Believe it or Not-Study Reveals 87 Percent of Focused Cyberattacks are Prevented

The dependency on digital and smart technology these days is on the rise, on top of that there are issues of ransomware and distributed denial of service (DDoS), the average number of focused cyberattacks per organization has more than doubled this year compared to the previous 12 months (232 through January 2018 versus 106 through January 2017). A new research conducted by Accenture has concluded that in spite of these growing cyber threats, the organizations are demonstrating far more success in detecting and blocking them. It was revealed that despite making significant progress, only two out of five organizations are currently investing in breakthrough technologies like machine learning, artificial intelligence (AI) and automation, indicating there is even more ground to be gained by increasing investment in cyber resilient innovations and solutions. The study conducted from January to mid-March 2018 investigated focused attacks defined as having the potential to both penetrate network defenses and cause damage, or extract high-value assets and processes from within organizations. Regardless of the increased pressure of ransomware attacks, which more than doubled in frequency last year, the study disclosed that organizations are upping their game and now preventing 87 percent of all focused attacks compared to 70 percent in 2017.