May 2018 smartGOV_eMagazine_May2018 - Page 10

Smart Governance LeadLine Focused cyberattacks on the rise W ith ransomware and distributed denial of service (DDoS) attacks on the rise, the average number of focused cyberattacks per organization has more than doubled this year compared to the previous 12 months (232 through January 2018 versus 106 through January 2017). In the face of these growing cyber threats, organizations are demonstrating far more success in detecting and blocking them, according to a new study from Accenture (NYSE: ACN). Yet, despite making significant progress, only two out of five organizations are currently investing in breakthrough technologies like machine learning, artificial intelligence (AI) and automation, indicating there is even more ground to be gained by increasing investment 10 | May 2018 | www.smartgovernance.in Yet, organizations still experience 30 cyber breaches per year, signaling need for more investment in innovative technologies to further improve cyber resilience