IT Pro is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Learn more

Only 50% of CIOs improve cyber security after WannaCry

A quarter of CIOs have experienced ransomware attacks, survey finds

Research among CIOs and IT leaders has found that only half have implemented new security safeguards following the WannaCry ransomware attack, and only 15% plan changes in response to Petya.

This is despite 27% admitting their organisations have suffered ransomware attacks, according to IT governance non-profit ISACA's survey of 450 CIOs.

The vast majority (76%) said that their organisations were either highly or somewhat prepared to deal with the increased frequency on ransomware style attacks against their networks. However, only 50% of organisations have carried out staff training programmes to help them deal with the threat.

The research also found that less than a quarter of organisations are applying the latest security software patches within the first 24 hours of release. In some cases it can take over a month before the software is updated.

What is particularly concerning is that almost 15% of respondents said that their organisations won't take any further precautions following the Petya attack earlier this month, despite the fact that the vast majority (83%) expect further ransomware attacks in the future. Only 6% said they would pay the ransom.

"Our poll shows that more than one in four organisations typically wait longer than a month to apply the latest software patches," said ISACA CEO Matt Loeb.

"Given the escalating volume and complexity of threats enterprises are facing, placing greater urgency on rapid, comprehensive patching is a critical component of protecting an organization from the business- and infrastructure-crippling consequences of an attack."

The WannaCry attack in May affected over 300,000 computer systems globally, and while the ransom was fairly modest at $300, it highlighted a widespread vulnerability to this style of attack that would be exploited again by Petya the following month.

However, following analysis of the Petya malware, experts now believe that its main purpose was to destroy data, rather than generate cash.

Ahead of the upcoming GDPR regulations, companies will need to demonstrate they are doing all they can to protect the data they hold, including shoring up their security against malware.

Featured Resources

The state of Salesforce: Future of business

Three articles that look forward into the changing state of Salesforce and the future of business

Free Download

The mighty struggle to migrate SAP to the cloud may be over

A simplified and unified approach to delivering Enterprise Transformation in the cloud

Free Download

The business value of the transformative mainframe

Modernising on the mainframe

Free Download

The Total Economic Impact™ Of IBM FlashSystem

Cost savings and business benefits enabled by FlashSystem

Free Download

Recommended

Ransomware now strikes one in 40 organisations per week, Check Point finds
ransomware

Ransomware now strikes one in 40 organisations per week, Check Point finds

27 Jul 2022
Darktrace AI’s Antigena helps stop ransomware attack at Dordogne GHT
ransomware

Darktrace AI’s Antigena helps stop ransomware attack at Dordogne GHT

13 Apr 2022
Sabbath hackers are targeting US schools and hospitals
ransomware

Sabbath hackers are targeting US schools and hospitals

29 Nov 2021
Out-of-hours ransomware attacks have a greater impact on revenue
ransomware

Out-of-hours ransomware attacks have a greater impact on revenue

18 Nov 2021

Most Popular

Why convenience is the biggest threat to your security
Sponsored

Why convenience is the biggest threat to your security

8 Aug 2022
How to boot Windows 11 in Safe Mode
Microsoft Windows

How to boot Windows 11 in Safe Mode

29 Jul 2022
Microsoft successfully tests emission-free hydrogen fuel cell system for data centres
data centres

Microsoft successfully tests emission-free hydrogen fuel cell system for data centres

29 Jul 2022