Many companies are ranking cybersecurity as a top 5 priority but their actions do not measure up to the claim, a survey finds
The hard truth that companies must face is that there is no way that cybersecurity risk can be fully eliminated. On the other hand, there are steps that organizations can take to prevent many attacks or mitigate the consequences if any such attack occurs. A recent survey by Microsoft and Marsh provides some valuable insights into how businesses perceive some of these challenges.
While 79% of respondents of the study, called 2019 Global Cyber Risk Perception Survey, have made cybersecurity their top-tier priority, they are quite unsure as to how to best address the issue. In addition, the study – which canvassed views from 1,500 business leaders across the globe – shows that almost a quarter of the companies asked had “no confidence” in responding to and recovering from cyberattacks.
The general decline in confidence from the 2017 edition of the same survey affects other key areas of cyber-resilience, such as preventing cyberthreats or even assessing and understanding them. Companies that aim to keep up with the ever-evolving world also need to adopt new technologies. That said, they often lack confidence in their ability to secure these technologies, which can handicap them in such endeavors.
A total of 74 % of organizations evaluate risks in some way prior to adopting new technology, while 54% assess them after adopting it. While that might sound reassuring to a certain extent, the reality is a bit different, as only 36 % of the o ..
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