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Risk

11/14/2018
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Can Businesses Stand Up to Cybercrime? Only 61% Say Yes

While 96% of US organizations say business resilience should be core to company strategy, only 61% say it actually is.

New data points to a gap between how businesses value resilience and how they implement it, Tanium researchers report.

As part of The Resilience Gap study, Tanium polled 1,000 US business decision makers to learn more about their ability to defend against cybercrime. Nearly all (96%) believe making technology resilient to business disruptions should be core to their broader strategy. However, only 61% report that resiliency is actually in place.

There remain several barriers to achieving business resilience, researchers found, specifically between internal organizational structures and access to technology and talent. More than one-third (36%) say growing complexity is to blame; 20% blame siloed business divisions. One-third say the problem is with hackers becoming more sophisticated than internal IT teams, and 17% claim their company doesn't have the right skills to accurately detect breaches in real time.

Companies need to assign responsibility for business resilience, report researchers, who explain that one of the reasons it remains unachievable is because of growing internal confusion on where the responsibility lies. But who should handle it? Some respondents say the CIO or head of IT should take charge, 33% say all employees should be responsible, and 10% say the CEO.

Poor business resilience comes with financial consequences. Thirty-two percent say they could not — or don't know if they could — calculate the impact of a breach when considering lost revenue and productivity. Eleven percent report they don't know if they could calculate response cost; 10% don't know if they could calculate the impact of lost or exposed data.

Read more details here.

 

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