Egnyte has released its Cybersecurity Trends for Mid-Sized Organizations Report, a mid-year update to its Data Governance Trends Report. The study – based on a survey of 400 US C-level executives conducted by Wakefield Research – examines key trends in cyber insurance, cyber security hygiene, ransomware detection, user access management, and more.
The number of nation-state and data exfiltration-based cyber attacks continues to increase, which has emphasized the need for organizations to reexamine their cyber security preparedness. According to the report, incident response plans are not prevalent enough, with only 64 percent of mid-sized companies having a formal incident response plan in place.
The report also identifies the following key trends:
- Cyber insurance premiums are on the rise. 47 percent of respondents’ organizations experienced premium increases of 76 percent or more in the past year.
- Cyber security awareness training is being delivered more frequently. 63 percent of respondents’ organizations conduct cyber security awareness training at least once a quarter.
- The rise in cyber attacks has prompted organizations to increase focus on user access to critical data repositories. A majority of companies track geographical access (61 percent), flag unexpected folder or file access (57 percent), and/or monitor unexpected time of day access (53 percent) as a means to detect unusual access to their data repositories.