The Enterprise Strategy Group (ESG) and Illumio polled 1,000 information technology (IT) and security professionals in eight countries about their cybersecurity environments and the effect of zero trust on their enterprises for the Zero Trust Impact Report.
Cyberattacks and ransomware are on the rise.
Despite more sophisticated and frequent assaults, 47% of security executives think they will not be compromised, according to the research. More than three-quarters of the firms surveyed (76%) had been hit by ransomware in the last two years, and 66% have had at least one software supply chain assault.
The three cyber dangers that respondents think pose the greatest risk to their companies are software supply chain assaults (48 percent), zero-day vulnerabilities (46 percent), and ransomware attacks (44 percent).
Over the last two years, 36% of respondents had been the victims of a successful ransomware assault. Furthermore, 82 percent of those who had been the victims of a successful assault paid a ransom, with the average ransom amounting to $495,000.
“Illumio Core has provided Zero Trust segmentation to us that proved incredibly helpful to us in avoiding successful hacks and ransomware from becoming cyber disasters.”
– Lead Security Engineer
Methodology of zero trust
The Biden administration emphasized the necessity of zero trust measures for U.S. firms facing cyberattacks in the Executive Order on Improving the Nation’s Cybersecurity.
Ninety percent of security executives believe zero trust is one of their top three cybersecurity goals, and 33 percent say it is their top priority.
According to the research, 39% of all security investment over the next 12 months would be used to further zero trust projects.