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Welcome to this weeks blog, where I'll dive deeper into the Top 10 Cybersecurity Challenges enterprise organizations face, as found in our recently released Cybersecurity Insights Report 2022: The State of Cyber Resilience.
#10 - Poor Understanding of Cyber Risk
While cybersecurity has become a major concern for businesses around the globe, a majority of enterprise security decision-makers listed a "Poor Understanding of Cyber Risk" as number ten in our list.
While a greater understanding comes with security maturity, it's worrying that some organizations have a poor understanding of the cyber risk they face. But when you think of the digitally connected world we live in, it all makes sense.
Technology continues to develop at an incredible pace, playing an important role in our personal lives, at work, and when making business decisions. The more reliant we become on technology, the bigger the risk that attackers can infiltrate systems and steal valuable information.
One of the most common challenges in defending against cyber threats is that many organizations don't understand the true nature and scope of their cyber risk exposure, including the fact that most organizational leaders lack an understanding and effective assessment of cyber risks their organizations face. This can lead to an inability to prioritize security investments or even worse, make decisions based on inaccurate assumptions about the threats facing their organization.
PWC defines cyber risk as any risk associated with financial loss, disruption, or damage to the reputation of an organization from failure, unauthorized or erroneous use of its information systems.
In many cases, the more sophisticated and extensive a business' digital operations, the higher the cyber risk involved. However, it doesn't matter whether you'r ..
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