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State of Cybersecurity
Report 2020
© confidential 2
State of Cybersecurity Report
(SOCR) 2020
194
Organizations across 35
countries surveyed
6,500+
Wipro CDC incidents analyzed
21
Contributing Partners
30+
Security products analyzed
for vulnerabilities
1.1Million
Cyber intelligence alerts
analyzed
© confidential 3
Structure of the report
MACRO View
STATE OF ATTACKS,
BREACHES & LAW
01.
COVID-19
A CYBER PERSPECTIVE
02.
MICRO View
STATE OF CYBER RESILIENCE
03.
MESO View
STATE OF COLLABORATION
04.
FUTURE View
FUTURE OF CYBER
05.
INDUSTRY View
SECTOR PERSPECTIVES
06.
© confidential 4
State of attacks, breaches & law
41% Black-market data sold belongs to BFSI Sector
Analysis of year long intelligence alerts indicates significant activity with
stolen data in underground economy.
30+ Cyber Defenders have Weaknesses
The CVE data indicates that security products continue to show
propensity for vulnerabilities for code execution & authorization bypass
57% Analysed countries have strong breach notification laws
Breach notification laws were examined for 23 countries across 4
parameters for their stringency
© confidential 5
State of cyber resilience
12% Top Investment
Priorities
35% - Security
Orchestration and
Automation
1
20% - Zero Trust
Architecture
2
14% - Hybrid Cloud
Security
3
42%
% of IT Budget for
Security
Security Budgets are
increasing. 14% of
organizations were
allocated budget more than
12% of IT budget
Organizations struggle to
Retain Talent
Cyber Talent
42% of the organizations
were finding it difficult to
retain top quality cyber
talent.
© confidential 6
COVID 19: A cybersecurity perspective
70
%
94
%
76
%
During COVID-19
Organizations are concerned about
endpoint hygiene
During COVID-19
Organizations are prioritizing remote
access/VPN enablement
During COVID-19
Organizations are increasing Device
security (EDR, etc..)
87
%
94
%
Post COVID-19
Organizations want to increase
Secure Cloud Migration
Post COVID-19
Organizations are planning for
Secure Digital Transformation
Post COVID-19 & Cybersecurity
Edge Security Deployment (Remote Patching,
Native Edge Controls, Cloud Native Security,
DDoS Sinkholes) are expected to accelerate
showing radical cybersecurity resilience
changes
© confidential 7
Best security practices to emulate
Adopt Automation in Security
Controls
Automated Data Discovery and Classification
Consider automated data discovery and
classification as the most effective data
security control.
32%
Cloud – Deal quickly with over
Permissions
Cloud Identities Over permissioned
Dangerous delta exists between
permissions granted and permissions used
for Cloud Identities
95%
OT/IOT – Identify & Monitor
Organizations stepping up on
Industrial asset identification &
monitoring19%
65%
© confidential 8
State of collaboration
60% Organizations are increasingly
participating in attack simulation
exercises to assess preparedness
23% of organizations are not
confident of addressing third-party
supply chain threats
57% of organizations share only
indicators of compromise – malicious
IPs, URLs and domains
79% of organizations have Cyber
Insurance as partial Risk transfer
mechanism
64% of organizations consider
reputational risk as the barrier for
information sharing among peers
© confidential 9
Future of cybersecurity
49% of the cybersecurity patent filings
were in the AI/ML, and data science
space
IoT Device Security has received
highest seed investments in the past 3
years
7% of the cybersecurity patent filings
were in the 5G space.
Payment fraud has received second
most seed investment in the past 3
years

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State of cybersecurity report 2020- Post Covid 19

  • 2. © confidential 2 State of Cybersecurity Report (SOCR) 2020 194 Organizations across 35 countries surveyed 6,500+ Wipro CDC incidents analyzed 21 Contributing Partners 30+ Security products analyzed for vulnerabilities 1.1Million Cyber intelligence alerts analyzed
  • 3. © confidential 3 Structure of the report MACRO View STATE OF ATTACKS, BREACHES & LAW 01. COVID-19 A CYBER PERSPECTIVE 02. MICRO View STATE OF CYBER RESILIENCE 03. MESO View STATE OF COLLABORATION 04. FUTURE View FUTURE OF CYBER 05. INDUSTRY View SECTOR PERSPECTIVES 06.
  • 4. © confidential 4 State of attacks, breaches & law 41% Black-market data sold belongs to BFSI Sector Analysis of year long intelligence alerts indicates significant activity with stolen data in underground economy. 30+ Cyber Defenders have Weaknesses The CVE data indicates that security products continue to show propensity for vulnerabilities for code execution & authorization bypass 57% Analysed countries have strong breach notification laws Breach notification laws were examined for 23 countries across 4 parameters for their stringency
  • 5. © confidential 5 State of cyber resilience 12% Top Investment Priorities 35% - Security Orchestration and Automation 1 20% - Zero Trust Architecture 2 14% - Hybrid Cloud Security 3 42% % of IT Budget for Security Security Budgets are increasing. 14% of organizations were allocated budget more than 12% of IT budget Organizations struggle to Retain Talent Cyber Talent 42% of the organizations were finding it difficult to retain top quality cyber talent.
  • 6. © confidential 6 COVID 19: A cybersecurity perspective 70 % 94 % 76 % During COVID-19 Organizations are concerned about endpoint hygiene During COVID-19 Organizations are prioritizing remote access/VPN enablement During COVID-19 Organizations are increasing Device security (EDR, etc..) 87 % 94 % Post COVID-19 Organizations want to increase Secure Cloud Migration Post COVID-19 Organizations are planning for Secure Digital Transformation Post COVID-19 & Cybersecurity Edge Security Deployment (Remote Patching, Native Edge Controls, Cloud Native Security, DDoS Sinkholes) are expected to accelerate showing radical cybersecurity resilience changes
  • 7. © confidential 7 Best security practices to emulate Adopt Automation in Security Controls Automated Data Discovery and Classification Consider automated data discovery and classification as the most effective data security control. 32% Cloud – Deal quickly with over Permissions Cloud Identities Over permissioned Dangerous delta exists between permissions granted and permissions used for Cloud Identities 95% OT/IOT – Identify & Monitor Organizations stepping up on Industrial asset identification & monitoring19% 65%
  • 8. © confidential 8 State of collaboration 60% Organizations are increasingly participating in attack simulation exercises to assess preparedness 23% of organizations are not confident of addressing third-party supply chain threats 57% of organizations share only indicators of compromise – malicious IPs, URLs and domains 79% of organizations have Cyber Insurance as partial Risk transfer mechanism 64% of organizations consider reputational risk as the barrier for information sharing among peers
  • 9. © confidential 9 Future of cybersecurity 49% of the cybersecurity patent filings were in the AI/ML, and data science space IoT Device Security has received highest seed investments in the past 3 years 7% of the cybersecurity patent filings were in the 5G space. Payment fraud has received second most seed investment in the past 3 years