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Venafi Survey: 87 Percent of Security Professionals Say World is at Cyberwar

March 19, 2019

SALT LAKE CITY--(BUSINESS WIRE)--Mar 19, 2019--Venafi ®, the leading provider of machine identity protection, today announced the results of a survey on cyberwar and offensive hacking that evaluated the opinions of 517 IT security professionals attending the RSA Conference 2019. According to the survey, eighty-seven percent of respondents say the world is currently in the middle of a cyberwar.

“It’s clear that security professionals feel under siege,” said Kevin Bocek, vice president of security strategy and threat intelligence at Venafi. “With the increasing sophistication and frequency of cyberattacks targeting businesses, everyone is involved in cyberwar.”

Additional findings include:

  • Seventy-two percent believe nation-states should have the right to “hack back” by targeting cybercriminals who level attacks on their infrastructure.
  • Fifty-eight percent believe private organizations have the right to “hack back.”

Currently, the  Computer Fraud and Abuse Act  prohibits many retaliatory cyber defense methods, including accessing an attackers computer without authorization. The  Active Cyber Defense Certainty (ACDC) Act addresses active cybersecurity defense methods and was introduced to the U.S. House of Representatives in October 2018. The ACDC Act proposes “to provide a defense to prosecution for fraud and related activity in connection with computers for persons defending against unauthorized intrusions into their computers.”

Bocek added: “Today, private companies do not have a legal right to actively defend themselves against cyberattacks. Even if this type of action were to become legal, most organizations are too optimistic about their abilities to target the correct intruder. Even with the most sophisticated security technology, it’s nearly impossible to be certain about attack attribution because attackers are adept at using a wide range of technologies to mislead security professionals. For many organizations, it would be better to focus on establishing stronger defense mechanisms. We’ve seen excellent growth in cloud, DevOps and machine identity technologies that allow digital business services to be restarted in the event of a breach, effectively delivering a knockout blow against attackers.”

For more information:
https://www.venafi.com/blog/cyber-war-grows-it-time-strike-back

About Venafi

Venafi is the cybersecurity market leader in machine identity protection, securing machine-to-machine connections and communications. Venafi protects machine identity types by orchestrating cryptographic keys and digital certificates for SSL/TLS, IoT, mobile and SSH. Venafi provides global visibility of machine identities and the risks associated with them for the extended enterprise – on premises, mobile, virtual, cloud and IoT – at machine speed and scale. Venafi puts this intelligence into action with automated remediation that reduces the security and availability risks connected with weak or compromised machine identities while safeguarding the flow of information to trusted machines and preventing communication with machines that are not trusted.

With over 30 patents, Venafi delivers innovative solutions for the world’s most demanding, security-conscious Global 5000 organizations and government agencies, including the top five U.S. health insurers; the top five U.S. airlines; the top four credit card issuers; three out of the top four accounting and consulting firms; four of the top five U.S., U.K., Australian and South African banks; and four of the top five U.S. retailers. Venafi is backed by top-tier investors, including TCV, Foundation Capital, Intel Capital, QuestMark Partners, Mercato Partners and NextEquity.

For more information, visit: www.venafi.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190319005109/en/

CONTACT: Shelley Boose

shelley.boose@venafi.com

408.398.6987

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA UTAH

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT HARDWARE INTERNET NETWORKS SOFTWARE SECURITY MOBILE/WIRELESS

SOURCE: Venafi

Copyright Business Wire 2019.

PUB: 03/19/2019 08:11 AM/DISC: 03/19/2019 08:12 AM

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