cyberattacks
Many companies are just not ready to cope

66 percent of respondents say their organization is not prepared to recover from cyberattacks

The IBM and Ponemon study also reveals that only 32 percent of IT and security professionals say their organization has a high level of Cyber Resilience. “This year’s Cyber Resilience study shows that organizations globally are still not prepared to manage and cyberattacks mitigate cyberattacks,” said John Bruce, CEO and co-founder of Resilient, an IBM Company. “Security leaders can drive significant improvement by making incident response a top priority – focusing on planning, preparation, and intelligence.”

The study also uncovered common barriers to Cyber Resilience. The majority – 66 percent – say “insufficient planning and preparedness” is the top barrier to Cyber Resilience. Respondents also indicate that the complexity of IT and businesses processes is increasing faster than their ability to prevent, detect, and respond to cyberattacks – leaving businesses vulnerable.

Key Takeaways include:

  • Companies are experiencing frequent and successful cyberattacks

    • More than half (53 percent) say they suffered at least one data breach in the past two years
    • 74 percent say they faced threats due to human error in the past year
    • When examining the past two years, 74 percent say they have been compromised by malware on a frequent basis, and 64 percent have been compromised by phishing on a frequent basis
  • Organizations can’t maintain operations effectively or recover quickly post-attack

    • 68 percent don’t believe their organizations have the ability to remain resilient in the wake of a cyberattack
    • 66 percent aren’t confident in their organization’s ability to effectively recover from an attack
  • A lack of planning and preparation is the biggest barrier

    • Only 25 percent have an incident response plan applied consistently across the organization. Twenty-three percent have no incident response plan at all
    • Only 14 percent test their incident response plans more than one time per year
    • 66 percent cite a lack of planning as their organization’s biggest barrier to becoming resilient to cyberattacks
  • Ability to respond to a cyberattack has not improved significantly

    • 48 percent say their organization’s Cyber Resilience has either declined (4 percent) or not improved (44 percent) over the past 12 months
    • 41 percent say the time to resolve a cyber incident has increased or increased significantly, while only 31 percent say it has decreased or decreased significantly

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