What do a pipeline, universities, and an NBA team all have in common? Usually, not much. However, in the last year all of these have fallen victim to ransomware attacks. Increasingly disruptive and sophisticated attacks are plaguing countless organizations. (Case in point: Ransomware attacks increased by 150% in 2020.)

To learn more about how companies are combating these mounting threats, Pulse and Hitachi ID surveyed 100 IT and security executives to understand what changes are being made to cybersecurity infrastructure and how those changes are able to handle cyberattacks. 

We know the move to the cloud and growth of software-as-a-service (SaaS) solutions has increased efficiency and convenience for countless organizations: Almost all survey participants said at least some part of their security-related digital transformation efforts include a move to SaaS. But this isn’t enough on its own. Organizations need a strong SaaS cybersecurity strategy and solution to decrease vulnerabilities. 

Prioritize Passwords and Identities

Even with more complex, sophisticated technology at their fingertips, most system breaches are still the result of weak or misplaced passwords. So, it goes without saying that password management needs to be first on your list for securing your network. The good news is, most decision-makers are already prioritizing these critical solutions and processes. More than 80% of those surveyed have already implemented either multi-factor authentication or single sign-on — two critical fail safes in password management. 

Read more at – Hitachi ID: Ready for SaaS? You May Be, But What About Your Cybersecurity Strategy?