"Almost All US Organizations Experienced a Cyber Event in the Past Year"

Security researchers at Deloitte did a new study where they surveyed  577 C-suite executives worldwide on their organization’s cybersecurity programs.  The researchers found that almost all (98%) US-based organizations and 86% of non-US organizations experienced at least one cyber event in the past year.  A considerable proportion (86%) of US companies faced increased cyber threats due to COVID-19. Interestingly, a significantly lower proportion (63%) of non-US executives reported experiencing an increased rate of attacks during the pandemic.  The researchers found that breaches caused organizations operational disruption (28%), share price drop (24%), leadership change (23%), intellectual property theft (22%), and loss of consumer trust (22%).  Despite this, 14% of US executives admitted their organization has no cyber threat defense plans, which compares to just 6% of non-US executives.  According to the survey, the three most significant barriers to US organizations’ cybersecurity management programs were increases in data management, perimeter and complexities (38%), inability to match rapid technological changes (35%) and a need for better prioritization of cyber-risk across the enterprise (31%).  Another major security challenge for US companies is recruitment, with 31% of US executives stating they cannot attract or retain cyber talent. This compares to just 16% of non-US companies.

Infosecurity reports: "Almost All US Organizations Experienced a Cyber Event in the Past Year"