately 10,000 customers from around the globe. Questions were optional and some were open-ended, while others were multiple choice.

Channel Impact®
Companies are not only losing millions of dollars to unending malware and ransomware strikes, but cyberattacks on essential infrastructure are impacting real-world services. Despite the growing concern of cyberattacks, organizations are struggling to keep pace with the fast-moving threat landscape as they orient their business, networks, data, and employees against never-ending cyberattacks. Channel partners can play an instrumental role in addressing those risks.

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