Organisations have taken a step back with cybersecurity in favour of accelerating other digital business initiatives.
CyberArk Research shows one in five organisations deprioritised security investment in 2021, even if 70 percent having experienced at least one ransomware attack.
According to CyberArk’s latest report reveals that 79 percent of senior security professionals agreed their organisations prioritised maintaining business operations over ensuring robust cyber security in the last 12 months.
Less than half (48 percent) have identity security controls in place for their business-critical applications.
More than 62 percent did not bother securing their software supply chain post the SolarWinds attack while 64 percent admitted a compromise of a software supplier would mean an attack on their organisation could not be stopped.
Udi Mokady, founder, chairman and CEO of CyberArk, said: “The past few years have seen spending on digital transformation projects skyrocket to meet the demands of changed customer and workforce requirements.”
