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CYBER MITIGATION: New Cisco Study Finds Only 15% are Ready to Defend against threats

CYBER MITIGATION: New Cisco Study Finds Only 15% of Companies Surveyed are Ready to Defend Against Cybersecurity Threats
Syndicated By: Iain Fraser - Cybersecurity Journalist Gibraltar

11th. May 2023

CYBER MITIGATION: New Cisco Study Finds Only 15% of Companies Surveyed are Ready to Defend Against Cybersecurity Threats

  • Readiness is critical: 82% of respondents said they expect a cybersecurity incident to disrupt their business in the next 12 to 24 months

  • The cost of being unprepared can be substantial: a majority of respondents said they had a cybersecurity incident in the last 12 months, which cost at least $500,000 for 41% of organizations affected

  • Companies are taking action: 86% of respondents said their organizations plan to increase their cybersecurity budget by at least 10% over the next 12 months

A mere 15% of organizations globally have the ‘Mature’ level of readiness needed to be resilient against today’s modern cybersecurity risks, according to Cisco’s (NASDAQ: CSCO) first-ever Cybersecurity Readiness Index released today. The index has been developed against the backdrop of a post-COVID, hybrid world, where users and data must be secured wherever work gets done. The report highlights where businesses are doing well and where cybersecurity readiness gaps will widen if global business and security leaders don’t take action.

Organisations have moved from an operating model that was largely static – where people operated from single devices from one location, connecting to a static network – to a hybrid world in which they increasingly operate from multiple devices in multiple locations, connect to multiple networks, access applications in the cloud and on the go, and generate enormous amounts of data. This presents new and unique cybersecurity challenges for companies. Learn More /...

About Cisco

Cisco helps seize the opportunities of tomorrow by proving that amazing things can happen when you connect the unconnected. An integral part of our DNA is creating long-lasting customer partnerships, working together to identify our customers' needs and provide solutions that fuel their success. Learn More /...

Iain Fraser Cybersecurity Journalist



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