Country for PR: United States
Contributor: PR Newswire New York
Wednesday, September 23 2020 - 16:20
AsiaNet
Synack's 2020 Trust Report Identifies Sectors Best Equipped to Withstand Crippling Cyberattacks
REDWOOD CITY, California, Sept. 23, 2020 /PRNewswire/ --

-- Even faced with unprecedented challenges due to COVID-19, Government, 
Financial Services earn 'most trusted' status from Synack's Attacker Resistance 
Score Metric 

The third edition of the Synack Trust Report, a data-driven analysis of 
cybersecurity preparedness across all sectors and industries, found that 
Government and Financial Service sectors globally are the most hardened against 
cyberattacks in 2020.

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Government and Financial Services scored 15 percent and 11 percent higher, 
respectively, than all other industries in 2020. Government agencies earned the 
top spot in part due to reducing the time it takes to remediate exploitable 
vulnerabilities by 73 percent.

Throughout the year, both sectors faced unprecedented challenges due to the 
global COVID-19 pandemic, but still maintained a commitment to thorough and 
continuous security testing that lessened the risk from cyberattacks. 

"It's a tremendously tough time for all organizations amidst today's 
uncertainties. Data breaches are the last thing they need right now. That's why 
it's more crucial than ever to quickly find and fix potentially devastating 
vulnerabilities before they cause irreparable harm," said Jay Kaplan, CEO and 
Co-Founder of Synack. "If security isn't a priority, trust can evaporate in an 
instant."

The 2020 Trust Report is grounded in data from the patented Attacker Resistance 
Score (ARS)™ Metric, which drew information directly from tests conducted on 
the Synack Crowdsourced Security Platform from 2019 through July 2020 — right 
through the COVID-19 response period. Synack calculates a unique ARS metric 
between 0 and 100 for every asset, assessment and organization it tests. The 
calculation takes into account attacker cost, severity of findings and 
remediation efficiency. The higher the ARS, the more hardened assets are 
against attack. 

"The 2020 Synack Trust Report is a must-read for anyone who has ever been asked 
by their C-Suite, CEO, or Board: 'Can I trust our digital systems? And how do 
we compare to other companies?'" wrote Michael Coden, Global Leader 
Cybersecurity Practice, BCG Platinion, Boston Consulting Group, in his forward 
to the 2020 Trust Report. "The report makes it clear that companies surviving 
the continuous barrage of cyberattacks are the ones that frequently test as 
many of their digital assets as possible with the appropriate depth and breadth 
to the criticality of that asset."

Key 2020 Trust Report findings include:

The Government sector earned 61 — the highest rating 

The chaos of 2020 added new hardship to many Government bodies, but security 
hasn't necessarily suffered as many agencies have become more innovative and 
agile. Their ability to quickly remediate vulnerabilities drove this year's top 
ranking. 

Financial Services scored 59 amidst massive COVID-19 disruptions 

Financial Services adapted quickly through the pandemic to help employees 
adjust to their new remote work realities and ensure customers could continue 
doing business. Continuous security testing played a significant role in the 
sector's ARS. 

Healthcare and Life Sciences scored 56 despite pandemic challenges

The rush to deploy apps to help with the COVID-19 recovery led to serious 
cybersecurity challenges for Healthcare and Life Sciences. Despite those 
issues, the sector had the third highest average score as research and 
manufacturing organizations stayed vigilant and continuously tested digital 
assets. 

Severity of vulnerabilities found on the Synack platform increases 

Twenty-eight percent of the vulnerabilities discovered by the Synack Red Team, 
the community of ethical hackers working on the Synack platform, were 
considered high, very high or critical. Synack leads the industry in finding 
the most critical and dangerous vulnerabilities in customers' digital assets 
and apps, giving them the insight necessary to prevent attacks. 

ARS scores increase 23 percent from continuous testing 

For organizations that regularly release updated code or deploy new apps, 
point-in-time security analysis will not pick up potentially catastrophic 
vulnerabilities. A continuous approach to testing helps ensure vulnerabilities 
are found and fixed quickly, resulting in a higher ARS metric.

The full Synack 2020 Trust Report explores the ARS metric for all global 
sectors. Visit www.synack.com to download the report for free and learn how the 
most trusted brands in the world measure their risk. 

About Synack:

Synack is the world's most trusted crowdsourced security testing platform. Its 
crowdsourced penetration testing is powered by the world's most skilled and 
trusted ethical hackers and augmented by AI-enabled technology to give 
customers the best of human intelligence and machine intelligence. 
Headquartered in Silicon Valley with regional offices around the world, Synack 
protects leading global banks, federal agencies, DoD classified assets, and 
more than $1 trillion in Fortune 500 revenue. A 4-time CNBC Disruptor 50 
company, Synack was founded in 2013 by former NSA security experts Jay Kaplan, 
CEO, and Dr. Mark Kuhr, CTO. 

For more information, please visit www.synack.com.


SOURECE: Synack


CONTACT: Mike Farrell, +1 617-943-2346, mfarrell@synack.com
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