Companies will spend an estimated $96 billion on cybersecurity efforts in 2018, but 100% of web applications remain vulnerable to attack, according to Trustwave’s eleventh annual Global Security Report, released this week. The report examined how the cyber threat landscape has evolved in the past decade. In 2008, the largest cyber threats were opportunistic, with attackers trying to steal money, payment card data, and login credentials from as many people as possible by targeting a large, indiscriminate group. Today, hackers launch sophisticated, highly-targeted attacks to breach networks of their victims, the report noted.
Unsurprisingly, vulnerabilities saw a sharp surge over the past 10 years, ramping up in 2012. This is due in part to the number of internet users doubling in that time frame, and the fact that both security researchers and criminals now actively look for—and for the latter, sell—vulnerabilities on the dark web.
Read more about the disconcerting findings of the new report by Trustwave on TechRepublic.