Almost All US Organizations Experienced a Cyber Event in the Past Year

Almost all (98%) US-based organizations experienced at least one cyber event in the past year, according to Deloitte’s 2021 Future of Cyber Survey. This compares to 86% of non-US organizations.

The study, which surveyed 577 C-suite executives worldwide on their organization’s cybersecurity programs, also found that a huge proportion (86%) of US companies faced increased cyber-threats due to COVID-19. Interestingly, a significantly lower proportion (63%) of non-US executives reported experiencing an increased rate of attacks during the pandemic.

US executives also revealed a wide range of business impacts arising from cyber incidents or breaches in the past year. These included operational disruption (28%), share price drop (24%), leadership change (23%), intellectual property theft (22%) and loss of consumer trust (22%).

Despite this, 14% of US executives admitted their organization has no cyber-threat defense plans, which compares to just 6% of non-US executives.

According to the survey, the three biggest barriers to US organizations’ cybersecurity management programs were increases in data management, perimeter and complexities (38%), inability to match rapid technological changes (35%) and a need for better prioritization of cyber-risk across the enterprise (31%).

Another major security challenge for US companies is recruitment, with 31% of US executives stating they cannot attract or retain cyber talent. This compares to just 16% of non-US companies.

Surprisingly, the respondents considered the unintended actions of well-meaning employees (28%) to be the biggest cyber threat to US organizations. This was ranked above phishing, malware or ransomware (27%). Yet, despite this, 15% of US executives admitted their organization has no way to detect ..

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