Press release
New Cisco Study Finds Only 15% of Companies Surveyed are Ready to Defend Against Cybersecurity Threats
News Summary: Readiness is critical: 82% of respondents said they expect a cybersecurity incident to disrupt their business in the next 12 to 24 monthsThe
About this update from Cisco Systems, Inc.
[{"type":"text","content":"News Summary:\nReadiness is critical: 82% of respondents said they expect a cybersecurity incident to disrupt their business in the next 12 to 24 monthsThe 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 affectedCompanies are taking action: 86% of respondents said their organizations plan to increase their cybersecurity budget by at least 10% over the next 12 monthsSAN JOSE, Calif., March 21, 2023 /PRNewswire/ -- 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.\n\n \n \n \n \n \n \n\n \nOnly 15% of organizations are 'Mature' enough to be resilient against today's cybersecurity threats.Organizations 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 an enormous amounts of data. This presents new and unique cybersecurity challenges for companies.\nCisco Cybersecurity Readiness Index: Resilience in a Hybrid WorldTitled, Cisco Cybersecurity Readiness Index: Resilience in a Hybrid World, the report measures the readiness of companies to maintain cybersecurity resilience against modern threats. These measures cover five core pillars that form the baseline of required defenses: identity, devices, network, application workloads, and data, and encompasses 19 different solutions within the pillars.\nConducted by an independent third party, the double-blind survey asked 6,700 private sector cybersecurity leaders across 27 markets to indicate which of these solutions they had deployed and the stage of deployment. Companies were then clas...