After a period of stability a year ago, 62% of respondents reported cyberattacks, a level not seen since 2018. This year, 35% of respondents said their organization faced more cyberattacks than in the previous year, up to three percentage points. Latest State of Cybersecurity 2021 report by ISACA and HCL Technologies.
The report delves deeper into actionable insights that can help chief security officers plan and implement an integrated cyber security strategy. The report compiled responses from over 3,600 professionals across industries to provide critical insights outlining both existing cyber vulnerabilities as well as recommended measures.
Overall, 65% of organizations surveyed rate their cyber maturity. However, significant challenges were identified in assessing cyber maturity, most notably integrating risk with maturity and taking into account industry threats and trends (30%).
About 40% indicated that their organization either contracts out an external partner or uses a combination of internal and external resources for threat intelligence.
Ransomware continues to be one of the top three cyber attack methods exploited by attackers globally. The survey findings are largely in line with the findings of previous years, i.e., enterprises continue to lack the desired staffing levels to deal with cyber threats.
In the banking, financial services and insurance (BFSI) sector, the cyber security budget registered a growth of 55% over the next 12 months. In healthcare, medicine and pharma, 49% of respondents reported increased spending on new safety technologies during the pandemic. 50% of respondents to energy and utilities reported an increase in their cyber security budget over the next 12 months and in manufacturing, 51% indicated an increase in cyber security budget over the next 12 months.
Don’t miss a story! Stay connected and informed with Mint.
download
Our App Now!!
.