Despite the increased attempts by organisations to improve cybersecurity response planning, containing cyberattacks is still a major issue for them, according to an IBM study.
Cyberattacks have been on the rise in the last two years with 56 per cent of Indian organisations confirming that they had experienced a data breach that had lead to the loss or theft of more than 1,000 records containing sensitive or confidential customer or business information. The responses were part of a global survey conducted by Ponemon Institute and sponsored by IBM Security.
According to IBM’s 2020 Cyber Resilient Organization Report, 46 per cent of organisations, in the past two years, have experienced a cybersecurity incident that had disrupted the organisation’s IT and business processes significantly.
Organisations are making attempts to improve their cybersecurity resilience despite the gaps. 45 per cent of organisations in India had said that their cyber resilience had improved. The improvement was based on better measures in terms of decreased time taken to identify a security incident and to contain it. Meanwhile, 46 per cent of organisations were able to prevent cyber attacks.
65 per cent of respondents had cited hiring of skilled personnel as the primary reason for this improvement followed by improved information on governance practices.
What sets these organisations back in terms of resilience is a lack of proper planning and an outdate playbook lacking measures for specific attacks in most cases.
Reasons for cyberattacks
The top three reasons why 23 per cent of organizations had said that their cyber resiliency has not improved were lack of adequate budget (42 per cent), loss of skilled staff (40 per cent) and poorly configured cloud services (31 per cent).
An outdated playbook for countering specific attacks is another major reason why cont ..
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