Country for PR: United States
Contributor: PR Newswire New York
Tuesday, April 27 2021 - 22:00
AsiaNet
Crowdsourced security use jumps to 73 percent as business downtime concerns skyrocket
REDWOOD CITY, Calif., April 27, 2021 /PRNewswire-AsiaNet/ --

-- Business downtime overtook breaches as the No.1 concern for security 
professionals as cybercrime reports surged 69 percent last year. As a result, 
they are turning to crowdsourced security testing to strengthen digital 
defenses, according to the 2021 Signals in Security Report.

Security professionals ranked business downtime as their most pressing concern 
over the past year -- ahead of breaches or insider threats -- as enterprises 
around the world rushed to accommodate the unprecedented demand for virtual 
work.

Photo - https://mma.prnewswire.com/media/1496564/Synack.jpg 

Logo - https://mma.prnewswire.com/media/838158/Synack_Logo.jpg 

The pressure for security teams to ensure the safety of new and expanded remote 
platforms and internet-connected productivity tools was evident in the 
responses to the 2021 Signals in Security Report (click here to read the full 
report ( 
https://c212.net/c/link/?t=0&l=en&o=3141521-1&h=788466079&u=https%3A%2F%2Fwww.synack.com%2Flp%2Fsignals-in-security-report%2F&a=click+here+to+read+the+full+report 
)), which measured the sentiment from more than 600 professionals who helped 
guide their organizations through the chaotic period. 

The report that gauged how security teams performed in the months before the 
pandemic through the beginning of 2021 also revealed that organizations are 
relying more heavily on crowdsourced security testing to confront cybersecurity 
challenges.

Crowdsourced security solutions gave organizations the ability to scale 
security operations with on-demand testing at a continuous cadence. 
Seventy-three percent of companies used crowdsourced security testing in 2021, 
up from 61 percent in 2020. 

Furthermore, the survey ( 
https://c212.net/c/link/?t=0&l=en&o=3141521-1&h=123064494&u=https%3A%2F%2Fwww.synack.com%2Flp%2Fsignals-in-security-report%2F&a=the+survey 
) revealed that security teams reacted to the increased attack surface by 
expanding testing -- 87 percent of businesses now say they test every digital 
asset, up from 82 percent in early 2020, according to the survey conducted on 
behalf of Synack ( 
https://c212.net/c/link/?t=0&l=en&o=3141521-1&h=1391132409&u=http%3A%2F%2Fwww.synack.com%2F&a=Synack 
), the premier crowdsourced platform for on-demand security expertise.

"The pandemic turned security on its head. Suddenly, we were all confronting 
exponentially expanded attack surfaces. That meant security teams needed to be 
creative, nimble and seek out innovative and responsive solutions such as 
on-demand, crowdsourced security to give them access to the most trusted 
security researchers to test their assets from an adversarial perspective," 
said Jay Kaplan, CEO and Co-founder of Synack.

"That's the kind of proactive security that produced quality results and helped 
organizations stay ahead of the threat throughout the pandemic," said Kaplan.

Among the key Signals in Security ( 
https://c212.net/c/link/?t=0&l=en&o=3141521-1&h=602980566&u=https%3A%2F%2Fwww.synack.com%2Flp%2Fsignals-in-security-report%2F&a=Signals+in+Security 
) findings:

    -- Respondents named ease of testing, higher-quality findings, and 
       exceptional scalability as the primary benefits of crowdsourced 
       solutions.

    -- Fifty-seven percent surveyed wanted more investment in offensive 
       security. 

    -- The lack of skilled cybersecurity staff continues to hurt companies' 
       ability to test applications. A third of respondents -- 33 percent -- 
       indicated that the primary reason their company did not test more 
       applications was that they lacked the security staff, the same 
       proportion as the previous year. 

Most security teams appear to have come out ahead following a year that 
required creativity and new thinking to meet the challenges posed by the 
pandemic. Almost 70 percent of security professionals said their organizations 
were safer than the year before. 

Crowdsourced security also played a critical role in helping organizations 
defend against a 69 percent increase in cybercrime reports during 2020. 
According to the FBI's 2020 Internet Crime Report ( 
https://c212.net/c/link/?t=0&l=en&o=3141521-1&h=2639133806&u=https%3A%2F%2Fwww.ic3.gov%2FMedia%2FPDF%2FAnnualReport%2F2020_IC3Report.pdf&a=2020+Internet+Crime+Report 
), cyberattacks skyrocketed due to the sudden shifts in remote work, giving 
malicious hackers new opportunities to strike when organizations were the most 
vulnerable. 

Signals in Security ( 
https://c212.net/c/link/?t=0&l=en&o=3141521-1&h=602980566&u=https%3A%2F%2Fwww.synack.com%2Flp%2Fsignals-in-security-report%2F&a=Signals+in+Security 
) revealed opportunities to strengthen security, too, starting with 
communications between executives and security teams. Only 18 percent of 
analysts said business executives considered security important. More than 
three-quarters of executives, however, said they maintained a high commitment 
to security. 

The initial portion of the survey was conducted from January to February 2020 
and the second version was carried out from December 2020 to January 2021. Half 
of the participants had the role of manager or director, while 32 percent had 
executives or vice president roles. More than three-quarters of participants 
(76 percent) work at companies with between 500 and 1,000 employees. Half of 
the respondents (51 percent) work at companies with security teams of 25 or 
more analysts.

Click here to download the full report ( 
https://c212.net/c/link/?t=0&l=en&o=3141521-1&h=1139775734&u=https%3A%2F%2Fwww.synack.com%2Flp%2Fsignals-in-security-report%2F&a=Click+here+to+download+the+full+report 
). 

About Synack:

Synack is the premier crowdsourced platform for on-demand security expertise. 
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 teams around the world, Synack 
protects leading global banks, federal agencies, DoD classified assets, and 
more than $6 trillion in Fortune 500 and Global 2000 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.

SOURCE Synack

CONTACT: Mike Farrell, mfarrell@synack.com
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