Executives at more than half of organizations worldwide say they are not prepared for cyberattacks, troubling new report claims
- Report surveyed 800 executives in North America, Europe and Asia
- Found that only 49% are confident in their abilities during a cyberattack
- US 72% confident in plan against attackes, while Japan was only 24% confident
More than 4,000 cyberattacks occur daily worldwide, half of organizations across the globe admit they are not prepared for such events.
A new report has found that only 49 percent of chief information security officers believe in their company’s ability to respond to a hacking incident or data breach.
Executives in the US were found to be the most confident with 72 percent stating they are fully prepared, but just a quarter of organizations in Japan said they could handle a cyberattack.
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A new report has found that only 49 percent of chief information security officers believe in their company’s ability to respond to a hacking incident or data breach
The Cyber Trendscape 2020 report was released by the cybersecurity firm FireEye, which surveyed 800 chief information security officers and other senior executives in North American, Europe and Asia.
‘The goal of this initiative was to identify trends impacting cyber security decisions, the top cyber security priorities for 2020 and beyond, the focus of risk mitigation strategies, and to highlight the overall beliefs and perceptions held by senior executives regarding the state of the cyber threat landscape and how the cyber security industry, governments and regulatory agencies are responding to their needs,’ reads the report.
The report found that the US was very confident in their abilities during a cyberattack, while Japan had the least amount with just 24 percent.
Approximately 47 percent of organizations in the countries studied noted they are ‘somewhat ready,’ but overall they would struggle to respond well.
And a small four percent said they are not ready at all for any type of hack or data breach and ZDNET reported that although this does not sound like a large number, ‘it accounts for one in 25 organizations around the world’.
Teams worldwide are adopting the latest technology to fight back against cyber thieves – from security hardware to consulting and vulnerability management.
But according to the report, the most popular tool is security software.
And the greatest concern about cyber attack or breach event is the loss of sensitive data, followed by customers and business operations
The highest reported use of such tools was by the US with 78 percent, followed by the UK with 70 percent – the lowest were Germany (13 percent) and Japan (13 percent).
More than 88 percent of executives said they are employing artificial intelligence to help them survive a cyberattack.
‘Globally, 34 percent of organizations reported they had started projects to understand AI and AI security issues and 28 percent had a preliminary understanding of AI and AI security with pilot deployments,’ as stated by the report.
More than 88 percent of executives said they are employing artificial intelligence to help them survive a cyberattack
‘Only 12 percent reported that they had not investigated AI and that it was not a priority at this time.’
Again, the US leads the pack – it has the strongest understanding of AI and AI concerns.
And the greatest concern about cyber attack or breach event is the loss of sensitive data, followed by customers and business operations.
