Only 2% of organizations are “mature” in their cybersecurity response

According to Cisco’s 2024 Cybersecurity Readiness Index, only 2% of organizations are “mature” in their cybersecurity preparedness.

The alarming numbers, announced at this week’s Enterprise Connect, show that the percentage of organizations with mature cybersecurity responses has decreased from 17% last year. Equally alarming, nearly three-quarters of organizations fall into the entry-level or formative stage of Cisco readiness (72%).

The Readiness Index reflects a period characterized by hyper-connectivity and an evolving threat landscape. Despite continued efforts to protect against a variety of techniques such as phishing, ransomware, and social engineering attacks, enterprises are being kept up by overly complex security postures dominated by multipoint solutions. I’m having a hard time with it. These challenges are exacerbated in distributed work environments where data spans countless services, devices, applications, and users.

Despite this complexity, 78% of businesses are moderately to very confident in their current infrastructure’s ability to defend against cyberattacks, according to Cisco research. Cisco suggests that this confidence may be misplaced and emphasizes the need for a more comprehensive assessment of cybersecurity readiness.

Jeetu Patel, Executive Vice President and General Manager of Security and Collaboration, CiscoSaid:

We cannot underestimate the threat posed by our own overconfidence. Today’s organizations must prioritize investments in integrated platforms and rely on AI to operate at machine scale and ultimately turn the tide in favor of defenders. ”

This data comes from a third-party, double-blind survey of 8,136 global business leaders in the private sector who are responsible for cybersecurity in their organizations.

The index covers 31 solutions and capabilities that measure enterprise readiness across five key pillars: identity intelligence, network resiliency, machine reliability, cloud hardening, and AI hardening. Respondents indicated the solutions they implemented and the stages of implementation, which can be categorized into four readiness stages: Novice, Formative, Progressive, and Mature.

Other fascinating statistics

Cisco found that most organizations anticipate future cybersecurity incidents despite their concerning ratings.

70% of respondents expect a cybersecurity incident to disrupt their business within the next 12 to 24 months. The consequences of being unprepared are significant: 54% reported a cybersecurity incident in the last year. Of those affected, 52% said the incident cost him at least US$300,000.

Another point was that unsecured or unmanaged devices add further complexity. 80% of enterprises say their employees access their company platform from unmanaged devices, and 40% of those users use such devices to log on to the company network I spend a fifth of my time on it. 26% said an employee switched between at least six networks within her week.

Another key issue is the lack of talent in cybersecurity, with 85% of companies citing a lack of talent as a barrier to their cybersecurity efforts. 41% of companies reported that they had 10 or more cybersecurity-related vacancies within their organization at the time of the survey.

Finally, organizations point to the need to increase investments in future cybersecurity. 47% of organizations plan major IT infrastructure upgrades in the next 12 to 24 months, up from 31% last year. They primarily enhance existing solutions (70 percent), introduce new solutions (60 percent), and invest in AI technology (55 percent). Additionally, 96% anticipate an increase in their cybersecurity budget, with more than four-fifths planning an increase of 10% or more.

Cisco’s Enterprise Connect and two notable studies

The Cybersecurity Readiness Index wasn’t the only interesting study from Cisco this week.

Cisco’s new 2024 Hybrid Work Survey finds that fewer than half of employees believe their office is equipped for hybrid work.

The report found that while most employees are generally positive about returning to the office in some form, they feel the space is too focused on individual work rather than fostering collaboration. Emphasized. Seventy-two percent of employees surveyed by Cisco said they would like to return to the office, but would like a better-equipped space for collaboration, but do not know if their work environment is a hybrid work environment. Only 47 percent of employees believe they are well-equipped for this new era.

More than four-fifths (81%) of employers say they have already redesigned or are planning to redesign their office space, and that number has increased slightly, with 83% of respondents , recognizes that improvement through collaboration attracts and retains talent.

Employers and employees alike are recognizing the need for offices that foster collaboration and innovation in a hybrid model.

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