Barracuda survey report: loss of customers and mission-critical data are top security concerns to APAC organizations

Posted date: 2021-02-03 8:00 AM

Hong Kong, 4 February 2021 —  

 

Highlights: 

  • 76% of APAC respondents report being targeted by a cyberattack at least once, highlighting a serious global security challenge.
  • Time spent on preventing and managing cyberattacks is highest in APAC, an average of 7 hours.
  • 26% of APAC participants say application security provided by cloud infrastructure is insufficient.
  • Loss of data and customers are top concerns in relation to a successful cyberattack in APAC.
  • APAC respondents understand the need to protect applications that can be accessed by external users (86%), involve e-commerce or PII (89%), or can be accessed via mobile devices (90%).

Barracuda, a trusted partner and leading provider of cloud-enabled security solutions, today released key findings from a report titled Securing Your Apps in the Borderless Cloud. The report takes an in-depth look at public cloud adoption trends, network and application vulnerabilities, and a variety of related security concerns amid rapid cloud adoption.

The global survey, commissioned by Barracuda and conducted by independent market researcher Vanson Bourne, includes responses from 750 IT decision makers who are responsible for their organization’s cloud infrastructure of which 250 were in APAC. They came from organizations of all sizes and across a broad range of sectors.

The report highlights the rising security challenge and associated costs in the APAC region. Overall, cyberattacks in all geographic regions have increased by about 20% since 2017. In APAC, 76% of respondents report being targeted by a cyberattack at least once, with 44% saying they have been attacked between two and five times. Another 22% are not aware of falling victim to cyberattacks. Organizations spend between one and two days per week on average preventing and managing cyberattacks. Time spent on this work is highest in APAC, an average of 7 hours.

A third of APAC participants do not feel they are fully protected in the cloud and data loss is front of mind. Despite the growing confidence in public cloud in general, 95% of APAC respondents have added (56%) or plan to add (39%) extra security measures to their public cloud deployments. More than half of APAC respondents are worried about losing sensitive, mission-critical data (53%). In addition to data loss, crippled day-to-day operations due to temporary shutdown of mission-critical applications (54%), and lost customers (50%) are top security concerns to APAC participants about a successful cyberattack.

Most organizations realize the potential risks of application vulnerabilities and understand the need to protect applications. 26% of APAC respondents say application security provided by the cloud infrastructure providers is insufficient and believe that they need to add protection for applications that can be accessed by external users (86%), involve e-commerce or PII (89%), or can be accessed via mobile devices (90%).

“As applications are rapidly becoming the most exploited threat vector, these security concerns underscore the importance to safeguard data with confidence by eliminating application vulnerabilities and stopping data breaches.” said James Forbes-May, Sales Vice President, Barracuda APAC. “By deploying a strong and secure web application firewall (WAF), organizations can be reassured about public cloud security and take advantage of all the business benefits inherent in leveraging the cloud.” he added

 

Resources: 

Download the full report: www.barracuda.com/APAC-report

Read the blog post: https://blog.barracuda.com/2021/02/03/report-securing-apps-and-sensitive-data-is-top-priority-for-apac-organizations/

 

About Barracuda

At Barracuda we strive to make the world a safer place. We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. We protect email, networks, data and applications with innovative solutions that grow and adapt with our customers’ journey. More than 200,000 organisations worldwide trust Barracuda to protect them — in ways they may not even know they are at risk — so they can focus on taking their business to the next level. For more information, visit barracuda.com.  

 

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