"Global Firms Fear the Worst Over Risk Management Failures"

Security researchers at Trend Micro polled over 6290 IT and business decision-makers from over 29 countries to compile its latest research.  The researchers found that over half (54%) of global organizations believe their risk assessments aren’t mature enough, potentially exposing them to escalating cyber threats.  A third (32%) of respondents said that assessing risk is the main area of attack surface management they struggle with.  As a result, they feel most exposed to ransomware (83%), phishing (85%), and IoT attacks (81%).  The researchers noted that many respondents (28%) struggle with manual approaches to attack surface mapping, while a third (32%) claim they’re laboring with multiple tech stacks.  As a result, only two-fifths (40%) can accurately use risk assessments to detail things like attack attempt frequency and trends, risk levels for individual assets, and industry benchmarks.  The researchers stated that this is leaving the organization exposed and business leaders in the dark.  Over half (51%) of respondents said they struggle to quantify risk exposure to leadership, while only 3% believe their C-suite fully understands cyber risk at present.

Infosecurity reports: "Global Firms Fear the Worst Over Risk Management Failures"