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Arctic Wolf Report Reveals Perennial Security Issues Dominate Concerns Over Novel Attack Techniques

Staffing shortages, latent threats, and basic hygiene continue to prevent organizations from achieving their security objectives

EDEN PRAIRIE, MN – March 2, 2022Arctic Wolf®, a leader in security operations, today published its 2022 Cybersecurity Trends Report based on findings from a recent global survey of more than 300 global security leaders and insight from the Company’s cloud-based security operations platform.

Arctic Wolf’s 2022 Cybersecurity Trends Report provides insight into the current and future state of cybersecurity teams as they attempt to move their security programs forward while dealing with an ever-evolving threat environment. The research findings show that a multitude of perennial security challenges continue to hamper organizations in accomplishing their security objectives in 2022.

Key Findings:

Persistent Weaknesses Trump Novel Attack Methods as Top Security Concerns

Ongoing security concerns such as ransomware, phishing and vulnerabilities don’t just monopolize headlines, they’re taking up security professionals’ headspace, too. Defending incessant threats from attackers with far more resources feels like a lost cause. Shifting security strategies to operationalize resources, optimize talent and weaponize defenses is the way forward to deterring attackers and minimizing risk.

  • 70% of new Arctic Wolf customers surveyed were found to have existing latent threats at onboarding;
  • 81% of respondents rated vulnerabilities and unknown misconfigurations as the biggest security concerns within their environments;
  • 50% of organizations that responded said their security budget in 2022 is insufficient to achieve their security goals; and
  • 30% of organizations with cyber insurance who were surveyed say their policies went up in cost or were cancelled outright in 2021, while 35% of organizations surveyed currently operate without any form of cyber insurance.

The Great Resignation Widens the Cybersecurity Skills Gap

Finding, training, and retaining cybersecurity talent has long been a challenge for most organizations, but as 2021 saw the rise of the “Great Resignation” across many industries, IT and security leaders continued to face significant hiring hurdles.

  • 80% of organizations surveyed state they have not been able to fulfill their target headcounts for security staff;
  • 76% of respondents say that their primary obstacle for achieving their cybersecurity objectives is either the struggle to hire staff or the lack of expertise within current staff; and
  • 44% of organizations surveyed do not have any staff members assigned to security as their full-time or primary function.

Cloud Adoption Is Outpacing Cloud Security

The rate of public and private cloud adoption is quickly exceeding the internal capabilities of organizations to secure their cloud environments even when adopting shared responsibility models.

  • 47% of all incidents investigated by Arctic Wolf include at least one cloud component;
  • Only 19% of organizations surveyed are using cloud security posture management (CSPM) as a way of securing their cloud resources; and
  • Of the organizations surveyed that lack CSPSM capabilities, only 22% currently have plans in place to add it to their security program.

“In a time of rapidly advancing technologies, emerging threats and adversary groups, and a growing attack landscape dominating news headlines, it is executing on security fundamentals and dealing with perennial threats that continue to be top of mind for IT and security leaders looking to better secure their organizations,” said Ian McShane, Field CTO, Arctic Wolf. “Companies that can rely on a mature security operations practice in 2022 will find themselves more secure, more resilient, and better able to adapt to the multitude of internal and external risk factors.”

For additional insights from the 2022 Cybersecurity Trends Report, visit arcticwolf.com to read a blog post and register for a webinar on March 10.

Additional Resources:

About Arctic Wolf:  

Arctic Wolf® is a global leader in security operations, delivering the first cloud-native security operations platform to end cyber risk. Powered by threat telemetry spanning endpoint, network, and cloud sources, the Arctic Wolf® Security Operations Cloud ingests and analyzes more than 1.9 trillion security events a week across the globe, enabling critical outcomes for most security use cases and optimizing customers’ disparate security solutions. Now deployed to more than 2,700 customers worldwide, the Arctic Wolf® Platform delivers automated threat detection and response at scale, and empowers organizations of virtually any size to establish world-class security operations with the push of a button.

For more information about Arctic Wolf, visit arcticwolf.com or follow us on Twitter, LinkedIn, or Facebook.

Press Contact:

Reagan McAfee
Reagan.mcafee@arcticwolf.com
(916) 996-4969

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