The new survey of nearly 5,000 global IT security professionals reveals a deficit in enterprise security systems, a disconnect in how confidential data is valued and limited visibility into cybercriminal activity.
Findings reveal a global consensus that security professionals need access to heightened threat intelligence and defenses:
- 57 percent of respondents do not think their organization is protected from advanced cyber attacks and 63 percent doubt they can stop the exfiltration of confidential information.
- Most respondents (69 percent) believe cybersecurity threats sometimes fall through the cracks of their companies’ existing security systems.
- 44 percent of companies represented in this research experienced one or more substantial cyber attacks in the past year.
- 59 percent of companies do not have adequate intelligence or are unsure about attempted attacks and their impact. Further, 51 percent say their security solutions do not inform them about the root causes of an attack or they are unsure.
- According to respondents, there is a gap between data breach perception and reality – specifically regarding the potential revenue loss to their business. 80 percent of respondents say their company’s leaders do not equate losing confidential data with a potential loss of revenue. This is in contrast to recent Ponemon Institute research, which indicates that data breaches have serious financial consequences for organizations. The average cost per lost or stolen record due to a data breach is $188 and the average cost of an organizational data breach is $5.4 million.
- 48 percent say their board-level executives have a sub-par understanding of security issues. However, we believe that cybersecurity awareness has most likely increased from that of a few years ago.
- Less than half of the respondents (41 percent) believe they have a good understanding about the threat landscape facing their company.
- Only 37 percent of respondents could say with certainty that their organization lost sensitive or confidential information as a result of a cyber attack.
- 35 percent of those who had lost sensitive or confidential information did not know exactly what data had been stolen.
The report surveyed IT security practitioners with an average of 10 years’ experience in the field from 15 countries: Australia, Brazil, Canada, China, France, Germany, Hong Kong, India, Italy, Mexico, the Netherlands, Singapore, Sweden, United Kingdom and the United States.
In addition to the survey results, the report also includes conclusions drawn from the data and recommendations for addressing the exposed cracks in current cybersecurity measures.