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Code42 Highlights Cybersecurity Research that Reveals Organizations Feel Most Ill-Equipped to Detect Insider Attacks as well as Develop and Test Applications

May 8, 2019

MINNEAPOLIS--(BUSINESS WIRE)--May 8, 2019--Code42, the leader in next-gen data loss protection, announced that it will co-host a complimentary live webinar entitled, “Insider Threat: Still an Unsolved Challenge.” The webinar is co-presented by the CyberEdge Group, a leading research and marketing firm serving the security industry and authors of the 2019 Cyberthreat Defense Report. The report surveyed 1,200 IT and security decision-makers across 17 countries and 19 industries for their opinions about cyberthreats and their plans to defend against them. The webinar will be held on Thursday, May 9 from 1:00-1:45 p.m. CDT and is open for registration.

The webinar will highlight key findings from the report, including:

  • The percentage of mid-sized organizations (88 percent) affected by a successful cyberattack increased slightly from last year.
  • Nearly two-thirds (65 percent) of IT and security professionals believe a successful cyberattack is imminent in 2019.
  • More organizations fell victim to ransomware than last year and more paid the ransom (45 percent), but only 61 percent of those that paid recovered their data.
  • Organizations feel most ill-equipped to detect insider attacks as well as develop and test applications.
  • Security continues to consume a larger portion (13 percent) of overall IT budgets.

Following the webinar, attendees will receive a complimentary copy of the 2019 Cyberthreat Defense Report as well as an infographic and executive summary of key results. For more data security insights from Code42, read the company’s blog or watch on-demand webinars on a range of cybersecurity topics , including security best practices and insider threat detection strategies.

About Code42
Code42 is the leader in next-gen data loss protection. Native to the cloud, the Code42 Next-Gen Data Loss Protection solution rapidly detects insider threats, helps satisfy regulatory compliance requirements and speeds incident response — all without lengthy deployments, complex policy management or blocking user productivity. Because the solution collects and indexes every version of every file, it offers total visibility and recovery of data — wherever it lives and moves. Security, IT and compliance professionals can protect endpoint and cloud data from loss, leak and theft while maintaining an open and collaborative culture for employees. Backed by security best practices and control requirements, Code42 Next-Gen Data Loss Protection preserves files for compliance and can be configured for GDPR, HIPAA, PCI and other regulatory frameworks.

More than 50,000 organizations worldwide, including the most recognized brands in business and education, rely on Code42 to safeguard their ideas. Founded in 2001, the company is headquartered in Minneapolis, Minnesota, and backed by Accel Partners, JMI Equity, NEA and Split Rock Partners. For more information, visit code42.com, read Code42’s blog or follow the company on Twitter.

© 2019 Code42 Software, Inc. All rights reserved. Code42 and the Code42 logo are registered trademarks or trademarks of Code42 Software, Inc. in the United States and/or other countries. All other marks are properties of their respective owners.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190508005792/en/

CONTACT: Kristin McKenzie

Public Relations and Social Media Principal, Code42

kristin.mckenzie@code42.com

844-333-4242

KEYWORD: UNITED STATES NORTH AMERICA MINNESOTA

INDUSTRY KEYWORD: TECHNOLOGY CONSUMER ELECTRONICS DATA MANAGEMENT ELECTRONIC DESIGN AUTOMATION HARDWARE INTERNET NETWORKS SOFTWARE TELECOMMUNICATIONS SECURITY MANUFACTURING ENGINEERING

SOURCE: Code42

Copyright Business Wire 2019.

PUB: 05/08/2019 02:52 PM/DISC: 05/08/2019 02:52 PM

http://www.businesswire.com/news/home/20190508005792/en