Ponemon Institute Study Reveals Organizations Lose up to $5 million from Endpoint Attacks, Including Fileless Malware Attacks

2017 State of Endpoint Security Risk shows sharp rise in fileless attacks evading current endpoint security

BOSTON — A new study released today by the Ponemon Institute finds that endpoint security risk has become rampant. 54 percent of respondents said their company experienced a successful attack. Of those respondents, 77 percent were victim to fileless attack or exploit. Sponsored by Barkly, the leading endpoint protection company using advanced intelligence to deliver the strongest security made simple, the survey of 665 IT and security leaders finds that over-reliance on traditional endpoint security is leaving organizations exposed to significant risk.

“This survey reveals that ignoring the growing threat of fileless attacks could be costly for organizations.” said Dr. Larry Ponemon, Chairman and Founder of Ponemon Institute. “The cost of endpoint attacks in the companies represented in this study could be as much as $5 million, making an enterprise-wise endpoint security strategy more important than ever.”

To address the rising threat of fileless attacks, over 50% of organizations looked to replace or augment their existing endpoint security with new tools designed to stop fileless attacks. However, even with the transition to next generation security, organizations cited protection gaps, high false positive rates and complexity of management as top challenges with new solutions. False positives, for example, were ranked as the most significant “hidden” cost of endpoint protection comprising 48% of all security alerts. With fileless attacks on the rise, and false positives accounting for almost half of all alerts, it is no surprise that only 36% of organizations report having enough resources to effectively manage it all

“Based on this research, organizations need a strategy in place to block fileless attacks, which are responsible for the majority of today’s endpoint compromises. To restore their faith in endpoint security, new solutions also need to address the crucial gap in advanced protection without adding unnecessary complexity and alarming false positive rates to endpoint management.” said Mike Duffy, CEO of Barkly.

You can access the complete 2017 State of Endpoint Security Risk report here.

About Ponemon Institute:

The Ponemon Institute© is dedicated to advancing responsible information and privacy management practices in business and government. To achieve this objective, the Institute conducts independent research, educates leaders from the private and public sectors and verifies the privacy and data protection practices of organizations in a variety of industries.

About Barkly

Barkly is advancing endpoint security by combining the strongest protection, smartest technology, with the simplest management. The Barkly Endpoint Protection Platform™ blocks attacks across all vectors and intents, including exploits, scripts, executables, and ransomware. Barkly is the only protection with visibility into all levels of the system, including the CPU and stays up-to-date through its continuous machine-learning engine that automatically converts threat intelligence into powerful protection through nightly training on malware and customer-specific goodware. Barkly requires no security expertise to setup and deploy and makes management simple through any desktop or mobile device. Barkly is independently certified for antivirus replacement, HIPAA, PCI DSS & NIST by Coalfire and AV-TEST. Barkly is formed by an elite team of security and SaaS experts from IBM, Cisco and Intel, and is backed by investors NEA and Sigma Prime. Learn more by visiting us at www.barkly.com or follow us on Twitter @BarklyProtects.

Contact

Maya Pattison, Director of PR
617.488.9400 | press@barkly.com