A report has found that more than one in four respondents attribute attacks against their organization to cyberwarfare or nation-state activity. In 2018, 19% of organizations believed they were attacked by a nation-state.
The 2019-2020 Global Application & Network Security Report by Radware says that figure increased to 27% in 2019. Companies in North America were more likely to report nation-state attribution, at 36%.

According to the report, the findings come at a time of heightened anxiety for security managers. Organizations are increasingly turning to microservices, serverless architectures, and a mix of multiple cloud environments. Two in five managers reported using a hybrid environment that included cloud and on-premises data centers, and two in five said they relied on more than one public cloud environment. However, only 10% of respondents felt that their data was more secure in public cloud environments.

As organizations adapt their network infrastructure to enjoy the benefits of these new paradigms (such as microservices and multi-cloud environments), they increase their attack surface and decrease the overall visibility into their traffic. For example, 22% of respondents don’t even know if they were attacked, 27% of those who were attacked don’t know the hacker’s motivations, 38% are not sure whether an Internet of Things (IoT) botnet hit their networks, and 46% are not sure if they suffered an encrypted DDoS attack.

In addition, the report also found:

The emergence of 5G networks. As the push for 5G grows, there exists an important opportunity to build security into networks at its foundations. Despite the increasing buzz around 5G networks, only 26% of carriers responded that they felt well prepared for 5G deployment, while another 32% stated that they were somewhat prepared.

Be careful what you wish for in terms of IoT. 5G promises to advance organizations’ implementation of and the value they derive from IoT technologies, but that promise comes with a corresponding increase in the attack surface. When it comes to IoT connected devices, 44% of respondents said malware propagation was their top concern, while lack of visibility followed at 20% and Denial of Service at 20%.

Data loss is top concern. About 30% of businesses stated that data theft as a result of a breach was their top concern following an attack, down from 35% the previous year, followed by service outages at 23%. Meanwhile, 33% said that financial gain is a leading motivation for attacks.